Middleburg Fl Real Estate Market Report April 2016
Houses are selling faster and for more money this year in April for Middleburg vs last year in April. Almost an 8% increase in the median sales price, which shows simple supply and demand. Less homes on the market will cause the prices to rise as demand rises. If you scroll below, you will see the definitions for all the stats in the chart.
Every neighborhood is different, so If you’re thinking of selling your Middleburg home and want to know what your home is worth, click that previous link.
If you’re a buyer, I haven’t forgotten you, I have a link just for you: Search for Homes in Middleburg Florida
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 136,000 and the other half were less than 136,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.73 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:
Buyers’ Market: More than 7 months of Inventory
Balanced Market: From 5-7 months of Inventory
Sellers’ Market: Less than 5 months of inventory
Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.
Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.