Clay County Fl Real Estate Market Report November 2016
Includes single family homes in Orange Park, Fleming Island, Green Cove Springs and Middleburg Florida
We saw an increase of the month’s inventory for November vs October of 2016. What does that mean? The amount of inventory has a major impact on how brisk the market is. Both months are showing a seller’s market still, and it’s normal to see a slow down during the holiday season. The number 4.51 under 2016 Month’s Inventory shows there is 4.51 months inventory left, which means if nothing else came on the market the 1,118 homes for sale would take 4.51 months to sell. Anything under 5 months is a seller’s market.
You might be wondering if that applies to your home, but each neighborhood is different, so if you’re thinking of selling and want to know more click: What’s my Clay County Florida Home Worth? If you’re a buyer and want to see what homes are available in Jacksonville, click the following link: Want to Search for Homes in Clay County Florida Florida?
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 180,000 and the other half were less than 180,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.51 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.