Green Cove Springs Real Estate Market Report December 2015
For the year, Green Cove Springs saw the median sales price in the negative 6 out of 12 months. Not back to back months wither, but spread throughout the year. We did see a big improvement on the months inventory this December vs December 2014. At 4.52 months inventory, we end the year in a seller’s market. Let’s see what 2016 brings! Anytime you want to know what these stats mean, scroll to the bottom of the chart to see the definitions. Every neighborhood is different, so your neighborhood could have experienced a positive increase in the median sales price. If you wanting to know what your home is worth in today’s market, go check out: What’s my Green Cove Springs Florida Home Worth?
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 160,060 and the other half were less than 160,060k.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.52 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.