Orange Park Fl Real Estate Market Report November 2015
I know it’s past Thanksgiving, and this is a post about market stats, but I figured I’d liven it up a little. 🙂 Whoa, a whopping 19% difference in the median sales price in Orange Park this November, compared to November in 2014. That’s in the positive too folks. Inventory levels were also lower this November, vs November 2014. The days on the market increased slightly this go around, so houses are staying on the market just a hair longer. If you would like to know what these stats mean, scroll below the chart to find out.
All neighborhoods are different, so if you’re considering seller and want to know what you can sale in today’s market, click on the following link: What’s my Orange Park Florida Home Worth?
If you’re a buyer looking in the Orange Park area and want to search for homes, the next link is for you: Search for Homes in Orange Park Florida
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 182,500 and the other half were less than 182,500.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.63 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.