Orange Park Real Estate Market Report December 2015
The median sales price in Orange Park for December 2015 is neck and neck with December 2014. Of course last month, there was an increase of 19%, which is crazy huge. Looks like it worked itself out this month. Showing a seller’s market in Orange Park, which brings 2016 in on a positive note. 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 156,953 and the other half were less than 156,953.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.57 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.