Clay County Florida Market Report
July 2011
Single Family homes in:
· Fleming Island
· Orange Park
· Middleburg
· Green Cove Springs
July 2011
Active Listings: 1,356
Sold: 207
Months Inventory: 6.55
July 2010
Active Listings: 1,787
Sold: 149
Months Inventory: 11.99
Check out the months inventory above, for July 2011, it’s at 6.55 months. This is the absorption rate, meaning that based on the active listings, which is 1,356 and on the sold homes, which is 207, it would take 6.55 months to sell those houses at the current inventory level (active listings). If the current inventory level exceeds 6 months or more, then it’s considered a buyers market. 5-6 months, is a normal or balanced market. All positive news for the local real estate market in Clay County and for our economy.
July 2011
And now for a Blast in the Past…………..
July 2010
Active Listings– The amount of active listings in the month reported
Sold– The amount of sold listings that closed in the reported month.
Months Inventory– How many months it would take to sell the current inventory based on the sold amount.
Avg Sale Price– Average sale price of the sold houses in the reported month.
SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.
Days on the Market– The length of time it took the house to get under contract from list date.
Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).
Sold Short Sales– How many homes sold, that were short sales.
Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!
