Clay County Fl Real Estate Market Update September 2023

This report represents single family homes, no condos, for Orange Park, Fleming Island, Middleburg and Green Cove Springs. I don’t mix condos and single family homes since they are two totally different types of properties and how they can purchased can be completely different.

Here’s another earth shattering real estate market report for Clay County folks! 🙂 I know, a little dramatic, but a girl has to make these a little fun right?

Scroll down to take a look at the chart. Couple things worth mentioning is that the median sales price increased in September 2023, compared to the same month in 2022. Also, the inventory levels came down, which means there were less houses on the market. Not a huge difference, but definitely worth noting.

If you’re a seller, I know you may feel that you have missed the boat of the crazy seller’s market in 2021-2022. You kinda have a little. Today’s market is leaning towards a more “normal” market. You can still get a great price for your home, but your house needs to be in great shape to get top dollar and the terms are not the same appraisal gap waving or no repairs being asked. There’s more houses available, which is good for you if you’re going to sell than buy. If you’re curious on what you could sell your home for in today’s market, click on the link below.

Buyers I know you’re frustrated. The crazy seller’s market we experienced not too long ago was brutal. Now there’s more homes available, but the rates are higher and the prices are not coming down as fast as some would like. Here’s a couple good things tho. I’m seeing sellers paying for buyer’s closing costs or giving a credit to help buyers buy down their rate. The other benefit right now is that there is less competition. When the rates start coming down, competition will go up. Want to see what available homes are on the market right now? Click the link below.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 359,808 and the other half were less than 359,808.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.99 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.