Clay County Fl Real Estate Report October 2023

Can you believe how fast this year has went? I know as you get older things just go faster. At least time does. 🙂 As usual, this report covers the towns of Orange Park, Middleburg, Green Cove Springs and Fleming Island, and only single family homes.

This is the 2nd month in a row of median prices seeing a positive over last year in the same month. Okay, it’s only by around $1,400, which is mere beans, but still it’s a positive. 🙂 Inventory levels have also came down from last month and last year for that matter. Makes sense as we head into the holiday season, less people actually want to sell as we get closer to Thanksgiving and Christmas.

Want to take a peek at what the current homes are selling for? Click the link right below.

Sellers I know you’re curious as to what homes are selling for and what you could possibly sell for in today’s market. Click the link below:

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 357,900 and the other half were less than 357,900.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.02 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.