Clay County Florida Real Estate Market August 2024
This report covers single family homes in Green Cove Springs, Middleburg, Fleming Island and Orange Park.
We keep seeing a roller coaster ride with median sales prices in Clay County. They were up last month, but now they are in the negative by 17k! The market is shifting towards a more balanced, normal market, but some think the sky is falling when it is not. It will be interesting to see how the real estate market continues as we get into the fall months
Go check out the mortgage rates at Mortgage Daily News for the latest.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 351,950 and the other half were less than 351,950.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.51 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.
