Clay County Florida Real Estate Market July 2024
This report is for single family homes in Middleburg, Green Cove Springs, Orange Park and Fleming Island.
The median sales price rose by $6,700 in July 2024 compared to July 2023. So did the amount of homes on the market. That still has us as a seller’s market, but on the weaker side.
As usual, anytime you want to see the latest mortgage rates, visit Mortgage Daily News. They break it down on how we see the rates where they’re at.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 366,900 and the other half were less than 366,900.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.03 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.
