Clay County Florida Real Estate Market May 2024
A real estate market report for single family homes in Orange Park, Middleburg, Fleming Island and Green Cove Springs
Looking like a spring kinda market for real estate. Median sales price is up over last year. More homes to choose from, but still seeing a seller’s market in Clay County Florida.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 365,000 and the other half were less than 365,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.39 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.
