Clay County Florida Real Estate Market November 2024
This report is for the single family homes in Middleburg, Fleming Island, Green Cove Springs and Orange Park.
When we thought the market was going to be more balanced or crash, what does November show us? That we never know until we know! The median sales price jumped up about 15k. Inventory levels are still higher than last year, but we sold more homes, so that has us seeing a weak seller’s market.
Mortgage Daily News is my go to website to see what the latest mortgage rates are. Remember that when you hear Feds lowing rates, it means rates for car loans, helocs and short term loans, not mortgages.
Search For Homes in Clay County Florida
What’s My Home Worth?
Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 370,990 and the other half were less than 370,990.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.70 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.
