Clay County Florida Real Estate Market Report October 2022
Just to get it out in the open, we are still seeing a seller’s market in Clay County for October. Inventory levels continue to go up. Days on the market are longer, but 40 days on the market isn’t bad folks. Buyer’s have more choices and sellers are still getting great prices for their homes. Check out the chart below to see the rest of the numbers for October 2022.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 334,990 and the other half were less than 334,990.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.50 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.
