Clay County Florida Real Estate Report July 2023

Welcome to another real estate report for Clay County. This report is for single family homes in Middleburg, Green Cove Springs, Fleming Island and Orange Park. I know every month you’re waiting impatiently for its arrival. 🙂

Let’s dive in. 25k difference in the median sales price for the month of July, compared to July in 2022. That’s a significant difference at a negative 6.49%. We still see a slight increase in inventory, which is good for buyers having a little more choices. Less buyers on the playing field with higher interest rates. It will be interesting to see how the market continues for the rest of 2023.

Have questions? Don’t be shy or worried you’ll be harassed by a crazy real estate agent. I love answering questions and educating you on the local area, the home buying and selling process, without the pressure!!! Reach out by calling or text: 904-910-3516

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 360,000 and the other half were less than 360,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.47 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.