Clay County Real Estate Market Report January 2025

This report covers single family homes in Green Cove Springs, Orange Park, Fleming Island and Middleburg Florida.

Let’s dive in! I’m gonna have you check out the months inventory, which is 6.37 months and what that means is the current inventory it would take almost 6 1/2 months to sell if no other house came on the market before they also. So that’s how we determine what type of market we’re in, and it does vary, this one is leaning towards a balance market, but it’s leaning towards a buyers market. I believe the tide is starting to turn, I’ve seen the market fluctuate each month, but inventory levels are still going up and we are experiencing less sales.

I know you probably get tired of me mentioning Mortgage daily news, but that’s where you get your local interest rates and also they give really good commentary. Explain how mortgage rates are fluctuating and how they are manipulated by certain aspects like the 10 year treasury bond.

So for local news this month I’m gonna talk about road construction, because there’s a lot of of it going on in the lake Asbury area. And it’s gonna make life a little difficult for the next 16 months or so, once it’s done, it should be pretty awesome. You know growing pains they hurt for a while and then eventually once it’s done it goes away. The locals are furious and I understand why, because every way out of Lake Asbury is going to see roadwork or has seen some roadwork and let’s be honest, it affects your quality of life.

If you would like to check out these road closures, you can visit Clay County road and lane closure for the details.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 351,100 and the other half were less than 351,100.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 6.37 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.