Clay County Real Estate Market Report November 2022

Single family homes in Middleburg, Orange Park, Green Cove Springs and Fleming Island

We are so close to being in a balanced market I can taste it! It will be interesting to see if we can end the year with a weak seller’s market, when we started out as a crazy strong seller’s market. Still seeing prices higher this year over last year, so buyers don’t jump for joy too soon. Prices probably won’t back slide much, but you should have more homes to choose from and not have to give an arm and leg to get into a house.

Sellers you won’t be able to throw any price you want against the wall and it will stick, but you could be in a better position to sell, then buy a house. That would be a nice change!

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 334,995 and the other half were less than 334,995.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.67 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.