Is The Real Estate Market in Clay County Fl Crashing?
This report is for single family homes in Orange Park, Middleburg, Green Cove Springs and Fleming Island.
It seems to be a typical spring season for Clay County Florida. Inventory levels have went up slightly this April compared to last year, but that doesn’t change the fact that we are still seeing a seller’s market. Not a crazy one, just not seeing a balance between sellers and buyers.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 352,450 and the other half were less than 352,450.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.92 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.
