Clay County Florida Market Report May 2011

Clay County Florida Market Report

May 2011

Single Family homes in:

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

Can't complain when you see the months inventory shrink from last year and April 2011! I know what you're thinking, where did the average sale price go? I took it off, because the numbers added together are just way too deceiving than each individual price range. The higher price ranges just knock it out of whack. The other questions is, when are these prices in Clay County going up? Good question! The answer is, it's hard to say yet. The inventory levels continuing to decrease is a foot in the right direction though. The bottom is not here just yet!

May 2011

Active Listings: 1467

Sold: 193

Months Inventory: 7.60

May 2010

Active Listings: 1761

Sold: 200

Months Inventory: 8.81

May 2011

And now for a Blast in the Past…………..

May 2010

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).

Sold Short Sales– How many homes sold, that were short sales.