Green Cove Springs Real Estate Market Report October 2015
Green Cove Springs is looking at a more balanced market with inventory levels around 5 months. See below for definitions of what the different stats mean. Homes are taking less time to sell this year in October than last year, plus we see the median sales price has increased by 6.3%. Every neighborhood is different, so to really see what the value is, you want to look at the past 6 months of sold history. Or you can ask me, by clicking What’s my Green Cove Springs Florida Home Worth?
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 186k and the other half were less than 186k.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.48 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.
Originally Posted at: Northeast Florida Life