Middleburg Fl Real Estate Market Report December 2015
Middleburg real estate is seeing some good numbers in December. One I want to point out is the average days on the market at 64 days. That's pretty good, especially overall in all the price ranges combined. Over a 15% increase in the median sales price in Middleburg is a great way to end the year with. If you scroll below, you will see the definitions for all the stats in the chart.
Every neighborhood is different, so If you're thinking of selling your Middleburg home and want to know what your home is worth, click that previous link. If you're a buyer, I haven't forgotten you, I have a link just for you: Search for Homes in Middleburg Florida
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 155,500 and the other half were less than 155,500.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.18 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