August-2024 Home Sales Trends in Baker County, Florida

County-Wide General Metrics

Baker County

As a real estate professional, it is important to understand the correlation between various metrics in the market to provide valuable insights to both buyers and sellers.

The Months Supply of Inventory is currently at 4.42, indicating a balanced market where supply and demand are relatively stable. However, the 12-Month Change in Months of Inventory has seen a significant increase of +40.76%, suggesting a potential shift towards a buyer's market in the near future.

The Median Days Homes are On the Market is 79, which is slightly higher than the ideal timeframe for a quick sale. This could be attributed to the increase in inventory levels and competition among sellers.

The List to Sold Price Percentage is at a healthy 98.6%, indicating that sellers are pricing their homes accurately and buyers are willing to pay close to the asking price. This is a positive sign for both parties as it shows a strong negotiation process in the market.

Finally, the Median Sold Price is $277,000, which gives buyers and sellers a benchmark to gauge the value of properties in the area. This price point, combined with the other metrics, provides a comprehensive picture of the current real estate market conditions.

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Overall, these metrics suggest that the market is in a state of transition, with inventory levels increasing and days on the market slightly longer. Sellers should be mindful of pricing their homes competitively, while buyers may have more options to choose from. It is important for both parties to stay informed and adapt to the changing market dynamics to make informed decisions.

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Brian Rice

Brian is the owner and managing Broker at Real Estate Kingz LLC, a Florida licensed Real Estate Brokerage. You can contact Brian at 866-735-4649 (866-Re-Kingz) or visit BrianRiceRealtor.com

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