Monthly Market Detail - April 2020 Single Family Homes Bay County April 2020
April 2019
Percent Change Year-over-Year
252
349
-27.8%
54
100
-46.0%
Median Sale Price
$239,000
$221,000
8.1%
Average Sale Price
$282,210
$235,187
20.0%
$71.1 Million
$82.1 Million
-13.4%
96.0%
97.6%
-1.6%
Median Time to Contract
36 Days
21 Days
71.4%
Median Time to Sale
90 Days
62 Days
45.2%
New Pending Sales
302
390
-22.6%
New Listings
421
462
-8.9%
Pending Inventory
450
556
-19.1%
Inventory (Active Listings)
1,452
886
63.9%
Months Supply of Inventory
4.3
3.0
43.3%
Closed Sales
Percent Change Year-over-Year
1,175 252 342 300 281 305 289 348 357 378 420 368 380 349
-9.7% -27.8% -12.8% 3.4% 4.1% 34.4% 99.3% 258.8% 20.6% 1.1% 19.3% 0.3% 7.6% 21.6%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month
The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
2019
Closed Sales
500 400 300 200 100 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Single Family Homes Bay County Month
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Cash Sales
Percent Change Year-over-Year
286 54 78 75 79 69 82 88 86 84 92 93 130 100
-30.8% -46.0% -36.6% -16.7% -21.0% -8.0% 49.1% 252.0% 24.6% -8.7% 29.6% 6.9% 58.5% 38.9%
2019
140
Cash Sales
120 100 80 60 40 20 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Pct. of Closed Sales Paid in Cash
2016
2017
Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
24.3% 21.4% 22.8% 25.0% 28.1% 22.6% 28.4% 25.3% 24.1% 22.2% 21.9% 25.3% 34.2% 28.7%
-23.3% -25.4% -27.4% -19.4% -24.1% -31.5% -25.1% -1.9% 3.4% -9.8% 8.4% 6.8% 47.4% 14.3%
2019
40% 30% 20% 10% 0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Single Family Homes Bay County Month
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.
Median Sale Price
2016
2017
2018
Percent Change Year-over-Year
$241,500 $239,000 $239,950 $267,000 $225,000 $246,250 $238,025 $235,788 $242,000 $230,000 $235,000 $230,013 $218,500 $221,000
11.3% 8.1% 7.6% 24.2% 7.1% 15.9% 3.5% -3.8% 5.2% 0.7% 4.5% 2.9% -0.7% 3.8%
2019
$300K $250K $200K $150K $100K $50K $0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.
2016
Average Sale Price
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019
Median Sale Price
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Average Sale Price
Percent Change Year-over-Year
$266,971 $282,210 $261,368 $277,964 $248,389 $271,117 $266,949 $254,680 $270,891 $284,763 $252,428 $258,764 $240,713 $235,187
15.2% 20.0% 13.3% 22.0% 6.5% 11.8% 0.0% -11.7% 2.9% 11.4% -7.7% -1.5% -5.8% -3.5%
2019
$350K $300K $250K $200K $150K $100K $50K $0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Single Family Homes Bay County Month
Dollar Volume The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Dollar Volume
Percent Change Year-over-Year
$313.7 Million $71.1 Million $89.4 Million $83.4 Million $69.8 Million $82.7 Million $77.1 Million $88.6 Million $96.7 Million $107.6 Million $106.0 Million $95.2 Million $91.5 Million $82.1 Million
4.0% -13.4% -1.1% 26.2% 10.8% 50.2% 99.3% 216.7% 24.1% 12.6% 10.1% -1.2% 1.4% 17.4%
2019
$120 M
Dollar Volume
$100 M $80 M $60 M $40 M $20 M $0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Med. Pct. of Orig. List Price Received
2016
2017
Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.0% 96.0% 96.0% 96.2% 95.8% 97.0% 96.9% 97.1% 97.7% 98.0% 98.2% 98.3% 98.3% 97.6%
-2.6% -1.6% -3.1% -3.0% -2.5% -0.6% 0.6% -0.5% 0.4% 1.2% 2.0% 0.9% 1.2% 0.3%
2019
120% 100% 80% 60% 40% 20% 0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Single Family Homes Bay County Month
Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Median Time to Contract
Percent Change Year-over-Year
39 Days 36 Days 37 Days 46 Days 42 Days 35 Days 23 Days 21 Days 28 Days 22 Days 26 Days 22 Days 16 Days 21 Days
50.0% 71.4% 68.2% 39.4% 20.0% -39.7% -57.4% -51.2% -26.3% -45.0% -43.5% -45.0% -57.9% -44.7%
2019
Median Time to Contract
120 100 80 60 40 20 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Median Time to Sale
2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Median Time to Sale
Percent Change Year-over-Year
92 Days 90 Days 82 Days 93 Days 99 Days 84 Days 69 Days 66 Days 79 Days 70 Days 72 Days 74 Days 67 Days 62 Days
29.6% 45.2% 20.6% 5.7% 10.0% -28.2% -30.3% -25.8% -11.2% -17.6% -25.8% -12.9% -17.3% -22.5%
2019
200 150 100 50 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Single Family Homes Bay County Month
New Pending Sales The number of listed properties that went under contract during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
New Pending Sales
Percent Change Year-over-Year
1,323 302 274 378 369 224 275 320 304 388 398 437 408 390
-12.7% -22.6% -30.5% 7.4% -2.6% -10.0% 9.1% 117.7% 15.2% 7.2% 10.9% 15.0% 2.0% 9.6%
2019
Pending Sales
500 400 300 200 100 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
New Listings
Percent Change Year-over-Year
1,693 421 436 420 416 328 349 474 460 479 444 450 527 462
6.0% -8.9% 7.7% 16.0% 13.0% 30.2% 57.2% 276.2% 45.6% 7.9% 6.5% 16.3% 18.7% 12.7%
2019
New Listings
600 500 400 300 200 100 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Single Family Homes Bay County Month
Inventory (Active Listings) The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
2016
2017
YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Inventory
Percent Change Year-over-Year
1,288 1,452 1,352 1,199 1,150 1,085 1,213 1,170 1,068 1,042 979 956 991 886
47.0% 63.9% 60.2% 38.1% 27.2% 24.6% 28.8% 7.5% -14.6% -19.0% -19.6% -20.1% -22.5% -30.0%
2019
2,000
Inventory
1,500 1,000 500 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Months Supply of Inventory
2016
2017
YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Months Supply
Percent Change Year-over-Year
4.0 4.3 3.9 3.5 3.3 3.1 3.6 3.6 3.5 3.5 3.3 3.2 3.4 3.0
29.0% 43.3% 34.5% 12.9% 0.0% -3.1% 5.9% -7.7% -16.7% -20.5% -21.4% -23.8% -24.4% -33.3%
2019
7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Single Family Homes Bay County
The number of sales transactions which closed during the month
Closed Sales
Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. April 2019
90 80 70 60 50 40 30 20 10 0 Less than $50,000
$50,000 $99,999
Less than $50,000
7
-63.2%
$50,000 - $99,999
8
-77.1%
$100,000 - $149,999
31
19.2%
$150,000 - $199,999
48
-17.2%
$200,000 - $249,999
47
-40.5%
$250,000 - $299,999
40
-21.6%
$300,000 - $399,999
46
-6.1%
$400,000 - $599,999
18
-33.3%
$600,000 - $999,999
4
0.0%
$1,000,000 or more
3
200.0%
$100,000 $149,999
$150,000 $199,999
90 80 70 60 50 40 30 20 10 0 $200,000 $249,999
$250,000 $299,999
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. April 2019
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
19 Days
-34.5%
$50,000 - $99,999
28 Days
250.0%
$100,000 - $149,999
46 Days
187.5%
$150,000 - $199,999
33 Days
200.0%
$200,000 - $249,999
55 Days
223.5%
$250,000 - $299,999
41 Days
78.3%
$300,000 - $399,999
22 Days
-58.5%
$400,000 - $599,999
47 Days
-9.6%
$600,000 - $999,999
61 Days
-75.1%
$1,000,000 or more
0 Days
-100.0%
Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
Median Time to Contract
Percent Change Year-over-Year
April 2020
Median Time to Contract by Sale Price
1,200
Closed Sales
Sale Price
Closed Sales by Sale Price
April 2020
1,200
1,000
1,000
800
800
600
600
400
400
200
200
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Single Family Homes Bay County
New Listings by Initial Listing Price The number of properties put onto the market during the month Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
New Listings
April 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
9
-18.2%
$50,000 - $99,999
22
-54.2%
$100,000 - $149,999
24
0.0%
$150,000 - $199,999
53
-18.5%
$200,000 - $249,999
104
16.9%
$250,000 - $299,999
71
-21.1%
$300,000 - $399,999
75
-5.1%
$400,000 - $599,999
43
30.3%
$600,000 - $999,999
14
27.3%
$1,000,000 or more
6
-50.0%
April 2020
120
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
April 2019
Inventory
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
12
-33.3%
$50,000 - $99,999
45
2.3%
$100,000 - $149,999
67
109.4%
$150,000 - $199,999
220
124.5%
$200,000 - $249,999
291
129.1%
$250,000 - $299,999
234
67.1%
$300,000 - $399,999
289
41.7%
$400,000 - $599,999
153
47.1%
$600,000 - $999,999
77
26.2%
$1,000,000 or more
64
10.3%
Current Listing Price
Inventory by Current Listing Price
350
$300,000 $399,999
April 2020
350
300
300
250
250
200
200
150
150
100
100
50
50
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Distressed Market - April 2020 Single Family Homes Bay County
Closed Sales
April 2020
April 2019
Percent Change Year-over-Year
250
343
-27.1%
$239,900
$223,450
7.4%
1
5
-80.0%
$89,250
$70,100
27.3%
1
1
0.0%
$178,600
$88,900
100.9%
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2016
2017
Traditional
2018
Foreclosure/REO
2019
Short Sale
100%
90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A $500K $450K
Median Sale Price
$400K $350K $300K $250K $200K $150K $100K $50K $0K J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
2016
2017
2018
2019
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County April 2020
April 2019
Percent Change Year-over-Year
81
153
-47.1%
30
69
-56.5%
Median Sale Price
$241,000
$249,000
-3.2%
Average Sale Price
$266,212
$275,875
-3.5%
$21.6 Million
$42.2 Million
-48.9%
96.5%
97.0%
-0.5%
Median Time to Contract
59 Days
35 Days
68.6%
Median Time to Sale
94 Days
74 Days
27.0%
New Pending Sales
64
154
-58.4%
New Listings
142
197
-27.9%
Pending Inventory
256
340
-24.7%
Inventory (Active Listings)
891
793
12.4%
Months Supply of Inventory
6.3
6.0
5.0%
Closed Sales
Percent Change Year-over-Year
495 81 145 129 140 124 140 143 148 166 135 139 194 153
0.6% -47.1% -2.7% 27.7% 57.3% 57.0% 52.2% 55.4% 17.5% -6.7% -18.7% -21.9% 4.3% -21.1%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month
The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
2019
Closed Sales
250 200 150 100 50 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County Month
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Cash Sales
Percent Change Year-over-Year
202 30 53 54 65 48 53 46 49 67 45 61 74 69
-19.8% -56.5% -32.9% 12.5% 16.1% 45.5% 51.4% -2.1% -23.4% -14.1% -40.0% -32.2% -14.9% -26.6%
2019
120
Cash Sales
100 80 60 40 20 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Pct. of Closed Sales Paid in Cash
2016
2017
Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
40.8% 37.0% 36.6% 41.9% 46.4% 38.7% 37.9% 32.2% 33.1% 40.4% 33.3% 43.9% 38.1% 45.1%
-20.3% -18.0% -30.9% -11.8% -26.2% -7.4% -0.3% -37.0% -34.8% -7.8% -26.3% -13.2% -18.6% -7.0%
2019
70% 60% 50% 40% 30% 20% 10% 0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County Month
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.
Median Sale Price
2016
2017
2018
Percent Change Year-over-Year
$255,000 $241,000 $250,000 $272,000 $255,500 $245,000 $261,000 $265,000 $263,000 $261,000 $240,000 $228,000 $238,500 $249,000
-0.9% -3.2% -2.9% 7.7% -5.4% 2.9% -2.3% 0.4% -5.9% 8.8% -2.0% -4.3% 0.6% 1.6%
2019
$300K $250K $200K $150K $100K $50K $0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.
2016
Average Sale Price
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019
Median Sale Price
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Average Sale Price
Percent Change Year-over-Year
$287,492 $266,212 $282,969 $302,353 $290,796 $273,917 $287,743 $278,643 $282,578 $287,472 $287,583 $249,981 $272,379 $275,875
3.8% -3.5% -0.7% 14.2% 4.4% 7.4% -6.7% 1.0% -2.2% 8.2% 7.1% -6.0% 3.6% 4.7%
2019
$350K $300K $250K $200K $150K $100K $50K $0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County Month
Dollar Volume The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Dollar Volume
Percent Change Year-over-Year
$142.3 Million $21.6 Million $41.0 Million $39.0 Million $40.7 Million $34.0 Million $40.3 Million $39.8 Million $41.8 Million $47.7 Million $38.8 Million $34.7 Million $52.8 Million $42.2 Million
4.5% -48.9% -3.4% 45.9% 64.2% 68.6% 42.0% 56.9% 14.8% 0.9% -12.9% -26.6% 8.1% -17.4%
2019
$60 M
Dollar Volume
$50 M $40 M $30 M $20 M $10 M $0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Med. Pct. of Orig. List Price Received
2016
2017
Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.8% 96.5% 97.2% 96.6% 96.9% 96.0% 97.3% 97.2% 97.0% 97.1% 96.9% 97.9% 98.0% 97.0%
-0.1% -0.5% 0.0% -0.5% 1.8% -1.5% 0.1% -0.1% 0.1% -0.1% -0.1% 0.2% 0.7% 0.5%
2019
120% 100% 80% 60% 40% 20% 0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County Month
Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Median Time to Contract
Percent Change Year-over-Year
58 Days 59 Days 62 Days 70 Days 38 Days 37 Days 33 Days 30 Days 36 Days 68 Days 83 Days 55 Days 43 Days 35 Days
81.3% 68.6% 195.2% 55.6% -24.0% 12.1% -29.8% 3.4% 71.4% 70.0% 102.4% 52.8% 38.7% 34.6%
2019
Median Time to Contract
120 100 80 60 40 20 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Median Time to Sale
2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Median Time to Sale
Percent Change Year-over-Year
95 Days 94 Days 98 Days 105 Days 87 Days 82 Days 63 Days 71 Days 75 Days 101 Days 123 Days 91 Days 74 Days 74 Days
37.7% 27.0% 71.9% 38.2% 10.1% 5.1% -26.7% 9.2% 23.0% 31.2% 51.9% 42.2% 13.8% 29.8%
2019
200 150 100 50 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County Month
New Pending Sales The number of listed properties that went under contract during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
New Pending Sales
Percent Change Year-over-Year
508 64 95 170 179 144 111 189 144 177 185 176 198 154
-21.8% -58.4% -53.4% 6.3% 35.6% -25.8% -4.3% 125.0% 5.1% -20.3% 6.9% -8.3% -28.8% -30.3%
2019
Pending Sales
300 250 200 150 100 50 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
New Listings
Percent Change Year-over-Year
689 142 192 171 184 143 151 177 203 228 182 171 145 197
-14.0% -27.9% -3.0% -0.6% -21.4% -8.9% -31.7% 181.0% 36.2% -8.4% 1.1% 19.6% -52.0% -27.0%
2019
350
New Listings
300 250 200 150 100 50 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County Month
Inventory (Active Listings) The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
2016
2017
YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Inventory
Percent Change Year-over-Year
798 891 827 733 740 742 772 746 765 766 737 688 695 793
7.1% 12.4% 15.3% 0.5% -0.3% 23.9% 21.2% 52.2% 40.1% 25.2% 38.3% 31.5% 2.4% 18.0%
2019
1,200
Inventory
1,000 800 600 400 200 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Months Supply of Inventory
2016
2017
YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Months Supply
Percent Change Year-over-Year
6.0 6.3 5.7 5.0 5.1 5.3 5.7 5.6 6.0 6.1 5.8 5.3 5.2 6.0
11.1% 5.0% 7.5% -3.8% -1.9% 29.3% 32.6% 75.0% 71.4% 56.4% 70.6% 55.9% 18.2% 33.3%
2019
10.0 8.0 6.0 4.0 2.0 0.0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County
The number of sales transactions which closed during the month Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. April 2019
Closed Sales
35
Closed Sales
Percent Change Year-over-Year
Less than $50,000
0
-100.0%
$50,000 - $99,999
2
0.0%
$100,000 - $149,999
9
-50.0%
$150,000 - $199,999
22
-26.7%
$200,000 - $249,999
8
-69.2%
$250,000 - $299,999
19
-5.0%
$300,000 - $399,999
7
-78.8%
$400,000 - $599,999
12
-33.3%
$600,000 - $999,999
2
-60.0%
$1,000,000 or more
0
N/A
Sale Price
Closed Sales by Sale Price
April 2020
35
30
30
25
25
20
20
15
15
10
10
5
5
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The median number of days between the listing date and contract date for all Closed Sales during the month
Median Time to Contract
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. April 2019
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
(No Sales)
N/A
$50,000 - $99,999
98 Days
24.1%
$100,000 - $149,999
42 Days
44.8%
$150,000 - $199,999
20 Days
17.6%
$200,000 - $249,999
139 Days
172.5%
$250,000 - $299,999
168 Days
600.0%
$300,000 - $399,999
25 Days
-44.4%
$400,000 - $599,999
31 Days
-55.7%
$600,000 - $999,999
3 Days
-98.9%
$1,000,000 or more
(No Sales)
N/A
Sale Price
Median Time to Contract by Sale Price
300
$300,000 $399,999
April 2020
300
250
250
200
200
150
150
100
100
50
50
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Townhouses and Condos Bay County
New Listings by Initial Listing Price The number of properties put onto the market during the month Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
New Listings
April 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
0
-100.0%
$100,000 - $149,999
9
-18.2%
$150,000 - $199,999
14
-53.3%
$200,000 - $249,999
13
-43.5%
$250,000 - $299,999
29
3.6%
$300,000 - $399,999
36
-37.9%
$400,000 - $599,999
35
-2.8%
$600,000 - $999,999
6
-33.3%
$1,000,000 or more
0
N/A
April 2020
70
70
60
60
50
50
40
40
30
30
20
20
10
10
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
April 2019
Inventory
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
12
300.0%
$100,000 - $149,999
30
7.1%
$150,000 - $199,999
90
-1.1%
$200,000 - $249,999
108
22.7%
$250,000 - $299,999
111
30.6%
$300,000 - $399,999
223
16.1%
$400,000 - $599,999
232
18.4%
$600,000 - $999,999
80
-21.6%
$1,000,000 or more
5
-37.5%
Current Listing Price
Inventory by Current Listing Price
250
$300,000 $399,999
April 2020
250
200
200
150
150
100
100
50
50
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Distressed Market - April 2020 Townhouses and Condos Bay County
Closed Sales
April 2020
April 2019
Percent Change Year-over-Year
80
152
-47.4%
$245,500
$251,500
-2.4%
1
1
0.0%
$188,500
$189,000
-0.3%
0
0
N/A
(No Sales)
(No Sales)
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2016
2017
Traditional
2018
Foreclosure/REO
2019
Short Sale
100%
Closed Sales
98%
96% 94% 92% 90% 88% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A $700K $600K
Median Sale Price
$500K $400K $300K $200K $100K $0K J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
2016
2017
2018
2019
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County April 2020
April 2019
Percent Change Year-over-Year
18
31
-41.9%
8
17
-52.9%
Median Sale Price
$106,675
$101,000
5.6%
Average Sale Price
$103,964
$101,274
2.7%
$1.9 Million
$3.1 Million
-40.4%
94.5%
92.3%
2.4%
Median Time to Contract
36 Days
18 Days
100.0%
Median Time to Sale
72 Days
75 Days
-4.0%
New Pending Sales
23
28
-17.9%
New Listings
18
34
-47.1%
Pending Inventory
27
34
-20.6%
Inventory (Active Listings)
87
68
27.9%
Months Supply of Inventory
4.5
3.3
36.4%
Closed Sales
Percent Change Year-over-Year
74 18 20 19 17 11 20 15 25 18 21 23 27 31
-16.9% -41.9% 17.6% -24.0% 6.3% -42.1% 42.9% 114.3% 108.3% -30.8% -30.0% 27.8% -15.6% 0.0%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month
The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
2019
35
Closed Sales
30 25 20 15 10 5 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County Month
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Cash Sales
Percent Change Year-over-Year
33 8 7 10 8 4 14 8 15 7 10 13 21 17
-32.7% -52.9% -46.2% -23.1% 33.3% -71.4% 75.0% 60.0% 200.0% -46.2% -37.5% 30.0% -8.7% 0.0%
2019
25
Cash Sales
20 15 10 5 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Pct. of Closed Sales Paid in Cash
2016
2017
Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
44.6% 44.4% 35.0% 52.6% 47.1% 36.4% 70.0% 53.3% 60.0% 38.9% 47.6% 56.5% 77.8% 54.8%
-19.1% -19.0% -54.2% 1.2% 25.6% -50.6% 22.6% -25.4% 43.9% -22.2% -10.7% 1.6% 8.2% 0.0%
2019
100% 80% 60% 40% 20% 0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County Month
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.
Median Sale Price
2016
2017
2018
Percent Change Year-over-Year
$106,000 $106,675 $108,500 $119,900 $89,900 $123,500 $54,000 $106,000 $118,000 $114,500 $124,000 $95,000 $75,000 $101,000
6.1% 5.6% 17.3% 33.4% -18.6% 37.4% -22.8% 63.1% 34.9% 27.2% 35.1% 6.1% -11.0% -1.0%
2019
$140K $120K $100K $80K $60K $40K $20K $0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.
2016
Average Sale Price
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019
Median Sale Price
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Average Sale Price
Percent Change Year-over-Year
$105,422 $103,964 $100,559 $120,753 $95,553 $126,991 $89,375 $103,527 $114,576 $122,651 $114,521 $95,696 $86,146 $101,274
9.2% 2.7% 11.9% 31.6% -6.2% 29.8% 12.5% 30.6% 37.9% 29.9% 15.7% -4.7% -13.8% -4.3%
2019
$140K $120K $100K $80K $60K $40K $20K $0K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County
Dollar Volume The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2016
2017
Month
Dollar Volume
Percent Change Year-over-Year
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019
$7.8 Million $1.9 Million $2.0 Million $2.3 Million $1.6 Million $1.4 Million $1.8 Million $1.6 Million $2.9 Million $2.2 Million $2.4 Million $2.2 Million $2.3 Million $3.1 Million
-9.2% -40.4% 31.7% 0.0% -0.4% -24.9% 60.7% 179.9% 187.3% -10.1% -19.0% 21.8% -27.3% -4.3%
2018
2019
$3.5 M
Dollar Volume
$3.0 M $2.5 M $2.0 M $1.5 M $1.0 M $500,000 $0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Med. Pct. of Orig. List Price Received
2016
2017
Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
92.5% 94.5% 86.6% 94.5% 93.0% 97.4% 91.7% 86.5% 91.9% 93.8% 90.8% 91.9% 91.4% 92.3%
1.5% 2.4% -7.2% 10.8% -1.5% 12.5% 0.0% -9.6% 4.2% -1.4% 0.6% 0.1% 0.4% 0.4%
2019
120% 100% 80% 60% 40% 20% 0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County Month
Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Median Time to Contract
Percent Change Year-over-Year
48 Days 36 Days 66 Days 52 Days 44 Days 54 Days 18 Days 45 Days 23 Days 30 Days 19 Days 32 Days 38 Days 18 Days
45.5% 100.0% 144.4% -8.8% -38.9% 54.3% -76.6% 462.5% -57.4% 30.4% -56.8% -42.9% 8.6% -25.0%
2019
Median Time to Contract
200 150 100 50 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Median Time to Sale
2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Median Time to Sale
Percent Change Year-over-Year
81 Days 72 Days 91 Days 101 Days 70 Days 86 Days 39 Days 87 Days 71 Days 71 Days 66 Days 55 Days 64 Days 75 Days
11.0% -4.0% 97.8% 31.2% -30.0% -5.5% -70.2% -17.1% -22.0% 12.7% -38.9% -53.0% -7.2% 29.3%
2019
200 150 100 50 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County Month
New Pending Sales The number of listed properties that went under contract during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
New Pending Sales
Percent Change Year-over-Year
88 23 22 13 30 20 16 17 18 21 23 22 28 28
-10.2% -17.9% -12.0% -43.5% 36.4% 5.3% -40.7% 30.8% -10.0% 5.0% -28.1% 22.2% -6.7% 0.0%
2019
Pending Sales
40 30 20 10 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. 2016
2017
Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
New Listings
Percent Change Year-over-Year
98 18 33 28 19 23 23 40 26 18 32 26 24 34
-19.0% -47.1% 3.1% -20.0% -5.0% 27.8% 15.0% 185.7% 0.0% -45.5% -11.1% -13.3% -11.1% 36.0%
2019
New Listings
50 40 30 20 10 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County Month
Inventory (Active Listings) The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
2016
2017
YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Inventory
Percent Change Year-over-Year
85 87 96 88 70 81 94 85 66 63 68 56 56 68
26.9% 27.9% 35.2% 29.4% 18.6% 26.6% 38.2% 4.9% -25.8% -30.0% -18.1% -30.0% -26.3% -19.0%
2019
140 120
Inventory
100 80 60 40 20 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Month
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Months Supply of Inventory
2016
2017
YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018
Months Supply
Percent Change Year-over-Year
4.0 4.5 4.7 4.3 3.4 3.9 4.4 4.1 3.3 3.3 3.4 2.7 2.8 3.3
25.0% 36.4% 38.2% 38.7% 17.2% 25.8% 41.9% 10.8% -13.2% -10.8% -2.9% -22.9% -15.2% -15.4%
2019
7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County
The number of sales transactions which closed during the month Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. April 2019
Closed Sales
14
Closed Sales
Percent Change Year-over-Year
Less than $50,000
2
-66.7%
$50,000 - $99,999
6
-33.3%
$100,000 - $149,999
7
-41.7%
$150,000 - $199,999
2
100.0%
$200,000 - $249,999
1
-66.7%
$250,000 - $299,999
0
N/A
$300,000 - $399,999
0
N/A
$400,000 - $599,999
0
N/A
$600,000 - $999,999
0
N/A
$1,000,000 or more
0
N/A
Sale Price
Closed Sales by Sale Price
April 2020
14
12
12
10
10
8
8
6
6
4
4
2
2
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The median number of days between the listing date and contract date for all Closed Sales during the month
Median Time to Contract
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. April 2019
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
103 Days
543.8%
$50,000 - $99,999
64 Days
300.0%
$100,000 - $149,999
20 Days
-31.0%
$150,000 - $199,999
6 Days
50.0%
$200,000 - $249,999
15 Days
-16.7%
$250,000 - $299,999
(No Sales)
N/A
$300,000 - $399,999
(No Sales)
N/A
$400,000 - $599,999
(No Sales)
N/A
$600,000 - $999,999
(No Sales)
N/A
$1,000,000 or more
(No Sales)
N/A
Sale Price
Median Time to Contract by Sale Price
120
$300,000 $399,999
April 2020
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Market Detail - April 2020 Manufactured Homes Bay County
New Listings by Initial Listing Price The number of properties put onto the market during the month Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
New Listings
April 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
0
-100.0%
$50,000 - $99,999
3
-72.7%
$100,000 - $149,999
6
-53.8%
$150,000 - $199,999
4
-33.3%
$200,000 - $249,999
5
150.0%
$250,000 - $299,999
0
N/A
$300,000 - $399,999
0
N/A
$400,000 - $599,999
0
N/A
$600,000 - $999,999
0
N/A
$1,000,000 or more
0
N/A
April 2020
14
14
12
12
10
10
8
8
6
6
4
4
2
2
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
April 2019
Inventory
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
3
-62.5%
$50,000 - $99,999
25
31.6%
$100,000 - $149,999
22
15.8%
$150,000 - $199,999
23
64.3%
$200,000 - $249,999
9
50.0%
$250,000 - $299,999
1
-50.0%
$300,000 - $399,999
2
N/A
$400,000 - $599,999
2
N/A
$600,000 - $999,999
0
N/A
$1,000,000 or more
0
N/A
Current Listing Price
Inventory by Current Listing Price
30
$300,000 $399,999
April 2020
30
25
25
20
20
15
15
10
10
5
5
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.
Monthly Distressed Market - April 2020 Manufactured Homes Bay County
Closed Sales
April 2020
April 2019
Percent Change Year-over-Year
16
29
-44.8%
$117,500
$105,000
11.9%
2
2
0.0%
$62,749
$55,500
13.1%
0
0
N/A
(No Sales)
(No Sales)
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2016
2017
Traditional
2018
Foreclosure/REO
2019
Short Sale
100%
90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A $140K $120K
Median Sale Price
$100K $80K $60K $40K $20K $0K J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
2016
2017
2018
2019
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.