Monthly Market Report Bay County March 2020

Page 1

Monthly Market Detail - February 2020 Single Family Homes Bay County February 2020

February 2019

Percent Change Year-over-Year

300

290

3.4%

75

90

-16.7%

Median Sale Price

$267,000

$215,000

24.2%

Average Sale Price

$277,964

$227,823

22.0%

$83.4 Million

$66.1 Million

26.2%

96.2%

99.2%

-3.0%

Median Time to Contract

46 Days

33 Days

39.4%

Median Time to Sale

93 Days

88 Days

5.7%

New Pending Sales

378

352

7.4%

New Listings

420

362

16.0%

Pending Inventory

515

538

-4.3%

Inventory (Active Listings)

1,199

868

38.1%

Months Supply of Inventory

3.5

3.1

12.9%

Closed Sales

Percent Change Year-over-Year

581 300 281 305 289 348 357 378 420 368 380 349 392 290

3.8% 3.4% 4.1% 34.4% 99.3% 258.8% 20.6% 1.1% 19.3% 0.3% 7.6% 21.6% 27.7% 18.9%

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Cash Sales

Percent Change Year-over-Year

154 75 79 69 82 88 86 84 92 93 130 100 123 90

-18.9% -16.7% -21.0% -8.0% 49.1% 252.0% 24.6% -8.7% 29.6% 6.9% 58.5% 38.9% 64.0% 80.0%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

26.5% 25.0% 28.1% 22.6% 28.4% 25.3% 24.1% 22.2% 21.9% 25.3% 34.2% 28.7% 31.4% 31.0%

-21.8% -19.4% -24.1% -31.5% -25.1% -1.9% 3.4% -9.8% 8.4% 6.8% 47.4% 14.3% 28.7% 51.2%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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

$244,000 $267,000 $225,000 $246,250 $238,025 $235,788 $242,000 $230,000 $235,000 $230,013 $218,500 $221,000 $223,000 $215,000

14.0% 24.2% 7.1% 15.9% 3.5% -3.8% 5.2% 0.7% 4.5% 2.9% -0.7% 3.8% 1.4% 4.9%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019

Median Sale Price

2017

Year-to-Date February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Average Sale Price

Percent Change Year-over-Year

$263,660 $277,964 $248,389 $271,117 $266,949 $254,680 $270,891 $284,763 $252,428 $258,764 $240,713 $235,187 $230,629 $227,823

14.4% 22.0% 6.5% 11.8% 0.0% -11.7% 2.9% 11.4% -7.7% -1.5% -5.8% -3.5% -6.4% -5.0%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Dollar Volume

Percent Change Year-over-Year

$153.2 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 $90.4 Million $66.1 Million

18.7% 26.2% 10.8% 50.2% 99.3% 216.7% 24.1% 12.6% 10.1% -1.2% 1.4% 17.4% 19.5% 12.9%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Med. Pct. of Orig. List Price Received

Percent Change Year-over-Year

95.9% 96.2% 95.8% 97.0% 96.9% 97.1% 97.7% 98.0% 98.2% 98.3% 98.3% 97.6% 99.1% 99.2%

-2.9% -3.0% -2.5% -0.6% 0.6% -0.5% 0.4% 1.2% 2.0% 0.9% 1.2% 0.3% 2.4% 3.3%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Median Time to Contract

Percent Change Year-over-Year

43 Days 46 Days 42 Days 35 Days 23 Days 21 Days 28 Days 22 Days 26 Days 22 Days 16 Days 21 Days 22 Days 33 Days

26.5% 39.4% 20.0% -39.7% -57.4% -51.2% -26.3% -45.0% -43.5% -45.0% -57.9% -44.7% -55.1% -52.9%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Median Time to Sale

Percent Change Year-over-Year

97 Days 93 Days 99 Days 84 Days 69 Days 66 Days 79 Days 70 Days 72 Days 74 Days 67 Days 62 Days 68 Days 88 Days

9.0% 5.7% 10.0% -28.2% -30.3% -25.8% -11.2% -17.6% -25.8% -12.9% -17.3% -22.5% -29.9% -19.3%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

New Pending Sales

Percent Change Year-over-Year

747 378 369 224 275 320 304 388 398 437 408 390 394 352

2.2% 7.4% -2.6% -10.0% 9.1% 117.7% 15.2% 7.2% 10.9% 15.0% 2.0% 9.6% 11.3% 17.3%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

New Listings

Percent Change Year-over-Year

836 420 416 328 349 474 460 479 444 450 527 462 405 362

14.5% 16.0% 13.0% 30.2% 57.2% 276.2% 45.6% 7.9% 6.5% 16.3% 18.7% 12.7% -10.2% -0.5%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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) February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Inventory

Percent Change Year-over-Year

1,175 1,199 1,150 1,085 1,213 1,170 1,068 1,042 979 956 991 886 844 868

32.6% 38.1% 27.2% 24.6% 28.8% 7.5% -14.6% -19.0% -19.6% -20.1% -22.5% -30.0% -29.1% -24.6%

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

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) February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Months Supply

Percent Change Year-over-Year

3.4 3.5 3.3 3.1 3.6 3.6 3.5 3.5 3.3 3.2 3.4 3.0 2.9 3.1

6.2% 12.9% 0.0% -3.1% 5.9% -7.7% -16.7% -20.5% -21.4% -23.8% -24.4% -33.3% -32.6% -24.4%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 2020 Single Family Homes Bay County

Closed Sales by Sale Price 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. February 2019

80 70 60 50 40 30 20 10 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

Median Time to Contract

7

-68.2%

$50,000 - $99,999

19

-20.8%

$100,000 - $149,999

17

-29.2%

$150,000 - $199,999

39

-27.8%

$200,000 - $249,999

55

-9.8%

$250,000 - $299,999

64

64.1%

$300,000 - $399,999

73

55.3%

$400,000 - $599,999

17

6.3%

$600,000 - $999,999

6

200.0%

$1,000,000 or more

3

200.0%

February 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

18 Days

200.0%

$50,000 - $99,999

28 Days

250.0%

$100,000 - $149,999

36 Days

176.9%

$150,000 - $199,999

38 Days

-11.6%

$200,000 - $249,999

29 Days

-27.5%

$250,000 - $299,999

94 Days

118.6%

$300,000 - $399,999

58 Days

-18.3%

$400,000 - $599,999

41 Days

115.8%

$600,000 - $999,999

150 Days

158.6%

$1,000,000 or more

7 Days

250.0%

Sale Price

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.

$50,000 $99,999

Less than $50,000

80 70 60 50 40 30 20 10 0

The median number of days between the listing date and contract date for all Closed Sales during the month

Less than $50,000

Percent Change Year-over-Year

February 2020

Median Time to Contract by Sale Price

160 140 120 100 80 60 40 20 0

Closed Sales

Sale Price

February 2020

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

160 140 120 100 80 60 40 20 0 $250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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

February 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

12

-52.0%

$50,000 - $99,999

19

-47.2%

$100,000 - $149,999

23

15.0%

$150,000 - $199,999

75

11.9%

$200,000 - $249,999

71

26.8%

$250,000 - $299,999

63

5.0%

$300,000 - $399,999

99

86.8%

$400,000 - $599,999

40

29.0%

$600,000 - $999,999

11

83.3%

$1,000,000 or more

7

-12.5%

February 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. February 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

13

-40.9%

$50,000 - $99,999

42

5.0%

$100,000 - $149,999

66

78.4%

$150,000 - $199,999

182

82.0%

$200,000 - $249,999

207

76.9%

$250,000 - $299,999

208

50.7%

$300,000 - $399,999

243

26.6%

$400,000 - $599,999

117

2.6%

$600,000 - $999,999

67

34.0%

$1,000,000 or more

54

-6.9%

Current Listing Price

Inventory by Current Listing Price

300

$300,000 $399,999

February 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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Distressed Market - February 2020 Single Family Homes Bay County

Closed Sales

February 2020

February 2019

Percent Change Year-over-Year

298

279

6.8%

$268,439

$219,000

22.6%

2

10

-80.0%

$51,750

$177,210

-70.8%

0

1

-100.0%

(No Sales)

$158,000

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 $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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 2020 Townhouses and Condos Bay County February 2020

February 2019

Percent Change Year-over-Year

129

101

27.7%

54

48

12.5%

Median Sale Price

$272,000

$252,500

7.7%

Average Sale Price

$302,353

$264,769

14.2%

$39.0 Million

$26.7 Million

45.9%

96.6%

97.1%

-0.5%

Median Time to Contract

70 Days

45 Days

55.6%

Median Time to Sale

105 Days

76 Days

38.2%

New Pending Sales

170

160

6.3%

New Listings

171

172

-0.6%

Pending Inventory

411

327

25.7%

Inventory (Active Listings)

733

729

0.5%

Months Supply of Inventory

5.0

5.2

-3.8%

Closed Sales

Percent Change Year-over-Year

269 129 140 124 140 143 148 166 135 139 194 153 149 101

41.6% 27.7% 57.3% 57.0% 52.2% 55.4% 17.5% -6.7% -18.7% -21.9% 4.3% -21.1% -26.2% -27.9%

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Cash Sales

Percent Change Year-over-Year

119 54 65 48 53 46 49 67 45 61 74 69 79 48

14.4% 12.5% 16.1% 45.5% 51.4% -2.1% -23.4% -14.1% -40.0% -32.2% -14.9% -26.6% -27.5% -33.3%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

44.2% 41.9% 46.4% 38.7% 37.9% 32.2% 33.1% 40.4% 33.3% 43.9% 38.1% 45.1% 53.0% 47.5%

-19.2% -11.8% -26.2% -7.4% -0.3% -37.0% -34.8% -7.8% -26.3% -13.2% -18.6% -7.0% -1.9% -7.6%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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

$265,000 $272,000 $255,500 $245,000 $261,000 $265,000 $263,000 $261,000 $240,000 $228,000 $238,500 $249,000 $257,500 $252,500

2.7% 7.7% -5.4% 2.9% -2.3% 0.4% -5.9% 8.8% -2.0% -4.3% 0.6% 1.6% -4.8% 14.8%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019

Median Sale Price

2017

Year-to-Date February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Average Sale Price

Percent Change Year-over-Year

$296,338 $302,353 $290,796 $273,917 $287,743 $278,643 $282,578 $287,472 $287,583 $249,981 $272,379 $275,875 $285,103 $264,769

9.2% 14.2% 4.4% 7.4% -6.7% 1.0% -2.2% 8.2% 7.1% -6.0% 3.6% 4.7% 1.2% 10.5%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Dollar Volume

Percent Change Year-over-Year

$79.7 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 $42.5 Million $26.7 Million

54.7% 45.9% 64.2% 68.6% 42.0% 56.9% 14.8% 0.9% -12.9% -26.6% 8.1% -17.4% -25.4% -20.3%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Med. Pct. of Orig. List Price Received

Percent Change Year-over-Year

96.7% 96.6% 96.9% 96.0% 97.3% 97.2% 97.0% 97.1% 96.9% 97.9% 98.0% 97.0% 97.2% 97.1%

0.5% -0.5% 1.8% -1.5% 0.1% -0.1% 0.1% -0.1% -0.1% 0.2% 0.7% 0.5% 0.4% 0.7%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Median Time to Contract

Percent Change Year-over-Year

56 Days 70 Days 38 Days 37 Days 33 Days 30 Days 36 Days 68 Days 83 Days 55 Days 43 Days 35 Days 21 Days 45 Days

21.7% 55.6% -24.0% 12.1% -29.8% 3.4% 71.4% 70.0% 102.4% 52.8% 38.7% 34.6% -51.2% -27.4%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Median Time to Sale

Percent Change Year-over-Year

91 Days 105 Days 87 Days 82 Days 63 Days 71 Days 75 Days 101 Days 123 Days 91 Days 74 Days 74 Days 57 Days 76 Days

18.2% 38.2% 10.1% 5.1% -26.7% 9.2% 23.0% 31.2% 51.9% 42.2% 13.8% 29.8% -19.7% -13.6%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

New Pending Sales

Percent Change Year-over-Year

349 170 179 144 111 189 144 177 185 176 198 154 204 160

19.5% 6.3% 35.6% -25.8% -4.3% 125.0% 5.1% -20.3% 6.9% -8.3% -28.8% -30.3% 1.0% -13.0%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

New Listings

Percent Change Year-over-Year

355 171 184 143 151 177 203 228 182 171 145 197 198 172

-12.6% -0.6% -21.4% -8.9% -31.7% 181.0% 36.2% -8.4% 1.1% 19.6% -52.0% -27.0% -21.4% -2.8%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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) February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Inventory

Percent Change Year-over-Year

737 733 740 742 772 746 765 766 737 688 695 793 717 729

0.1% 0.5% -0.3% 23.9% 21.2% 52.2% 40.1% 25.2% 38.3% 31.5% 2.4% 18.0% 23.2% 22.9%

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

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) February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Months Supply

Percent Change Year-over-Year

5.1 5.0 5.1 5.3 5.7 5.6 6.0 6.1 5.8 5.3 5.2 6.0 5.3 5.2

-1.9% -3.8% -1.9% 29.3% 32.6% 75.0% 71.4% 56.4% 70.6% 55.9% 18.2% 33.3% 32.5% 26.8%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 2020 Townhouses and Condos Bay County

Closed Sales by Sale Price 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. February 2019

Closed Sales

35

Closed Sales

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

1

-66.7%

$100,000 - $149,999

16

-20.0%

$150,000 - $199,999

15

-16.7%

$200,000 - $249,999

24

166.7%

$250,000 - $299,999

20

33.3%

$300,000 - $399,999

31

29.2%

$400,000 - $599,999

19

72.7%

$600,000 - $999,999

2

100.0%

$1,000,000 or more

1

N/A

Sale Price

February 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. February 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

36 Days

-67.6%

$100,000 - $149,999

15 Days

-6.3%

$150,000 - $199,999

66 Days

94.1%

$200,000 - $249,999

72 Days

-62.5%

$250,000 - $299,999

36 Days

-72.5%

$300,000 - $399,999

116 Days

127.5%

$400,000 - $599,999

79 Days

426.7%

$600,000 - $999,999

119 Days

-55.8%

$1,000,000 or more

575 Days

N/A

Sale Price

Median Time to Contract by Sale Price

700

$300,000 $399,999

February 2020

700

600

600

500

500

400

400

300

300

200

200

100

100

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 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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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

February 2019

New Listings

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

2

100.0%

$100,000 - $149,999

10

-37.5%

$150,000 - $199,999

32

14.3%

$200,000 - $249,999

28

75.0%

$250,000 - $299,999

28

33.3%

$300,000 - $399,999

33

-23.3%

$400,000 - $599,999

25

-19.4%

$600,000 - $999,999

12

-25.0%

$1,000,000 or more

1

N/A

February 2020

50 45 40 35 30 25 20 15 10 5 0

50 45 40 35 30 25 20 15 10 5 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. February 2019

250

$300,000 $399,999

$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

10

400.0%

$100,000 - $149,999

30

0.0%

$150,000 - $199,999

97

27.6%

$200,000 - $249,999

88

29.4%

$250,000 - $299,999

67

-5.6%

$300,000 - $399,999

186

-6.5%

$400,000 - $599,999

188

2.2%

$600,000 - $999,999

60

-33.3%

$1,000,000 or more

7

-22.2%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

February 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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Distressed Market - February 2020 Townhouses and Condos Bay County

Closed Sales

February 2020

February 2019

Percent Change Year-over-Year

128

101

26.7%

$273,500

$252,500

8.3%

1

0

N/A

$158,000

(No Sales)

N/A

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 $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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 2020 Manufactured Homes Bay County February 2020

February 2019

Percent Change Year-over-Year

19

25

-24.0%

10

13

-23.1%

Median Sale Price

$119,900

$89,900

33.4%

Average Sale Price

$120,753

$91,736

31.6%

$2.3 Million

$2.3 Million

0.0%

94.5%

85.3%

10.8%

Median Time to Contract

52 Days

57 Days

-8.8%

Median Time to Sale

101 Days

77 Days

31.2%

New Pending Sales

13

23

-43.5%

New Listings

28

35

-20.0%

Pending Inventory

25

34

-26.5%

Inventory (Active Listings)

88

68

29.4%

Months Supply of Inventory

4.3

3.1

38.7%

Closed Sales

Percent Change Year-over-Year

36 19 17 11 20 15 25 18 21 23 27 31 17 25

-12.2% -24.0% 6.3% -42.1% 42.9% 114.3% 108.3% -30.8% -30.0% 27.8% -15.6% 0.0% -43.3% 108.3%

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Cash Sales

Percent Change Year-over-Year

18 10 8 4 14 8 15 7 10 13 21 17 13 13

-5.3% -23.1% 33.3% -71.4% 75.0% 60.0% 200.0% -46.2% -37.5% 30.0% -8.7% 0.0% -27.8% 44.4%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

50.0% 52.6% 47.1% 36.4% 70.0% 53.3% 60.0% 38.9% 47.6% 56.5% 77.8% 54.8% 76.5% 52.0%

8.0% 1.2% 25.6% -50.6% 22.6% -25.4% 43.9% -22.2% -10.7% 1.6% 8.2% 0.0% 27.5% -30.7%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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

$105,000 $119,900 $89,900 $123,500 $54,000 $106,000 $118,000 $114,500 $124,000 $95,000 $75,000 $101,000 $92,500 $89,900

5.0% 33.4% -18.6% 37.4% -22.8% 63.1% 34.9% 27.2% 35.1% 6.1% -11.0% -1.0% -11.3% 9.6%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019

Median Sale Price

2017

Year-to-Date February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Average Sale Price

Percent Change Year-over-Year

$108,853 $120,753 $95,553 $126,991 $89,375 $103,527 $114,576 $122,651 $114,521 $95,696 $86,146 $101,274 $89,850 $91,736

13.7% 31.6% -6.2% 29.8% 12.5% 30.6% 37.9% 29.9% 15.7% -4.7% -13.8% -4.3% -8.8% 5.5%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019

$3.9 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 $1.5 Million $2.3 Million

-0.1% 0.0% -0.4% -24.9% 60.7% 179.9% 187.3% -10.1% -19.0% 21.8% -27.3% -4.3% -48.3% 119.8%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Med. Pct. of Orig. List Price Received

Percent Change Year-over-Year

93.2% 94.5% 93.0% 97.4% 91.7% 86.5% 91.9% 93.8% 90.8% 91.9% 91.4% 92.3% 93.3% 85.3%

3.1% 10.8% -1.5% 12.5% 0.0% -9.6% 4.2% -1.4% 0.6% 0.1% 0.4% 0.4% -2.1% -6.2%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Median Time to Contract

Percent Change Year-over-Year

48 Days 52 Days 44 Days 54 Days 18 Days 45 Days 23 Days 30 Days 19 Days 32 Days 38 Days 18 Days 27 Days 57 Days

-22.6% -8.8% -38.9% 54.3% -76.6% 462.5% -57.4% 30.4% -56.8% -42.9% 8.6% -25.0% 28.6% 29.5%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Median Time to Sale

Percent Change Year-over-Year

80 Days 101 Days 70 Days 86 Days 39 Days 87 Days 71 Days 71 Days 66 Days 55 Days 64 Days 75 Days 46 Days 77 Days

2.6% 31.2% -30.0% -5.5% -70.2% -17.1% -22.0% 12.7% -38.9% -53.0% -7.2% 29.3% -13.2% -28.0%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

New Pending Sales

Percent Change Year-over-Year

43 13 30 20 16 17 18 21 23 22 28 28 25 23

-4.4% -43.5% 36.4% 5.3% -40.7% 30.8% -10.0% 5.0% -28.1% 22.2% -6.7% 0.0% -24.2% -17.9%

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

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 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

New Listings

Percent Change Year-over-Year

47 28 19 23 23 40 26 18 32 26 24 34 32 35

-14.5% -20.0% -5.0% 27.8% 15.0% 185.7% 0.0% -45.5% -11.1% -13.3% -11.1% 36.0% -20.0% 29.6%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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) February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Inventory

Percent Change Year-over-Year

79 88 70 81 94 85 66 63 68 56 56 68 71 68

23.4% 29.4% 18.6% 26.6% 38.2% 4.9% -25.8% -30.0% -18.1% -30.0% -26.3% -19.0% -19.3% -22.7%

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

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) February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 2018

Months Supply

Percent Change Year-over-Year

3.9 4.3 3.4 3.9 4.4 4.1 3.3 3.3 3.4 2.7 2.8 3.3 3.4 3.1

30.0% 38.7% 17.2% 25.8% 41.9% 10.8% -13.2% -10.8% -2.9% -22.9% -15.2% -15.4% -19.0% -26.2%

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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 2020 Manufactured Homes Bay County

Closed Sales by Sale Price 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. February 2019

Closed Sales

12

Closed Sales

Percent Change Year-over-Year

Less than $50,000

3

-40.0%

$50,000 - $99,999

3

-62.5%

$100,000 - $149,999

7

-30.0%

$150,000 - $199,999

5

150.0%

$200,000 - $249,999

1

N/A

$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

February 2020

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. February 2019

Less than $50,000

$50,000 $99,999

$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

3 Days

-62.5%

$50,000 - $99,999

105 Days

64.1%

$100,000 - $149,999

33 Days

-63.3%

$150,000 - $199,999

142 Days

7.6%

$200,000 - $249,999

17 Days

N/A

$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

160 140 120 100 80 60 40 20 0

$300,000 $399,999

February 2020

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

160 140 120 100 80 60 40 20 0 $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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Market Detail - February 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

February 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

3

-66.7%

$50,000 - $99,999

5

-44.4%

$100,000 - $149,999

11

-8.3%

$150,000 - $199,999

7

133.3%

$200,000 - $249,999

1

0.0%

$250,000 - $299,999

1

0.0%

$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

February 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. February 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

9

-30.8%

$50,000 - $99,999

28

33.3%

$100,000 - $149,999

26

44.4%

$150,000 - $199,999

17

54.5%

$200,000 - $249,999

5

66.7%

$250,000 - $299,999

2

0.0%

$300,000 - $399,999

1

N/A

$400,000 - $599,999

0

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

February 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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Monthly Distressed Market - February 2020 Manufactured Homes Bay County

Closed Sales

February 2020

February 2019

Percent Change Year-over-Year

17

24

-29.2%

$130,000

$94,950

36.9%

2

1

100.0%

$104,950

$70,500

48.9%

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 $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

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.