Monthly Market Detail - December 2018 Single Family Homes Bay County December 2018
December 2017
Percent Change Year-over-Year
227
261
-13.0%
75
54
38.9%
Median Sale Price
$212,500
$212,000
0.2%
Average Sale Price
$242,551
$235,534
3.0%
$55.1 Million
$61.5 Million
-10.4%
97.6%
96.9%
0.7%
Median Time to Contract
58 Days
42 Days
38.1%
Median Time to Sale
115 Days
90 Days
27.8%
New Pending Sales
249
225
10.7%
New Listings
252
211
19.4%
Pending Inventory
430
329
30.7%
Inventory (Active Listings)
867
1,013
-14.4%
Months Supply of Inventory
3.2
3.7
-13.5%
Closed Sales
Percent Change Year-over-Year
3,263 227 145 97 296 374 352 367 353 287 307 244 214 261
-1.5% -13.0% -37.8% -61.5% 8.8% 13.0% 20.5% 3.7% 9.6% 9.1% 1.0% 3.8% 10.3% 2.4%
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. 2014
2015
2016
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
2018
Closed Sales
400 300 200 100 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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.
2014
2015
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
Cash Sales
Percent Change Year-over-Year
813 75 55 25 69 92 71 87 82 72 75 50 60 54
1.9% 38.9% 5.8% -60.9% -1.4% 3.4% 6.0% 0.0% 22.4% 9.1% 5.6% -26.5% 39.5% -8.5%
2017
2018
100
Cash Sales
80 60 40 20 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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
2014
2015
2016
Month Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
24.9% 33.0% 37.9% 25.8% 23.3% 24.6% 20.2% 23.7% 23.2% 25.1% 24.4% 20.5% 28.0% 20.7%
3.3% 59.4% 70.0% 1.6% -9.3% -8.6% -11.8% -3.7% 11.5% 0.0% 4.3% -29.1% 26.1% -10.4% 2018
40% 30% 20% 10% 0%
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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
2014
2015
2016
Percent Change Year-over-Year
$220,000 $212,500 $230,000 $245,000 $230,000 $228,500 $224,950 $223,500 $220,000 $213,000 $220,000 $205,000 $213,450 $212,000
6.8% 0.2% 8.7% 16.7% 12.2% 6.3% 7.7% 7.8% 2.3% 2.7% 7.8% 7.9% 20.3% 11.6%
2017
2018
$300K $250K $200K $150K $100K $50K $0K
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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.
2014
Average Sale Price
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
Median Sale Price
2015
2016
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Average Sale Price
Percent Change Year-over-Year
$255,426 $242,551 $266,997 $288,468 $263,307 $255,641 $273,513 $262,709 $255,637 $243,664 $246,404 $239,816 $238,922 $235,534
8.6% 3.0% 16.8% 22.5% 14.9% 1.0% 17.5% 6.1% 6.0% 5.8% 1.3% 9.8% 16.7% 5.3% 2018
$350K
$300K $250K $200K $150K $100K $50K $0K
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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. 2014
2015
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
Dollar Volume
Percent Change Year-over-Year
$833.5 Million $55.1 Million $38.7 Million $28.0 Million $77.9 Million $95.6 Million $96.3 Million $96.4 Million $90.2 Million $69.9 Million $75.6 Million $58.5 Million $51.1 Million $61.5 Million
7.0% -10.4% -27.3% -52.8% 25.1% 14.2% 41.7% 10.0% 16.2% 15.5% 2.3% 14.0% 28.7% 7.7%
2017
2018
$120 M
Dollar Volume
$100 M $80 M $60 M $40 M $20 M $0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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
2014
2015
2016
Month Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.9% 97.6% 96.3% 97.6% 97.3% 96.8% 96.3% 97.4% 97.1% 97.3% 96.8% 96.0% 96.1% 96.9%
0.4% 0.7% 0.2% 2.2% 1.2% -0.7% -0.8% 0.5% 0.9% 0.6% 0.0% 0.8% 0.4% 1.4% 2018
120% 100% 80% 60% 40% 20% 0%
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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. 2014
2015
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
Median Time to Contract
Percent Change Year-over-Year
44 Days 58 Days 54 Days 43 Days 38 Days 40 Days 46 Days 40 Days 38 Days 38 Days 49 Days 70 Days 63 Days 42 Days
-17.0% 38.1% 8.0% -20.4% -13.6% 14.3% 15.0% -18.4% -34.5% -36.7% -19.7% -12.5% -25.9% -43.2%
2017
2018
Median Time to Contract
120 100 80 60 40 20 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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
2014
2015
2016
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Median Time to Sale
Percent Change Year-over-Year
94 Days 115 Days 99 Days 89 Days 89 Days 85 Days 97 Days 85 Days 81 Days 80 Days 97 Days 109 Days 115 Days 90 Days
-10.5% 27.8% 6.5% -12.7% -6.3% -1.2% 11.5% -19.8% -27.0% -30.4% -23.6% -15.5% -22.8% -30.8% 2018
200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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. 2014
2015
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
New Pending Sales
Percent Change Year-over-Year
3,722 249 253 147 264 362 359 380 400 356 354 300 298 225
5.6% 10.7% 10.5% -46.5% 22.8% 1.7% 8.5% 27.1% 17.6% 7.2% 1.7% 0.0% 8.4% 6.1%
2017
2018
Pending Sales
500 400 300 200 100 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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. 2014
2015
2016
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
New Listings
Percent Change Year-over-Year
4,231 252 221 126 316 444 417 387 444 410 451 364 399 211
9.7% 19.4% -11.2% -60.4% 4.3% 14.1% 22.3% 8.4% 18.1% 26.2% 28.9% 22.1% 17.4% 7.7% 2018
New Listings
500
400 300 200 100 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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.
2014
2015
YTD (Monthly Avg) December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
Inventory
Percent Change Year-over-Year
1,153 867 934 1,088 1,251 1,286 1,217 1,196 1,278 1,265 1,190 1,151 1,109 1,013
0.6% -14.4% -15.6% -3.8% 11.6% 16.4% 8.2% 1.4% 9.2% 9.6% 0.0% -4.4% -11.8% -16.1%
2017
2018
2,000
Inventory
1,500 1,000 500 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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
2014
2015
2016
YTD (Monthly Avg) December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Months Supply
Percent Change Year-over-Year
4.1 3.2 3.4 3.9 4.2 4.4 4.2 4.2 4.5 4.5 4.3 4.1 4.0 3.7
-4.7% -13.5% -15.0% -4.9% 2.4% 10.0% 0.0% -4.5% 2.3% 2.3% -6.5% -12.8% -20.0% -22.9% 2018
8.0 6.0 4.0 2.0 0.0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 Single Family 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.
Closed Sales
70
December 2017
Closed Sales
Percent Change Year-over-Year
Less than $50,000
12
200.0%
$50,000 - $99,999
22
15.8%
$100,000 - $149,999
24
-36.8%
$150,000 - $199,999
35
-40.7%
$200,000 - $249,999
48
-4.0%
$250,000 - $299,999
29
3.6%
$300,000 - $399,999
34
-20.9%
$400,000 - $599,999
17
0.0%
$600,000 - $999,999
4
100.0%
$1,000,000 or more
2
100.0%
Sale Price
Closed Sales by Sale Price
December 2018
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 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. December 2017
$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
13 Days
-82.7%
$50,000 - $99,999
10 Days
-54.5%
$100,000 - $149,999
48 Days
118.2%
$150,000 - $199,999
52 Days
4.0%
$200,000 - $249,999
81 Days
92.9%
$250,000 - $299,999
41 Days
95.2%
$300,000 - $399,999
49 Days
-22.2%
$400,000 - $599,999
182 Days
163.8%
$600,000 - $999,999
134 Days
112.7%
$1,000,000 or more
86 Days
-85.7%
Sale Price
Median Time to Contract by Sale Price
700
$300,000 $399,999
December 2018
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 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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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
December 2017
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
15
200.0%
$50,000 - $99,999
34
385.7%
$100,000 - $149,999
15
-54.5%
$150,000 - $199,999
45
36.4%
$200,000 - $249,999
40
-20.0%
$250,000 - $299,999
33
-8.3%
$300,000 - $399,999
44
51.7%
$400,000 - $599,999
17
142.9%
$600,000 - $999,999
5
-37.5%
$1,000,000 or more
4
33.3%
December 2018
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
Inventory
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. December 2017
Less than $50,000
$50,000 $99,999
$100,000 $149,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
21
110.0%
$50,000 - $99,999
47
-2.1%
$100,000 - $149,999
30
-66.3%
$150,000 - $199,999
111
-27.0%
$200,000 - $249,999
151
-12.7%
$250,000 - $299,999
130
-5.1%
$300,000 - $399,999
176
6.0%
$400,000 - $599,999
102
-12.8%
$600,000 - $999,999
54
-28.0%
$1,000,000 or more
45
-2.2%
Current Listing Price
Inventory by Current Listing Price
200 180 160 140 120 100 80 60 40 20 0
$300,000 $399,999
December 2018
$150,000 $199,999
$200,000 $249,999
200 180 160 140 120 100 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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Distressed Market - December 2018 Single Family Homes Bay County
Closed Sales
December 2018
December 2017
Percent Change Year-over-Year
221
245
-9.8%
$214,050
$215,000
-0.4%
6
11
-45.5%
$76,130
$149,900
-49.2%
0
5
-100.0%
(No Sales)
$164,100
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2014
2015
Traditional
2016
Foreclosure/REO
2017
2018
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40%
30% 20% 10% 0% J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D $350,000 $300,000
Median Sale Price
$250,000 $200,000 $150,000 $100,000 $50,000 $0 J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
2014
2015
2016
2017
2018
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 Townhouses and Condos Bay County December 2018
December 2017
Percent Change Year-over-Year
79
119
-33.6%
33
57
-42.1%
Median Sale Price
$238,162
$260,000
-8.4%
Average Sale Price
$254,945
$253,223
0.7%
$20.1 Million
$30.1 Million
-33.2%
97.5%
95.9%
1.7%
Median Time to Contract
41 Days
60 Days
-31.7%
Median Time to Sale
78 Days
97 Days
-19.6%
New Pending Sales
194
100
94.0%
New Listings
157
82
91.5%
Pending Inventory
293
108
171.3%
Inventory (Active Listings)
598
589
1.5%
Months Supply of Inventory
4.1
4.3
-4.7%
Closed Sales
Percent Change Year-over-Year
1,753 79 91 92 126 178 166 178 186 194 202 140 121 119
5.4% -33.6% -28.9% -28.1% -12.5% 9.9% 16.1% 5.3% 31.0% 22.0% 23.2% 15.7% 44.0% 14.4%
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. 2014
2015
2016
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
2018
Closed Sales
250
200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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.
2014
2015
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
Cash Sales
Percent Change Year-over-Year
851 33 35 47 64 78 75 90 87 94 109 72 67 57
7.2% -42.1% -46.2% -33.8% 3.2% -8.2% 10.3% 21.6% 19.2% 54.1% 38.0% 35.8% 45.7% 18.8%
2017
2018
120
Cash Sales
100 80 60 40 20 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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
2014
2015
2016
Month Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
48.5% 41.8% 38.5% 51.1% 50.8% 43.8% 45.2% 50.6% 46.8% 48.5% 54.0% 51.4% 55.4% 47.9%
1.7% -12.7% -24.2% -7.9% 17.9% -16.6% -5.0% 15.5% -8.9% 26.3% 12.0% 17.4% 1.1% 3.7% 2018
70%
60% 50% 40% 30% 20% 10% 0%
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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
2014
2015
2016
Percent Change Year-over-Year
$245,000 $238,162 $266,000 $264,000 $279,500 $240,000 $245,000 $238,162 $237,081 $245,000 $270,500 $220,000 $245,000 $260,000
8.9% -8.4% 4.3% 33.3% 25.9% -4.0% 14.0% 19.1% 6.8% 6.5% 11.0% 0.5% 20.7% 10.4%
2017
2018
$300K $250K $200K $150K $100K $50K $0K
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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.
2014
Average Sale Price
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
Median Sale Price
2015
2016
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Average Sale Price
Percent Change Year-over-Year
$269,353 $254,945 $306,163 $276,003 $289,036 $265,675 $268,549 $265,818 $262,846 $263,463 $281,721 $239,644 $270,408 $253,223
10.3% 0.7% 13.1% 18.4% 19.4% 2.8% 6.0% 16.3% 7.9% 13.8% 11.2% 4.6% 19.2% 1.8% 2018
$350K
$300K $250K $200K $150K $100K $50K $0K
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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. 2014
2015
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
Dollar Volume
Percent Change Year-over-Year
$472.2 Million $20.1 Million $27.9 Million $25.4 Million $36.4 Million $47.3 Million $44.6 Million $47.3 Million $48.9 Million $51.1 Million $56.9 Million $33.6 Million $32.7 Million $30.1 Million
16.3% -33.2% -19.6% -14.9% 4.5% 13.0% 23.1% 22.5% 41.4% 38.9% 36.9% 21.0% 71.7% 16.5%
2017
2018
$60 M
Dollar Volume
$50 M $40 M $30 M $20 M $10 M $0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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
2014
2015
2016
Month Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.9% 97.5% 97.1% 97.3% 96.9% 97.2% 97.0% 97.7% 97.3% 96.5% 96.8% 96.4% 96.0% 95.9%
1.4% 1.7% 1.8% 1.0% 1.4% 1.0% 1.8% 2.2% 1.2% 1.0% 2.3% 0.9% 1.1% 0.9% 2018
120% 100% 80% 60% 40% 20% 0%
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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. 2014
2015
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
Median Time to Contract
Percent Change Year-over-Year
36 Days 41 Days 47 Days 29 Days 21 Days 40 Days 41 Days 36 Days 31 Days 26 Days 43 Days 62 Days 60 Days 60 Days
-47.1% -31.7% -41.3% -58.0% -64.4% -16.7% -32.8% -26.5% -53.7% -64.4% -61.3% -31.9% -22.1% -41.7%
2017
2018
Median Time to Contract
120 100 80 60 40 20 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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
2014
2015
2016
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Median Time to Sale
Percent Change Year-over-Year
71 Days 78 Days 87 Days 65 Days 61 Days 77 Days 81 Days 64 Days 65 Days 57 Days 71 Days 88 Days 91 Days 97 Days
-31.7% -19.6% -20.2% -42.0% -34.4% -8.3% -12.9% -22.9% -32.3% -39.4% -53.3% -28.5% -12.5% -30.2% 2018
200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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. 2014
2015
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
New Pending Sales
Percent Change Year-over-Year
2,175 194 114 84 137 222 173 192 278 221 202 184 174 100
23.2% 94.0% -11.6% -40.4% 18.1% 37.0% 8.1% 12.9% 93.1% 38.1% 8.6% 15.7% 25.2% 17.6%
2017
2018
Pending Sales
300 250 200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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. 2014
2015
2016
Year-to-Date December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
New Listings
Percent Change Year-over-Year
2,361 157 221 63 149 249 180 143 302 270 252 177 198 82
27.7% 91.5% 38.1% -56.8% 22.1% 34.6% 28.6% -18.8% 52.5% 55.2% 50.9% 10.6% 42.4% -19.6% 2018
350
New Listings
300 250 200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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.
2014
2015
YTD (Monthly Avg) December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017
2016
Inventory
Percent Change Year-over-Year
592 598 637 490 546 612 533 523 679 672 582 593 636 589
-17.0% 1.5% -5.1% -25.9% -19.1% -12.9% -22.9% -30.5% -12.9% -5.2% -21.6% -23.5% -21.6% -30.3%
2017
2018
1,200
Inventory
1,000 800 600 400 200 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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
2014
2015
2016
YTD (Monthly Avg) December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 2017
Months Supply
Percent Change Year-over-Year
3.9 4.1 4.3 3.2 3.5 3.9 3.4 3.4 4.4 4.5 4.0 4.1 4.5 4.3
-31.6% -4.7% -12.2% -34.7% -30.0% -27.8% -37.0% -43.3% -31.3% -23.7% -36.5% -40.6% -38.4% -43.4% 2018
10.0
8.0 6.0 4.0 2.0 0.0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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.
Closed Sales
30
December 2017
Closed Sales
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
2
-66.7%
$100,000 - $149,999
7
-63.2%
$150,000 - $199,999
25
38.9%
$200,000 - $249,999
10
-33.3%
$250,000 - $299,999
7
-68.2%
$300,000 - $399,999
20
-20.0%
$400,000 - $599,999
8
-42.9%
$600,000 - $999,999
0
N/A
$1,000,000 or more
0
N/A
Sale Price
Closed Sales by Sale Price
December 2018
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. December 2017
Less than $50,000
$50,000 $99,999
$100,000 $149,999
$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
(No Sales)
N/A
$50,000 - $99,999
41 Days
-34.9%
$100,000 - $149,999
130 Days
622.2%
$150,000 - $199,999
5 Days
-89.4%
$200,000 - $249,999
11 Days
-75.6%
$250,000 - $299,999
70 Days
-51.4%
$300,000 - $399,999
55 Days
-38.2%
$400,000 - $599,999
48 Days
-17.2%
$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
December 2018
$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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Market Detail - December 2018 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
December 2017
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
1
N/A
$100,000 - $149,999
6
-60.0%
$150,000 - $199,999
22
22.2%
$200,000 - $249,999
14
16.7%
$250,000 - $299,999
12
20.0%
$300,000 - $399,999
44
175.0%
$400,000 - $599,999
50
525.0%
$600,000 - $999,999
8
166.7%
$1,000,000 or more
0
N/A
December 2018
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
Inventory
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. December 2017
Less than $50,000
$50,000 $99,999
$100,000 $149,999
$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
4
-78.9%
$100,000 - $149,999
24
-60.7%
$150,000 - $199,999
61
-39.0%
$200,000 - $249,999
49
-38.8%
$250,000 - $299,999
75
-11.8%
$300,000 - $399,999
157
31.9%
$400,000 - $599,999
169
87.8%
$600,000 - $999,999
58
75.8%
$1,000,000 or more
1
-50.0%
Current Listing Price
Inventory by Current Listing Price
180 160 140 120 100 80 60 40 20 0
$300,000 $399,999
December 2018
$150,000 $199,999
$200,000 $249,999
180 160 140 120 100 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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.
Monthly Distressed Market - December 2018 Townhouses and Condos Bay County
Closed Sales
December 2018
December 2017
Percent Change Year-over-Year
78
116
-32.8%
$235,331
$260,500
-9.7%
1
3
-66.7%
$465,400
$94,000
395.1%
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
2014
2015
Traditional
2016
Foreclosure/REO
2017
2018
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40%
30% 20% 10% 0% J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D $700,000 $600,000
Median Sale Price
$500,000 $400,000 $300,000 $200,000 $100,000 $0 J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D
2014
2015
2016
2017
2018
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 Tuesday, January 22, 2019. Next data release is Thursday, February 21, 2019.