Monthly Marketing Report Bay County August 2020

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

August 2019

Percent Change Year-over-Year

404

378

6.9%

85

84

1.2%

Median Sale Price

$242,250

$230,000

5.3%

Average Sale Price

$311,367

$284,763

9.3%

$125.8 Million

$107.6 Million

16.9%

96.2%

98.0%

-1.8%

Median Time to Contract

55 Days

22 Days

150.0%

Median Time to Sale

96 Days

70 Days

37.1%

New Pending Sales

478

388

23.2%

New Listings

435

479

-9.2%

Pending Inventory

698

583

19.7%

Inventory (Active Listings)

1,021

1,042

-2.0%

Months Supply of Inventory

3.0

3.5

-14.3%

Closed Sales

Percent Change Year-over-Year

2,779 404 453 460 287 252 342 300 281 305 289 348 357 378

-2.4% 6.9% 7.9% 25.0% -24.5% -27.8% -12.8% 3.4% 4.1% 34.4% 99.3% 258.8% 20.6% 1.1%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

Month

The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.

2016

2017

2018

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

2020

Closed Sales

500 400 300 200 100 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Cash Sales

Percent Change Year-over-Year

629 85 90 97 71 54 78 75 79 69 82 88 86 84

-22.5% 1.2% -2.2% 4.3% -45.4% -46.0% -36.6% -16.7% -21.0% -8.0% 49.1% 252.0% 24.6% -8.7%

2019

2020

140

Cash Sales

120 100 80 60 40 20 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

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

2018

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

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

22.6% 21.0% 19.9% 21.1% 24.7% 21.4% 22.8% 25.0% 28.1% 22.6% 28.4% 25.3% 24.1% 22.2%

-20.7% -5.4% -9.1% -16.6% -27.8% -25.4% -27.4% -19.4% -24.1% -31.5% -25.1% -1.9% 3.4% -9.8%

2019

2020

40% 30% 20% 10% 0%

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 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 $242,250 $252,000 $244,000 $233,500 $239,000 $239,950 $267,000 $225,000 $246,250 $238,025 $235,788 $242,000 $230,000

8.7% 5.3% 7.2% 6.1% 6.9% 8.1% 7.6% 24.2% 7.1% 15.9% 3.5% -3.8% 5.2% 0.7%

2019

2020

$300K $250K $200K $150K $100K $50K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.

2016

Average Sale Price

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

Median Sale Price

2017

2018

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

Average Sale Price

Percent Change Year-over-Year

$277,251 $311,367 $288,809 $284,517 $241,425 $282,210 $261,368 $277,964 $248,389 $271,117 $266,949 $254,680 $270,891 $284,763

12.5% 9.3% 14.4% 10.0% 0.3% 20.0% 13.3% 22.0% 6.5% 11.8% 0.0% -11.7% 2.9% 11.4%

2019

2020

$350K $300K $250K $200K $150K $100K $50K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Dollar Volume

Percent Change Year-over-Year

$770.5 Million $125.8 Million $130.8 Million $130.9 Million $69.3 Million $71.1 Million $89.4 Million $83.4 Million $69.8 Million $82.7 Million $77.1 Million $88.6 Million $96.7 Million $107.6 Million

9.8% 16.9% 23.4% 37.4% -24.3% -13.4% -1.1% 26.2% 10.8% 50.2% 99.3% 216.7% 24.1% 12.6%

2019

2020

$140 M

Dollar Volume

$120 M $100 M $80 M $60 M $40 M $20 M $0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.

Med. Pct. of Orig.

List Price Received

2016

2017

2018

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

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

96.1% 96.2% 96.6% 96.0% 95.4% 96.0% 96.0% 96.2% 95.8% 97.0% 96.9% 97.1% 97.7% 98.0%

-2.3% -1.8% -1.6% -2.3% -3.0% -1.6% -3.1% -3.0% -2.5% -0.6% 0.6% -0.5% 0.4% 1.2%

2019

2020

120% 100% 80% 60%

40% 20% 0%

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Median Time to Contract

Percent Change Year-over-Year

45 Days 55 Days 51 Days 46 Days 42 Days 36 Days 37 Days 46 Days 42 Days 35 Days 23 Days 21 Days 28 Days 22 Days

95.7% 150.0% 96.2% 109.1% 162.5% 71.4% 68.2% 39.4% 20.0% -39.7% -57.4% -51.2% -26.3% -45.0%

2019

2020

Median Time to Contract

120 100 80 60 40 20 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.

Median Time to Sale

2016

2017

2018

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

Median Time to Sale

Percent Change Year-over-Year

92 Days 96 Days 94 Days 89 Days 86 Days 90 Days 82 Days 93 Days 99 Days 84 Days 69 Days 66 Days 79 Days 70 Days

29.6% 37.1% 30.6% 20.3% 28.4% 45.2% 20.6% 5.7% 10.0% -28.2% -30.3% -25.8% -11.2% -17.6%

2019

2020

200 150 100 50 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 2020 Single Family Homes Bay County Month

New Pending Sales

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

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

2018

New Pending Sales

Percent Change Year-over-Year

3,279 478 506 480 492 302 274 378 369 224 275 320 304 388

4.2% 23.2% 27.1% 9.8% 20.6% -22.6% -30.5% 7.4% -2.6% -10.0% 9.1% 117.7% 15.2% 7.2%

2019

2020

Pending Sales

600 500 400 300 200 100 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.

2016

2017

2018

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

New Listings

Percent Change Year-over-Year

3,486 435 436 406 516 421 436 420 416 328 349 474 460 479

-0.3% -9.2% -1.8% -9.8% -2.1% -8.9% 7.7% 16.0% 13.0% 30.2% 57.2% 276.2% 45.6% 7.9%

2019

2020

New Listings

600 500 400 300

200 100 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Inventory

Percent Change Year-over-Year

1,237 1,021 1,102 1,225 1,394 1,452 1,352 1,199 1,150 1,085 1,213 1,170 1,068 1,042

32.4% -2.0% 12.6% 28.1% 40.7% 63.9% 60.2% 38.1% 27.2% 24.6% 28.8% 7.5% -14.6% -19.0%

2019

2020

2,000

Inventory

1,500 1,000 500 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.

Months Supply of Inventory

2016

2017

2018

YTD (Monthly Avg) August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019

Months Supply

Percent Change Year-over-Year

4.0 3.0 3.3 3.7 4.3 4.3 3.9 3.5 3.3 3.1 3.6 3.6 3.5 3.5

25.0% -14.3% 0.0% 15.6% 26.5% 43.3% 34.5% 12.9% 0.0% -3.1% 5.9% -7.7% -16.7% -20.5%

2019

2020

7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 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.

August 2019

100 90 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

2

-85.7%

$50,000 - $99,999

16

-20.0%

$100,000 - $149,999

26

-39.5%

$150,000 - $199,999

75

11.9%

$200,000 - $249,999

94

30.6%

$250,000 - $299,999

62

1.6%

$300,000 - $399,999

72

14.3%

$400,000 - $599,999

41

86.4%

$600,000 - $999,999

9

12.5%

$1,000,000 or more

7

-12.5%

August 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

141 Days

642.1%

$50,000 - $99,999

15 Days

-46.4%

$100,000 - $149,999

21 Days

110.0%

$150,000 - $199,999

57 Days

280.0%

$200,000 - $249,999

57 Days

200.0%

$250,000 - $299,999

87 Days

141.7%

$300,000 - $399,999

44 Days

37.5%

$400,000 - $599,999

48 Days

17.1%

$600,000 - $999,999

60 Days

11.1%

$1,000,000 or more

121 Days

-10.4%

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

100 90 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

August 2020

Median Time to Contract by Sale Price

160 140 120 100 80 60 40 20 0

Closed Sales

Sale Price

August 2020

$100,000 $149,999

$150,000 $199,999

160 140 120 100 80 60 40 20 0 $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, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 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

August 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

7

-22.2%

$50,000 - $99,999

18

-41.9%

$100,000 - $149,999

27

-12.9%

$150,000 - $199,999

64

-22.0%

$200,000 - $249,999

90

8.4%

$250,000 - $299,999

79

0.0%

$300,000 - $399,999

72

-26.5%

$400,000 - $599,999

40

8.1%

$600,000 - $999,999

20

5.3%

$1,000,000 or more

18

80.0%

August 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.

August 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

6

-50.0%

$50,000 - $99,999

27

-40.0%

$100,000 - $149,999

45

28.6%

$150,000 - $199,999

124

3.3%

$200,000 - $249,999

195

31.8%

$250,000 - $299,999

184

5.1%

$300,000 - $399,999

191

-22.7%

$400,000 - $599,999

127

-2.3%

$600,000 - $999,999

62

-20.5%

$1,000,000 or more

60

15.4%

Current Listing Price

Inventory by Current Listing Price

300

$300,000 $399,999

August 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 Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Distressed Market - August 2020 Single Family Homes Bay County

Closed Sales

August 2020

August 2019

Percent Change Year-over-Year

403

377

6.9%

$242,500

$230,000

5.4%

1

1

0.0%

$70,000

$45,500

53.8%

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

2020

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A $500K $450K

Median Sale Price

$400K $350K $300K

$250K $200K $150K $100K $50K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

2016

2017

2018

2019

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

2020

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

August 2019

Percent Change Year-over-Year

216

166

30.1%

90

67

34.3%

Median Sale Price

$287,500

$261,000

10.2%

Average Sale Price

$320,232

$287,472

11.4%

$69.2 Million

$47.7 Million

44.9%

96.6%

97.1%

-0.5%

Median Time to Contract

56 Days

68 Days

-17.6%

Median Time to Sale

95 Days

101 Days

-5.9%

New Pending Sales

222

177

25.4%

New Listings

185

228

-18.9%

Pending Inventory

453

390

16.2%

Inventory (Active Listings)

580

766

-24.3%

Months Supply of Inventory

4.0

6.1

-34.4%

Closed Sales

Percent Change Year-over-Year

1,178 216 201 169 97 81 145 129 140 124 140 143 148 166

4.6% 30.1% 48.9% 21.6% -50.0% -47.1% -2.7% 27.7% 57.3% 57.0% 52.2% 55.4% 17.5% -6.7%

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

2018

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

2020

Closed Sales

250 200 150 100 50 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Cash Sales

Percent Change Year-over-Year

478 90 71 79 36 30 53 54 65 48 53 46 49 67

-4.2% 34.3% 57.8% 29.5% -51.4% -56.5% -32.9% 12.5% 16.1% 45.5% 51.4% -2.1% -23.4% -14.1%

2019

2020

120

Cash Sales

100 80 60 40 20 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

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

2018

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

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

40.6% 41.7% 35.3% 46.7% 37.1% 37.0% 36.6% 41.9% 46.4% 38.7% 37.9% 32.2% 33.1% 40.4%

-8.4% 3.2% 6.0% 6.4% -2.6% -18.0% -30.9% -11.8% -26.2% -7.4% -0.3% -37.0% -34.8% -7.8%

2019

2020

70% 60% 50% 40% 30% 20% 10% 0%

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 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

$261,488 $287,500 $247,500 $260,000 $282,500 $241,000 $250,000 $272,000 $255,500 $245,000 $261,000 $265,000 $263,000 $261,000

9.0% 10.2% 3.1% 14.0% 18.4% -3.2% -2.9% 7.7% -5.4% 2.9% -2.3% 0.4% -5.9% 8.8%

2019

2020

$350K $300K $250K $200K $150K $100K $50K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.

2016

Average Sale Price

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

Median Sale Price

2017

2018

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

Average Sale Price

Percent Change Year-over-Year

$293,447 $320,232 $277,462 $295,783 $293,245 $266,212 $282,969 $302,353 $290,796 $273,917 $287,743 $278,643 $282,578 $287,472

6.5% 11.4% -3.5% 18.3% 7.7% -3.5% -0.7% 14.2% 4.4% 7.4% -6.7% 1.0% -2.2% 8.2%

2019

2020

$350K $300K $250K $200K $150K $100K $50K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Dollar Volume

Percent Change Year-over-Year

$345.7 Million $69.2 Million $55.8 Million $50.0 Million $28.4 Million $21.6 Million $41.0 Million $39.0 Million $40.7 Million $34.0 Million $40.3 Million $39.8 Million $41.8 Million $47.7 Million

11.4% 44.9% 43.6% 43.9% -46.2% -48.9% -3.4% 45.9% 64.2% 68.6% 42.0% 56.9% 14.8% 0.9%

2019

2020

Dollar Volume

$80 M $60 M $40 M $20 M $0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.

Med. Pct. of Orig.

List Price Received

2016

2017

2018

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

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

96.6% 96.6% 96.7% 96.3% 96.4% 96.5% 97.2% 96.6% 96.9% 96.0% 97.3% 97.2% 97.0% 97.1%

-0.5% -0.5% -0.2% -1.6% -1.6% -0.5% 0.0% -0.5% 1.8% -1.5% 0.1% -0.1% 0.1% -0.1%

2019

2020

120% 100% 80% 60%

40% 20% 0%

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Median Time to Contract

Percent Change Year-over-Year

60 Days 56 Days 66 Days 61 Days 55 Days 59 Days 62 Days 70 Days 38 Days 37 Days 33 Days 30 Days 36 Days 68 Days

25.0% -17.6% -20.5% 10.9% 27.9% 68.6% 195.2% 55.6% -24.0% 12.1% -29.8% 3.4% 71.4% 70.0%

2019

2020

Median Time to Contract

120 100 80 60 40 20 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.

Median Time to Sale

2016

2017

2018

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

Median Time to Sale

Percent Change Year-over-Year

96 Days 95 Days 98 Days 94 Days 84 Days 94 Days 98 Days 105 Days 87 Days 82 Days 63 Days 71 Days 75 Days 101 Days

17.1% -5.9% -20.3% 3.3% 13.5% 27.0% 71.9% 38.2% 10.1% 5.1% -26.7% 9.2% 23.0% 31.2%

2019

2020

200 150 100 50 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 2020 Townhouses and Condos Bay County Month

New Pending Sales

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

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

2018

New Pending Sales

Percent Change Year-over-Year

1,396 222 201 256 209 64 95 170 179 144 111 189 144 177

0.7% 25.4% 8.6% 45.5% 5.6% -58.4% -53.4% 6.3% 35.6% -25.8% -4.3% 125.0% 5.1% -20.3%

2019

2020

Pending Sales

300 250 200 150 100 50 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.

2016

2017

2018

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

New Listings

Percent Change Year-over-Year

1,415 185 179 165 197 142 192 171 184 143 151 177 203 228

-7.3% -18.9% -1.6% -3.5% 35.9% -27.9% -3.0% -0.6% -21.4% -8.9% -31.7% 181.0% 36.2% -8.4%

2019

2020

350

New Listings

300 250 200 150 100 50 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Inventory

Percent Change Year-over-Year

734 580 617 648 832 891 827 733 740 742 772 746 765 766

0.1% -24.3% -16.3% -5.8% 19.7% 12.4% 15.3% 0.5% -0.3% 23.9% 21.2% 52.2% 40.1% 25.2%

2019

2020

1,200

Inventory

1,000 800 600 400 200 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.

Months Supply of Inventory

2016

2017

2018

YTD (Monthly Avg) August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019

Months Supply

Percent Change Year-over-Year

5.0 4.0 4.4 4.8 6.3 6.3 5.7 5.0 5.1 5.3 5.7 5.6 6.0 6.1

-9.1% -34.4% -24.1% -9.4% 21.2% 5.0% 7.5% -3.8% -1.9% 29.3% 32.6% 75.0% 71.4% 56.4%

2019

2020

10.0 8.0 6.0 4.0 2.0 0.0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 2020 Townhouses and Condos 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.

August 2019

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

Median Time to Contract

0

N/A

$50,000 - $99,999

2

0.0%

$100,000 - $149,999

17

54.5%

$150,000 - $199,999

28

-30.0%

$200,000 - $249,999

35

34.6%

$250,000 - $299,999

36

56.5%

$300,000 - $399,999

47

20.5%

$400,000 - $599,999

34

61.9%

$600,000 - $999,999

16

300.0%

$1,000,000 or more

1

N/A

August 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

(No Sales)

N/A

$50,000 - $99,999

155 Days

171.9%

$100,000 - $149,999

58 Days

56.8%

$150,000 - $199,999

83 Days

-23.9%

$200,000 - $249,999

19 Days

-87.6%

$250,000 - $299,999

60 Days

46.3%

$300,000 - $399,999

51 Days

54.5%

$400,000 - $599,999

58 Days

-40.8%

$600,000 - $999,999

53 Days

-39.8%

$1,000,000 or more

126 Days

N/A

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

50 45 40 35 30 25 20 15 10 5 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

August 2020

Median Time to Contract by Sale Price

180 160 140 120 100 80 60 40 20 0

Closed Sales

Sale Price

August 2020

$100,000 $149,999

$150,000 $199,999

180 160 140 120 100 80 60 40 20 0 $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, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 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

August 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

0

-100.0%

$100,000 - $149,999

4

-66.7%

$150,000 - $199,999

32

-13.5%

$200,000 - $249,999

32

-15.8%

$250,000 - $299,999

26

-35.0%

$300,000 - $399,999

47

-9.6%

$400,000 - $599,999

35

0.0%

$600,000 - $999,999

9

-25.0%

$1,000,000 or more

0

-100.0%

August 2020

60

60

50

50

40

40

30

30

20

20

10

10

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.

August 2019

Inventory

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

2

-33.3%

$100,000 - $149,999

15

-40.0%

$150,000 - $199,999

51

-29.2%

$200,000 - $249,999

74

-32.7%

$250,000 - $299,999

60

-42.9%

$300,000 - $399,999

169

-12.4%

$400,000 - $599,999

167

-13.9%

$600,000 - $999,999

39

-37.1%

$1,000,000 or more

3

50.0%

Current Listing Price

Inventory by Current Listing Price

250

$300,000 $399,999

August 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 Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Distressed Market - August 2020 Townhouses and Condos Bay County

Closed Sales

August 2020

August 2019

Percent Change Year-over-Year

215

166

29.5%

$287,500

$261,000

10.2%

1

0

N/A

$365,000

(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

2020

Short Sale

100%

Closed Sales

98%

96% 94% 92% 90% 88% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A $700K

$600K

Median Sale Price

$500K $400K $300K $200K $100K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

2016

2017

2018

2019

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

2020

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

August 2019

Percent Change Year-over-Year

23

18

27.8%

11

7

57.1%

Median Sale Price

$120,000

$114,500

4.8%

Average Sale Price

$122,835

$122,651

0.2%

$2.8 Million

$2.2 Million

28.0%

97.5%

93.8%

3.9%

Median Time to Contract

57 Days

30 Days

90.0%

Median Time to Sale

115 Days

71 Days

62.0%

New Pending Sales

22

21

4.8%

New Listings

27

18

50.0%

Pending Inventory

33

29

13.8%

Inventory (Active Listings)

70

63

11.1%

Months Supply of Inventory

3.6

3.3

9.1%

Closed Sales

Percent Change Year-over-Year

160 23 22 25 16 18 20 19 17 11 20 15 25 18

-10.1% 27.8% 4.8% 8.7% -40.7% -41.9% 17.6% -24.0% 6.3% -42.1% 42.9% 114.3% 108.3% -30.8%

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

2018

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

2020

35

Closed Sales

30 25 20 15 10 5 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Cash Sales

Percent Change Year-over-Year

79 11 11 13 11 8 7 10 8 4 14 8 15 7

-21.0% 57.1% 10.0% 0.0% -47.6% -52.9% -46.2% -23.1% 33.3% -71.4% 75.0% 60.0% 200.0% -46.2%

2019

2020

25

Cash Sales

20 15 10 5 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

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

2018

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

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

49.4% 47.8% 50.0% 52.0% 68.8% 44.4% 35.0% 52.6% 47.1% 36.4% 70.0% 53.3% 60.0% 38.9%

-12.1% 22.9% 5.0% -8.0% -11.6% -19.0% -54.2% 1.2% 25.6% -50.6% 22.6% -25.4% 43.9% -22.2%

2019

2020

100% 80% 60% 40% 20% 0%

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 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

$110,000 $120,000 $128,500 $110,000 $87,000 $106,675 $108,500 $119,900 $89,900 $123,500 $54,000 $106,000 $118,000 $114,500

10.0% 4.8% 3.6% 15.8% 16.0% 5.6% 17.3% 33.4% -18.6% 37.4% -22.8% 63.1% 34.9% 27.2%

2019

2020

$140K $120K $100K $80K $60K $40K $20K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.

2016

Average Sale Price

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

Median Sale Price

2017

2018

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

Average Sale Price

Percent Change Year-over-Year

$114,006 $122,835 $124,202 $124,080 $111,253 $103,964 $100,559 $120,753 $95,553 $126,991 $89,375 $103,527 $114,576 $122,651

14.5% 0.2% 8.5% 29.7% 29.1% 2.7% 11.9% 31.6% -6.2% 29.8% 12.5% 30.6% 37.9% 29.9%

2019

2020

$140K $120K $100K $80K $60K $40K $20K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

$18.2 Million $2.8 Million $2.7 Million $3.1 Million $1.8 Million $1.9 Million $2.0 Million $2.3 Million $1.6 Million $1.4 Million $1.8 Million $1.6 Million $2.9 Million $2.2 Million

2.9% 28.0% 13.6% 40.9% -23.5% -40.4% 31.7% 0.0% -0.4% -24.9% 60.7% 179.9% 187.3% -10.1%

2018

2019

2020

$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 MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.

Med. Pct. of Orig.

List Price Received

2016

2017

2018

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

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

92.3% 97.5% 95.1% 90.4% 86.1% 94.5% 86.6% 94.5% 93.0% 97.4% 91.7% 86.5% 91.9% 93.8%

0.8% 3.9% 4.7% -1.6% -5.8% 2.4% -7.2% 10.8% -1.5% 12.5% 0.0% -9.6% 4.2% -1.4%

2019

2020

120% 100% 80% 60%

40% 20% 0%

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Median Time to Contract

Percent Change Year-over-Year

51 Days 57 Days 20 Days 49 Days 66 Days 36 Days 66 Days 52 Days 44 Days 54 Days 18 Days 45 Days 23 Days 30 Days

88.9% 90.0% 5.3% 53.1% 73.7% 100.0% 144.4% -8.8% -38.9% 54.3% -76.6% 462.5% -57.4% 30.4%

2019

2020

Median Time to Contract

200 150 100 50 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.

Median Time to Sale

2016

2017

2018

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

Median Time to Sale

Percent Change Year-over-Year

88 Days 115 Days 72 Days 92 Days 98 Days 72 Days 91 Days 101 Days 70 Days 86 Days 39 Days 87 Days 71 Days 71 Days

25.7% 62.0% 9.1% 67.3% 53.1% -4.0% 97.8% 31.2% -30.0% -5.5% -70.2% -17.1% -22.0% 12.7%

2019

2020

200 150 100 50 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 2020 Manufactured Homes Bay County Month

New Pending Sales

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

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

2018

New Pending Sales

Percent Change Year-over-Year

192 22 32 25 25 23 22 13 30 20 16 17 18 21

0.0% 4.8% 39.1% 13.6% -10.7% -17.9% -12.0% -43.5% 36.4% 5.3% -40.7% 30.8% -10.0% 5.0%

2019

2020

Pending Sales

40 30 20 10 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.

2016

2017

2018

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

New Listings

Percent Change Year-over-Year

203 27 31 20 27 18 33 28 19 23 23 40 26 18

-8.1% 50.0% -3.1% -23.1% 12.5% -47.1% 3.1% -20.0% -5.0% 27.8% 15.0% 185.7% 0.0% -45.5%

2019

2020

New Listings

50 40 30 20 10 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

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

2018

Inventory

Percent Change Year-over-Year

78 70 65 66 82 87 96 88 70 81 94 85 66 63

21.9% 11.1% -4.4% 17.9% 46.4% 27.9% 35.2% 29.4% 18.6% 26.6% 38.2% 4.9% -25.8% -30.0%

2019

2020

140 120

Inventory

100 80 60 40 20 0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Month

Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.

Months Supply of Inventory

2016

2017

2018

YTD (Monthly Avg) August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019

Months Supply

Percent Change Year-over-Year

4.0 3.6 3.5 3.5 4.4 4.5 4.7 4.3 3.4 3.9 4.4 4.1 3.3 3.3

29.0% 9.1% 2.9% 29.6% 57.1% 36.4% 38.2% 38.7% 17.2% 25.8% 41.9% 10.8% -13.2% -10.8%

2019

2020

7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 2020 Manufactured 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.

August 2019

10 9 8 7 6 5 4 3 2 1 0 Less than $50,000

$50,000 $99,999

Less than $50,000

1

-66.7%

$50,000 - $99,999

7

133.3%

$100,000 - $149,999

9

50.0%

$150,000 - $199,999

5

66.7%

$200,000 - $249,999

0

-100.0%

$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

$100,000 $149,999

$150,000 $199,999

10 9 8 7 6 5 4 3 2 1 0 $200,000 $249,999

$250,000 $299,999

Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales.

August 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

93 Days

200.0%

$50,000 - $99,999

57 Days

62.9%

$100,000 - $149,999

42 Days

5.0%

$150,000 - $199,999

117 Days

317.9%

$200,000 - $249,999

(No Sales)

N/A

$250,000 - $299,999

0 Days

-100.0%

$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

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

Median Time to Contract

Percent Change Year-over-Year

August 2020

Median Time to Contract by Sale Price

140

Closed Sales

Sale Price

August 2020

140

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

$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, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Market Detail - August 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

August 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

1

-75.0%

$50,000 - $99,999

5

150.0%

$100,000 - $149,999

13

116.7%

$150,000 - $199,999

6

50.0%

$200,000 - $249,999

2

0.0%

$250,000 - $299,999

0

N/A

$300,000 - $399,999

0

N/A

$400,000 - $599,999

0

N/A

$600,000 - $999,999

0

N/A

$1,000,000 or more

0

N/A

August 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.

August 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

2

-71.4%

$50,000 - $99,999

19

18.8%

$100,000 - $149,999

27

58.8%

$150,000 - $199,999

12

-7.7%

$200,000 - $249,999

6

-14.3%

$250,000 - $299,999

0

-100.0%

$300,000 - $399,999

2

N/A

$400,000 - $599,999

2

N/A

$600,000 - $999,999

0

N/A

$1,000,000 or more

0

N/A

Current Listing Price

Inventory by Current Listing Price

30

$300,000 $399,999

August 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 Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

Monthly Distressed Market - August 2020 Manufactured Homes Bay County

Closed Sales

August 2020

August 2019

Percent Change Year-over-Year

21

18

16.7%

$126,000

$114,500

10.0%

2

0

N/A

$87,050

(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

2020

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A $140K

$120K

Median Sale Price

$100K $80K $60K $40K $20K $0K

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A

2016

2017

2018

2019

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Tuesday, September 22, 2020. Next data release is Thursday, October 22, 2020.

2020