Central Panhandle Market Report Feb 2019 by Michele Bailey

Monthly Market Detail - February 2019 Single Family Homes Central Panhandle Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. February 2019

February 2018

Percent Change Year-over-Year

332

283

17.3%

101

44.3%

Median Sale Price

$206,000

$199,900

3.1%

Average Sale Price

$221,678

$240,582

-7.9%

$73.6 Million

$68.1 Million

8.1%

98.9%

95.4%

3.7%

Median Time to Contract

34 Days

78 Days

-56.4%

Median Time to Sale

95 Days

119 Days

-20.2%

New Pending Sales

421

362

16.3%

New Listings

443

475

-6.7%

Pending Inventory

645

559

15.4%

Inventory (Active Listings)

1,100

1,531

-28.2%

Months Supply of Inventory

3.3

4.5

-26.7%

Closed Sales

Percent Change Year-over-Year

655 332 323 268 187 130 355 424 421 433 413 344 377 283

20.4% 17.3% 23.8% -16.8% -33.2% -59.8% 7.3% 7.1% 20.3% 3.3% 7.0% 4.2% 3.0% 4.8%

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. 2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

2018

Closed Sales

500 400 300 200 100 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, March 22, 2019. Next data release is Monday, April 22, 2019.

Monthly Market Detail - February 2019 Single Family Homes Central Panhandle Association of REALTORSÂŽ This report describes member activity for the association and is not confined to any specific geographic area. 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.

2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Cash Sales

Percent Change Year-over-Year

218 101 117 92 66 35 82 108 96 112 110 90 91 70

50.3% 44.3% 56.0% 17.9% -14.3% -59.3% -1.2% -11.5% 15.7% -5.1% 14.6% -4.3% -8.1% -12.5%

2018

140

Cash Sales

120 100 80 60 40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales

Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.

Pct. of Closed Sales Paid in Cash

2015

2016

Month Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

33.3% 30.4% 36.2% 34.3% 35.3% 26.9% 23.1% 25.5% 22.8% 25.9% 26.6% 26.2% 24.1% 24.7%

24.7% 23.1% 26.1% 41.7% 28.4% 1.1% -8.0% -17.2% -3.8% -8.2% 6.8% -8.1% -10.7% -16.6%

2018

40% 30% 20% 10% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, March 22, 2019. Next data release is Monday, April 22, 2019.

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

2015

2016

2017

Percent Change Year-over-Year

$202,000 $206,000 $201,500 $203,350 $200,000 $227,000 $210,000 $215,250 $214,500 $214,900 $212,500 $205,000 $210,000 $199,900

1.5% 3.1% 1.8% 4.1% 3.4% 18.2% 8.2% 7.9% 10.0% 8.8% 7.1% 7.3% 13.5% 12.0%

2018

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its usesâ&#x20AC;&#x201D;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.

2015

Average Sale Price

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

Median Sale Price

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Average Sale Price

Percent Change Year-over-Year

$220,731 $221,678 $219,758 $235,726 $238,933 $267,918 $254,452 $252,987 $249,348 $259,362 $243,499 $252,836 $239,127 $240,582

-5.0% -7.9% -1.7% 5.7% 14.0% 16.9% 9.4% 13.5% 2.7% 5.2% 9.5% 14.4% 7.0% 20.0%

2018

$300K $250K $200K $150K

$100K $50K $0K

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

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. 2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Dollar Volume

Percent Change Year-over-Year

$144.6 Million $73.6 Million $71.0 Million $63.2 Million $44.7 Million $34.8 Million $90.3 Million $107.3 Million $105.0 Million $112.3 Million $100.6 Million $87.0 Million $90.2 Million $68.1 Million

14.4% 8.1% 21.7% -12.1% -23.9% -53.0% 17.4% 21.5% 23.5% 8.8% 17.1% 19.3% 10.2% 25.7%

2018

$120 M

Dollar Volume

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

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

Med. Pct. of Orig. List Price Received

2015

2016

Month Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Med. Pct. of Orig. List Price Received

Percent Change Year-over-Year

98.2% 98.9% 97.6% 96.5% 95.3% 96.9% 96.6% 96.4% 95.9% 97.3% 96.8% 97.0% 96.4% 95.4%

2.9% 3.7% 2.0% -0.1% 0.2% 2.0% 1.0% -0.5% -0.8% 0.9% 0.8% 1.0% 0.5% 1.0%

2018

120% 100% 80% 60%

40% 20% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

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. 2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Median Time to Contract

Percent Change Year-over-Year

40 Days 34 Days 47 Days 70 Days 57 Days 52 Days 40 Days 42 Days 54 Days 42 Days 38 Days 44 Days 60 Days 78 Days

-47.4% -56.4% -33.8% 42.9% 0.0% -5.5% -18.4% 7.7% 12.5% -22.2% -35.6% -29.0% -17.8% -10.3%

2018

Median Time to Contract

120 100 80 60 40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

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

Median Time to Sale

2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Median Time to Sale

Percent Change Year-over-Year

105 Days 95 Days 113 Days 119 Days 105 Days 113 Days 95 Days 90 Days 102 Days 93 Days 84 Days 85 Days 106 Days 119 Days

-11.0% -20.2% -3.4% 20.2% 6.1% 8.7% -6.9% 3.4% 10.9% -12.3% -24.3% -26.1% -23.7% -17.4%

2018

200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

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. 2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

New Pending Sales

Percent Change Year-over-Year

854 421 433 308 310 183 314 417 432 439 446 411 430 362

17.3% 16.3% 18.3% 16.7% 6.9% -45.7% 18.9% -1.7% 10.8% 16.8% 8.5% 4.3% 0.9% -0.8%

2018

Pending Sales

500 400 300 200 100 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of valueâ&#x20AC;&#x201D;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. 2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

New Listings

Percent Change Year-over-Year

885 443 442 321 291 180 402 537 539 502 520 508 562 475

-8.0% -6.7% -9.2% 6.6% -16.4% -56.4% -4.3% 6.8% 17.9% 11.3% 7.0% 9.0% 14.0% 11.5%

2018

New Listings

600 500 400 300

200 100 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

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.

2015

2016

YTD (Monthly Avg) February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Inventory

Percent Change Year-over-Year

1,107 1,100 1,113 1,148 1,250 1,399 1,628 1,631 1,594 1,588 1,604 1,610 1,569 1,531

-26.8% -28.2% -25.6% -20.7% -18.4% -11.1% 2.5% 5.9% 1.1% -1.9% -1.5% -1.9% -5.9% -9.1%

2018

2,500

Inventory

2,000 1,500 1,000 500 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

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

Months Supply of Inventory

2015

2016

YTD (Monthly Avg) February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Months Supply

Percent Change Year-over-Year

3.4 3.3 3.4 3.5 3.8 4.2 4.6 4.6 4.6 4.6 4.7 4.7 4.6 4.5

-24.4% -26.7% -22.7% -18.6% -17.4% -10.6% -4.2% -2.1% -6.1% -8.0% -7.8% -9.6% -13.2% -16.7%

2018

8.0 6.0 4.0 2.0 0.0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Closed Sales by Sale Price The number of sales transactions which closed during the month Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. February 2018

Closed Sales

Percent Change Year-over-Year

Less than $50,000

61.5%

$50,000 - $99,999

16.7%

$100,000 - $149,999

-7.3%

$150,000 - $199,999

3.4%

$200,000 - $249,999

14.8%

$250,000 - $299,999

33.3%

$300,000 - $399,999

70.0%

$400,000 - $599,999

11.1%

$600,000 - $999,999

-25.0%

$1,000,000 or more

-75.0%

Sale Price

February 2019

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

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

Median Time to Contract

Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. February 2018

Less than $50,000

$50,000 $99,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more Median Time to Contract

Percent Change Year-over-Year

Less than $50,000

7 Days

-88.1%

$50,000 - $99,999

27 Days

-64.9%

$100,000 - $149,999

21 Days

-70.4%

$150,000 - $199,999

42 Days

-33.3%

$200,000 - $249,999

52 Days

-39.5%

$250,000 - $299,999

46 Days

-56.2%

$300,000 - $399,999

71 Days

10.9%

$400,000 - $599,999

19 Days

-78.4%

$600,000 - $999,999

81 Days

-51.2%

$1,000,000 or more

2 Days

-98.5%

Sale Price

Median Time to Contract by Sale Price

180 160 140 120 100 80 60 40 20 0

$300,000 $399,999

February 2019

$100,000 $149,999

$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

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 valueâ&#x20AC;&#x201D;and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.

New Listings

February 2018

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

93.3%

$50,000 - $99,999

25.6%

$100,000 - $149,999

-28.3%

$150,000 - $199,999

-26.4%

$200,000 - $249,999

-15.5%

$250,000 - $299,999

1.4%

$300,000 - $399,999

-11.1%

$400,000 - $599,999

5.3%

$600,000 - $999,999

-37.5%

$1,000,000 or more

160.0%

February 2019

120

100

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. February 2018

Inventory

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

8.6%

$50,000 - $99,999

-33.6%

$100,000 - $149,999

-59.3%

$150,000 - $199,999

149

-40.2%

$200,000 - $249,999

138

-34.9%

$250,000 - $299,999

156

-27.1%

$300,000 - $399,999

205

-10.5%

$400,000 - $599,999

121

-3.2%

$600,000 - $999,999

-32.9%

$1,000,000 or more

7.4%

Current Listing Price

Inventory by Current Listing Price

300

$300,000 $399,999

February 2019

300

250

200

150

100

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

Monthly Distressed Market - February 2019 Single Family Homes Central Panhandle Association of REALTORSÂŽ This report describes member activity for the association and is not confined to any specific geographic area.

Closed Sales

February 2019

February 2018

Percent Change Year-over-Year

322

269

19.7%

$208,850

$205,000

1.9%

-30.8%

$177,210

$143,229

23.7%

0.0%

$255,500

$135,000

89.3%

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2015

2016

Traditional

2017

Foreclosure/REO

2018

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F $500,000 $450,000

Median Sale Price

$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2015

2016

2017

2018

Monthly Market Detail - February 2019 Townhouses and Condos Central Panhandle Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. February 2019

February 2018

Percent Change Year-over-Year

125

-24.8%

-30.3%

Median Sale Price

$259,950

$220,000

18.2%

Average Sale Price

$287,063

$248,465

15.5%

$27.0 Million

$31.1 Million

-13.1%

96.9%

96.1%

0.8%

Median Time to Contract

31 Days

68 Days

-54.4%

Median Time to Sale

65 Days

92 Days

-29.3%

New Pending Sales

155

162

-4.3%

New Listings

170

157

8.3%

Pending Inventory

268

175

53.1%

Inventory (Active Listings)

683

536

27.4%

Months Supply of Inventory

5.2

4.0

30.0%

Closed Sales

Percent Change Year-over-Year

179 94 85 74 85 86 119 160 159 165 175 178 193 125

-23.2% -24.8% -21.3% -34.5% -30.3% -28.3% -12.5% 8.1% 12.8% 0.6% 30.6% 17.9% 22.2% 13.6%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

Month

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

2018

Closed Sales

250 200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Monthly Market Detail - February 2019 Townhouses and Condos Central Panhandle Association of REALTORSÂŽ This report describes member activity for the association and is not confined to any specific geographic area. Month

2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Cash Sales

Percent Change Year-over-Year

100 46 54 38 34 45 57 80 72 85 85 87 103 66

-21.3% -30.3% -11.5% -29.6% -44.3% -32.8% -1.7% 5.3% 5.9% 18.1% 25.0% 40.3% 35.5% 32.0%

2018

120

Cash Sales

100 80 60 40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales

Pct. of Closed Sales Paid in Cash

2015

2016

Month Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

55.9% 48.9% 63.5% 51.4% 40.0% 52.3% 47.9% 50.0% 45.3% 51.5% 48.6% 48.9% 53.4% 52.8%

2.6% -7.4% 12.4% 7.5% -20.0% -6.3% 12.4% -2.7% -6.0% 17.3% -4.1% 19.0% 11.0% 16.0%

2018

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Median Sale Price

2015

2016

2017

Percent Change Year-over-Year

$262,400 $259,950 $265,000 $231,250 $268,122 $264,000 $279,000 $238,581 $240,000 $238,162 $235,000 $251,950 $270,000 $220,000

11.7% 18.2% 8.2% -11.4% 5.1% 30.0% 25.7% -4.6% 11.1% 19.7% 6.1% 13.0% 8.0% 1.4%

2018

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

2015

Average Sale Price

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

Median Sale Price

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Average Sale Price

Percent Change Year-over-Year

$281,359 $287,063 $275,052 $252,448 $306,999 $277,125 $294,652 $265,657 $264,442 $263,093 $261,470 $264,196 $281,030 $248,465

8.8% 15.5% 1.8% -2.3% 12.6% 15.7% 21.0% 1.9% -3.2% 12.3% 5.7% 13.5% 4.5% 9.4%

2018

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Dollar Volume

Percent Change Year-over-Year

$50.4 Million $27.0 Million $23.4 Million $18.7 Million $26.1 Million $23.8 Million $35.1 Million $42.5 Million $42.0 Million $43.4 Million $45.8 Million $47.0 Million $54.2 Million $31.1 Million

-16.4% -13.1% -19.9% -36.0% -21.6% -17.0% 5.9% 10.2% 9.2% 12.9% 38.0% 33.8% 27.6% 24.4%

2018

$60 M

Dollar Volume

$50 M $40 M $30 M $20 M $10 M $0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Med. Pct. of Orig. List Price Received

2015

2016

Month Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Med. Pct. of Orig. List Price Received

Percent Change Year-over-Year

96.1% 96.9% 95.2% 97.8% 96.9% 97.3% 96.9% 97.2% 97.2% 97.2% 97.3% 96.5% 96.7% 96.1%

-0.1% 0.8% -1.3% 2.0% 1.6% 1.4% 1.4% 1.0% 1.9% 1.9% 1.1% 1.2% 2.0% 1.2%

2018

120% 100% 80% 60%

40% 20% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Median Time to Contract

Percent Change Year-over-Year

42 Days 31 Days 50 Days 32 Days 44 Days 28 Days 22 Days 40 Days 42 Days 37 Days 31 Days 26 Days 44 Days 68 Days

-33.3% -54.4% -16.7% -50.0% -46.3% -59.4% -62.1% -18.4% -31.1% -27.5% -51.6% -64.4% -60.0% -29.9%

2018

Median Time to Contract

140 120 100 80 60 40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

Median Time to Sale

2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Median Time to Sale

Percent Change Year-over-Year

73 Days 65 Days 79 Days 77 Days 84 Days 65 Days 62 Days 78 Days 83 Days 64 Days 65 Days 58 Days 72 Days 92 Days

-20.7% -29.3% -15.1% -23.8% -25.0% -42.0% -32.6% -11.4% -10.8% -27.3% -31.6% -39.6% -51.0% -30.3%

2018

200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

New Pending Sales

Percent Change Year-over-Year

277 155 122 137 101 79 122 184 152 182 216 184 195 162

-12.6% -4.3% -21.3% 47.3% -18.5% -38.3% 8.0% 26.0% 4.1% 15.9% 54.3% 22.7% 8.9% 5.9%

2018

Pending Sales

250 200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

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. 2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

New Listings

Percent Change Year-over-Year

392 170 222 252 147 65 151 224 172 129 209 236 237 157

9.8% 8.3% 11.0% 207.3% 0.0% -53.6% 23.8% 26.6% 28.4% -26.3% 10.0% 29.7% 26.1% -4.3%

2018

New Listings

300 250 200 150

100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2015

2016

YTD (Monthly Avg) February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Inventory

Percent Change Year-over-Year

684 683 684 576 471 445 508 502 482 456 535 566 521 536

24.8% 27.4% 22.4% 4.0% -23.5% -27.9% -19.7% -22.8% -26.6% -35.7% -25.1% -17.5% -26.7% -27.6%

2018

1,200

Inventory

1,000 800 600 400 200 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

Months Supply of Inventory

2015

2016

YTD (Monthly Avg) February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Months Supply

Percent Change Year-over-Year

5.2 5.2 5.1 4.2 3.4 3.1 3.5 3.4 3.3 3.2 3.7 4.0 3.8 4.0

26.8% 30.0% 21.4% 0.0% -27.7% -35.4% -30.0% -34.6% -38.9% -47.5% -41.3% -34.4% -42.4% -43.7%

2018

10.0 8.0 6.0 4.0 2.0 0.0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Closed Sales

Percent Change Year-over-Year

Less than $50,000

N/A

$50,000 - $99,999

-50.0%

$100,000 - $149,999

-42.9%

$150,000 - $199,999

0.0%

$200,000 - $249,999

-70.8%

$250,000 - $299,999

7.1%

$300,000 - $399,999

4.5%

$400,000 - $599,999

0.0%

$600,000 - $999,999

-66.7%

$1,000,000 or more

N/A

Sale Price

February 2019

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

Less than $50,000

$50,000 $99,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more Median Time to Contract

Percent Change Year-over-Year

Less than $50,000

(No Sales)

N/A

$50,000 - $99,999

111 Days

6.7%

$100,000 - $149,999

16 Days

-56.8%

$150,000 - $199,999

22 Days

-71.8%

$200,000 - $249,999

192 Days

220.0%

$250,000 - $299,999

128 Days

50.6%

$300,000 - $399,999

31 Days

-6.1%

$400,000 - $599,999

15 Days

-78.3%

$600,000 - $999,999

269 Days

-2.2%

$1,000,000 or more

439 Days

N/A

Sale Price

Median Time to Contract by Sale Price

1,600 1,400 1,200 1,000 800 600 400 200 0

$300,000 $399,999

February 2019

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

1,600 1,400 1,200 1,000 800 600 400 200 0 $250,000 $299,999

$300,000 $399,999

$400,000 $599,999

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

New Listings

February 2018

New Listings

Percent Change Year-over-Year

Less than $50,000

N/A

$50,000 - $99,999

-80.0%

$100,000 - $149,999

-29.4%

$150,000 - $199,999

28.6%

$200,000 - $249,999

-10.7%

$250,000 - $299,999

-9.5%

$300,000 - $399,999

-2.4%

$400,000 - $599,999

47.6%

$600,000 - $999,999

550.0%

$1,000,000 or more

N/A

February 2019

45 40 35 30 25 20 15 10 5 0

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

200 180 160 140 120 100 80 60 40 20 0 Less than $50,000

$50,000 $99,999

$300,000 $399,999

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

N/A

$50,000 - $99,999

-89.5%

$100,000 - $149,999

-55.2%

$150,000 - $199,999

-12.7%

$200,000 - $249,999

6.2%

$250,000 - $299,999

-4.5%

$300,000 - $399,999

186

46.5%

$400,000 - $599,999

176

109.5%

$600,000 - $999,999

150.0%

$1,000,000 or more

100.0%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

February 2019

$100,000 $149,999

$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

Monthly Distressed Market - February 2019 Townhouses and Condos Central Panhandle Association of REALTORSÂŽ This report describes member activity for the association and is not confined to any specific geographic area.

Closed Sales

February 2019

February 2018

Percent Change Year-over-Year

124

-25.0%

$259,900

$221,000

17.6%

0.0%

$343,875

$200,000

71.9%

N/A

(No Sales)

N/A

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2015

2016

Traditional

2017

Foreclosure/REO

2018

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F $700,000 $600,000

Median Sale Price

$500,000 $400,000 $300,000 $200,000 $100,000 $0 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2015

2016

2017

2018

Monthly Market Detail - February 2019 Manufactured Homes Central Panhandle Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. February 2019

February 2018

Percent Change Year-over-Year

38.1%

15.4%

Median Sale Price

$79,000

$79,500

-0.6%

Average Sale Price

$89,531

$82,635

8.3%

$2.6 Million

$1.7 Million

49.6%

84.4%

90.7%

-6.9%

Median Time to Contract

65 Days

64 Days

1.6%

Median Time to Sale

115 Days

125 Days

-8.0%

New Pending Sales

-26.2%

New Listings

15.9%

Pending Inventory

-10.3%

Inventory (Active Listings)

106

161

-34.2%

Months Supply of Inventory

3.4

5.1

-33.3%

Closed Sales

Percent Change Year-over-Year

55 29 26 23 20 19 25 34 40 31 46 44 38 21

7.8% 38.1% -13.3% -34.3% 0.0% -42.4% -16.7% -5.6% 17.6% 10.7% 39.4% 29.4% -11.6% -40.0%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

Month

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

2018

Closed Sales

50 40 30 20 10 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Monthly Market Detail - February 2019 Manufactured Homes Central Panhandle Association of REALTORSÂŽ This report describes member activity for the association and is not confined to any specific geographic area. Month

2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Cash Sales

Percent Change Year-over-Year

25 15 10 14 9 11 13 16 22 18 28 25 26 13

-26.5% 15.4% -52.4% -33.3% -30.8% -50.0% -43.5% -30.4% 10.0% 0.0% 3.7% 8.7% 0.0% -45.8%

2018

Cash Sales

25 20 15 10 5 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales

Pct. of Closed Sales Paid in Cash

2015

2016

Month Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

45.5% 51.7% 38.5% 60.9% 45.0% 57.9% 52.0% 47.1% 55.0% 58.1% 60.9% 56.8% 68.4% 61.9%

-31.8% -16.5% -45.0% 1.5% -30.8% -13.2% -32.2% -26.3% -6.5% -9.6% -25.6% -16.0% 13.1% -9.8%

2018

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Median Sale Price

2015

2016

2017

Percent Change Year-over-Year

$100,000 $79,000 $107,000 $95,000 $65,000 $81,000 $81,000 $83,500 $95,750 $85,000 $77,000 $86,000 $68,750 $79,500

42.9% -0.6% 71.9% 10.5% -5.1% 33.9% 7.3% 36.9% 24.6% 9.7% 40.0% 47.9% -0.2% 22.3%

2018

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

2015

Average Sale Price

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

Median Sale Price

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Average Sale Price

Percent Change Year-over-Year

$92,638 $89,531 $96,104 $106,474 $73,950 $86,884 $84,790 $83,668 $99,588 $91,086 $86,365 $90,289 $78,502 $82,635

21.6% 8.3% 34.0% 14.5% 1.8% 38.6% 8.1% 19.4% 30.8% 11.8% 11.1% 25.2% -2.2% 14.6%

2018

$120K $100K $80K $60K

$40K $20K $0K

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2016

Month

Dollar Volume

Percent Change Year-over-Year

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

$5.1 Million $2.6 Million $2.5 Million $2.4 Million $1.5 Million $1.7 Million $2.1 Million $2.8 Million $4.0 Million $2.8 Million $4.0 Million $4.0 Million $3.0 Million $1.7 Million

31.1% 49.6% 16.1% -24.7% 1.8% -20.2% -9.9% 12.8% 53.9% 23.8% 54.8% 62.1% -13.6% -31.2%

2017

2018

$5.0 M

Dollar Volume

$4.0 M $3.0 M $2.0 M $1.0 M $0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Med. Pct. of Orig. List Price Received

2015

2016

Month Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Med. Pct. of Orig. List Price Received

Percent Change Year-over-Year

90.5% 84.4% 93.9% 89.1% 91.7% 91.2% 89.0% 94.9% 90.9% 91.8% 90.5% 90.5% 94.7% 90.7%

-0.4% -6.9% 3.2% -5.4% -1.0% 0.2% -0.2% 3.5% 0.9% 0.5% 1.6% 1.2% 9.7% -4.8%

2018

120% 100% 80% 60%

40% 20% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Median Time to Contract

Percent Change Year-over-Year

78 Days 65 Days 82 Days 89 Days 78 Days 39 Days 63 Days 23 Days 67 Days 53 Days 46 Days 30 Days 27 Days 64 Days

2.6% 1.6% 3.8% 20.3% 225.0% -50.6% 16.7% -74.2% -17.3% -39.8% 2.2% -53.8% -77.1% 16.4%

2018

Median Time to Contract

150

100

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

Median Time to Sale

2015

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Median Time to Sale

Percent Change Year-over-Year

120 Days 115 Days 121 Days 113 Days 131 Days 100 Days 120 Days 67 Days 115 Days 125 Days 86 Days 71 Days 62 Days 125 Days

-4.0% -8.0% 6.1% -1.7% 65.8% -20.0% 42.9% -47.7% -10.2% -16.7% 7.5% -38.8% -58.9% 37.4%

2018

200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

New Pending Sales

Percent Change Year-over-Year

66 31 35 23 35 23 35 25 41 31 43 40 52 42

-8.3% -26.2% 16.7% -43.9% 20.7% -34.3% 25.0% -34.2% 17.1% -24.4% 43.3% 11.1% 0.0% 10.5%

2018

Pending Sales

60 50 40 30 20 10 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

2016

Year-to-Date February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

New Listings

Percent Change Year-over-Year

85 51 34 25 29 20 35 55 53 45 43 41 59 44

-16.7% 15.9% -41.4% -10.7% -35.6% -47.4% -14.6% 7.8% 12.8% 21.6% -2.3% 17.1% 31.1% 25.7%

2018

New Listings

60 50 40 30 20 10 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2015

2016

YTD (Monthly Avg) February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Inventory

Percent Change Year-over-Year

100 106 94 102 106 133 149 159 141 140 134 145 153 161

-37.9% -34.2% -41.3% -25.0% -35.4% -14.7% -9.1% -0.6% -11.9% -10.8% -20.7% -10.5% -6.7% -14.4%

2018

250

Inventory

200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Month

Months Supply of Inventory

2015

2016

YTD (Monthly Avg) February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 2017

Months Supply

Percent Change Year-over-Year

3.3 3.4 3.1 3.3 3.3 4.2 4.5 4.7 4.2 4.2 4.1 4.6 4.9 5.1

-34.0% -33.3% -36.7% -19.5% -34.0% -10.6% -8.2% -2.1% -12.5% -10.6% -18.0% -2.1% 2.1% -10.5%

2018

10.0 8.0 6.0 4.0 2.0 0.0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

Closed Sales

Percent Change Year-over-Year

Less than $50,000

-44.4%

$50,000 - $99,999

120.0%

$100,000 - $149,999

140.0%

$150,000 - $199,999

-50.0%

$200,000 - $249,999

N/A

$250,000 - $299,999

N/A

$300,000 - $399,999

N/A

$400,000 - $599,999

N/A

$600,000 - $999,999

N/A

$1,000,000 or more

N/A

Sale Price

February 2019

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

$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

8 Days

-60.0%

$50,000 - $99,999

65 Days

-48.0%

$100,000 - $149,999

89 Days

-20.5%

$150,000 - $199,999

208 Days

128.6%

$200,000 - $249,999

(No Sales)

N/A

$250,000 - $299,999

(No Sales)

N/A

$300,000 - $399,999

(No Sales)

N/A

$400,000 - $599,999

(No Sales)

N/A

$600,000 - $999,999

(No Sales)

N/A

$1,000,000 or more

(No Sales)

N/A

Sale Price

Median Time to Contract by Sale Price

250

$300,000 $399,999

February 2019

250

200

150

100

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

New Listings

February 2018

New Listings

Percent Change Year-over-Year

Less than $50,000

10.0%

$50,000 - $99,999

0.0%

$100,000 - $149,999

23.1%

$150,000 - $199,999

100.0%

$200,000 - $249,999

-66.7%

$250,000 - $299,999

200.0%

$300,000 - $399,999

N/A

$400,000 - $599,999

N/A

$600,000 - $999,999

N/A

$1,000,000 or more

N/A

February 2019

18 16 14 12 10 8 6 4 2 0

18 16 14 12 10 8 6 4 2 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

80 70 60 50 40 30 20 10 0 Less than $50,000

$50,000 $99,999

$300,000 $399,999

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

11.1%

$50,000 - $99,999

-56.6%

$100,000 - $149,999

-35.0%

$150,000 - $199,999

0.0%

$200,000 - $249,999

-62.5%

$250,000 - $299,999

150.0%

$300,000 - $399,999

N/A

$400,000 - $599,999

N/A

$600,000 - $999,999

N/A

$1,000,000 or more

N/A

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

February 2019

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

80 70 60 50 40 30 20 10 0 $250,000 $299,999

$300,000 $399,999

$400,000 $599,999

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

Monthly Distressed Market - February 2019 Manufactured Homes Central Panhandle Association of REALTORSÂŽ This report describes member activity for the association and is not confined to any specific geographic area.

Closed Sales

February 2019

February 2018

Percent Change Year-over-Year

75.0%

$84,450

$91,250

-7.5%

-75.0%

$70,500

$43,751

61.1%

-100.0%

(No Sales)

$94,000

N/A

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2015

2016

Traditional

2017

Foreclosure/REO

2018

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F $120,000

Median Sale Price

$100,000

$80,000

$60,000

$40,000

$20,000

$0 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F

2015

2016

2017

2018