Bay County Monthly Marketing Report June 2019

Page 1

Monthly Market Detail - June 2019 Single Family Homes Bay County June 2019

June 2018

Percent Change Year-over-Year

368

367

0.3%

93

87

6.9%

Median Sale Price

$230,013

$223,500

2.9%

Average Sale Price

$258,764

$262,709

-1.5%

$95.2 Million

$96.4 Million

-1.2%

98.3%

97.4%

0.9%

Median Time to Contract

22 Days

40 Days

-45.0%

Median Time to Sale

74 Days

85 Days

-12.9%

New Pending Sales

437

380

15.0%

New Listings

450

387

16.3%

Pending Inventory

653

552

18.3%

Inventory (Active Listings)

956

1,196

-20.1%

Months Supply of Inventory

3.2

4.2

-23.8%

Closed Sales

Percent Change Year-over-Year

2,049 368 380 349 392 290 270 227 145 97 296 374 352 367

15.6% 0.3% 7.6% 21.6% 27.7% 18.9% 26.2% -13.0% -37.8% -61.5% 8.8% 13.0% 20.5% 3.7%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

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

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Bay County Month

Cash Sales

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

Percent Change Year-over-Year

636 93 130 100 123 90 100 75 55 25 69 92 71 87

49.3% 6.9% 58.5% 38.9% 64.0% 80.0% 66.7% 38.9% 5.8% -60.9% -1.4% 3.4% 6.0% 0.0%

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

The number of Closed Sales during the month in which buyers exclusively paid in cash

2015

Cash Sales

2017

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 M A M J

Month

Cash Sales as a Percentage of Closed 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

Percent Change Year-over-Year

31.0% 25.3% 34.2% 28.7% 31.4% 31.0% 37.0% 33.0% 37.9% 25.8% 23.3% 24.6% 20.2% 23.7%

29.2% 6.8% 47.4% 14.3% 28.7% 51.2% 32.1% 59.4% 70.0% 1.6% -9.3% -8.6% -11.8% -3.7%

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

The percentage of Closed Sales during the month which were Cash Sales

2015

Percent of Closed Sales Paid in Cash

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Bay County Month

Median Sale Price

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

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

$220,000 $230,013 $218,500 $221,000 $223,000 $215,000 $210,175 $212,500 $230,000 $245,000 $230,000 $228,500 $224,950 $223,500

1.1% 2.9% -0.7% 3.8% 1.4% 4.9% -1.5% 0.2% 8.7% 16.7% 12.2% 6.3% 7.7% 7.8%

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 M A M J

Month

Average Sale Price

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

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.

2015

Average Sale Price

Median Sale Price

2016

2017

Average Sale Price

Percent Change Year-over-Year

$238,277 $258,764 $240,713 $235,187 $230,629 $227,823 $233,252 $242,551 $266,997 $288,468 $263,307 $255,641 $273,513 $262,709

-4.4% -1.5% -5.8% -3.5% -6.4% -5.0% -2.4% 3.0% 16.8% 22.5% 14.9% 1.0% 17.5% 6.1%

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Bay County Month

Dollar Volume

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

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

2017

Dollar Volume

Percent Change Year-over-Year

$488.2 Million $95.2 Million $91.5 Million $82.1 Million $90.4 Million $66.1 Million $63.0 Million $55.1 Million $38.7 Million $28.0 Million $77.9 Million $95.6 Million $96.3 Million $96.4 Million

10.5% -1.2% 1.4% 17.4% 19.5% 12.9% 23.2% -10.4% -27.3% -52.8% 25.1% 14.2% 41.7% 10.0%

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 M A M J

Month

Median Percent of Original List Price Received

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

Percent Change Year-over-Year

98.6% 98.3% 98.3% 97.6% 99.1% 99.2% 98.3% 97.6% 96.3% 97.6% 97.3% 96.8% 96.3% 97.4%

1.8% 0.9% 1.2% 0.3% 2.4% 3.3% 2.3% 0.7% 0.2% 2.2% 1.2% -0.7% -0.8% 0.5%

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

The median of the sale price (as a percentage of the original list price) across all properties selling during the month

2015

Med. Pct. of Orig. List Price Received

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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. 2015

2016

Median Time to Contract

Percent Change Year-over-Year

23 Days 22 Days 16 Days 21 Days 22 Days 33 Days 35 Days 58 Days 54 Days 43 Days 38 Days 40 Days 46 Days 40 Days

-50.0% -45.0% -57.9% -44.7% -55.1% -52.9% -44.4% 38.1% 8.0% -20.4% -13.6% 14.3% 15.0% -18.4%

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

2017

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 M A M J

Month

Median Time to Sale 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

Percent Change Year-over-Year

71 Days 74 Days 67 Days 62 Days 68 Days 88 Days 90 Days 117 Days 99 Days 89 Days 89 Days 85 Days 97 Days 85 Days

-22.0% -12.9% -17.3% -22.5% -29.9% -19.3% -21.7% 30.0% 6.5% -12.7% -6.3% -1.2% 11.5% -19.8%

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

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

2015

Median Time to Sale

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Bay County Month

New Pending Sales

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

Percent Change Year-over-Year

2,360 437 408 390 394 352 379 249 252 147 264 362 359 380

13.0% 15.0% 2.0% 9.6% 11.3% 17.3% 27.2% 10.7% 10.0% -46.5% 22.8% 1.7% 8.5% 27.1%

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

The number of listed properties that went under contract during the month

2015

New Pending Sales

2017

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 M A M J

Month

New Listings

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

Percent Change Year-over-Year

2,574 450 527 462 405 362 368 252 222 126 316 444 417 387

4.8% 16.3% 18.7% 12.7% -10.2% -0.5% -7.8% 19.4% -10.8% -60.4% 4.3% 14.1% 22.3% 8.4%

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

The number of properties put onto the market during the month

2015

New Listings

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Bay County Month

Inventory (Active Listings)

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

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

2017

Inventory

Percent Change Year-over-Year

908 956 991 886 844 868 904 871 942 1,088 1,251 1,286 1,217 1,196

-24.2% -20.1% -22.5% -30.0% -29.1% -24.6% -18.5% -14.0% -14.8% -3.8% 11.6% 16.4% 8.2% 1.4%

2018

2,000

Inventory

1,500 1,000 500 0

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

Month

Months Supply of Inventory 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

Percent Change Year-over-Year

3.2 3.2 3.4 3.0 2.9 3.1 3.3 3.2 3.4 3.9 4.2 4.4 4.2 4.2

-25.6% -23.8% -24.4% -33.3% -32.6% -24.4% -17.5% -13.5% -15.0% -4.9% 2.4% 10.0% 0.0% -4.5%

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

An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

2015

Months Supply

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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. June 2018

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

7

75.0%

$50,000 - $99,999

42

162.5%

$100,000 - $149,999

37

-14.0%

$150,000 - $199,999

56

-25.3%

$200,000 - $249,999

65

-17.7%

$250,000 - $299,999

63

40.0%

$300,000 - $399,999

61

-3.2%

$400,000 - $599,999

26

-16.1%

$600,000 - $999,999

4

-33.3%

$1,000,000 or more

7

40.0%

June 2018

$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

56 Days

-36.4%

$50,000 - $99,999

14 Days

-66.7%

$100,000 - $149,999

8 Days

-70.4%

$150,000 - $199,999

20 Days

-28.6%

$200,000 - $249,999

26 Days

-53.6%

$250,000 - $299,999

16 Days

-55.6%

$300,000 - $399,999

29 Days

-37.0%

$400,000 - $599,999

60 Days

-17.8%

$600,000 - $999,999

31 Days

-75.4%

$1,000,000 or more

24 Days

-93.4%

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

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

June 2019

Median Time to Contract by Sale Price

400 350 300 250 200 150 100 50 0

Closed Sales

Sale Price

June 2019

$100,000 $149,999

$150,000 $199,999

400 350 300 250 200 150 100 50 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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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

June 2018

New Listings

Percent Change Year-over-Year

Less than $50,000

9

80.0%

$50,000 - $99,999

31

72.2%

$100,000 - $149,999

39

21.9%

$150,000 - $199,999

75

23.0%

$200,000 - $249,999

78

-3.7%

$250,000 - $299,999

69

0.0%

$300,000 - $399,999

86

21.1%

$400,000 - $599,999

37

-7.5%

$600,000 - $999,999

13

225.0%

$1,000,000 or more

13

116.7%

June 2019

100 90 80 70 60 50 40 30 20 10 0

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

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. June 2018

250

$300,000 $399,999

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

15

275.0%

$50,000 - $99,999

43

-4.4%

$100,000 - $149,999

37

-57.0%

$150,000 - $199,999

94

-37.3%

$200,000 - $249,999

131

-35.8%

$250,000 - $299,999

169

-6.6%

$300,000 - $399,999

218

-7.6%

$400,000 - $599,999

116

-19.4%

$600,000 - $999,999

71

-19.3%

$1,000,000 or more

62

6.9%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

June 2019

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Distressed Market - June 2019 Single Family Homes Bay County

Closed Sales

June 2019

June 2018

Percent Change Year-over-Year

362

361

0.3%

$232,700

$226,000

3.0%

5

5

0.0%

$84,480

$67,700

24.8%

1

1

0.0%

$110,000

$164,500

-33.1%

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 M A M J $500K $450K

Median Sale Price

$400K $350K $300K

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

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

2015

2016

2017

2018

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Bay County June 2019

June 2018

Percent Change Year-over-Year

139

178

-21.9%

61

90

-32.2%

Median Sale Price

$228,000

$238,162

-4.3%

Average Sale Price

$249,981

$265,818

-6.0%

$34.7 Million

$47.3 Million

-26.6%

97.9%

97.7%

0.2%

Median Time to Contract

55 Days

36 Days

52.8%

Median Time to Sale

91 Days

64 Days

42.2%

New Pending Sales

176

192

-8.3%

New Listings

171

143

19.6%

Pending Inventory

361

249

45.0%

Inventory (Active Listings)

688

523

31.5%

Months Supply of Inventory

5.3

3.4

55.9%

Closed Sales

Percent Change Year-over-Year

825 139 194 153 149 101 89 79 92 92 126 178 166 178

-19.2% -21.9% 4.3% -21.1% -26.2% -27.9% -26.4% -33.6% -28.1% -28.1% -12.5% 9.9% 16.1% 5.3%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

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

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Bay County Month

Cash Sales

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

Percent Change Year-over-Year

387 61 74 69 79 48 56 33 35 47 64 78 75 90

-25.4% -32.2% -14.9% -26.6% -27.5% -33.3% -16.4% -42.1% -46.2% -33.8% 3.2% -8.2% 10.3% 21.6%

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

The number of Closed Sales during the month in which buyers exclusively paid in cash

2015

Cash Sales

2017

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 M A M J

Month

Cash Sales as a Percentage of Closed 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

Percent Change Year-over-Year

46.9% 43.9% 38.1% 45.1% 53.0% 47.5% 62.9% 41.8% 38.0% 51.1% 50.8% 43.8% 45.2% 50.6%

-7.7% -13.2% -18.6% -7.0% -1.9% -7.6% 13.5% -12.7% -25.2% -7.9% 17.9% -16.6% -5.0% 15.5%

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

The percentage of Closed Sales during the month which were Cash Sales

2015

Percent of Closed Sales Paid in Cash

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Bay County Month

Median Sale Price

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

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

$240,000 $228,000 $238,500 $249,000 $257,500 $252,500 $270,000 $238,162 $267,061 $264,000 $279,500 $240,000 $245,000 $238,162

0.0% -4.3% 0.6% 1.6% -4.8% 14.8% 10.2% -8.4% 4.7% 33.3% 25.9% -4.0% 14.0% 19.1%

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 M A M J

Month

Average Sale Price

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

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.

2015

Average Sale Price

Median Sale Price

2016

2017

Average Sale Price

Percent Change Year-over-Year

$271,296 $249,981 $272,379 $275,875 $285,103 $264,769 $278,643 $254,945 $308,433 $276,003 $289,036 $265,675 $268,549 $265,818

2.4% -6.0% 3.6% 4.7% 1.2% 10.5% 3.0% 0.7% 13.9% 18.4% 19.4% 2.8% 6.0% 16.3%

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Bay County Month

Dollar Volume

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

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

2017

Dollar Volume

Percent Change Year-over-Year

$223.8 Million $34.7 Million $52.8 Million $42.2 Million $42.5 Million $26.7 Million $24.8 Million $20.1 Million $28.4 Million $25.4 Million $36.4 Million $47.3 Million $44.6 Million $47.3 Million

-17.3% -26.6% 8.1% -17.4% -25.4% -20.3% -24.2% -33.2% -18.1% -14.9% 4.5% 13.0% 23.1% 22.5%

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 M A M J

Month

Median Percent of Original List Price Received

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

Percent Change Year-over-Year

97.1% 97.9% 98.0% 97.0% 97.2% 97.1% 95.2% 97.5% 97.2% 97.3% 96.9% 97.2% 97.0% 97.7%

0.3% 0.2% 0.7% 0.5% 0.4% 0.7% -0.8% 1.7% 1.9% 1.0% 1.4% 1.0% 1.8% 2.2%

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

The median of the sale price (as a percentage of the original list price) across all properties selling during the month

2015

Med. Pct. of Orig. List Price Received

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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. 2015

2016

Median Time to Contract

Percent Change Year-over-Year

38 Days 55 Days 43 Days 35 Days 21 Days 45 Days 50 Days 33 Days 47 Days 29 Days 21 Days 40 Days 41 Days 36 Days

2.7% 52.8% 38.7% 34.6% -51.2% -27.4% -16.7% -45.0% -41.3% -58.0% -64.4% -16.7% -32.8% -26.5%

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

2017

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 M A M J

Month

Median Time to Sale 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

Percent Change Year-over-Year

73 Days 91 Days 74 Days 74 Days 57 Days 76 Days 79 Days 78 Days 86 Days 65 Days 61 Days 77 Days 81 Days 64 Days

5.8% 42.2% 13.8% 29.8% -19.7% -13.6% -13.2% -19.6% -21.1% -42.0% -34.4% -8.3% -12.9% -22.9%

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

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

2015

Median Time to Sale

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Bay County Month

New Pending Sales

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

Percent Change Year-over-Year

1,024 176 198 154 204 160 132 194 116 84 137 222 173 192

-18.1% -8.3% -28.8% -30.3% 1.0% -13.0% -24.1% 94.0% -10.1% -40.4% 18.1% 37.0% 8.1% 12.9%

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

The number of listed properties that went under contract during the month

2015

New Pending Sales

2017

2018

Pending Sales

300 250 200 150 100 50 0

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

Month

New Listings

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

Percent Change Year-over-Year

1,117 171 145 197 198 172 234 157 221 63 149 249 180 143

-16.8% 19.6% -52.0% -27.0% -21.4% -2.8% 18.2% 91.5% 38.1% -56.8% 22.1% 34.6% 28.6% -18.8%

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

The number of properties put onto the market during the month

2015

New Listings

2017

2018

350

New Listings

300 250 200 150 100 50 0

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

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Bay County Month

Inventory (Active Listings)

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

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

2017

Inventory

Percent Change Year-over-Year

727 688 695 793 717 729 742 599 637 490 546 612 533 523

18.4% 31.5% 2.4% 18.0% 23.2% 22.9% 16.7% 1.7% -5.1% -25.9% -19.1% -12.9% -22.9% -30.5%

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 M A M J

Month

Months Supply of Inventory 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

Percent Change Year-over-Year

5.4 5.3 5.2 6.0 5.3 5.2 5.2 4.1 4.3 3.2 3.5 3.9 3.4 3.4

28.6% 55.9% 18.2% 33.3% 32.5% 26.8% 15.6% -4.7% -12.2% -34.7% -30.0% -27.8% -37.0% -43.3%

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

An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

2015

Months Supply

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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. June 2018

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

-60.0%

$100,000 - $149,999

17

-29.2%

$150,000 - $199,999

39

0.0%

$200,000 - $249,999

28

-6.7%

$250,000 - $299,999

17

-19.0%

$300,000 - $399,999

21

-38.2%

$400,000 - $599,999

14

-30.0%

$600,000 - $999,999

1

-80.0%

$1,000,000 or more

0

N/A

June 2018

$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

7 Days

-88.9%

$100,000 - $149,999

39 Days

-4.9%

$150,000 - $199,999

62 Days

67.6%

$200,000 - $249,999

104 Days

447.4%

$250,000 - $299,999

45 Days

32.4%

$300,000 - $399,999

30 Days

-26.8%

$400,000 - $599,999

38 Days

-15.6%

$600,000 - $999,999

160 Days

75.8%

$1,000,000 or more

(No Sales)

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

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

June 2019

Median Time to Contract by Sale Price

180 160 140 120 100 80 60 40 20 0

Closed Sales

Sale Price

June 2019

$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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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

June 2018

New Listings

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

3

200.0%

$100,000 - $149,999

13

-7.1%

$150,000 - $199,999

32

45.5%

$200,000 - $249,999

19

-13.6%

$250,000 - $299,999

22

22.2%

$300,000 - $399,999

38

-9.5%

$400,000 - $599,999

28

40.0%

$600,000 - $999,999

16

300.0%

$1,000,000 or more

0

N/A

June 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

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. June 2018

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

0

N/A

$50,000 - $99,999

4

-20.0%

$100,000 - $149,999

21

-60.4%

$150,000 - $199,999

69

0.0%

$200,000 - $249,999

86

38.7%

$250,000 - $299,999

84

12.0%

$300,000 - $399,999

183

38.6%

$400,000 - $599,999

178

79.8%

$600,000 - $999,999

62

129.6%

$1,000,000 or more

1

0.0%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

June 2019

$100,000 $149,999

$150,000 $199,999

200 180 160 140 120 100 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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Distressed Market - June 2019 Townhouses and Condos Bay County

Closed Sales

June 2019

June 2018

Percent Change Year-over-Year

138

177

-22.0%

$226,500

$238,162

-4.9%

0

1

-100.0%

(No Sales)

$230,000

N/A

1

0

N/A

$335,000

(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% 98%

Closed Sales

96%

94% 92% 90% 88% 86% 84% 82% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J $700K

$600K

Median Sale Price

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

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

2015

2016

2017

2018

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Manufactured Homes Bay County June 2019

June 2018

Percent Change Year-over-Year

23

18

27.8%

13

10

30.0%

Median Sale Price

$95,000

$89,500

6.1%

Average Sale Price

$95,696

$100,394

-4.7%

$2.2 Million

$1.8 Million

21.8%

91.9%

91.8%

0.1%

Median Time to Contract

32 Days

56 Days

-42.9%

Median Time to Sale

55 Days

117 Days

-53.0%

New Pending Sales

22

18

22.2%

New Listings

26

30

-13.3%

Pending Inventory

34

32

6.3%

Inventory (Active Listings)

56

80

-30.0%

Months Supply of Inventory

2.7

3.5

-22.9%

Closed Sales

Percent Change Year-over-Year

139 23 27 31 17 25 16 19 14 7 12 26 30 18

-2.8% 27.8% -15.6% 0.0% -43.3% 108.3% -20.0% -32.1% -22.2% -66.7% -47.8% 23.8% 25.0% 20.0%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

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

2017

2018

35

Closed Sales

30 25 20 15 10 5 0

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

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Manufactured Homes Bay County Month

Cash Sales

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

Percent Change Year-over-Year

83 13 21 17 13 13 6 14 8 5 5 13 16 10

-8.8% 30.0% -8.7% 0.0% -27.8% 44.4% -57.1% -12.5% -11.1% -64.3% -72.2% 0.0% 14.3% 11.1%

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

The number of Closed Sales during the month in which buyers exclusively paid in cash

2015

Cash Sales

2017

2018

25

Cash Sales

20 15 10 5 0

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

Month

Cash Sales as a Percentage of Closed 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

Percent Change Year-over-Year

59.7% 56.5% 77.8% 54.8% 76.5% 52.0% 37.5% 73.7% 57.1% 71.4% 41.7% 50.0% 53.3% 55.6%

-6.1% 1.6% 8.2% 0.0% 27.5% -30.7% -46.4% 29.1% 14.2% 7.0% -46.7% -19.2% -8.6% -7.3%

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

The percentage of Closed Sales during the month which were Cash Sales

2015

Percent of Closed Sales Paid in Cash

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Manufactured Homes Bay County Month

Median Sale Price

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

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

$95,000 $95,000 $75,000 $101,000 $92,500 $89,900 $110,500 $89,900 $69,950 $65,000 $87,475 $90,000 $91,750 $89,500

6.7% 6.1% -11.0% -1.0% -11.3% 9.6% 51.8% -2.8% -0.1% -3.7% 2.9% 13.2% 18.4% -22.8%

2018

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

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

Month

Average Sale Price

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

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.

2015

Average Sale Price

Median Sale Price

2016

2017

Average Sale Price

Percent Change Year-over-Year

$94,370 $95,696 $86,146 $101,274 $89,850 $91,736 $101,887 $97,864 $79,471 $79,257 $83,079 $94,431 $98,973 $100,394

-3.2% -4.7% -13.8% -4.3% -8.8% 5.5% 23.5% -2.9% -5.3% 6.6% -6.7% 8.1% 26.5% 5.9%

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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. 2015

2016

Month

Dollar Volume

Percent Change Year-over-Year

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

$13.1 Million $2.2 Million $2.3 Million $3.1 Million $1.5 Million $2.3 Million $1.6 Million $1.9 Million $1.1 Million $554,799 $996,948 $2.5 Million $3.0 Million $1.8 Million

-5.9% 21.8% -27.3% -4.3% -48.3% 119.8% -1.2% -34.1% -26.4% -64.5% -51.3% 33.8% 58.1% 27.1%

2017

2018

$3.5 M

Dollar Volume

$3.0 M $2.5 M $2.0 M $1.5 M $1.0 M $500,000 $0

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

Month

Median Percent of Original List Price Received

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

Percent Change Year-over-Year

91.4% 91.9% 91.4% 92.3% 93.3% 85.3% 94.4% 86.6% 91.7% 95.7% 88.2% 95.1% 90.3% 91.8%

-0.1% 0.1% 0.4% 0.4% -2.1% -6.2% 4.4% -9.1% -1.0% 5.3% -1.1% 2.9% -1.8% -0.3%

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

The median of the sale price (as a percentage of the original list price) across all properties selling during the month

2015

Med. Pct. of Orig. List Price Received

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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. 2015

2016

Median Time to Contract

Percent Change Year-over-Year

33 Days 32 Days 38 Days 18 Days 27 Days 57 Days 72 Days 35 Days 77 Days 8 Days 54 Days 23 Days 44 Days 56 Days

17.9% -42.9% 8.6% -25.0% 28.6% 29.5% 75.6% -25.5% 156.7% -89.9% 0.0% -75.3% -42.9% -47.7%

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

2017

2018

Median Time to Contract

200 150 100 50 0

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

Month

Median Time to Sale 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

Percent Change Year-over-Year

71 Days 55 Days 64 Days 75 Days 46 Days 77 Days 100 Days 91 Days 131 Days 105 Days 91 Days 63 Days 108 Days 117 Days

2.9% -53.0% -7.2% 29.3% -13.2% -28.0% 35.1% 9.6% 63.8% -25.5% -10.8% -52.3% -4.4% -17.6%

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

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

2015

Median Time to Sale

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Manufactured Homes Bay County Month

New Pending Sales

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

Percent Change Year-over-Year

148 22 28 28 25 23 22 19 27 13 20 20 32 18

-6.3% 22.2% -6.7% 0.0% -24.2% -17.9% 4.8% -29.6% 17.4% -45.8% -4.8% -23.1% 45.5% -18.2%

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

The number of listed properties that went under contract during the month

2015

New Pending Sales

2017

2018

Pending Sales

40 30 20 10 0

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

Month

New Listings

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

Percent Change Year-over-Year

171 26 24 34 32 35 20 18 20 14 26 33 36 30

-8.1% -13.3% -11.1% 36.0% -20.0% 29.6% -45.9% -5.3% -31.0% -33.3% 0.0% 6.5% 50.0% 50.0%

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

The number of properties put onto the market during the month

2015

New Listings

2017

2018

New Listings

50 40 30 20 10 0

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

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Manufactured Homes Bay County Month

Inventory (Active Listings)

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

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

2017

Inventory

Percent Change Year-over-Year

63 56 56 68 71 68 59 64 68 81 89 90 83 80

-25.0% -30.0% -26.3% -19.0% -19.3% -22.7% -33.7% -11.1% -22.7% -4.7% -6.3% -2.2% -6.7% -14.0%

2018

200

Inventory

150 100 50 0

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

Month

Months Supply of Inventory 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

Percent Change Year-over-Year

3.0 2.7 2.8 3.3 3.4 3.1 2.9 3.1 3.1 3.7 3.8 3.7 3.5 3.5

-23.1% -22.9% -15.2% -15.4% -19.0% -26.2% -27.5% -3.1% -24.4% -7.5% -13.6% -14.0% -14.6% -18.6%

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

An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

2015

Months Supply

2017

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 M A M J

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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Manufactured Homes Bay County

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

Closed Sales

12

Closed Sales

Percent Change Year-over-Year

Less than $50,000

6

500.0%

$50,000 - $99,999

6

-45.5%

$100,000 - $149,999

7

133.3%

$150,000 - $199,999

3

50.0%

$200,000 - $249,999

1

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

Sale Price

June 2019

12

10

10

8

8

6

6

4

4

2

2

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

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

Median Time to Contract

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

$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

17 Days

-54.1%

$50,000 - $99,999

73 Days

12.3%

$100,000 - $149,999

13 Days

44.4%

$150,000 - $199,999

35 Days

-74.8%

$200,000 - $249,999

290 Days

314.3%

$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

350

$300,000 $399,999

June 2019

350

300

300

250

250

200

200

150

150

100

100

50

50

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

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

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 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

June 2018

New Listings

Percent Change Year-over-Year

Less than $50,000

2

100.0%

$50,000 - $99,999

5

-70.6%

$100,000 - $149,999

11

37.5%

$150,000 - $199,999

2

-33.3%

$200,000 - $249,999

4

N/A

$250,000 - $299,999

2

N/A

$300,000 - $399,999

0

N/A

$400,000 - $599,999

0

-100.0%

$600,000 - $999,999

0

N/A

$1,000,000 or more

0

N/A

June 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

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. June 2018

40 35 30 25 20 15 10 5 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

4

-42.9%

$50,000 - $99,999

13

-61.8%

$100,000 - $149,999

23

-11.5%

$150,000 - $199,999

8

100.0%

$200,000 - $249,999

5

-16.7%

$250,000 - $299,999

3

50.0%

$300,000 - $399,999

0

N/A

$400,000 - $599,999

0

-100.0%

$600,000 - $999,999

0

N/A

$1,000,000 or more

0

N/A

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

June 2019

$100,000 $149,999

$150,000 $199,999

40 35 30 25 20 15 10 5 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, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Distressed Market - June 2019 Manufactured Homes Bay County

Closed Sales

June 2019

June 2018

Percent Change Year-over-Year

21

17

23.5%

$100,000

$92,000

8.7%

1

1

0.0%

$35,000

$85,000

-58.8%

1

0

N/A

$35,000

(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 M A M J $140K

$120K

Median Sale Price

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

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

2015

2016

2017

2018

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


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