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.