Bay County Monthly Marketing Report June 2020

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

June 2019

Percent Change Year-over-Year

460

368

25.0%

97

93

4.3%

Median Sale Price

$244,000

$230,013

6.1%

Average Sale Price

$284,517

$258,764

10.0%

$130.9 Million

$95.2 Million

37.4%

96.0%

98.3%

-2.3%

Median Time to Contract

46 Days

22 Days

109.1%

Median Time to Sale

89 Days

74 Days

20.3%

New Pending Sales

480

437

9.8%

New Listings

406

450

-9.8%

Pending Inventory

609

653

-6.7%

Inventory (Active Listings)

1,225

956

28.1%

Months Supply of Inventory

3.7

3.2

15.6%

Closed Sales

Percent Change Year-over-Year

1,922 460 287 252 342 300 281 305 289 348 357 378 420 368

-6.2% 25.0% -24.5% -27.8% -12.8% 3.4% 4.1% 34.4% 99.3% 258.8% 20.6% 1.1% 19.3% 0.3%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

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

2016

2017

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Market Detail - June 2020 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.

2017

Percent Change Year-over-Year

454 97 71 54 78 75 79 69 82 88 86 84 92 93

-28.6% 4.3% -45.4% -46.0% -36.6% -16.7% -21.0% -8.0% 49.1% 252.0% 24.6% -8.7% 29.6% 6.9%

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

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

2016

Cash Sales

2018

2019

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

2017

Percent Change Year-over-Year

23.6% 21.1% 24.7% 21.4% 22.8% 25.0% 28.1% 22.6% 28.4% 25.3% 24.1% 22.2% 21.9% 25.3%

-23.9% -16.6% -27.8% -25.4% -27.4% -19.4% -24.1% -31.5% -25.1% -1.9% 3.4% -9.8% 8.4% 6.8%

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

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

2016

Percent of Closed Sales Paid in Cash

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

Median Sale Price

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

The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.

Median Sale Price

2016

2017

2018

Percent Change Year-over-Year

$240,000 $244,000 $233,500 $239,000 $239,950 $267,000 $225,000 $246,250 $238,025 $235,788 $242,000 $230,000 $235,000 $230,013

9.1% 6.1% 6.9% 8.1% 7.6% 24.2% 7.1% 15.9% 3.5% -3.8% 5.2% 0.7% 4.5% 2.9%

2019

$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 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019

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

2016

Average Sale Price

Median Sale Price

2017

2018

Average Sale Price

Percent Change Year-over-Year

$267,356 $284,517 $241,425 $282,210 $261,368 $277,964 $248,389 $271,117 $266,949 $254,680 $270,891 $284,763 $252,428 $258,764

12.2% 10.0% 0.3% 20.0% 13.3% 22.0% 6.5% 11.8% 0.0% -11.7% 2.9% 11.4% -7.7% -1.5%

2019

$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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

Dollar Volume

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

The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually.

2016

2017

2018

Dollar Volume

Percent Change Year-over-Year

$513.9 Million $130.9 Million $69.3 Million $71.1 Million $89.4 Million $83.4 Million $69.8 Million $82.7 Million $77.1 Million $88.6 Million $96.7 Million $107.6 Million $106.0 Million $95.2 Million

5.2% 37.4% -24.3% -13.4% -1.1% 26.2% 10.8% 50.2% 99.3% 216.7% 24.1% 12.6% 10.1% -1.2%

2019

$140 M

Dollar Volume

$120 M $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

2017

Percent Change Year-over-Year

95.9% 96.0% 95.4% 96.0% 96.0% 96.2% 95.8% 97.0% 96.9% 97.1% 97.7% 98.0% 98.2% 98.3%

-2.7% -2.3% -3.0% -1.6% -3.1% -3.0% -2.5% -0.6% 0.6% -0.5% 0.4% 1.2% 2.0% 0.9%

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

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

2016

Med. Pct. of Orig.

List Price Received

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

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

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

2016

2017

Median Time to Contract

Percent Change Year-over-Year

42 Days 46 Days 42 Days 36 Days 37 Days 46 Days 42 Days 35 Days 23 Days 21 Days 28 Days 22 Days 26 Days 22 Days

82.6% 109.1% 162.5% 71.4% 68.2% 39.4% 20.0% -39.7% -57.4% -51.2% -26.3% -45.0% -43.5% -45.0%

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

2018

2019

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

2017

Percent Change Year-over-Year

91 Days 89 Days 86 Days 90 Days 82 Days 93 Days 99 Days 84 Days 69 Days 66 Days 79 Days 70 Days 72 Days 74 Days

28.2% 20.3% 28.4% 45.2% 20.6% 5.7% 10.0% -28.2% -30.3% -25.8% -11.2% -17.6% -25.8% -12.9%

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

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

2016

Median Time to Sale

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Market Detail - June 2020 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.

2017

Percent Change Year-over-Year

2,295 480 492 302 274 378 369 224 275 320 304 388 398 437

-2.8% 9.8% 20.6% -22.6% -30.5% 7.4% -2.6% -10.0% 9.1% 117.7% 15.2% 7.2% 10.9% 15.0%

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

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

2016

New Pending Sales

2018

2019

Pending Sales

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

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.

2017

Percent Change Year-over-Year

2,615 406 516 421 436 420 416 328 349 474 460 479 444 450

1.6% -9.8% -2.1% -8.9% 7.7% 16.0% 13.0% 30.2% 57.2% 276.2% 45.6% 7.9% 6.5% 16.3%

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

The number of properties put onto the market during the month

2016

New Listings

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

Inventory (Active Listings)

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

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

2016

2017

2018

Inventory

Percent Change Year-over-Year

1,295 1,225 1,394 1,452 1,352 1,199 1,150 1,085 1,213 1,170 1,068 1,042 979 956

42.6% 28.1% 40.7% 63.9% 60.2% 38.1% 27.2% 24.6% 28.8% 7.5% -14.6% -19.0% -19.6% -20.1%

2019

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

2017

Percent Change Year-over-Year

4.0 3.7 4.3 4.3 3.9 3.5 3.3 3.1 3.6 3.6 3.5 3.5 3.3 3.2

25.0% 15.6% 26.5% 43.3% 34.5% 12.9% 0.0% -3.1% 5.9% -7.7% -16.7% -20.5% -21.4% -23.8%

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

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

2016

Months Supply

2018

2019

7.0 6.0 5.0 4.0 3.0 2.0 1.0 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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Market Detail - June 2020 Single Family 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 2019

Closed Sales

120

Closed Sales

Percent Change Year-over-Year

Less than $50,000

4

-42.9%

$50,000 - $99,999

22

-47.6%

$100,000 - $149,999

38

2.7%

$150,000 - $199,999

65

16.1%

$200,000 - $249,999

110

69.2%

$250,000 - $299,999

76

20.6%

$300,000 - $399,999

88

44.3%

$400,000 - $599,999

38

46.2%

$600,000 - $999,999

11

175.0%

$1,000,000 or more

8

14.3%

Sale Price

June 2020

120

100

100

80

80

60

60

40

40

20

20

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The 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 2019

Less than $50,000

$50,000 $99,999

$400,000 $599,999

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

Percent Change Year-over-Year

Less than $50,000

65 Days

16.1%

$50,000 - $99,999

17 Days

21.4%

$100,000 - $149,999

45 Days

462.5%

$150,000 - $199,999

47 Days

135.0%

$200,000 - $249,999

44 Days

69.2%

$250,000 - $299,999

65 Days

306.3%

$300,000 - $399,999

43 Days

48.3%

$400,000 - $599,999

51 Days

-15.0%

$600,000 - $999,999

189 Days

509.7%

$1,000,000 or more

112 Days

366.7%

Sale Price

Median Time to Contract by Sale Price

200 180 160 140 120 100 80 60 40 20 0

$300,000 $399,999

June 2020

$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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Market Detail - June 2020 Single Family Homes Bay County

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

New Listings

June 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

5

-44.4%

$50,000 - $99,999

17

-45.2%

$100,000 - $149,999

26

-33.3%

$150,000 - $199,999

41

-45.3%

$200,000 - $249,999

80

2.6%

$250,000 - $299,999

64

-7.2%

$300,000 - $399,999

99

15.1%

$400,000 - $599,999

53

43.2%

$600,000 - $999,999

18

38.5%

$1,000,000 or more

3

-76.9%

June 2020

120

120

100

100

80

80

60

60

40

40

20

20

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

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

June 2019

Inventory

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

6

-60.0%

$50,000 - $99,999

30

-30.2%

$100,000 - $149,999

59

59.5%

$150,000 - $199,999

178

89.4%

$200,000 - $249,999

223

70.2%

$250,000 - $299,999

194

14.8%

$300,000 - $399,999

266

22.0%

$400,000 - $599,999

139

19.8%

$600,000 - $999,999

77

8.5%

$1,000,000 or more

53

-14.5%

Current Listing Price

Inventory by Current Listing Price

300

$300,000 $399,999

June 2020

300

250

250

200

200

150

150

100

100

50

50

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

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

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

Data released on Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Distressed Market - June 2020 Single Family Homes Bay County

Closed Sales

June 2020

June 2019

Percent Change Year-over-Year

453

362

25.1%

$245,000

$232,700

5.3%

4

5

-20.0%

$108,500

$84,480

28.4%

3

1

200.0%

$128,000

$110,000

16.4%

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

2016

2017

Traditional

2018

Foreclosure/REO

2019

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

2016

2017

2018

2019

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

Data released on Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

June 2019

Percent Change Year-over-Year

169

139

21.6%

79

61

29.5%

Median Sale Price

$260,000

$228,000

14.0%

Average Sale Price

$295,783

$249,981

18.3%

$50.0 Million

$34.7 Million

43.9%

96.3%

97.9%

-1.6%

Median Time to Contract

61 Days

55 Days

10.9%

Median Time to Sale

94 Days

91 Days

3.3%

New Pending Sales

256

176

45.5%

New Listings

166

171

-2.9%

Pending Inventory

468

361

29.6%

Inventory (Active Listings)

651

688

-5.4%

Months Supply of Inventory

4.8

5.3

-9.4%

Closed Sales

Percent Change Year-over-Year

761 169 97 81 145 129 140 124 140 143 148 166 135 139

-7.8% 21.6% -50.0% -47.1% -2.7% 27.7% 57.3% 57.0% 52.2% 55.4% 17.5% -6.7% -18.7% -21.9%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

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

2016

2017

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Market Detail - June 2020 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.

2017

Percent Change Year-over-Year

317 79 36 30 53 54 65 48 53 46 49 67 45 61

-18.1% 29.5% -51.4% -56.5% -32.9% 12.5% 16.1% 45.5% 51.4% -2.1% -23.4% -14.1% -40.0% -32.2%

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

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

2016

Cash Sales

2018

2019

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

2017

Percent Change Year-over-Year

41.7% 46.7% 37.1% 37.0% 36.6% 41.9% 46.4% 38.7% 37.9% 32.2% 33.1% 40.4% 33.3% 43.9%

-11.1% 6.4% -2.6% -18.0% -30.9% -11.8% -26.2% -7.4% -0.3% -37.0% -34.8% -7.8% -26.3% -13.2%

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

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

2016

Percent of Closed Sales Paid in Cash

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

Median Sale Price

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

The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.

Median Sale Price

2016

2017

2018

Percent Change Year-over-Year

$259,000 $260,000 $282,500 $241,000 $250,000 $272,000 $255,500 $245,000 $261,000 $265,000 $263,000 $261,000 $240,000 $228,000

7.9% 14.0% 18.4% -3.2% -2.9% 7.7% -5.4% 2.9% -2.3% 0.4% -5.9% 8.8% -2.0% -4.3%

2019

$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 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019

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

2016

Average Sale Price

Median Sale Price

2017

2018

Average Sale Price

Percent Change Year-over-Year

$290,067 $295,783 $293,245 $266,212 $282,969 $302,353 $290,796 $273,917 $287,743 $278,643 $282,578 $287,472 $287,583 $249,981

6.9% 18.3% 7.7% -3.5% -0.7% 14.2% 4.4% 7.4% -6.7% 1.0% -2.2% 8.2% 7.1% -6.0%

2019

$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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

Dollar Volume

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

The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually.

2016

2017

2018

Dollar Volume

Percent Change Year-over-Year

$220.7 Million $50.0 Million $28.4 Million $21.6 Million $41.0 Million $39.0 Million $40.7 Million $34.0 Million $40.3 Million $39.8 Million $41.8 Million $47.7 Million $38.8 Million $34.7 Million

-1.4% 43.9% -46.2% -48.9% -3.4% 45.9% 64.2% 68.6% 42.0% 56.9% 14.8% 0.9% -12.9% -26.6%

2019

$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

2017

Percent Change Year-over-Year

96.5% 96.3% 96.4% 96.5% 97.2% 96.6% 96.9% 96.0% 97.3% 97.2% 97.0% 97.1% 96.9% 97.9%

-0.6% -1.6% -1.6% -0.5% 0.0% -0.5% 1.8% -1.5% 0.1% -0.1% 0.1% -0.1% -0.1% 0.2%

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

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

2016

Med. Pct. of Orig.

List Price Received

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

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

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

2016

2017

Median Time to Contract

Percent Change Year-over-Year

60 Days 61 Days 55 Days 59 Days 62 Days 70 Days 38 Days 37 Days 33 Days 30 Days 36 Days 68 Days 83 Days 55 Days

57.9% 10.9% 27.9% 68.6% 195.2% 55.6% -24.0% 12.1% -29.8% 3.4% 71.4% 70.0% 102.4% 52.8%

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

2018

2019

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

2017

Percent Change Year-over-Year

96 Days 94 Days 84 Days 94 Days 98 Days 105 Days 87 Days 82 Days 63 Days 71 Days 75 Days 101 Days 123 Days 91 Days

31.5% 3.3% 13.5% 27.0% 71.9% 38.2% 10.1% 5.1% -26.7% 9.2% 23.0% 31.2% 51.9% 42.2%

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

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

2016

Median Time to Sale

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Market Detail - June 2020 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.

2017

Percent Change Year-over-Year

973 256 209 64 95 170 179 144 111 189 144 177 185 176

-5.0% 45.5% 5.6% -58.4% -53.4% 6.3% 35.6% -25.8% -4.3% 125.0% 5.1% -20.3% 6.9% -8.3%

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

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

2016

New Pending Sales

2018

2019

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.

2017

Percent Change Year-over-Year

1,052 166 197 142 192 171 184 143 151 177 203 228 182 171

-5.8% -2.9% 35.9% -27.9% -3.0% -0.6% -21.4% -8.9% -31.7% 181.0% 36.2% -8.4% 1.1% 19.6%

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

The number of properties put onto the market during the month

2016

New Listings

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

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

Inventory (Active Listings)

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

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

2016

2017

2018

Inventory

Percent Change Year-over-Year

779 651 832 891 827 733 740 742 772 746 765 766 737 688

7.2% -5.4% 19.7% 12.4% 15.3% 0.5% -0.3% 23.9% 21.2% 52.2% 40.1% 25.2% 38.3% 31.5%

2019

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

2017

Percent Change Year-over-Year

6.0 4.8 6.3 6.3 5.7 5.0 5.1 5.3 5.7 5.6 6.0 6.1 5.8 5.3

11.1% -9.4% 21.2% 5.0% 7.5% -3.8% -1.9% 29.3% 32.6% 75.0% 71.4% 56.4% 70.6% 55.9%

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

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

2016

Months Supply

2018

2019

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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Market Detail - June 2020 Townhouses and Condos Bay County

Closed Sales by Sale Price The number of sales transactions which closed during the month

Closed Sales

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

June 2019

45 40 35 30 25 20 15 10 5 0 Less than $50,000

$50,000 $99,999

Less than $50,000

0

N/A

$50,000 - $99,999

3

50.0%

$100,000 - $149,999

12

-29.4%

$150,000 - $199,999

29

-25.6%

$200,000 - $249,999

31

10.7%

$250,000 - $299,999

27

58.8%

$300,000 - $399,999

36

71.4%

$400,000 - $599,999

25

78.6%

$600,000 - $999,999

6

500.0%

$1,000,000 or more

0

N/A

$100,000 $149,999

$150,000 $199,999

45 40 35 30 25 20 15 10 5 0 $200,000 $249,999

$250,000 $299,999

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

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

June 2019

$300,000 $399,999

$400,000 $599,999

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

Percent Change Year-over-Year

Less than $50,000

(No Sales)

N/A

$50,000 - $99,999

181 Days

2485.7%

$100,000 - $149,999

239 Days

512.8%

$150,000 - $199,999

82 Days

32.3%

$200,000 - $249,999

51 Days

-51.0%

$250,000 - $299,999

54 Days

20.0%

$300,000 - $399,999

60 Days

100.0%

$400,000 - $599,999

57 Days

50.0%

$600,000 - $999,999

73 Days

-54.4%

$1,000,000 or more

(No Sales)

N/A

Sale Price

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

Median Time to Contract

Percent Change Year-over-Year

June 2020

Median Time to Contract by Sale Price

300

Closed Sales

Sale Price

June 2020

300

250

250

200

200

150

150

100

100

50

50

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

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

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

Data released on Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Market Detail - June 2020 Townhouses and Condos Bay County

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

New Listings

June 2019

New Listings

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

2

-33.3%

$100,000 - $149,999

10

-23.1%

$150,000 - $199,999

24

-25.0%

$200,000 - $249,999

22

15.8%

$250,000 - $299,999

29

31.8%

$300,000 - $399,999

40

5.3%

$400,000 - $599,999

36

28.6%

$600,000 - $999,999

3

-81.3%

$1,000,000 or more

0

N/A

June 2020

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 2019

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

8

100.0%

$100,000 - $149,999

26

23.8%

$150,000 - $199,999

66

-4.3%

$200,000 - $249,999

71

-17.4%

$250,000 - $299,999

66

-21.4%

$300,000 - $399,999

177

-3.3%

$400,000 - $599,999

189

6.2%

$600,000 - $999,999

46

-25.8%

$1,000,000 or more

2

100.0%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

June 2020

$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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.

Monthly Distressed Market - June 2020 Townhouses and Condos Bay County

Closed Sales

June 2020

June 2019

Percent Change Year-over-Year

168

138

21.7%

$259,000

$226,500

14.3%

1

0

N/A

$270,000

(No Sales)

N/A

0

1

-100.0%

(No Sales)

$335,000

N/A

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

2016

2017

Traditional

2018

Foreclosure/REO

2019

Short Sale

100%

Closed Sales

98%

96% 94% 92% 90% 88% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 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

2016

2017

2018

2019

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

Data released on Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.