Monthly Market Detail - May 2020 Single Family Homes Bay County May 2020
May 2019
Percent Change Year-over-Year
287
380
-24.5%
71
130
-45.4%
Median Sale Price
$233,500
$218,500
6.9%
Average Sale Price
$241,425
$240,713
0.3%
$69.3 Million
$91.5 Million
-24.3%
95.4%
98.3%
-3.0%
Median Time to Contract
42 Days
16 Days
162.5%
Median Time to Sale
86 Days
67 Days
28.4%
New Pending Sales
492
408
20.6%
New Listings
516
527
-2.1%
Pending Inventory
637
608
4.8%
Inventory (Active Listings)
1,394
991
40.7%
Months Supply of Inventory
4.3
3.4
26.5%
Closed Sales
Percent Change Year-over-Year
1,462 287 252 342 300 281 305 289 348 357 378 420 368 380
-13.0% -24.5% -27.8% -12.8% 3.4% 4.1% 34.4% 99.3% 258.8% 20.6% 1.1% 19.3% 0.3% 7.6%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 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
357 71 54 78 75 79 69 82 88 86 84 92 93 130
-34.3% -45.4% -46.0% -36.6% -16.7% -21.0% -8.0% 49.1% 252.0% 24.6% -8.7% 29.6% 6.9% 58.5%
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
Month
Cash Sales as a Percentage of Closed Sales
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The percentage of Closed Sales during the month which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Pct. of Closed Sales Paid in Cash
2016
2017
2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
24.4% 24.7% 21.4% 22.8% 25.0% 28.1% 22.6% 28.4% 25.3% 24.1% 22.2% 21.9% 25.3% 34.2%
-24.5% -27.8% -25.4% -27.4% -19.4% -24.1% -31.5% -25.1% -1.9% 3.4% -9.8% 8.4% 6.8% 47.4%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Single Family Homes Bay County Month
Median Sale Price
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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 $233,500 $239,000 $239,950 $267,000 $225,000 $246,250 $238,025 $235,788 $242,000 $230,000 $235,000 $230,013 $218,500
10.3% 6.9% 8.1% 7.6% 24.2% 7.1% 15.9% 3.5% -3.8% 5.2% 0.7% 4.5% 2.9% -0.7%
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
Month
Average Sale Price
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
$261,956 $241,425 $282,210 $261,368 $277,964 $248,389 $271,117 $266,949 $254,680 $270,891 $284,763 $252,428 $258,764 $240,713
12.0% 0.3% 20.0% 13.3% 22.0% 6.5% 11.8% 0.0% -11.7% 2.9% 11.4% -7.7% -1.5% -5.8%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Single Family Homes Bay County Month
Dollar Volume
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
$383.0 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 $91.5 Million
-2.6% -24.3% -13.4% -1.1% 26.2% 10.8% 50.2% 99.3% 216.7% 24.1% 12.6% 10.1% -1.2% 1.4%
2019
$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
Month
Median Percent of Original List Price Received
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Med. Pct. of Orig. List Price Received
2016
2017
2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
95.9% 95.4% 96.0% 96.0% 96.2% 95.8% 97.0% 96.9% 97.1% 97.7% 98.0% 98.2% 98.3% 98.3%
-2.7% -3.0% -1.6% -3.1% -3.0% -2.5% -0.6% 0.6% -0.5% 0.4% 1.2% 2.0% 0.9% 1.2%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Single Family Homes Bay County Month
Median Time to Contract
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
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
2018
Median Time to Contract
Percent Change Year-over-Year
39 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 16 Days
69.6% 162.5% 71.4% 68.2% 39.4% 20.0% -39.7% -57.4% -51.2% -26.3% -45.0% -43.5% -45.0% -57.9%
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
Month
Median Time to Sale
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Median Time to Sale
2016
2017
2018
Median Time to Sale
Percent Change Year-over-Year
91 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 67 Days
30.0% 28.4% 45.2% 20.6% 5.7% 10.0% -28.2% -30.3% -25.8% -11.2% -17.6% -25.8% -12.9% -17.3%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Single Family Homes Bay County Month
New Pending Sales
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The number of listed properties that went under contract during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. 2016
2017
2018
New Pending Sales
Percent Change Year-over-Year
1,815 492 302 274 378 369 224 275 320 304 388 398 437 408
-5.6% 20.6% -22.6% -30.5% 7.4% -2.6% -10.0% 9.1% 117.7% 15.2% 7.2% 10.9% 15.0% 2.0%
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
Month
New Listings
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. 2016
2017
2018
New Listings
Percent Change Year-over-Year
2,209 516 421 436 420 416 328 349 474 460 479 444 450 527
4.0% -2.1% -8.9% 7.7% 16.0% 13.0% 30.2% 57.2% 276.2% 45.6% 7.9% 6.5% 16.3% 18.7%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Single Family Homes Bay County Month
Inventory (Active Listings)
YTD (Monthly Avg) May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
1,309 1,394 1,452 1,352 1,199 1,150 1,085 1,213 1,170 1,068 1,042 979 956 991
45.6% 40.7% 63.9% 60.2% 38.1% 27.2% 24.6% 28.8% 7.5% -14.6% -19.0% -19.6% -20.1% -22.5%
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
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 4.3 4.3 3.9 3.5 3.3 3.1 3.6 3.6 3.5 3.5 3.3 3.2 3.4
29.0% 26.5% 43.3% 34.5% 12.9% 0.0% -3.1% 5.9% -7.7% -16.7% -20.5% -21.4% -23.8% -24.4%
YTD (Monthly Avg) May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Single Family Homes Bay County
Closed Sales by Sale Price The number of sales transactions which closed during the month
Closed Sales
Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. May 2019
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
9
-62.5%
$50,000 - $99,999
21
-32.3%
$100,000 - $149,999
25
-34.2%
$150,000 - $199,999
49
-35.5%
$200,000 - $249,999
62
-4.6%
$250,000 - $299,999
48
-2.0%
$300,000 - $399,999
52
-18.8%
$400,000 - $599,999
20
-4.8%
$600,000 - $999,999
0
-100.0%
$1,000,000 or more
1
-75.0%
May 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
11 Days
83.3%
$50,000 - $99,999
33 Days
266.7%
$100,000 - $149,999
39 Days
200.0%
$150,000 - $199,999
54 Days
237.5%
$200,000 - $249,999
43 Days
138.9%
$250,000 - $299,999
55 Days
120.0%
$300,000 - $399,999
29 Days
45.0%
$400,000 - $599,999
45 Days
66.7%
$600,000 - $999,999
(No Sales)
N/A
$1,000,000 or more
384 Days
322.0%
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
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
May 2020
Median Time to Contract by Sale Price
450 400 350 300 250 200 150 100 50 0
Closed Sales
Sale Price
May 2020
$100,000 $149,999
$150,000 $199,999
450 400 350 300 250 200 150 100 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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 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
May 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
9
-47.1%
$50,000 - $99,999
27
-22.9%
$100,000 - $149,999
31
-31.1%
$150,000 - $199,999
61
-18.7%
$200,000 - $249,999
104
30.0%
$250,000 - $299,999
75
-24.2%
$300,000 - $399,999
124
24.0%
$400,000 - $599,999
52
8.3%
$600,000 - $999,999
20
25.0%
$1,000,000 or more
13
8.3%
May 2020
140
140
120
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
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. May 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
8
-50.0%
$50,000 - $99,999
33
-8.3%
$100,000 - $149,999
69
76.9%
$150,000 - $199,999
193
82.1%
$200,000 - $249,999
257
93.2%
$250,000 - $299,999
230
25.0%
$300,000 - $399,999
295
28.3%
$400,000 - $599,999
163
34.7%
$600,000 - $999,999
78
14.7%
$1,000,000 or more
68
17.2%
Current Listing Price
Inventory by Current Listing Price
350
$300,000 $399,999
May 2020
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Distressed Market - May 2020 Single Family Homes Bay County
Closed Sales
May 2020
May 2019
Percent Change Year-over-Year
282
375
-24.8%
$233,800
$219,000
6.8%
4
5
-20.0%
$125,000
$135,000
-7.4%
1
0
N/A
$115,000
(No Sales)
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2016
2017
Traditional
2018
Foreclosure/REO
2019
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 $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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Townhouses and Condos Bay County May 2020
May 2019
Percent Change Year-over-Year
97
194
-50.0%
36
74
-51.4%
Median Sale Price
$282,500
$238,500
18.4%
Average Sale Price
$293,245
$272,379
7.7%
$28.4 Million
$52.8 Million
-46.2%
96.4%
98.0%
-1.6%
Median Time to Contract
55 Days
43 Days
27.9%
Median Time to Sale
84 Days
74 Days
13.5%
New Pending Sales
209
198
5.6%
New Listings
197
145
35.9%
Pending Inventory
405
339
19.5%
Inventory (Active Listings)
832
695
19.7%
Months Supply of Inventory
6.3
5.2
21.2%
Closed Sales
Percent Change Year-over-Year
592 97 81 145 129 140 124 140 143 148 166 135 139 194
-13.7% -50.0% -47.1% -2.7% 27.7% 57.3% 57.0% 52.2% 55.4% 17.5% -6.7% -18.7% -21.9% 4.3%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 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
238 36 30 53 54 65 48 53 46 49 67 45 61 74
-27.0% -51.4% -56.5% -32.9% 12.5% 16.1% 45.5% 51.4% -2.1% -23.4% -14.1% -40.0% -32.2% -14.9%
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
Month
Cash Sales as a Percentage of Closed Sales
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The percentage of Closed Sales during the month which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Pct. of Closed Sales Paid in Cash
2016
2017
2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
40.2% 37.1% 37.0% 36.6% 41.9% 46.4% 38.7% 37.9% 32.2% 33.1% 40.4% 33.3% 43.9% 38.1%
-15.4% -2.6% -18.0% -30.9% -11.8% -26.2% -7.4% -0.3% -37.0% -34.8% -7.8% -26.3% -13.2% -18.6%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Townhouses and Condos Bay County Month
Median Sale Price
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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 $282,500 $241,000 $250,000 $272,000 $255,500 $245,000 $261,000 $265,000 $263,000 $261,000 $240,000 $228,000 $238,500
3.6% 18.4% -3.2% -2.9% 7.7% -5.4% 2.9% -2.3% 0.4% -5.9% 8.8% -2.0% -4.3% 0.6%
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
Month
Average Sale Price
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
$288,435 $293,245 $266,212 $282,969 $302,353 $290,796 $273,917 $287,743 $278,643 $282,578 $287,472 $287,583 $249,981 $272,379
4.7% 7.7% -3.5% -0.7% 14.2% 4.4% 7.4% -6.7% 1.0% -2.2% 8.2% 7.1% -6.0% 3.6%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Townhouses and Condos Bay County Month
Dollar Volume
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
$170.8 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 $52.8 Million
-9.7% -46.2% -48.9% -3.4% 45.9% 64.2% 68.6% 42.0% 56.9% 14.8% 0.9% -12.9% -26.6% 8.1%
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
Month
Median Percent of Original List Price Received
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Med. Pct. of Orig. List Price Received
2016
2017
2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.6% 96.4% 96.5% 97.2% 96.6% 96.9% 96.0% 97.3% 97.2% 97.0% 97.1% 96.9% 97.9% 98.0%
-0.4% -1.6% -0.5% 0.0% -0.5% 1.8% -1.5% 0.1% -0.1% 0.1% -0.1% -0.1% 0.2% 0.7%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Townhouses and Condos Bay County Month
Median Time to Contract
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
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
2018
Median Time to Contract
Percent Change Year-over-Year
58 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 43 Days
70.6% 27.9% 68.6% 195.2% 55.6% -24.0% 12.1% -29.8% 3.4% 71.4% 70.0% 102.4% 52.8% 38.7%
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
Month
Median Time to Sale
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Median Time to Sale
2016
2017
2018
Median Time to Sale
Percent Change Year-over-Year
92 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 74 Days
31.4% 13.5% 27.0% 71.9% 38.2% 10.1% 5.1% -26.7% 9.2% 23.0% 31.2% 51.9% 42.2% 13.8%
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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 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
717 209 64 95 170 179 144 111 189 144 177 185 176 198
-15.4% 5.6% -58.4% -53.4% 6.3% 35.6% -25.8% -4.3% 125.0% 5.1% -20.3% 6.9% -8.3% -28.8%
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
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
886 197 142 192 171 184 143 151 177 203 228 182 171 145
-6.3% 35.9% -27.9% -3.0% -0.6% -21.4% -8.9% -31.7% 181.0% 36.2% -8.4% 1.1% 19.6% -52.0%
Year-to-Date May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Townhouses and Condos Bay County Month
Inventory (Active Listings)
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.
2017
Percent Change Year-over-Year
805 832 891 827 733 740 742 772 746 765 766 737 688 695
9.5% 19.7% 12.4% 15.3% 0.5% -0.3% 23.9% 21.2% 52.2% 40.1% 25.2% 38.3% 31.5% 2.4%
YTD (Monthly Avg) May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019
The number of property listings active at the end of the month
2016
Inventory
2018
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
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 6.3 6.3 5.7 5.0 5.1 5.3 5.7 5.6 6.0 6.1 5.8 5.3 5.2
11.1% 21.2% 5.0% 7.5% -3.8% -1.9% 29.3% 32.6% 75.0% 71.4% 56.4% 70.6% 55.9% 18.2%
YTD (Monthly Avg) May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 2020 Townhouses and Condos 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. May 2019
Closed Sales
60
Closed Sales
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
0
-100.0%
$100,000 - $149,999
11
-52.2%
$150,000 - $199,999
13
-74.0%
$200,000 - $249,999
13
-59.4%
$250,000 - $299,999
22
15.8%
$300,000 - $399,999
23
-47.7%
$400,000 - $599,999
12
-25.0%
$600,000 - $999,999
3
-62.5%
$1,000,000 or more
0
N/A
Sale Price
May 2020
60
50
50
40
40
30
30
20
20
10
10
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The 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. May 2019
$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
(No Sales)
N/A
$100,000 - $149,999
20 Days
0.0%
$150,000 - $199,999
11 Days
-87.2%
$200,000 - $249,999
76 Days
-17.4%
$250,000 - $299,999
48 Days
60.0%
$300,000 - $399,999
45 Days
50.0%
$400,000 - $599,999
34 Days
70.0%
$600,000 - $999,999
254 Days
7.6%
$1,000,000 or more
(No Sales)
N/A
Sale Price
Median Time to Contract by Sale Price
300
$300,000 $399,999
May 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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Market Detail - May 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
May 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
1
N/A
$100,000 - $149,999
12
-33.3%
$150,000 - $199,999
33
83.3%
$200,000 - $249,999
24
-11.1%
$250,000 - $299,999
27
50.0%
$300,000 - $399,999
50
61.3%
$400,000 - $599,999
40
37.9%
$600,000 - $999,999
10
150.0%
$1,000,000 or more
0
N/A
May 2020
60
60
50
50
40
40
30
30
20
20
10
10
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. May 2019
Inventory
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
11
1000.0%
$100,000 - $149,999
28
16.7%
$150,000 - $199,999
86
14.7%
$200,000 - $249,999
102
21.4%
$250,000 - $299,999
86
3.6%
$300,000 - $399,999
219
17.1%
$400,000 - $599,999
221
23.5%
$600,000 - $999,999
75
23.0%
$1,000,000 or more
4
300.0%
Current Listing Price
Inventory by Current Listing Price
250
$300,000 $399,999
May 2020
250
200
200
150
150
100
100
50
50
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.
Monthly Distressed Market - May 2020 Townhouses and Condos Bay County
Closed Sales
May 2020
May 2019
Percent Change Year-over-Year
97
191
-49.2%
$282,500
$240,000
17.7%
0
0
N/A
(No Sales)
(No Sales)
N/A
0
3
-100.0%
(No Sales)
$147,000
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 $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
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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.