Monthly Market Detail - October 2019 Single Family Homes Bay County October 2019
October 2018
Percent Change Year-over-Year
348
97
258.8%
88
25
252.0%
Median Sale Price
$235,788
$245,000
-3.8%
Average Sale Price
$254,680
$288,468
-11.7%
$88.6 Million
$28.0 Million
216.7%
97.1%
97.6%
-0.5%
Median Time to Contract
21 Days
43 Days
-51.2%
Median Time to Sale
66 Days
89 Days
-25.8%
New Pending Sales
320
147
117.7%
New Listings
474
126
276.2%
Pending Inventory
478
373
28.2%
Inventory (Active Listings)
1,170
1,088
7.5%
Months Supply of Inventory
3.6
3.9
-7.7%
Closed Sales
Percent Change Year-over-Year
3,552 348 357 378 420 368 380 349 392 290 270 227 145 97
22.9% 258.8% 20.6% 1.1% 19.3% 0.3% 7.6% 21.6% 27.7% 18.9% 26.2% -13.0% -37.8% -61.5%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month
The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2015
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
2019
Closed Sales
500 400 300 200 100 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Single Family Homes Bay County Month
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
2015
2016
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
Cash Sales
Percent Change Year-over-Year
986 88 86 84 92 93 130 100 123 90 100 75 55 25
44.4% 252.0% 24.6% -8.7% 29.6% 6.9% 58.5% 38.9% 64.0% 80.0% 66.7% 38.9% 5.8% -60.9%
2018
2019
140
Cash Sales
120 100 80 60 40 20 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Pct. of Closed Sales Paid in Cash
2015
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
27.8% 25.3% 24.1% 22.2% 21.9% 25.3% 34.2% 28.7% 31.4% 31.0% 37.0% 33.0% 37.9% 25.8%
17.8% -1.9% 3.4% -9.8% 8.4% 6.8% 47.4% 14.3% 28.7% 51.2% 32.1% 59.4% 70.0% 1.6% 2019
40% 30% 20% 10% 0%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Single Family Homes Bay County Month
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.
Median Sale Price
2015
2016
2017
Percent Change Year-over-Year
$226,000 $235,788 $242,000 $230,000 $235,000 $230,013 $218,500 $221,000 $223,000 $215,000 $210,175 $212,500 $230,000 $245,000
2.7% -3.8% 5.2% 0.7% 4.5% 2.9% -0.7% 3.8% 1.4% 4.9% -1.5% 0.2% 8.7% 16.7%
2018
2019
$300K $250K $200K $150K $100K $50K $0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.
2015
Average Sale Price
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
Median Sale Price
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Average Sale Price
Percent Change Year-over-Year
$249,782 $254,680 $270,891 $284,763 $252,428 $258,764 $240,713 $235,187 $230,629 $227,823 $233,252 $242,551 $266,997 $288,468
-2.4% -11.7% 2.9% 11.4% -7.7% -1.5% -5.8% -3.5% -6.4% -5.0% -2.4% 3.0% 16.8% 22.5% 2019
$350K $300K $250K $200K $150K $100K $50K $0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Single Family Homes Bay County Month
Dollar Volume The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2015
2016
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
Dollar Volume
Percent Change Year-over-Year
$887.2 Million $88.6 Million $96.7 Million $107.6 Million $106.0 Million $95.2 Million $91.5 Million $82.1 Million $90.4 Million $66.1 Million $63.0 Million $55.1 Million $38.7 Million $28.0 Million
19.9% 216.7% 24.1% 12.6% 10.1% -1.2% 1.4% 17.4% 19.5% 12.9% 23.2% -10.4% -27.3% -52.8%
2018
2019
$120 M
Dollar Volume
$100 M $80 M $60 M $40 M $20 M $0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Med. Pct. of Orig. List Price Received
2015
2016
2017
Month Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
98.2% 97.1% 97.7% 98.0% 98.2% 98.3% 98.3% 97.6% 99.1% 99.2% 98.3% 97.6% 96.3% 97.6%
1.3% -0.5% 0.4% 1.2% 2.0% 0.9% 1.2% 0.3% 2.4% 3.3% 2.3% 0.7% 0.2% 2.2% 2019
120% 100% 80% 60%
40% 20% 0%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Single Family Homes Bay County Month
Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2015
2016
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
Median Time to Contract
Percent Change Year-over-Year
23 Days 21 Days 28 Days 22 Days 26 Days 22 Days 16 Days 21 Days 22 Days 33 Days 35 Days 58 Days 54 Days 43 Days
-46.5% -51.2% -26.3% -45.0% -43.5% -45.0% -57.9% -44.7% -55.1% -52.9% -44.4% 38.1% 8.0% -20.4%
2018
2019
Median Time to Contract
120 100 80 60 40 20 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Median Time to Sale
2015
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Median Time to Sale
Percent Change Year-over-Year
71 Days 66 Days 79 Days 70 Days 72 Days 74 Days 67 Days 62 Days 68 Days 88 Days 90 Days 117 Days 99 Days 89 Days
-22.0% -25.8% -11.2% -17.6% -25.8% -12.9% -17.3% -22.5% -29.9% -19.3% -21.7% 30.0% 6.5% -12.7% 2019
200 150 100 50 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Single Family Homes Bay County Month
New Pending Sales The number of listed properties that went under contract during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. 2015
2016
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
New Pending Sales
Percent Change Year-over-Year
3,770 320 304 388 398 437 408 390 394 352 379 249 252 147
17.1% 117.7% 15.2% 7.2% 10.9% 15.0% 2.0% 9.6% 11.3% 17.3% 27.2% 10.7% 10.0% -46.5%
2018
2019
Pending Sales
500 400 300 200 100 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. 2015
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
New Listings
Percent Change Year-over-Year
4,431 474 460 479 444 450 527 462 405 362 368 252 222 126
17.9% 276.2% 45.6% 7.9% 6.5% 16.3% 18.7% 12.7% -10.2% -0.5% -7.8% 19.4% -10.8% -60.4% 2019
New Listings
600 500 400 300
200 100 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Single Family Homes Bay County Month
Inventory (Active Listings) The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
2015
2016
YTD (Monthly Avg) October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
Inventory
Percent Change Year-over-Year
971 1,170 1,068 1,042 979 956 991 886 844 868 904 871 942 1,088
-19.3% 7.5% -14.6% -19.0% -19.6% -20.1% -22.5% -30.0% -29.1% -24.6% -18.5% -14.0% -14.8% -3.8%
2018
2019
2,000
Inventory
1,500 1,000 500 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Months Supply of Inventory
2015
2016
2017
YTD (Monthly Avg) October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Months Supply
Percent Change Year-over-Year
3.3 3.6 3.5 3.5 3.3 3.2 3.4 3.0 2.9 3.1 3.3 3.2 3.4 3.9
-21.4% -7.7% -16.7% -20.5% -21.4% -23.8% -24.4% -33.3% -32.6% -24.4% -17.5% -13.5% -15.0% -4.9% 2019
8.0 6.0 4.0 2.0 0.0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Single Family Homes Bay County
Closed Sales by Sale Price The number of sales transactions which closed during the month
Closed Sales
Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. October 2018
80 70 60 50 40 30 20 10 0 Less than $50,000
$50,000 $99,999
Less than $50,000
11
N/A
$50,000 - $99,999
25
400.0%
$100,000 - $149,999
30
233.3%
$150,000 - $199,999
59
181.0%
$200,000 - $249,999
69
392.9%
$250,000 - $299,999
57
216.7%
$300,000 - $399,999
68
257.9%
$400,000 - $599,999
21
200.0%
$600,000 - $999,999
6
200.0%
$1,000,000 or more
2
0.0%
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
80 70 60 50 40 30 20 10 0 $250,000 $299,999
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. October 2018
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
7 Days
N/A
$50,000 - $99,999
13 Days
-75.5%
$100,000 - $149,999
12 Days
140.0%
$150,000 - $199,999
21 Days
16.7%
$200,000 - $249,999
12 Days
-25.0%
$250,000 - $299,999
43 Days
-34.8%
$300,000 - $399,999
27 Days
-54.2%
$400,000 - $599,999
51 Days
-49.5%
$600,000 - $999,999
27 Days
-85.9%
$1,000,000 or more
82 Days
-63.9%
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
October 2019
Median Time to Contract by Sale Price
250
Closed Sales
Sale Price
October 2019
250
200
200
150
150
100
100
50
50
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Single Family Homes Bay County
New Listings by Initial Listing Price The number of properties put onto the market during the month Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
New Listings
October 2018
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
13
N/A
$50,000 - $99,999
33
725.0%
$100,000 - $149,999
43
230.8%
$150,000 - $199,999
61
134.6%
$200,000 - $249,999
102
385.7%
$250,000 - $299,999
85
304.8%
$300,000 - $399,999
87
278.3%
$400,000 - $599,999
33
266.7%
$600,000 - $999,999
13
160.0%
$1,000,000 or more
4
0.0%
October 2019
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. October 2018
Inventory
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
18
63.6%
$50,000 - $99,999
44
-4.3%
$100,000 - $149,999
57
5.6%
$150,000 - $199,999
134
-8.2%
$200,000 - $249,999
218
5.8%
$250,000 - $299,999
193
9.0%
$300,000 - $399,999
249
23.9%
$400,000 - $599,999
125
3.3%
$600,000 - $999,999
80
12.7%
$1,000,000 or more
52
-5.5%
Current Listing Price
Inventory by Current Listing Price
300
$300,000 $399,999
October 2019
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Distressed Market - October 2019 Single Family Homes Bay County
Closed Sales
October 2019
October 2018
Percent Change Year-over-Year
343
96
257.3%
$237,500
$248,750
-4.5%
5
0
N/A
$106,500
(No Sales)
N/A
0
1
-100.0%
(No Sales)
$62,000
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2015
2016
Traditional
2017
Foreclosure/REO
2018
2019
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 0% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O $500K $450K
Median Sale Price
$400K $350K $300K
$250K $200K $150K $100K $50K $0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
2015
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County October 2019
October 2018
Percent Change Year-over-Year
143
92
55.4%
46
47
-2.1%
Median Sale Price
$265,000
$264,000
0.4%
Average Sale Price
$278,643
$276,003
1.0%
$39.8 Million
$25.4 Million
56.9%
97.2%
97.3%
-0.1%
Median Time to Contract
30 Days
29 Days
3.4%
Median Time to Sale
71 Days
65 Days
9.2%
New Pending Sales
189
84
125.0%
New Listings
177
63
181.0%
Pending Inventory
364
199
82.9%
Inventory (Active Listings)
746
490
52.2%
Months Supply of Inventory
5.6
3.2
75.0%
Closed Sales
Percent Change Year-over-Year
1,417 143 148 166 135 139 194 153 149 101 89 79 92 92
-10.5% 55.4% 17.5% -6.7% -18.7% -21.9% 4.3% -21.1% -26.2% -27.9% -26.4% -33.6% -28.1% -28.1%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month
The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2015
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
2019
Closed Sales
250 200 150 100 50 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County Month
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
2015
2016
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
Cash Sales
Percent Change Year-over-Year
594 46 49 67 45 61 74 69 79 48 56 33 35 47
-24.1% -2.1% -23.4% -14.1% -40.0% -32.2% -14.9% -26.6% -27.5% -33.3% -16.4% -42.1% -46.2% -33.8%
2018
2019
120
Cash Sales
100 80 60 40 20 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.
Pct. of Closed Sales Paid in Cash
2015
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
41.9% 32.2% 33.1% 40.4% 33.3% 43.9% 38.1% 45.1% 53.0% 47.5% 62.9% 41.8% 38.0% 51.1%
-15.4% -37.0% -34.8% -7.8% -26.3% -13.2% -18.6% -7.0% -1.9% -7.6% 13.5% -12.7% -25.2% -7.9% 2019
70% 60% 50% 40% 30% 20% 10% 0%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County Month
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.
Median Sale Price
2015
2016
2017
Percent Change Year-over-Year
$250,000 $265,000 $263,000 $261,000 $240,000 $228,000 $238,500 $249,000 $257,500 $252,500 $270,000 $238,162 $267,061 $264,000
2.0% 0.4% -5.9% 8.8% -2.0% -4.3% 0.6% 1.6% -4.8% 14.8% 10.2% -8.4% 4.7% 33.3%
2018
2019
$300K $250K $200K $150K $100K $50K $0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.
2015
Average Sale Price
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
Median Sale Price
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Average Sale Price
Percent Change Year-over-Year
$276,662 $278,643 $282,578 $287,472 $287,583 $249,981 $272,379 $275,875 $285,103 $264,769 $278,643 $254,945 $308,433 $276,003
3.2% 1.0% -2.2% 8.2% 7.1% -6.0% 3.6% 4.7% 1.2% 10.5% 3.0% 0.7% 13.9% 18.4% 2019
$350K $300K $250K $200K $150K $100K $50K $0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County Month
Dollar Volume The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2015
2016
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
Dollar Volume
Percent Change Year-over-Year
$392.0 Million $39.8 Million $41.8 Million $47.7 Million $38.8 Million $34.7 Million $52.8 Million $42.2 Million $42.5 Million $26.7 Million $24.8 Million $20.1 Million $28.4 Million $25.4 Million
-7.6% 56.9% 14.8% 0.9% -12.9% -26.6% 8.1% -17.4% -25.4% -20.3% -24.2% -33.2% -18.1% -14.9%
2018
2019
$60 M
Dollar Volume
$50 M $40 M $30 M $20 M $10 M $0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Med. Pct. of Orig. List Price Received
2015
2016
2017
Month Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
97.1% 97.2% 97.0% 97.1% 96.9% 97.9% 98.0% 97.0% 97.2% 97.1% 95.2% 97.5% 97.2% 97.3%
0.2% -0.1% 0.1% -0.1% -0.1% 0.2% 0.7% 0.5% 0.4% 0.7% -0.8% 1.7% 1.9% 1.0% 2019
120% 100% 80% 60%
40% 20% 0%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County Month
Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2015
2016
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
Median Time to Contract
Percent Change Year-over-Year
44 Days 30 Days 36 Days 68 Days 83 Days 55 Days 43 Days 35 Days 21 Days 45 Days 50 Days 33 Days 47 Days 29 Days
22.2% 3.4% 71.4% 70.0% 102.4% 52.8% 38.7% 34.6% -51.2% -27.4% -16.7% -45.0% -41.3% -58.0%
2018
2019
Median Time to Contract
120 100 80 60 40 20 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Median Time to Sale
2015
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Median Time to Sale
Percent Change Year-over-Year
79 Days 71 Days 75 Days 101 Days 123 Days 91 Days 74 Days 74 Days 57 Days 76 Days 79 Days 78 Days 86 Days 65 Days
12.9% 9.2% 23.0% 31.2% 51.9% 42.2% 13.8% 29.8% -19.7% -13.6% -13.2% -19.6% -21.1% -42.0% 2019
200 150 100 50 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County Month
New Pending Sales The number of listed properties that went under contract during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. 2015
2016
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
New Pending Sales
Percent Change Year-over-Year
1,719 189 144 177 185 176 198 154 204 160 132 194 116 84
-7.9% 125.0% 5.1% -20.3% 6.9% -8.3% -28.8% -30.3% 1.0% -13.0% -24.1% 94.0% -10.1% -40.4%
2018
2019
Pending Sales
300 250 200 150 100 50 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. 2015
2016
2017
Year-to-Date October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
New Listings
Percent Change Year-over-Year
1,907 177 203 228 182 171 145 197 198 172 234 157 221 63
-3.8% 181.0% 36.2% -8.4% 1.1% 19.6% -52.0% -27.0% -21.4% -2.8% 18.2% 91.5% 38.1% -56.8% 2019
350
New Listings
300 250 200 150 100 50 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County Month
Inventory (Active Listings) The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
2015
2016
YTD (Monthly Avg) October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018
2017
Inventory
Percent Change Year-over-Year
738 746 765 766 737 688 695 793 717 729 742 599 637 490
25.7% 52.2% 40.1% 25.2% 38.3% 31.5% 2.4% 18.0% 23.2% 22.9% 16.7% 1.7% -5.1% -25.9%
2018
2019
1,200
Inventory
1,000 800 600 400 200 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Months Supply of Inventory
2015
2016
2017
YTD (Monthly Avg) October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 2018
Months Supply
Percent Change Year-over-Year
5.6 5.6 6.0 6.1 5.8 5.3 5.2 6.0 5.3 5.2 5.2 4.1 4.3 3.2
43.6% 75.0% 71.4% 56.4% 70.6% 55.9% 18.2% 33.3% 32.5% 26.8% 15.6% -4.7% -12.2% -34.7% 2019
10.0 8.0 6.0 4.0 2.0 0.0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County
Closed Sales by Sale Price The number of sales transactions which closed during the month
Closed Sales
Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. October 2018
45 40 35 30 25 20 15 10 5 0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
Median Time to Contract
0
N/A
$50,000 - $99,999
1
-66.7%
$100,000 - $149,999
9
-10.0%
$150,000 - $199,999
25
19.0%
$200,000 - $249,999
25
316.7%
$250,000 - $299,999
28
21.7%
$300,000 - $399,999
39
129.4%
$400,000 - $599,999
14
40.0%
$600,000 - $999,999
2
0.0%
$1,000,000 or more
0
N/A
October 2018
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
(No Sales)
N/A
$50,000 - $99,999
34 Days
36.0%
$100,000 - $149,999
38 Days
26.7%
$150,000 - $199,999
27 Days
-18.2%
$200,000 - $249,999
34 Days
142.9%
$250,000 - $299,999
31 Days
-18.4%
$300,000 - $399,999
26 Days
13.0%
$400,000 - $599,999
62 Days
26.5%
$600,000 - $999,999
22 Days
-74.4%
$1,000,000 or more
(No Sales)
N/A
Sale Price
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales.
$50,000 $99,999
Less than $50,000
45 40 35 30 25 20 15 10 5 0
The median number of days between the listing date and contract date for all Closed Sales during the month
Less than $50,000
Percent Change Year-over-Year
October 2019
Median Time to Contract by Sale Price
100 90 80 70 60 50 40 30 20 10 0
Closed Sales
Sale Price
October 2019
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
100 90 80 70 60 50 40 30 20 10 0 $250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Market Detail - October 2019 Townhouses and Condos Bay County
New Listings by Initial Listing Price The number of properties put onto the market during the month Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
New Listings
October 2018
New Listings
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
2
100.0%
$100,000 - $149,999
12
300.0%
$150,000 - $199,999
30
500.0%
$200,000 - $249,999
35
250.0%
$250,000 - $299,999
26
160.0%
$300,000 - $399,999
33
106.3%
$400,000 - $599,999
30
87.5%
$600,000 - $999,999
9
800.0%
$1,000,000 or more
0
-100.0%
October 2019
40 35 30 25 20 15 10 5 0
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. October 2018
250
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
4
100.0%
$100,000 - $149,999
30
-30.2%
$150,000 - $199,999
98
66.1%
$200,000 - $249,999
97
98.0%
$250,000 - $299,999
84
27.3%
$300,000 - $399,999
171
34.6%
$400,000 - $599,999
203
86.2%
$600,000 - $999,999
56
69.7%
$1,000,000 or more
3
50.0%
Current Listing Price
Inventory by Current Listing Price
Inventory
Initial Listing Price
October 2019
250
200
200
150
150
100
100
50
50
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.
Monthly Distressed Market - October 2019 Townhouses and Condos Bay County
Closed Sales
October 2019
October 2018
Percent Change Year-over-Year
141
92
53.3%
$265,000
$264,000
0.4%
1
0
N/A
$371,000
(No Sales)
N/A
1
0
N/A
$260,000
(No Sales)
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2015
2016
Traditional
2017
Foreclosure/REO
2018
2019
Short Sale
100% 98%
Closed Sales
96%
94% 92% 90% 88% 86% 84% 82% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O $700K
$600K
Median Sale Price
$500K $400K $300K $200K $100K $0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
2015
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 Thursday, November 21, 2019. Next data release is Thursday, December 19, 2019.