Monthly Market Detail - November 2018 Single Family Homes Bay County November 2018
November 2017
Percent Change Year-over-Year
145
233
-37.8%
55
52
5.8%
Median Sale Price
$230,000
$211,500
8.7%
Average Sale Price
$266,997
$228,542
16.8%
$38.7 Million
$53.3 Million
-27.3%
96.3%
96.1%
0.2%
Median Time to Contract
54 Days
50 Days
8.0%
Median Time to Sale
99 Days
93 Days
6.5%
New Pending Sales
253
229
10.5%
New Listings
221
249
-11.2%
Pending Inventory
432
374
15.5%
Inventory (Active Listings)
934
1,106
-15.6%
Months Supply of Inventory
3.4
4.0
-15.0%
Closed Sales
Percent Change Year-over-Year
3,036 145 97 296 374 352 367 353 287 307 244 214 261 233
-0.5% -37.8% -61.5% 8.8% 13.0% 20.5% 3.7% 9.6% 9.1% 1.0% 3.8% 10.3% 2.4% 5.4%
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. 2014
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
2018
Closed Sales
400 300 200 100 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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.
2014
2015
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
Cash Sales
Percent Change Year-over-Year
738 55 25 69 92 71 87 82 72 75 50 60 54 52
-0.8% 5.8% -60.9% -1.4% 3.4% 6.0% 0.0% 22.4% 9.1% 5.6% -26.5% 39.5% -8.5% -5.5%
2017
2018
100
Cash Sales
80 60 40 20 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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
2014
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
24.3% 37.9% 25.8% 23.3% 24.6% 20.2% 23.7% 23.2% 25.1% 24.4% 20.5% 28.0% 20.7% 22.3%
-0.4% 70.0% 1.6% -9.3% -8.6% -11.8% -3.7% 11.5% 0.0% 4.3% -29.1% 26.1% -10.4% -10.4% 2018
40% 30% 20% 10% 0%
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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
2014
2015
2016
Percent Change Year-over-Year
$220,500 $230,000 $245,000 $230,000 $228,500 $224,950 $223,500 $220,000 $213,000 $220,000 $205,000 $213,450 $212,000 $211,500
7.6% 8.7% 16.7% 12.2% 6.3% 7.7% 7.8% 2.3% 2.7% 7.8% 7.9% 20.3% 11.6% 7.4%
2017
2018
$300K $250K $200K $150K $100K $50K $0K
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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.
2014
Average Sale Price
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
Median Sale Price
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Average Sale Price
Percent Change Year-over-Year
$256,389 $266,997 $288,468 $263,307 $255,641 $273,513 $262,709 $255,637 $243,664 $246,404 $239,816 $238,922 $235,534 $228,542
9.1% 16.8% 22.5% 14.9% 1.0% 17.5% 6.1% 6.0% 5.8% 1.3% 9.8% 16.7% 5.3% 4.4% 2018
$350K $300K $250K $200K $150K $100K $50K $0K
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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. 2014
2015
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
Dollar Volume
Percent Change Year-over-Year
$778.4 Million $38.7 Million $28.0 Million $77.9 Million $95.6 Million $96.3 Million $96.4 Million $90.2 Million $69.9 Million $75.6 Million $58.5 Million $51.1 Million $61.5 Million $53.3 Million
8.5% -27.3% -52.8% 25.1% 14.2% 41.7% 10.0% 16.2% 15.5% 2.3% 14.0% 28.7% 7.7% 10.1%
2017
2018
$120 M
Dollar Volume
$100 M $80 M $60 M $40 M $20 M $0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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
2014
2015
2016
Month Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.8% 96.3% 97.6% 97.3% 96.8% 96.3% 97.4% 97.1% 97.3% 96.8% 96.0% 96.1% 96.9% 96.1%
0.4% 0.2% 2.2% 1.2% -0.7% -0.8% 0.5% 0.9% 0.6% 0.0% 0.8% 0.4% 1.4% 1.2% 2018
120% 100% 80% 60% 40% 20% 0%
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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. 2014
2015
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
Median Time to Contract
Percent Change Year-over-Year
44 Days 54 Days 43 Days 38 Days 40 Days 46 Days 40 Days 38 Days 38 Days 49 Days 70 Days 63 Days 42 Days 50 Days
-18.5% 8.0% -20.4% -13.6% 14.3% 15.0% -18.4% -34.5% -36.7% -19.7% -12.5% -25.9% -43.2% -13.8%
2017
2018
Median Time to Contract
120 100 80 60 40 20 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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
2014
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Median Time to Sale
Percent Change Year-over-Year
92 Days 99 Days 89 Days 89 Days 85 Days 97 Days 85 Days 81 Days 80 Days 97 Days 109 Days 115 Days 90 Days 93 Days
-13.2% 6.5% -12.7% -6.3% -1.2% 11.5% -19.8% -27.0% -30.4% -23.6% -15.5% -22.8% -30.8% -11.4% 2018
200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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. 2014
2015
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
New Pending Sales
Percent Change Year-over-Year
3,473 253 147 264 362 359 380 400 356 354 300 298 225 229
5.2% 10.5% -46.5% 22.8% 1.7% 8.5% 27.1% 17.6% 7.2% 1.7% 0.0% 8.4% 6.1% -3.4%
2017
2018
Pending Sales
500 400 300 200 100 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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. 2014
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
New Listings
Percent Change Year-over-Year
3,979 221 126 316 444 417 387 444 410 451 364 399 211 249
9.1% -11.2% -60.4% 4.3% 14.1% 22.3% 8.4% 18.1% 26.2% 28.9% 22.1% 17.4% 7.7% 3.3% 2018
New Listings
500 400 300 200 100 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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.
2014
2015
YTD (Monthly Avg) November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
Inventory
Percent Change Year-over-Year
1,179 934 1,088 1,251 1,286 1,217 1,196 1,278 1,265 1,190 1,151 1,109 1,013 1,106
1.8% -15.6% -3.8% 11.6% 16.4% 8.2% 1.4% 9.2% 9.6% 0.0% -4.4% -11.8% -16.1% -12.2%
2017
2018
2,000
Inventory
1,500 1,000 500 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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
2014
2015
2016
YTD (Monthly Avg) November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Months Supply
Percent Change Year-over-Year
4.2 3.4 3.9 4.2 4.4 4.2 4.2 4.5 4.5 4.3 4.1 4.0 3.7 4.0
-4.5% -15.0% -4.9% 2.4% 10.0% 0.0% -4.5% 2.3% 2.3% -6.5% -12.8% -20.0% -22.9% -21.6% 2018
8.0 6.0 4.0 2.0 0.0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 Single Family Homes Bay County
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.
Closed Sales
60
November 2017
Closed Sales
Percent Change Year-over-Year
Less than $50,000
8
300.0%
$50,000 - $99,999
9
-35.7%
$100,000 - $149,999
12
-70.7%
$150,000 - $199,999
25
-47.9%
$200,000 - $249,999
33
-31.3%
$250,000 - $299,999
22
-40.5%
$300,000 - $399,999
22
-15.4%
$400,000 - $599,999
9
-35.7%
$600,000 - $999,999
2
-33.3%
$1,000,000 or more
3
N/A
Sale Price
Closed Sales by Sale Price
November 2018
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. November 2017
$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
71 Days
-56.2%
$50,000 - $99,999
39 Days
0.0%
$100,000 - $149,999
46 Days
15.0%
$150,000 - $199,999
27 Days
-35.7%
$200,000 - $249,999
58 Days
81.3%
$250,000 - $299,999
54 Days
1.9%
$300,000 - $399,999
64 Days
-17.9%
$400,000 - $599,999
47 Days
-37.3%
$600,000 - $999,999
58 Days
383.3%
$1,000,000 or more
488 Days
N/A
Sale Price
Median Time to Contract by Sale Price
600
$300,000 $399,999
November 2018
600
500
500
400
400
300
300
200
200
100
100
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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
November 2017
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
9
50.0%
$50,000 - $99,999
17
13.3%
$100,000 - $149,999
10
-72.2%
$150,000 - $199,999
41
-26.8%
$200,000 - $249,999
43
-6.5%
$250,000 - $299,999
37
32.1%
$300,000 - $399,999
36
16.1%
$400,000 - $599,999
20
11.1%
$600,000 - $999,999
5
-37.5%
$1,000,000 or more
3
-40.0%
November 2018
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
Inventory
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.
November 2017
Less than $50,000
$50,000 $99,999
$100,000 $149,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
12
33.3%
$50,000 - $99,999
37
-42.2%
$100,000 - $149,999
37
-61.5%
$150,000 - $199,999
124
-26.6%
$200,000 - $249,999
165
-6.3%
$250,000 - $299,999
156
8.3%
$300,000 - $399,999
183
-1.1%
$400,000 - $599,999
102
-20.3%
$600,000 - $999,999
64
-20.0%
$1,000,000 or more
54
-1.8%
Current Listing Price
Inventory by Current Listing Price
200 180 160 140 120 100 80 60 40 20 0
$300,000 $399,999
November 2018
$150,000 $199,999
$200,000 $249,999
200 180 160 140 120 100 80 60 40 20 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 Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Distressed Market - November 2018 Single Family Homes Bay County
Closed Sales
November 2018
November 2017
Percent Change Year-over-Year
143
219
-34.7%
$230,000
$217,000
6.0%
2
11
-81.8%
$290,000
$139,000
108.6%
0
3
-100.0%
(No Sales)
$172,500
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2014
2015
Traditional
2016
Foreclosure/REO
2017
2018
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 0% J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON $350,000 $300,000
Median Sale Price
$250,000 $200,000 $150,000 $100,000 $50,000 $0 J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
2014
2015
2016
2017
2018
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 Townhouses and Condos Bay County November 2018
November 2017
Percent Change Year-over-Year
91
128
-28.9%
35
65
-46.2%
Median Sale Price
$266,000
$255,000
4.3%
Average Sale Price
$306,163
$270,695
13.1%
$27.9 Million
$34.6 Million
-19.6%
97.1%
95.4%
1.8%
Median Time to Contract
47 Days
80 Days
-41.3%
Median Time to Sale
87 Days
109 Days
-20.2%
New Pending Sales
114
129
-11.6%
New Listings
221
160
38.1%
Pending Inventory
193
130
48.5%
Inventory (Active Listings)
637
671
-5.1%
Months Supply of Inventory
4.3
4.9
-12.2%
Closed Sales
Percent Change Year-over-Year
1,674 91 92 126 178 166 178 186 194 202 140 121 119 128
8.4% -28.9% -28.1% -12.5% 9.9% 16.1% 5.3% 31.0% 22.0% 23.2% 15.7% 44.0% 14.4% 29.3%
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. 2014
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
2018
Closed Sales
250 200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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.
2014
2015
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
Cash Sales
Percent Change Year-over-Year
818 35 47 64 78 75 90 87 94 109 72 67 57 65
11.0% -46.2% -33.8% 3.2% -8.2% 10.3% 21.6% 19.2% 54.1% 38.0% 35.8% 45.7% 18.8% 30.0%
2017
2018
120
Cash Sales
100 80 60 40 20 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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
2014
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
48.9% 38.5% 51.1% 50.8% 43.8% 45.2% 50.6% 46.8% 48.5% 54.0% 51.4% 55.4% 47.9% 50.8%
2.5% -24.2% -7.9% 17.9% -16.6% -5.0% 15.5% -8.9% 26.3% 12.0% 17.4% 1.1% 3.7% 0.6% 2018
70% 60% 50% 40% 30% 20% 10% 0%
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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
2014
2015
2016
Percent Change Year-over-Year
$245,000 $266,000 $264,000 $279,500 $240,000 $245,000 $238,162 $237,081 $245,000 $270,500 $220,000 $245,000 $260,000 $255,000
9.6% 4.3% 33.3% 25.9% -4.0% 14.0% 19.1% 6.8% 6.5% 11.0% 0.5% 20.7% 10.4% 9.4%
2017
2018
$300K $250K $200K $150K $100K $50K $0K
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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.
2014
Average Sale Price
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
Median Sale Price
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Average Sale Price
Percent Change Year-over-Year
$270,033 $306,163 $276,003 $289,036 $265,675 $268,549 $265,818 $262,846 $263,463 $281,721 $239,644 $270,408 $253,223 $270,695
10.9% 13.1% 18.4% 19.4% 2.8% 6.0% 16.3% 7.9% 13.8% 11.2% 4.6% 19.2% 1.8% 8.3% 2018
$350K $300K $250K $200K $150K $100K $50K $0K
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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. 2014
2015
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
Dollar Volume
Percent Change Year-over-Year
$452.0 Million $27.9 Million $25.4 Million $36.4 Million $47.3 Million $44.6 Million $47.3 Million $48.9 Million $51.1 Million $56.9 Million $33.6 Million $32.7 Million $30.1 Million $34.6 Million
20.3% -19.6% -14.9% 4.5% 13.0% 23.1% 22.5% 41.4% 38.9% 36.9% 21.0% 71.7% 16.5% 40.0%
2017
2018
$60 M
Dollar Volume
$50 M $40 M $30 M $20 M $10 M $0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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
2014
2015
2016
Month Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.9% 97.1% 97.3% 96.9% 97.2% 97.0% 97.7% 97.3% 96.5% 96.8% 96.4% 96.0% 95.9% 95.4%
1.4% 1.8% 1.0% 1.4% 1.0% 1.8% 2.2% 1.2% 1.0% 2.3% 0.9% 1.1% 0.9% 0.5% 2018
120% 100% 80% 60% 40% 20% 0%
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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. 2014
2015
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
Median Time to Contract
Percent Change Year-over-Year
36 Days 47 Days 29 Days 21 Days 40 Days 41 Days 36 Days 31 Days 26 Days 43 Days 62 Days 60 Days 60 Days 80 Days
-47.8% -41.3% -58.0% -64.4% -16.7% -32.8% -26.5% -53.7% -64.4% -61.3% -31.9% -22.1% -41.7% -28.6%
2017
2018
Median Time to Contract
120 100 80 60 40 20 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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
2014
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Median Time to Sale
Percent Change Year-over-Year
70 Days 87 Days 65 Days 61 Days 77 Days 81 Days 64 Days 65 Days 57 Days 71 Days 88 Days 91 Days 97 Days 109 Days
-32.7% -20.2% -42.0% -34.4% -8.3% -12.9% -22.9% -32.3% -39.4% -53.3% -28.5% -12.5% -30.2% -21.6% 2018
200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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. 2014
2015
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
New Pending Sales
Percent Change Year-over-Year
1,981 114 84 137 222 173 192 278 221 202 184 174 100 129
18.9% -11.6% -40.4% 18.1% 37.0% 8.1% 12.9% 93.1% 38.1% 8.6% 15.7% 25.2% 17.6% 20.6%
2017
2018
Pending Sales
300 250 200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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. 2014
2015
2016
Year-to-Date November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
New Listings
Percent Change Year-over-Year
2,204 221 63 149 249 180 143 302 270 252 177 198 82 160
24.7% 38.1% -56.8% 22.1% 34.6% 28.6% -18.8% 52.5% 55.2% 50.9% 10.6% 42.4% -19.6% 34.5% 2018
350
New Listings
300 250 200 150 100 50 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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.
2014
2015
YTD (Monthly Avg) November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017
2016
Inventory
Percent Change Year-over-Year
591 637 490 546 612 533 523 679 672 582 593 636 589 671
-18.5% -5.1% -25.9% -19.1% -12.9% -22.9% -30.5% -12.9% -5.2% -21.6% -23.5% -21.6% -30.3% -21.8%
2017
2018
1,200
Inventory
1,000 800 600 400 200 0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
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
2014
2015
2016
YTD (Monthly Avg) November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 2017
Months Supply
Percent Change Year-over-Year
3.9 4.3 3.2 3.5 3.9 3.4 3.4 4.4 4.5 4.0 4.1 4.5 4.3 4.9
-33.9% -12.2% -34.7% -30.0% -27.8% -37.0% -43.3% -31.3% -23.7% -36.5% -40.6% -38.4% -43.4% -36.4% 2018
10.0 8.0 6.0 4.0 2.0 0.0
J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 Townhouses and Condos Bay County
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.
Closed Sales
35
November 2017
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
10
-37.5%
$150,000 - $199,999
15
-21.1%
$200,000 - $249,999
12
-36.8%
$250,000 - $299,999
15
-37.5%
$300,000 - $399,999
15
-50.0%
$400,000 - $599,999
22
120.0%
$600,000 - $999,999
2
-50.0%
$1,000,000 or more
0
N/A
Sale Price
Closed Sales by Sale Price
November 2018
35
30
30
25
25
20
20
15
15
10
10
5
5
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. November 2017
$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
62 Days
3.3%
$150,000 - $199,999
33 Days
3.1%
$200,000 - $249,999
49 Days
81.5%
$250,000 - $299,999
48 Days
-40.7%
$300,000 - $399,999
25 Days
-80.8%
$400,000 - $599,999
65 Days
-56.4%
$600,000 - $999,999
32 Days
-89.7%
$1,000,000 or more
(No Sales)
N/A
Sale Price
Median Time to Contract by Sale Price
350
$300,000 $399,999
November 2018
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 Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Market Detail - November 2018 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
November 2017
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
3
-25.0%
$100,000 - $149,999
7
-56.3%
$150,000 - $199,999
28
0.0%
$200,000 - $249,999
14
-36.4%
$250,000 - $299,999
22
46.7%
$300,000 - $399,999
18
-55.0%
$400,000 - $599,999
105
238.7%
$600,000 - $999,999
24
500.0%
$1,000,000 or more
0
N/A
November 2018
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
Inventory
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.
November 2017
Less than $50,000
$50,000 $99,999
$100,000 $149,999
$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
3
-85.7%
$100,000 - $149,999
27
-60.9%
$150,000 - $199,999
58
-39.6%
$200,000 - $249,999
49
-49.5%
$250,000 - $299,999
76
-18.3%
$300,000 - $399,999
182
22.1%
$400,000 - $599,999
188
69.4%
$600,000 - $999,999
52
57.6%
$1,000,000 or more
2
0.0%
Current Listing Price
Inventory by Current Listing Price
200 180 160 140 120 100 80 60 40 20 0
$300,000 $399,999
November 2018
$150,000 $199,999
$200,000 $249,999
200 180 160 140 120 100 80 60 40 20 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 Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.
Monthly Distressed Market - November 2018 Townhouses and Condos Bay County
Closed Sales
November 2018
November 2017
Percent Change Year-over-Year
91
128
-28.9%
$266,000
$255,000
4.3%
0
0
N/A
(No Sales)
(No Sales)
N/A
0
0
N/A
(No Sales)
(No Sales)
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2014
2015
Traditional
2016
Foreclosure/REO
2017
2018
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 0% J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON $700,000 $600,000
Median Sale Price
$500,000 $400,000 $300,000 $200,000 $100,000 $0 J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON
2014
2015
2016
2017
2018
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, December 19, 2018. Next data release is Tuesday, January 22, 2019.