Monthly Market Detail - October 2020 Single Family Homes Okaloosa County October 2020
October 2019
Percent Change Year-over-Year
462
389
18.8%
61
37
64.9%
Median Sale Price
$275,000
$225,000
22.2%
Average Sale Price
$356,881
$265,455
34.4%
$164.9 Million
$103.3 Million
59.7%
Median Percent of Original List Price Received
100.0%
99.0%
1.0%
Median Time to Contract
12 Days
20 Days
-40.0%
Median Time to Sale
57 Days
64 Days
-10.9%
New Pending Sales
459
418
9.8%
New Listings
456
444
2.7%
Pending Inventory
728
587
24.0%
Inventory (Active Listings)
513
845
-39.3%
Months Supply of Inventory
1.3
2.1
-38.1%
Closed Sales
Percent Change Year-over-Year
4,170 462 450 492 531 488 350 361 372 354 310 390 358 389
-0.9% 18.8% 5.9% 7.2% 10.2% -7.4% -31.9% -18.5% -7.5% 11.0% 24.5% 21.5% 28.8% 24.7%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume
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. 2016
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
2020
Closed Sales
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 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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Single Family Homes Okaloosa 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.
2016
2017
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
Cash Sales
Percent Change Year-over-Year
430 61 43 54 55 44 31 29 41 41 31 48 41 37
-8.5% 64.9% 13.2% 17.4% -5.2% -30.2% -45.6% -40.8% 2.5% 5.1% -27.9% 45.5% 5.1% -17.8%
2019
2020
Cash Sales
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
2016
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
10.3% 13.2% 9.6% 11.0% 10.4% 9.0% 8.9% 8.0% 11.0% 11.6% 10.0% 12.3% 11.5% 9.5%
-8.0% 38.9% 7.9% 10.0% -13.3% -25.0% -19.8% -27.9% 10.0% -4.9% -42.2% 19.4% -17.9% -34.0% 2020
30% 25% 20% 15%
10% 5% 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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Single Family Homes Okaloosa 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
2016
2017
2018
Percent Change Year-over-Year
$263,438 $275,000 $275,000 $272,000 $280,190 $270,000 $259,500 $257,000 $252,013 $242,711 $235,000 $244,950 $240,400 $225,000
10.9% 22.2% 14.6% 11.9% 12.1% 6.4% 5.4% 16.8% 7.3% 11.3% 4.9% 12.4% 5.2% -3.6%
2019
2020
$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.
2016
Average Sale Price
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
Median Sale Price
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Average Sale Price
Percent Change Year-over-Year
$339,873 $356,881 $369,153 $364,648 $365,601 $349,231 $352,522 $296,281 $301,787 $295,543 $306,712 $295,210 $301,483 $265,455
15.0% 34.4% 28.6% 22.2% 19.4% 7.6% 10.9% 9.3% 3.4% 8.8% 0.6% 11.4% -5.0% -7.9% 2020
$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
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Single Family Homes Okaloosa 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. 2016
2017
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
Dollar Volume
Percent Change Year-over-Year
$1.4 Billion $164.9 Million $166.1 Million $179.4 Million $194.1 Million $170.4 Million $123.4 Million $107.0 Million $112.3 Million $104.6 Million $95.1 Million $115.1 Million $107.9 Million $103.3 Million
13.9% 59.7% 36.2% 31.0% 31.6% -0.3% -24.5% -10.9% -4.3% 20.7% 25.3% 35.3% 22.4% 14.8%
2019
2020
$250 M
Dollar Volume
$200 M $150 M $100 M $50 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
2016
2017
2018
Month Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
100.0% 100.0% 100.0% 100.0% 99.9% 100.0% 100.0% 100.0% 100.0% 99.8% 99.4% 98.7% 99.2% 99.0%
1.1% 1.0% 0.9% 0.9% 0.6% 1.0% 1.0% 0.7% 1.2% 1.8% 2.9% 1.2% 2.3% 1.2% 2020
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Single Family Homes Okaloosa County Month
Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2016
2017
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
Median Time to Contract
Percent Change Year-over-Year
14 Days 12 Days 10 Days 15 Days 16 Days 15 Days 12 Days 10 Days 15 Days 21 Days 22 Days 22 Days 26 Days 20 Days
-36.4% -40.0% -54.5% -21.1% -11.1% -21.1% -40.0% -47.4% -34.8% -55.3% -54.2% -47.6% -43.5% -55.6%
2019
2020
Median Time to Contract
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
2016
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Median Time to Sale
Percent Change Year-over-Year
60 Days 57 Days 55 Days 60 Days 61 Days 64 Days 58 Days 53 Days 60 Days 69 Days 70 Days 64 Days 72 Days 64 Days
-9.1% -10.9% -17.9% -3.2% -1.6% 1.6% -10.8% -15.9% -7.7% -19.8% -25.5% -22.0% -25.0% -22.9% 2020
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Single Family Homes Okaloosa 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. 2016
2017
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
New Pending Sales
Percent Change Year-over-Year
4,444 459 436 531 518 558 509 382 258 350 443 297 372 418
-3.2% 9.8% 11.5% 18.8% 4.9% 16.5% -1.4% -29.0% -48.9% -7.9% 4.7% 9.6% 15.2% 36.2%
2019
2020
Pending Sales
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
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. 2016
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
New Listings
Percent Change Year-over-Year
4,545 456 376 470 503 470 491 420 528 432 399 246 342 444
-3.3% 2.7% -6.5% 8.8% -7.0% -1.1% -10.4% -26.1% 8.6% 8.5% -2.2% -5.0% 7.9% 26.9% 2020
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Single Family Homes Okaloosa 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.
2016
2017
YTD (Monthly Avg) October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
Inventory
Percent Change Year-over-Year
664 513 516 592 652 663 762 805 768 690 682 731 798 845
-28.0% -39.3% -39.7% -33.6% -31.9% -28.0% -21.4% -13.4% -17.0% -28.1% -29.4% -28.1% -25.9% -25.2%
2019
2020
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
2016
2017
2018
YTD (Monthly Avg) October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Months Supply
Percent Change Year-over-Year
2.0 1.3 1.3 1.5 1.6 1.7 1.9 2.0 1.8 1.6 1.6 1.8 2.0 2.1
-20.0% -38.1% -40.9% -34.8% -36.0% -32.0% -26.9% -20.0% -28.0% -40.7% -40.7% -35.7% -33.3% -32.3% 2020
6.0 5.0 4.0 3.0
2.0 1.0 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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Single Family Homes Okaloosa County
Closed Sales by Sale Price The number of sales transactions which closed during the month Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. October 2019
Closed Sales
120
Closed Sales
Percent Change Year-over-Year
Less than $50,000
1
-66.7%
$50,000 - $99,999
11
37.5%
$100,000 - $149,999
25
-45.7%
$150,000 - $199,999
58
-22.7%
$200,000 - $249,999
87
-15.5%
$250,000 - $299,999
86
48.3%
$300,000 - $399,999
95
61.0%
$400,000 - $599,999
59
181.0%
$600,000 - $999,999
19
58.3%
$1,000,000 or more
21
425.0%
Sale Price
October 2020
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The median number of days between the listing date and contract date for all Closed Sales during the month
Median Time to Contract
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. October 2019
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
13 Days
8.3%
$50,000 - $99,999
6 Days
-90.2%
$100,000 - $149,999
5 Days
-68.8%
$150,000 - $199,999
5 Days
-75.0%
$200,000 - $249,999
5 Days
-54.5%
$250,000 - $299,999
11 Days
-47.6%
$300,000 - $399,999
18 Days
-53.8%
$400,000 - $599,999
24 Days
33.3%
$600,000 - $999,999
133 Days
121.7%
$1,000,000 or more
71 Days
-42.7%
Sale Price
Median Time to Contract by Sale Price
140
$300,000 $399,999
October 2020
140
120
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Single Family Homes Okaloosa 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 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
0
-100.0%
$50,000 - $99,999
11
-38.9%
$100,000 - $149,999
23
-39.5%
$150,000 - $199,999
75
-8.5%
$200,000 - $249,999
76
-32.1%
$250,000 - $299,999
91
56.9%
$300,000 - $399,999
96
88.2%
$400,000 - $599,999
41
-24.1%
$600,000 - $999,999
21
10.5%
$1,000,000 or more
22
120.0%
October 2020
120
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. October 2019
Inventory
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
0
-100.0%
$50,000 - $99,999
3
-85.0%
$100,000 - $149,999
18
-63.3%
$150,000 - $199,999
54
-28.0%
$200,000 - $249,999
66
-41.6%
$250,000 - $299,999
73
-23.2%
$300,000 - $399,999
96
-23.2%
$400,000 - $599,999
64
-49.6%
$600,000 - $999,999
46
-60.7%
$1,000,000 or more
93
-22.5%
Current Listing Price
Inventory by Current Listing Price
140
$300,000 $399,999
October 2020
140
120
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Distressed Market - October 2020 Single Family Homes Okaloosa County
Closed Sales
October 2020
October 2019
Percent Change Year-over-Year
455
380
19.7%
$276,000
$230,000
20.0%
3
9
-66.7%
$219,900
$168,000
30.9%
4
0
N/A
$97,500
(No Sales)
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2016
2017
Traditional
2018
Foreclosure/REO
2019
2020
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 $350K
$300K
Median Sale Price
$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
2016
2017
2018
2019
2020
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa County October 2020
October 2019
Percent Change Year-over-Year
138
88
56.8%
44
29
51.7%
Median Sale Price
$345,000
$352,000
-2.0%
Average Sale Price
$419,256
$389,472
7.6%
$57.9 Million
$34.3 Million
68.8%
97.5%
96.0%
1.6%
Median Time to Contract
32 Days
52 Days
-38.5%
Median Time to Sale
76 Days
95 Days
-20.0%
New Pending Sales
125
88
42.0%
New Listings
102
83
22.9%
Pending Inventory
166
99
67.7%
Inventory (Active Listings)
367
472
-22.2%
Months Supply of Inventory
4.0
5.8
-31.0%
Closed Sales
Percent Change Year-over-Year
949 138 129 99 138 97 71 54 95 59 69 75 65 88
9.5% 56.8% 35.8% 11.2% 51.6% 15.5% -28.3% -48.6% -5.9% -3.3% 27.8% 36.4% 3.2% 23.9%
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. 2016
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
2020
Closed Sales
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa 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.
2016
2017
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
Cash Sales
Percent Change Year-over-Year
372 44 51 39 63 40 26 20 32 26 31 24 23 29
3.0% 51.7% 21.4% 25.8% 80.0% 5.3% -38.1% -62.3% -15.8% -16.1% 40.9% -4.0% -8.0% 0.0%
2019
2020
70
Cash Sales
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
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
2016
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
39.2% 31.9% 39.5% 39.4% 45.7% 41.2% 36.6% 37.0% 33.7% 44.1% 44.9% 32.0% 35.4% 33.0%
-5.8% -3.3% -10.6% 13.2% 18.7% -8.8% -13.7% -26.7% -10.4% -13.2% 10.3% -29.7% -10.8% -19.1% 2020
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa 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
2016
2017
2018
Percent Change Year-over-Year
$305,000 $345,000 $315,000 $315,000 $340,000 $325,000 $250,000 $265,500 $300,000 $247,000 $305,000 $350,000 $256,900 $352,000
0.0% -2.0% -12.5% 7.9% 33.3% 4.0% -9.1% -11.5% 7.1% -15.4% -8.6% 18.5% -10.5% 4.8%
2019
2020
$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
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.
2016
Average Sale Price
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
Median Sale Price
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Average Sale Price
Percent Change Year-over-Year
$388,088 $419,256 $382,244 $398,705 $397,652 $389,010 $342,824 $384,572 $407,609 $328,632 $374,316 $417,303 $330,954 $389,472
3.7% 7.6% -12.1% 2.9% 19.6% 1.0% 2.1% 7.4% 16.4% -10.4% -12.2% 33.0% -5.3% -3.3% 2020
$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
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa 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. 2016
2017
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
Dollar Volume
Percent Change Year-over-Year
$368.3 Million $57.9 Million $49.3 Million $39.5 Million $54.9 Million $37.7 Million $24.3 Million $20.8 Million $38.7 Million $19.4 Million $25.8 Million $31.3 Million $21.5 Million $34.3 Million
13.6% 68.8% 19.3% 14.4% 81.4% 16.6% -26.8% -44.8% 9.5% -13.3% 12.2% 81.4% -2.3% 19.9%
2019
2020
$70 M
Dollar Volume
$60 M $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
2016
2017
2018
Month Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.5% 97.5% 96.9% 95.7% 96.3% 96.3% 96.1% 96.3% 96.7% 96.2% 96.3% 95.9% 97.3% 96.0%
0.6% 1.6% 1.5% -0.4% 0.6% -1.1% 0.7% 0.4% 1.0% 1.2% 0.5% 0.6% 0.6% 0.3% 2020
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa County Month
Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2016
2017
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
Median Time to Contract
Percent Change Year-over-Year
51 Days 32 Days 40 Days 47 Days 70 Days 80 Days 33 Days 18 Days 79 Days 53 Days 87 Days 56 Days 41 Days 52 Days
13.3% -38.5% 8.1% -7.8% 55.6% 122.2% -5.7% -55.0% 6.8% -7.0% 97.7% -16.4% 51.9% -25.7%
2019
2020
Median Time to Contract
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
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
2016
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Median Time to Sale
Percent Change Year-over-Year
90 Days 76 Days 90 Days 85 Days 106 Days 103 Days 62 Days 58 Days 107 Days 88 Days 133 Days 98 Days 77 Days 95 Days
8.4% -20.0% 21.6% -18.3% 37.7% 24.1% -13.9% -13.4% -2.7% 1.1% 47.8% -1.0% 14.9% -15.2% 2020
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa 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. 2016
2017
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
New Pending Sales
Percent Change Year-over-Year
1,045 125 116 170 117 159 98 50 49 69 92 48 70 88
12.2% 42.0% 30.3% 60.4% 53.9% 59.0% 3.2% -56.5% -52.4% -24.2% 35.3% 0.0% 11.1% 51.7%
2019
2020
Pending Sales
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. 2016
2017
2018
Year-to-Date October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
New Listings
Percent Change Year-over-Year
1,208 102 101 188 122 102 106 92 199 96 100 50 82 83
7.3% 22.9% -8.2% 55.4% 8.0% 0.0% -1.9% -31.3% 32.7% -9.4% 1.0% -26.5% -7.9% -10.8% 2020
New Listings
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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa 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.
2016
2017
YTD (Monthly Avg) October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019
2018
Inventory
Percent Change Year-over-Year
452 367 406 425 415 440 510 572 546 422 420 434 460 472
-5.0% -22.2% -18.0% -16.3% -15.3% -4.3% 6.5% 20.2% 13.8% -5.8% -6.7% -0.7% 2.7% 8.3%
2019
2020
800
Inventory
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
2016
2017
2018
YTD (Monthly Avg) October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 2019
Months Supply
Percent Change Year-over-Year
5.0 4.0 4.7 5.1 5.0 5.6 6.5 7.1 6.5 5.0 4.9 5.2 5.6 5.8
-15.3% -31.0% -23.0% -20.3% -18.0% -3.4% 8.3% 20.3% 6.6% -9.1% -9.3% 0.0% 5.7% 11.5% 2020
12.0 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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa County
Closed Sales by Sale Price The number of sales transactions which closed during the month Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. October 2019
Closed Sales
30
Closed Sales
Percent Change Year-over-Year
Less than $50,000
1
N/A
$50,000 - $99,999
4
-20.0%
$100,000 - $149,999
9
-25.0%
$150,000 - $199,999
26
550.0%
$200,000 - $249,999
10
66.7%
$250,000 - $299,999
12
33.3%
$300,000 - $399,999
21
40.0%
$400,000 - $599,999
22
10.0%
$600,000 - $999,999
27
68.8%
$1,000,000 or more
6
500.0%
Sale Price
October 2020
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. October 2019
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
558 Days
N/A
$50,000 - $99,999
244 Days
3966.7%
$100,000 - $149,999
4 Days
-81.0%
$150,000 - $199,999
9 Days
-50.0%
$200,000 - $249,999
10 Days
-72.2%
$250,000 - $299,999
32 Days
-3.0%
$300,000 - $399,999
72 Days
5.9%
$400,000 - $599,999
52 Days
-21.2%
$600,000 - $999,999
48 Days
-50.5%
$1,000,000 or more
69 Days
-82.7%
Sale Price
Median Time to Contract by Sale Price
600
$300,000 $399,999
October 2020
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 Thursday, November 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Market Detail - October 2020 Townhouses and Condos Okaloosa 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 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
2
-33.3%
$100,000 - $149,999
9
-25.0%
$150,000 - $199,999
8
-20.0%
$200,000 - $249,999
9
200.0%
$250,000 - $299,999
10
42.9%
$300,000 - $399,999
16
23.1%
$400,000 - $599,999
29
52.6%
$600,000 - $999,999
14
7.7%
$1,000,000 or more
5
66.7%
October 2020
35
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 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 2019
Inventory
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
0
-100.0%
$50,000 - $99,999
4
-75.0%
$100,000 - $149,999
22
-43.6%
$150,000 - $199,999
12
-57.1%
$200,000 - $249,999
21
-32.3%
$250,000 - $299,999
18
-43.8%
$300,000 - $399,999
55
-23.6%
$400,000 - $599,999
76
-32.7%
$600,000 - $999,999
69
-28.1%
$1,000,000 or more
90
104.5%
Current Listing Price
Inventory by Current Listing Price
120
$300,000 $399,999
October 2020
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$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 19, 2020. Next data release is Tuesday, December 22, 2020.
Monthly Distressed Market - October 2020 Townhouses and Condos Okaloosa County
Closed Sales
October 2020
October 2019
Percent Change Year-over-Year
137
87
57.5%
$345,000
$354,000
-2.5%
0
1
-100.0%
(No Sales)
$93,000
N/A
1
0
N/A
$790,000
(No Sales)
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2016
2017
Traditional
2018
Foreclosure/REO
2019
2020
Short Sale
100%
98%
Closed Sales
96% 94% 92% 90%
88% 86% 84% 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 $900K $800K
Median Sale Price
$700K $600K
$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
2016
2017
2018
2019
2020
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 19, 2020. Next data release is Tuesday, December 22, 2020.