Monthly Market Detail - October 2018 Townhouses and Condos Okaloosa County October 2018
October 2017
Percent Change Year-over-Year
71
77
-7.8%
29
26
11.5%
Median Sale Price
$336,000
$259,000
29.7%
Average Sale Price
$402,651
$351,129
14.7%
$28.6 Million
$27.0 Million
5.7%
95.7%
96.3%
-0.6%
Median Time to Contract
70 Days
100 Days
-30.0%
Median Time to Sale
112 Days
137 Days
-18.2%
New Pending Sales
58
65
-10.8%
New Listings
93
83
12.0%
Pending Inventory
70
130
-46.2%
Inventory (Active Listings)
436
480
-9.2%
Months Supply of Inventory
5.2
5.8
-10.3%
Closed Sales
Percent Change Year-over-Year
891 71 85 102 77 87 100 96 135 80 58 55 65 77
4.9% -7.8% 13.3% -3.8% 10.0% -8.4% -7.4% 6.7% 33.7% 11.1% 5.5% -32.1% -5.8% 16.7%
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 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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.
2014
2015
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
Cash Sales
Percent Change Year-over-Year
379 29 44 46 23 34 41 42 57 36 27 20 26 26
0.8% 11.5% 46.7% -13.2% 0.0% -20.9% -25.5% 27.3% 0.0% 12.5% 12.5% -23.1% -16.1% 13.0%
2017
2018
60
Cash Sales
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
2014
2015
2016
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
42.5% 40.8% 51.8% 45.1% 29.9% 39.1% 41.0% 43.8% 42.2% 45.0% 46.6% 36.4% 40.0% 33.8%
-4.1% 20.7% 29.5% -9.8% -9.1% -13.7% -19.4% 19.3% -25.2% 1.4% 6.9% 13.4% -10.9% -2.9% 2018
70% 60% 50% 40% 30% 20% 10% 0%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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
2014
2015
2016
Percent Change Year-over-Year
$298,500 $336,000 $250,000 $266,000 $279,000 $350,000 $316,500 $259,500 $347,000 $267,700 $256,750 $328,500 $242,500 $259,000
11.0% 29.7% -7.7% 17.6% 11.6% 32.1% 15.1% -10.5% 25.3% -3.2% -4.2% 13.7% -16.4% 1.6%
2017
2018
$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.
2014
Average Sale Price
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
Median Sale Price
2015
2016
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Average Sale Price
Percent Change Year-over-Year
$356,641 $402,651 $343,231 $348,350 $295,233 $458,077 $422,239 $291,695 $356,311 $328,641 $297,705 $431,344 $349,134 $351,129
1.5% 14.7% 5.8% -18.2% -20.1% 38.8% 20.4% -14.4% 6.7% 2.0% -14.5% 37.7% 4.0% 12.0% 2018
$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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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. 2014
2015
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
Dollar Volume
Percent Change Year-over-Year
$317.8 Million $28.6 Million $29.2 Million $35.5 Million $22.7 Million $39.9 Million $42.2 Million $28.0 Million $48.1 Million $26.3 Million $17.3 Million $23.7 Million $22.7 Million $27.0 Million
6.5% 5.7% 19.9% -21.3% -12.1% 27.1% 11.5% -8.7% 42.6% 13.3% -9.9% -6.5% -2.0% 30.6%
2017
2018
$60 M
Dollar Volume
$50 M $40 M $30 M $20 M $10 M $0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.
Med. Pct. of Orig. List Price Received
2014
2015
2016
Month Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.1% 95.7% 96.0% 95.2% 96.1% 95.8% 95.6% 96.5% 97.4% 96.0% 95.6% 94.7% 95.9% 96.3%
0.9% -0.6% 1.2% 0.1% 1.7% 0.6% 1.2% 0.6% 1.6% 2.7% 0.7% -0.2% 0.1% 2.6% 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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. 2014
2015
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
Median Time to Contract
Percent Change Year-over-Year
66 Days 70 Days 40 Days 82 Days 54 Days 39 Days 56 Days 39 Days 112 Days 118 Days 67 Days 67 Days 35 Days 100 Days
-13.2% -30.0% -47.4% 7.9% -28.9% -45.8% -11.1% -29.1% 119.6% 22.9% -48.5% -31.6% -49.3% -32.0%
2017
2018
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
2014
2015
2016
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Median Time to Sale
Percent Change Year-over-Year
99 Days 112 Days 65 Days 109 Days 92 Days 85 Days 89 Days 71 Days 177 Days 152 Days 97 Days 122 Days 83 Days 137 Days
-16.8% -18.2% -45.4% -8.4% -24.6% -28.0% -16.0% -20.2% 118.5% 6.3% -44.9% -15.9% -29.7% -27.9% 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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. 2014
2015
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
New Pending Sales
Percent Change Year-over-Year
893 58 81 106 90 85 88 99 109 88 89 61 56 65
-1.9% -10.8% 5.2% 17.8% -8.2% -10.5% -6.4% -10.0% -14.2% 1.1% 32.8% 13.0% -18.8% -18.8%
2017
2018
140
Pending Sales
120 100 80 60 40 20 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
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 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
New Listings
Percent Change Year-over-Year
1,028 93 95 108 79 110 97 120 121 108 97 58 75 83
5.3% 12.0% 21.8% 13.7% 5.3% 12.2% -12.6% 15.4% -16.0% 0.0% 21.3% 1.8% -7.4% -11.7% 2018
New Listings
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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.
2014
2015
YTD (Monthly Avg) October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
Inventory
Percent Change Year-over-Year
442 436 410 416 429 455 457 462 435 467 454 448 481 480
-14.5% -9.2% -12.8% -14.9% -15.6% -15.4% -16.8% -14.0% -19.1% -12.4% -14.3% -9.7% 1.3% -11.3%
2017
2018
1,000
Inventory
800 600 400 200 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.
Months Supply of Inventory
2014
2015
2016
YTD (Monthly Avg) October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Months Supply
Percent Change Year-over-Year
5.3 5.2 4.8 5.0 5.1 5.4 5.4 5.4 5.1 5.7 5.6 5.5 5.8 5.8
-19.7% -10.3% -15.8% -16.7% -19.0% -19.4% -22.9% -21.7% -29.2% -21.9% -24.3% -21.4% -14.7% -26.6% 2018
14.0 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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 Townhouses and Condos Okaloosa County
The number of sales transactions which closed during the month
Closed Sales
Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. October 2017
16 14 12 10 8 6 4 2 0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
Median Time to Contract
0
N/A
$50,000 - $99,999
6
0.0%
$100,000 - $149,999
8
-38.5%
$150,000 - $199,999
6
-25.0%
$200,000 - $249,999
4
-63.6%
$250,000 - $299,999
7
16.7%
$300,000 - $399,999
15
87.5%
$400,000 - $599,999
8
-42.9%
$600,000 - $999,999
13
44.4%
$1,000,000 or more
4
100.0%
October 2017
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
(No Sales)
N/A
$50,000 - $99,999
85 Days
-15.8%
$100,000 - $149,999
17 Days
-48.5%
$150,000 - $199,999
66 Days
-18.5%
$200,000 - $249,999
97 Days
-12.6%
$250,000 - $299,999
44 Days
-73.0%
$300,000 - $399,999
91 Days
-2.2%
$400,000 - $599,999
95 Days
8.0%
$600,000 - $999,999
159 Days
8.2%
$1,000,000 or more
128 Days
106.5%
Sale Price
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales.
$50,000 $99,999
Less than $50,000
16 14 12 10 8 6 4 2 0
The median number of days between the listing date and contract date for all Closed Sales during the month
Less than $50,000
Percent Change Year-over-Year
October 2018
Median Time to Contract by Sale Price
180 160 140 120 100 80 60 40 20 0
Closed Sales
Sale Price
Closed Sales by Sale Price
October 2018
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
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, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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 2017
New Listings
Percent Change Year-over-Year
Less than $50,000
2
100.0%
$50,000 - $99,999
2
-60.0%
$100,000 - $149,999
11
-8.3%
$150,000 - $199,999
8
-33.3%
$200,000 - $249,999
9
28.6%
$250,000 - $299,999
10
66.7%
$300,000 - $399,999
16
0.0%
$400,000 - $599,999
17
70.0%
$600,000 - $999,999
13
62.5%
$1,000,000 or more
5
-16.7%
October 2018
18 16 14 12 10 8 6 4 2 0
18 16 14 12 10 8 6 4 2 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 2017
120
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
1
N/A
$50,000 - $99,999
12
-20.0%
$100,000 - $149,999
27
-15.6%
$150,000 - $199,999
24
-42.9%
$200,000 - $249,999
24
-29.4%
$250,000 - $299,999
35
0.0%
$300,000 - $399,999
75
-11.8%
$400,000 - $599,999
103
6.2%
$600,000 - $999,999
102
4.1%
$1,000,000 or more
33
-21.4%
Current Listing Price
Inventory by Current Listing Price
Inventory
Initial Listing Price
October 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Distressed Market - October 2018 Townhouses and Condos Okaloosa County
Closed Sales
October 2018
October 2017
Percent Change Year-over-Year
68
74
-8.1%
$340,500
$245,000
39.0%
2
3
-33.3%
$546,500
$535,000
2.1%
1
0
N/A
$100,000
(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 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 $700,000 $600,000
Median Sale Price
$500,000 $400,000 $300,000 $200,000 $100,000 $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
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, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 Single Family Homes Okaloosa County October 2018
October 2017
Percent Change Year-over-Year
312
325
-4.0%
45
46
-2.2%
Median Sale Price
$233,500
$230,000
1.5%
Average Sale Price
$288,309
$284,409
1.4%
$90.0 Million
$92.4 Million
-2.7%
97.8%
97.2%
0.6%
Median Time to Contract
45 Days
40 Days
12.5%
Median Time to Sale
83 Days
86 Days
-3.5%
New Pending Sales
307
336
-8.6%
New Listings
350
366
-4.4%
Pending Inventory
418
513
-18.5%
Inventory (Active Listings)
1,130
1,136
-0.5%
Months Supply of Inventory
3.1
3.3
-6.1%
Closed Sales
Percent Change Year-over-Year
3,706 312 345 414 378 477 457 411 380 291 241 315 285 325
5.8% -4.0% -1.1% 2.0% 8.9% 0.8% 3.2% 23.8% 8.0% 13.2% 9.5% 6.1% 3.3% 3.8%
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 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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.
2014
2015
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
Cash Sales
Percent Change Year-over-Year
481 45 49 54 48 46 64 51 40 42 42 52 41 46
-4.2% -2.2% -2.0% -6.9% 26.3% -30.3% 18.5% -7.3% -29.8% -8.7% 31.3% 44.4% 2.5% 24.3%
2017
2018
100
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
2014
2015
2016
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
13.0% 14.4% 14.2% 13.0% 12.7% 9.6% 14.0% 12.4% 10.5% 14.4% 17.4% 16.5% 14.4% 14.2%
-9.1% 1.4% -0.7% -9.1% 15.5% -31.4% 14.8% -25.3% -35.2% -19.6% 20.0% 36.4% -0.7% 20.3% 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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
2014
2015
2016
Percent Change Year-over-Year
$234,500 $233,500 $220,000 $236,000 $231,000 $254,900 $240,000 $246,500 $224,900 $210,000 $234,900 $215,000 $215,000 $230,000
9.0% 1.5% 10.0% 4.9% 6.9% 11.8% 9.1% 7.7% 12.5% 2.4% 17.9% 9.1% 5.3% 9.6%
2017
2018
$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.
2014
Average Sale Price
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
Median Sale Price
2015
2016
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Average Sale Price
Percent Change Year-over-Year
$298,786 $288,309 $289,145 $296,337 $309,641 $316,523 $307,924 $301,668 $285,603 $264,766 $317,854 $259,466 $264,053 $284,409
8.2% 1.4% 8.2% 7.7% 21.1% 5.4% 6.1% 9.2% 12.0% 3.8% 8.9% 3.6% -10.1% 12.3% 2018
$350K $300K $250K $200K $150K $100K $50K $0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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. 2014
2015
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
Dollar Volume
Percent Change Year-over-Year
$1.1 Billion $90.0 Million $99.8 Million $122.7 Million $117.0 Million $151.0 Million $140.7 Million $124.0 Million $108.5 Million $77.0 Million $76.6 Million $81.7 Million $75.3 Million $92.4 Million
14.4% -2.7% 7.0% 9.9% 31.9% 6.3% 9.5% 35.2% 20.9% 17.6% 19.3% 9.9% -7.2% 16.6%
2017
2018
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
2014
2015
2016
Month Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
98.2% 97.8% 98.4% 97.7% 98.3% 98.6% 98.9% 98.6% 98.4% 97.9% 98.0% 97.7% 97.4% 97.2%
0.2% 0.6% 0.4% -0.4% 0.1% 0.2% 0.4% 0.0% 0.7% 1.0% 1.8% 0.0% 1.0% 0.3% 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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. 2014
2015
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
Median Time to Contract
Percent Change Year-over-Year
30 Days 45 Days 25 Days 29 Days 33 Days 22 Days 26 Days 21 Days 35 Days 51 Days 48 Days 37 Days 40 Days 40 Days
-23.1% 12.5% -34.2% -21.6% 3.1% -24.1% -7.1% -38.2% -40.7% -28.2% -25.0% -36.2% -34.4% -16.7%
2017
2018
Median Time to Contract
120 100 80 60 40 20 0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O
Month
Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Median Time to Sale
2014
2015
2016
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Median Time to Sale
Percent Change Year-over-Year
74 Days 83 Days 68 Days 69 Days 77 Days 68 Days 70 Days 64 Days 83 Days 98 Days 95 Days 77 Days 86 Days 86 Days
-14.9% -3.5% -26.1% -11.5% -4.9% -9.3% -6.7% -24.7% -20.2% -11.7% -18.1% -30.6% -24.6% -18.1% 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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. 2014
2015
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
New Pending Sales
Percent Change Year-over-Year
3,939 307 306 357 429 370 475 496 463 371 365 277 284 336
0.4% -8.6% 4.8% -11.2% 5.1% -8.4% 3.7% -1.2% 16.3% 1.6% 2.0% 21.5% 8.8% 28.2%
2017
2018
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. 2014
2015
2016
Year-to-Date October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
New Listings
Percent Change Year-over-Year
4,324 350 308 424 480 450 506 522 521 399 364 282 296 366
4.5% -4.4% -4.3% -2.1% 31.1% -3.2% 3.3% 12.5% 3.6% 7.5% 2.2% 11.5% -4.5% 18.4% 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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.
2014
2015
YTD (Monthly Avg) October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017
2016
Inventory
Percent Change Year-over-Year
1,123 1,130 1,134 1,197 1,173 1,154 1,129 1,103 1,085 1,078 1,051 1,061 1,112 1,136
-3.8% -0.5% -0.1% 4.5% 1.8% -5.3% -4.2% -5.1% -11.9% -6.2% -9.3% -7.1% 3.2% -4.1%
2017
2018
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
2014
2015
2016
YTD (Monthly Avg) October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 2017
Months Supply
Percent Change Year-over-Year
3.2 3.1 3.2 3.3 3.3 3.2 3.2 3.1 3.1 3.1 3.1 3.1 3.3 3.3
-8.6% -6.1% -5.9% -2.9% -2.9% -11.1% -11.1% -13.9% -18.4% -13.9% -13.9% -13.9% -2.9% -13.2% 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 Single Family Homes Okaloosa County
The number of sales transactions which closed during the month
Closed Sales
Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. October 2017
80 70 60 50 40 30 20 10 0 Less than $50,000
$50,000 $99,999
Less than $50,000
4
0.0%
$50,000 - $99,999
14
-30.0%
$100,000 - $149,999
30
-36.2%
$150,000 - $199,999
55
-6.8%
$200,000 - $249,999
73
15.9%
$250,000 - $299,999
44
-4.3%
$300,000 - $399,999
44
25.7%
$400,000 - $599,999
30
0.0%
$600,000 - $999,999
13
18.2%
$1,000,000 or more
5
-50.0%
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
80 70 60 50 40 30 20 10 0 $250,000 $299,999
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. October 2017
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
18 Days
-84.9%
$50,000 - $99,999
56 Days
300.0%
$100,000 - $149,999
29 Days
-6.5%
$150,000 - $199,999
37 Days
42.3%
$200,000 - $249,999
60 Days
11.1%
$250,000 - $299,999
23 Days
-57.4%
$300,000 - $399,999
48 Days
92.0%
$400,000 - $599,999
80 Days
45.5%
$600,000 - $999,999
74 Days
-34.5%
$1,000,000 or more
59 Days
-40.4%
Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
Median Time to Contract
Percent Change Year-over-Year
October 2018
Median Time to Contract by Sale Price
140
Closed Sales
Sale Price
Closed Sales by Sale Price
October 2018
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 Wednesday, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Market Detail - October 2018 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 2017
New Listings
Percent Change Year-over-Year
Less than $50,000
3
200.0%
$50,000 - $99,999
6
-75.0%
$100,000 - $149,999
51
8.5%
$150,000 - $199,999
62
-23.5%
$200,000 - $249,999
73
21.7%
$250,000 - $299,999
52
-1.9%
$300,000 - $399,999
53
43.2%
$400,000 - $599,999
22
-43.6%
$600,000 - $999,999
16
45.5%
$1,000,000 or more
12
-7.7%
October 2018
90 80 70 60 50 40 30 20 10 0
90 80 70 60 50 40 30 20 10 0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
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 2017
250
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
2
-75.0%
$50,000 - $99,999
26
-50.9%
$100,000 - $149,999
90
1.1%
$150,000 - $199,999
143
-9.5%
$200,000 - $249,999
207
43.8%
$250,000 - $299,999
141
-2.8%
$300,000 - $399,999
168
8.4%
$400,000 - $599,999
140
-10.8%
$600,000 - $999,999
100
-14.5%
$1,000,000 or more
113
2.7%
Current Listing Price
Inventory by Current Listing Price
Inventory
Initial Listing Price
October 2018
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, November 21, 2018. Next data release is Wednesday, December 19, 2018.
Monthly Distressed Market - October 2018 Single Family Homes Okaloosa County
Closed Sales
October 2018
October 2017
Percent Change Year-over-Year
297
304
-2.3%
$237,000
$235,250
0.7%
9
16
-43.8%
$108,000
$130,500
-17.2%
6
5
20.0%
$128,150
$191,950
-33.2%
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 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 $300,000
Median Sale Price
$250,000
$200,000
$150,000
$100,000
$50,000
$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
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, November 21, 2018. Next data release is Wednesday, December 19, 2018.