Okaloosa County Market Report November 2019

Monthly Market Detail - November 2019 Single Family Homes Okaloosa County November 2019

November 2018

Percent Change Year-over-Year

358

278

28.8%

41

39

5.1%

Median Sale Price

$240,400

$228,450

5.2%

Average Sale Price

$301,483

$317,307

-5.0%

$107.9 Million

$88.2 Million

22.4%

99.2%

97.0%

2.3%

Median Time to Contract

26 Days

46 Days

-43.5%

Median Time to Sale

72 Days

96 Days

-25.0%

New Pending Sales

372

323

15.2%

New Listings

342

317

7.9%

Pending Inventory

572

450

27.1%

Inventory (Active Listings)

798

1,077

-25.9%

Months Supply of Inventory

2.0

3.0

-33.3%

Closed Sales

Percent Change Year-over-Year

4,567 358 389 425 459 482 527 514 443 402 319 249 321 278

14.6% 28.8% 24.7% 23.2% 10.9% 27.5% 10.5% 12.5% 7.8% 5.8% 9.6% 3.3% 1.9% -2.5%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

Month

The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.

2015

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

2019

Closed Sales

600 500 400 300

200 100 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida 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, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

Cash Sales

Percent Change Year-over-Year

511 41 37 38 46 58 63 57 49 40 39 43 33 39

-1.7% 5.1% -17.8% -22.4% -14.8% 20.8% 37.0% -10.9% -3.9% 0.0% -7.1% 2.4% -36.5% -4.9%

2018

2019

100

Cash Sales

80 60 40 20 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales

Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.

Pct. of Closed Sales Paid in Cash

2015

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

11.2% 11.5% 9.5% 8.9% 10.0% 12.0% 12.0% 11.1% 11.1% 10.0% 12.2% 17.3% 10.3% 14.0%

-14.5% -17.9% -34.0% -37.3% -23.1% -5.5% 25.0% -20.7% -10.5% -4.8% -15.3% -0.6% -37.6% -2.8% 2019

30% 25% 20% 15%

10% 5% 0%

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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

2015

2016

2017

Percent Change Year-over-Year

$238,000 $240,400 $225,000 $239,900 $243,000 $250,000 $253,750 $246,170 $220,000 $234,900 $218,000 $224,000 $218,000 $228,450

1.6% 5.2% -3.6% 9.0% 3.0% 8.2% -0.5% 2.6% -10.8% 4.4% 3.8% -4.6% 1.4% 6.3%

2018

2019

$300K $250K $200K $150K $100K $50K $0K

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.

2015

Average Sale Price

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

Median Sale Price

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Average Sale Price

Percent Change Year-over-Year

$296,041 $301,483 $265,455 $287,050 $298,412 $306,129 $324,473 $317,893 $271,101 $291,744 $271,627 $304,747 $265,109 $317,307

-1.3% -5.0% -7.9% -0.7% 0.7% -1.1% 2.5% 3.2% -10.1% 2.2% 2.6% -4.1% 2.2% 20.2% 2019

$350K $300K $250K $200K $150K $100K $50K $0K

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

Dollar Volume

Percent Change Year-over-Year

$1.4 Billion $107.9 Million $103.3 Million $122.0 Million $137.0 Million $147.6 Million $171.0 Million $163.4 Million $120.1 Million $117.3 Million $86.6 Million $75.9 Million $85.1 Million $88.2 Million

13.1% 22.4% 14.8% 22.3% 11.6% 26.1% 13.3% 16.1% -3.1% 8.1% 12.5% -0.9% 4.1% 17.2%

2018

2019

Dollar Volume

$200 M $150 M $100 M $50 M $0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.

Med. Pct. of Orig.

List Price Received

2015

2016

2017

Month Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

98.9% 99.2% 99.0% 99.1% 99.1% 99.3% 99.0% 99.0% 99.3% 98.8% 98.0% 96.6% 97.5% 97.0%

0.7% 2.3% 1.2% 0.7% 1.4% 1.0% 0.4% 0.1% 0.7% 0.4% 0.1% -1.4% -0.2% -0.4% 2019

120% 100% 80% 60%

40% 20% 0%

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

Median Time to Contract

Percent Change Year-over-Year

23 Days 26 Days 20 Days 22 Days 19 Days 18 Days 19 Days 20 Days 19 Days 23 Days 47 Days 48 Days 42 Days 46 Days

-25.8% -43.5% -55.6% -12.0% -34.5% -45.5% -13.6% -23.1% -9.5% -34.3% -7.8% 0.0% 13.5% 15.0%

2018

2019

Median Time to Contract

100 80 60 40 20 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.

Median Time to Sale

2015

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Median Time to Sale

Percent Change Year-over-Year

66 Days 72 Days 64 Days 67 Days 62 Days 62 Days 63 Days 65 Days 63 Days 65 Days 86 Days 94 Days 82 Days 96 Days

-12.0% -25.0% -22.9% -1.5% -10.1% -19.5% -7.4% -7.1% -1.6% -21.7% -12.2% -1.1% 6.5% 11.6% 2019

200 150 100 50 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

New Pending Sales

Percent Change Year-over-Year

4,963 372 418 391 447 494 479 516 538 505 380 423 271 323

16.4% 15.2% 36.2% 27.8% 25.2% 15.2% 29.5% 8.6% 8.5% 9.1% 2.4% 15.9% -2.2% 13.7%

2018

2019

Pending Sales

600 500 400 300 200 100 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.

2015

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

New Listings

Percent Change Year-over-Year

5,044 342 444 402 432 541 475 548 568 486 398 408 259 317

8.7% 7.9% 26.9% 30.5% 1.9% 12.7% 5.6% 8.3% 8.8% -6.7% -0.3% 12.1% -8.2% 7.1% 2019

New Listings

600 500 400 300

200 100 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

YTD (Monthly Avg) November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

Inventory

Percent Change Year-over-Year

911 798 845 856 892 957 921 970 930 925 959 966 1,016 1,077

-18.6% -25.9% -25.2% -24.5% -25.5% -18.4% -20.2% -14.1% -15.7% -14.7% -11.0% -8.1% -4.2% -3.1%

2018

2019

2,000

Inventory

1,500 1,000 500 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.

Months Supply of Inventory

2015

2016

2017

YTD (Monthly Avg) November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Months Supply

Percent Change Year-over-Year

2.4 2.0 2.1 2.2 2.3 2.5 2.5 2.6 2.5 2.5 2.7 2.7 2.8 3.0

-25.0% -33.3% -32.3% -31.3% -30.3% -24.2% -21.9% -18.8% -19.4% -19.4% -12.9% -12.9% -9.7% -9.1% 2019

7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 Single Family Homes Okaloosa County

Closed Sales by Sale Price The number of sales transactions which closed during the month

Closed Sales

Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.

90 80 70 60 50 40 30 20 10 0

November 2018

Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

1

0.0%

$50,000 - $99,999

10

-23.1%

$100,000 - $149,999

30

-9.1%

$150,000 - $199,999

62

6.9%

$200,000 - $249,999

84

55.6%

$250,000 - $299,999

61

84.8%

$300,000 - $399,999

53

10.4%

$400,000 - $599,999

35

66.7%

$600,000 - $999,999

15

50.0%

$1,000,000 or more

7

0.0%

$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

9 Days

-96.3%

$50,000 - $99,999

26 Days

-10.3%

$100,000 - $149,999

22 Days

69.2%

$150,000 - $199,999

11 Days

-74.4%

$200,000 - $249,999

16 Days

-78.4%

$250,000 - $299,999

24 Days

-60.7%

$300,000 - $399,999

44 Days

-44.3%

$400,000 - $599,999

72 Days

2.9%

$600,000 - $999,999

133 Days

259.5%

$1,000,000 or more

76 Days

-40.6%

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.

Median Time to Contract

Less than $50,000

90 80 70 60 50 40 30 20 10 0

The median number of days between the listing date and contract date for all Closed Sales during the month

November 2018

Percent Change Year-over-Year

November 2019

Median Time to Contract by Sale Price

300

Closed Sales

Sale Price

November 2019

300

250

250

200

200

150

150

100

100

50

50

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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

November 2018

New Listings

Percent Change Year-over-Year

Less than $50,000

4

300.0%

$50,000 - $99,999

8

-55.6%

$100,000 - $149,999

34

-12.8%

$150,000 - $199,999

59

-15.7%

$200,000 - $249,999

71

44.9%

$250,000 - $299,999

59

31.1%

$300,000 - $399,999

53

8.2%

$400,000 - $599,999

34

54.5%

$600,000 - $999,999

13

-18.8%

$1,000,000 or more

7

-12.5%

November 2019

80 70 60 50 40 30 20 10 0

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.

200 180 160 140 120 100 80 60 40 20 0

November 2018

Less than $50,000

$50,000 $99,999

$100,000 $149,999

$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

5

66.7%

$50,000 - $99,999

22

-33.3%

$100,000 - $149,999

48

-38.5%

$150,000 - $199,999

74

-51.3%

$200,000 - $249,999

96

-47.0%

$250,000 - $299,999

97

-26.5%

$300,000 - $399,999

108

-33.7%

$400,000 - $599,999

124

-1.6%

$600,000 - $999,999

109

10.1%

$1,000,000 or more

115

4.5%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

November 2019

$150,000 $199,999

$200,000 $249,999

200 180 160 140 120 100 80 60 40 20 0 $250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Distressed Market - November 2019 Single Family Homes Okaloosa County

Closed Sales

November 2019

November 2018

Percent Change Year-over-Year

347

262

32.4%

$245,000

$234,900

4.3%

8

15

-46.7%

$180,255

$180,000

0.1%

3

1

200.0%

$132,000

$187,000

-29.4%

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2015

2016

Traditional

2017

Foreclosure/REO

2018

2019

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON $300K

Median Sale Price

$250K

$200K

$150K

$100K

$50K

$0K

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

2015

2016

2017

2018

2019

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 Townhouses and Condos Okaloosa County November 2019

November 2018

Percent Change Year-over-Year

65

63

3.2%

23

25

-8.0%

Median Sale Price

$256,900

$287,000

-10.5%

Average Sale Price

$330,954

$349,469

-5.3%

$21.5 Million

$22.0 Million

-2.3%

97.3%

96.7%

0.6%

Median Time to Contract

41 Days

27 Days

51.9%

Median Time to Sale

77 Days

67 Days

14.9%

New Pending Sales

70

63

11.1%

New Listings

82

89

-7.9%

Pending Inventory

100

67

49.3%

Inventory (Active Listings)

460

448

2.7%

Months Supply of Inventory

5.6

5.3

5.7%

Closed Sales

Percent Change Year-over-Year

932 65 88 95 89 91 84 99 105 101 61 54 55 63

-2.3% 3.2% 23.9% 11.8% -12.7% 18.2% -3.4% -1.0% 9.4% -25.2% -23.8% -6.9% 0.0% -3.1%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

Month

The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.

2015

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

2019

Closed Sales

150

100

50

0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

Cash Sales

Percent Change Year-over-Year

384 23 29 42 31 35 38 42 53 38 31 22 25 25

-5.0% -8.0% 0.0% -4.5% -32.6% 52.2% 11.8% 2.4% 26.2% -33.3% -13.9% -18.5% 25.0% -3.8%

2018

2019

60

Cash Sales

50 40 30 20 10 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales

Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.

Pct. of Closed Sales Paid in Cash

2015

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

41.2% 35.4% 33.0% 44.2% 34.8% 38.5% 45.2% 42.4% 50.5% 37.6% 50.8% 40.7% 45.5% 39.7%

-2.6% -10.8% -19.1% -14.7% -22.8% 28.8% 15.6% 3.4% 15.3% -10.9% 12.9% -12.7% 25.0% -0.8% 2019

70% 60% 50% 40% 30% 20% 10% 0%

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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

2015

2016

2017

Percent Change Year-over-Year

$300,000 $256,900 $352,000 $360,000 $292,000 $255,000 $312,500 $275,000 $299,999 $280,000 $292,000 $333,750 $295,250 $287,000

1.0% -10.5% 4.8% 44.0% 9.8% -8.6% -10.7% -13.1% 15.6% -19.3% 9.1% 30.0% -10.1% 18.4%

2018

2019

$400K $300K $200K $100K $0K

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.

2015

Average Sale Price

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

Median Sale Price

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Average Sale Price

Percent Change Year-over-Year

$371,064 $330,954 $389,472 $435,071 $387,573 $332,392 $385,303 $335,864 $358,013 $350,253 $366,716 $426,303 $313,670 $349,469

4.2% -5.3% -3.3% 26.8% 11.3% 12.6% -15.9% -20.5% 22.7% -1.7% 11.6% 43.2% -27.3% 0.1% 2019

$500K $400K $300K $200K $100K $0K

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

Dollar Volume

Percent Change Year-over-Year

$345.8 Million $21.5 Million $34.3 Million $41.3 Million $34.5 Million $30.2 Million $32.4 Million $33.3 Million $37.6 Million $35.4 Million $22.4 Million $23.0 Million $17.3 Million $22.0 Million

1.8% -2.3% 19.9% 41.7% -2.9% 33.1% -18.8% -21.3% 34.2% -26.5% -14.9% 33.3% -27.3% -3.0%

2018

2019

$60 M

Dollar Volume

$50 M $40 M $30 M $20 M $10 M $0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator.

Med. Pct. of Orig.

List Price Received

2015

2016

2017

Month Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

95.9% 97.3% 96.0% 95.5% 96.1% 95.7% 97.4% 95.4% 95.9% 95.7% 95.1% 95.8% 95.3% 96.7%

-0.3% 0.6% 0.3% -0.5% 0.9% -0.4% 1.7% -0.2% -0.6% -1.7% -0.9% 0.2% 0.6% 0.8% 2019

120% 100% 80% 60%

40% 20% 0%

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

Median Time to Contract

Percent Change Year-over-Year

45 Days 41 Days 52 Days 37 Days 51 Days 45 Days 36 Days 35 Days 40 Days 74 Days 57 Days 44 Days 67 Days 27 Days

-30.8% 51.9% -25.7% -7.5% -37.8% -16.7% -7.7% -37.5% 2.6% -33.9% -51.7% -34.3% 0.0% -22.9%

2018

2019

Median Time to Contract

200 150 100 50 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.

Median Time to Sale

2015

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Median Time to Sale

Percent Change Year-over-Year

83 Days 77 Days 95 Days 74 Days 104 Days 77 Days 83 Days 72 Days 67 Days 110 Days 87 Days 90 Days 99 Days 67 Days

-16.2% 14.9% -15.2% 13.8% -4.6% -16.3% -2.4% -19.1% -5.6% -37.9% -42.8% -7.2% -18.9% -19.3% 2019

250 200 150 100 50 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

New Pending Sales

Percent Change Year-over-Year

1,001 70 88 89 106 76 100 95 115 103 91 68 48 63

4.7% 11.1% 51.7% 9.9% 0.0% -15.6% 17.6% 8.0% 16.2% -5.5% 3.4% -23.6% -21.3% 12.5%

2018

2019

140

Pending Sales

120 100 80 60 40 20 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

New Listings The number of properties put onto the market during the month Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.

2015

2016

2017

Year-to-Date November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

New Listings

Percent Change Year-over-Year

1,208 82 83 110 121 113 102 108 134 150 106 99 68 89

8.1% -7.9% -10.8% 15.8% 12.0% 43.0% -7.3% 11.3% 11.7% 24.0% -1.9% 2.1% 17.2% 18.7% 2019

New Listings

200 150 100 50 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

2015

2016

YTD (Monthly Avg) November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018

2017

Inventory

Percent Change Year-over-Year

474 460 472 495 508 490 460 479 476 480 448 450 437 448

7.0% 2.7% 8.3% 20.7% 22.1% 14.2% 1.1% 4.8% 3.0% 10.3% -4.1% -0.9% -2.5% -6.9%

2018

2019

1,000

Inventory

800 600 400 200 0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Month

Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead.

Months Supply of Inventory

2015

2016

2017

YTD (Monthly Avg) November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 2018

Months Supply

Percent Change Year-over-Year

5.9 5.6 5.8 6.1 6.4 6.1 5.8 6.0 5.9 6.1 5.5 5.4 5.2 5.3

11.3% 5.7% 11.5% 27.1% 28.0% 19.6% 7.4% 11.1% 9.3% 19.6% -3.5% -3.6% -5.5% -8.6% 2019

14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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.

Closed Sales

14

November 2018

Closed Sales

Percent Change Year-over-Year

Less than $50,000

1

N/A

$50,000 - $99,999

3

200.0%

$100,000 - $149,999

7

-36.4%

$150,000 - $199,999

10

11.1%

$200,000 - $249,999

8

33.3%

$250,000 - $299,999

11

120.0%

$300,000 - $399,999

9

-18.2%

$400,000 - $599,999

10

-23.1%

$600,000 - $999,999

5

0.0%

$1,000,000 or more

1

-50.0%

Sale Price

November 2019

14

12

12

10

10

8

8

6

6

4

4

2

2

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The median number of days between the listing date and contract date for all Closed Sales during the month

Median Time to Contract

Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales.

November 2018

Less than $50,000

$50,000 $99,999

$100,000 $149,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more Median Time to Contract

Percent Change Year-over-Year

Less than $50,000

31 Days

N/A

$50,000 - $99,999

13 Days

550.0%

$100,000 - $149,999

5 Days

-66.7%

$150,000 - $199,999

21 Days

133.3%

$200,000 - $249,999

38 Days

280.0%

$250,000 - $299,999

19 Days

-79.8%

$300,000 - $399,999

51 Days

88.9%

$400,000 - $599,999

79 Days

-8.1%

$600,000 - $999,999

162 Days

575.0%

$1,000,000 or more

5 Days

-96.8%

Sale Price

Median Time to Contract by Sale Price

180 160 140 120 100 80 60 40 20 0

$300,000 $399,999

November 2019

$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 Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Market Detail - November 2019 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

November 2018

New Listings

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

4

300.0%

$100,000 - $149,999

6

-45.5%

$150,000 - $199,999

5

-16.7%

$200,000 - $249,999

7

-30.0%

$250,000 - $299,999

9

12.5%

$300,000 - $399,999

15

-6.3%

$400,000 - $599,999

11

-38.9%

$600,000 - $999,999

19

72.7%

$1,000,000 or more

6

-25.0%

November 2019

20 18 16 14 12 10 8 6 4 2 0

20 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.

120

November 2018

$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

100.0%

$50,000 - $99,999

14

27.3%

$100,000 - $149,999

40

53.8%

$150,000 - $199,999

25

-7.4%

$200,000 - $249,999

29

7.4%

$250,000 - $299,999

35

-2.8%

$300,000 - $399,999

74

-2.6%

$400,000 - $599,999

100

-4.8%

$600,000 - $999,999

97

-3.0%

$1,000,000 or more

44

12.8%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

November 2019

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, December 19, 2019. Next data release is Wednesday, January 22, 2020.

Monthly Distressed Market - November 2019 Townhouses and Condos Okaloosa County

Closed Sales

November 2019

November 2018

Percent Change Year-over-Year

64

63

1.6%

$257,950

$287,000

-10.1%

1

0

N/A

$41,000

(No Sales)

N/A

0

0

N/A

(No Sales)

(No Sales)

N/A

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2015

2016

Traditional

2017

Foreclosure/REO

2018

2019

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON $800K $700K

Median Sale Price

$600K $500K

$400K $300K $200K $100K $0K

J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON D J FMAM J J A S ON

2015

2016

2017

2018

2019

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Thursday, December 19, 2019. Next data release is Wednesday, January 22, 2020.