Okaloosa County Market Report April 2020

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County April 2020

April 2019

Percent Change Year-over-Year

361

443

-18.5%

29

49

-40.8%

Median Sale Price

$257,000

$220,000

16.8%

Average Sale Price

$296,281

$271,101

9.3%

$107.0 Million

$120.1 Million

-10.9%

Median Percent of Original List Price Received

100.0%

99.3%

0.7%

Median Time to Contract

10 Days

19 Days

-47.4%

Median Time to Sale

53 Days

63 Days

-15.9%

New Pending Sales

382

538

-29.0%

New Listings

420

568

-26.1%

Pending Inventory

528

760

-30.5%

Inventory (Active Listings)

805

930

-13.4%

Months Supply of Inventory

2.0

2.5

-20.0%

Closed Sales

Percent Change Year-over-Year

1,397 361 372 354 310 390 358 389 425 459 482 527 514 443

-1.1% -18.5% -7.5% 11.0% 24.5% 21.5% 28.8% 24.7% 23.2% 10.9% 27.5% 10.5% 12.5% 7.8%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume

Closed Sales

Month

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

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

2019

Closed Sales

600 500 400 300 200 100 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County Month

Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Cash Sales

Percent Change Year-over-Year

142 29 41 41 31 48 41 37 38 46 58 63 57 49

-17.0% -40.8% 2.5% 5.1% -27.9% 45.5% 5.1% -17.8% -22.4% -14.8% 20.8% 37.0% -10.9% -3.9%

2019

Cash Sales

80 60 40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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

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

Pct. of Closed Sales Paid in Cash

2016

2017

Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

10.2% 8.0% 11.0% 11.6% 10.0% 12.3% 11.5% 9.5% 8.9% 10.0% 12.0% 12.0% 11.1% 11.1%

-15.7% -27.9% 10.0% -4.9% -42.2% 19.4% -17.9% -34.0% -37.3% -23.1% -5.5% 25.0% -20.7% -10.5%

2019

30% 25% 20% 15% 10% 5% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County Month

Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.

Median Sale Price

2016

2017

2018

Percent Change Year-over-Year

$245,950 $257,000 $252,013 $242,711 $235,000 $244,950 $240,400 $225,000 $239,900 $243,000 $250,000 $253,750 $246,170 $220,000

9.3% 16.8% 7.3% 11.3% 4.9% 12.4% 5.2% -3.6% 9.0% 3.0% 8.2% -0.5% 2.6% -10.8%

2019

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Month

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

2016

Average Sale Price

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019

Median Sale Price

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Average Sale Price

Percent Change Year-over-Year

$299,875 $296,281 $301,787 $295,543 $306,712 $295,210 $301,483 $265,455 $287,050 $298,412 $306,129 $324,473 $317,893 $271,101

6.0% 9.3% 3.4% 8.8% 0.6% 11.4% -5.0% -7.9% -0.7% 0.7% -1.1% 2.5% 3.2% -10.1%

2019

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County Month

Dollar Volume The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually.

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Dollar Volume

Percent Change Year-over-Year

$418.9 Million $107.0 Million $112.3 Million $104.6 Million $95.1 Million $115.1 Million $107.9 Million $103.3 Million $122.0 Million $137.0 Million $147.6 Million $171.0 Million $163.4 Million $120.1 Million

4.8% -10.9% -4.3% 20.7% 25.3% 35.3% 22.4% 14.8% 22.3% 11.6% 26.1% 13.3% 16.1% -3.1%

2019

Dollar Volume

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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

Med. Pct. of Orig.

List Price Received

2016

2017

Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

100.0% 100.0% 100.0% 99.8% 99.4% 98.7% 99.2% 99.0% 99.1% 99.1% 99.3% 99.0% 99.0% 99.3%

1.6% 0.7% 1.2% 1.8% 2.9% 1.2% 2.3% 1.2% 0.7% 1.4% 1.0% 0.4% 0.1% 0.7%

2019

120% 100% 80% 60% 40% 20% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County Month

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

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

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Median Time to Contract

Percent Change Year-over-Year

15 Days 10 Days 15 Days 21 Days 22 Days 22 Days 26 Days 20 Days 22 Days 19 Days 18 Days 19 Days 20 Days 19 Days

-48.3% -47.4% -34.8% -55.3% -54.2% -47.6% -43.5% -55.6% -12.0% -34.5% -45.5% -13.6% -23.1% -9.5%

2019

Median Time to Contract

100 80 60 40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Month

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

Median Time to Sale

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Median Time to Sale

Percent Change Year-over-Year

61 Days 53 Days 60 Days 69 Days 70 Days 64 Days 72 Days 64 Days 67 Days 62 Days 62 Days 63 Days 65 Days 63 Days

-15.3% -15.9% -7.7% -19.8% -25.5% -22.0% -25.0% -22.9% -1.5% -10.1% -19.5% -7.4% -7.1% -1.6%

2019

200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County Month

New Pending Sales The number of listed properties that went under contract during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

New Pending Sales

Percent Change Year-over-Year

1,433 382 258 350 443 297 372 418 391 447 494 479 516 538

-22.4% -29.0% -48.9% -7.9% 4.7% 9.6% 15.2% 36.2% 27.8% 25.2% 15.2% 29.5% 8.6% 8.5%

2019

Pending Sales

600 500 400 300 200 100 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Month

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

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

New Listings

Percent Change Year-over-Year

1,779 420 528 432 399 246 342 444 402 432 541 475 548 568

-4.4% -26.1% 8.6% 8.5% -2.2% -5.0% 7.9% 26.9% 30.5% 1.9% 12.7% 5.6% 8.3% 8.8%

2019

New Listings

600 500 400 300 200 100 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County Month

Inventory (Active Listings) The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.

2016

2017

YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Inventory

Percent Change Year-over-Year

736 805 768 690 682 731 798 845 856 892 957 921 970 930

-22.1% -13.4% -17.0% -28.1% -29.4% -28.1% -25.9% -25.2% -24.5% -25.5% -18.4% -20.2% -14.1% -15.7%

2019

2,000

Inventory

1,500 1,000 500 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Month

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

Months Supply of Inventory

2016

2017

YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Months Supply

Percent Change Year-over-Year

2.0 2.0 1.8 1.6 1.6 1.8 2.0 2.1 2.2 2.3 2.5 2.5 2.6 2.5

-23.1% -20.0% -28.0% -40.7% -40.7% -35.7% -33.3% -32.3% -31.3% -30.3% -24.2% -21.9% -18.8% -19.4%

2019

6.0 5.0 4.0 3.0 2.0 1.0 0.0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County

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

April 2019

Closed Sales

120

Closed Sales

Percent Change Year-over-Year

Less than $50,000

2

100.0%

$50,000 - $99,999

6

-45.5%

$100,000 - $149,999

31

-43.6%

$150,000 - $199,999

51

-51.9%

$200,000 - $249,999

82

-10.9%

$250,000 - $299,999

64

14.3%

$300,000 - $399,999

65

-9.7%

$400,000 - $599,999

46

35.3%

$600,000 - $999,999

9

-30.8%

$1,000,000 or more

5

66.7%

Sale Price

Closed Sales by Sale Price

April 2020

120

100

100

80

80

60

60

40

40

20

20

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

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

Median Time to Contract

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

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

April 2019

$400,000 $599,999

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

Percent Change Year-over-Year

Less than $50,000

54 Days

-77.6%

$50,000 - $99,999

5 Days

-54.5%

$100,000 - $149,999

11 Days

-38.9%

$150,000 - $199,999

9 Days

-50.0%

$200,000 - $249,999

7 Days

-61.1%

$250,000 - $299,999

8 Days

-33.3%

$300,000 - $399,999

13 Days

-58.1%

$400,000 - $599,999

10 Days

-16.7%

$600,000 - $999,999

151 Days

4.1%

$1,000,000 or more

19 Days

-85.2%

Sale Price

Median Time to Contract by Sale Price

300

$300,000 $399,999

April 2020

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Single Family Homes Okaloosa County

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

New Listings

April 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

3

-25.0%

$50,000 - $99,999

5

-44.4%

$100,000 - $149,999

31

-38.0%

$150,000 - $199,999

56

-42.9%

$200,000 - $249,999

93

-26.2%

$250,000 - $299,999

76

1.3%

$300,000 - $399,999

73

-8.8%

$400,000 - $599,999

49

-31.9%

$600,000 - $999,999

22

-35.3%

$1,000,000 or more

12

-40.0%

April 2020

140

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

The number of property listings active at the end of the month

Inventory

Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.

April 2019

Less than $50,000

$50,000 $99,999

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

3

50.0%

$50,000 - $99,999

7

-63.2%

$100,000 - $149,999

25

-45.7%

$150,000 - $199,999

63

-25.9%

$200,000 - $249,999

88

-30.7%

$250,000 - $299,999

103

-11.2%

$300,000 - $399,999

140

-11.4%

$400,000 - $599,999

150

7.9%

$600,000 - $999,999

115

0.9%

$1,000,000 or more

111

-10.5%

Current Listing Price

Inventory by Current Listing Price

180 160 140 120 100 80 60 40 20 0

$300,000 $399,999

April 2020

$100,000 $149,999

$150,000 $199,999

180 160 140 120 100 80 60 40 20 0 $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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Distressed Market - April 2020 Single Family Homes Okaloosa County

Closed Sales

April 2020

April 2019

Percent Change Year-over-Year

349

425

-17.9%

$261,000

$224,900

16.1%

10

16

-37.5%

$144,900

$166,250

-12.8%

2

2

0.0%

$205,000

$206,000

-0.5%

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

2016

2017

Traditional

2018

Foreclosure/REO

2019

Short Sale

100%

90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A $300K

Median Sale Price

$250K

$200K

$150K

$100K

$50K

$0K J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County April 2020

April 2019

Percent Change Year-over-Year

54

105

-48.6%

20

53

-62.3%

Median Sale Price

$265,500

$299,999

-11.5%

Average Sale Price

$384,572

$358,013

7.4%

$20.8 Million

$37.6 Million

-44.8%

96.3%

95.9%

0.4%

Median Time to Contract

18 Days

40 Days

-55.0%

Median Time to Sale

58 Days

67 Days

-13.4%

New Pending Sales

50

115

-56.5%

New Listings

92

134

-31.3%

Pending Inventory

68

111

-38.7%

Inventory (Active Listings)

572

476

20.2%

Months Supply of Inventory

7.1

5.9

20.3%

Closed Sales

Percent Change Year-over-Year

277 54 95 59 69 75 65 88 95 89 91 84 99 105

-13.7% -48.6% -5.9% -3.3% 27.8% 36.4% 3.2% 23.9% 11.8% -12.7% 18.2% -3.4% -1.0% 9.4%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

Month

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

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

2019

Closed Sales

150

100

50

0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County Month

Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Cash Sales

Percent Change Year-over-Year

109 20 32 26 31 24 23 29 42 31 35 38 42 53

-24.3% -62.3% -15.8% -16.1% 40.9% -4.0% -8.0% 0.0% -4.5% -32.6% 52.2% 11.8% 2.4% 26.2%

2019

60

Cash Sales

50 40 30 20 10 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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

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

Pct. of Closed Sales Paid in Cash

2016

2017

Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

39.4% 37.0% 33.7% 44.1% 44.9% 32.0% 35.4% 33.0% 44.2% 34.8% 38.5% 45.2% 42.4% 50.5%

-12.2% -26.7% -10.4% -13.2% 10.3% -29.7% -10.8% -19.1% -14.7% -22.8% 28.8% 15.6% 3.4% 15.3%

2019

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County Month

Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.

Median Sale Price

2016

2017

2018

Percent Change Year-over-Year

$280,000 $265,500 $300,000 $247,000 $305,000 $350,000 $256,900 $352,000 $360,000 $292,000 $255,000 $312,500 $275,000 $299,999

-7.2% -11.5% 7.1% -15.4% -8.6% 18.5% -10.5% 4.8% 44.0% 9.8% -8.6% -10.7% -13.1% 15.6%

2019

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Month

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

2016

Average Sale Price

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019

Median Sale Price

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Average Sale Price

Percent Change Year-over-Year

$378,003 $384,572 $407,609 $328,632 $374,316 $417,303 $330,954 $389,472 $435,071 $387,573 $332,392 $385,303 $335,864 $358,013

2.5% 7.4% 16.4% -10.4% -12.2% 33.0% -5.3% -3.3% 26.8% 11.3% 12.6% -15.9% -20.5% 22.7%

2019

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County Month

Dollar Volume The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually.

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Dollar Volume

Percent Change Year-over-Year

$104.7 Million $20.8 Million $38.7 Million $19.4 Million $25.8 Million $31.3 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

-11.5% -44.8% 9.5% -13.3% 12.2% 81.4% -2.3% 19.9% 41.7% -2.9% 33.1% -18.8% -21.3% 34.2%

2019

$60 M

Dollar Volume

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

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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

Med. Pct. of Orig.

List Price Received

2016

2017

Month Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

96.4% 96.3% 96.7% 96.2% 96.3% 95.9% 97.3% 96.0% 95.5% 96.1% 95.7% 97.4% 95.4% 95.9%

0.6% 0.4% 1.0% 1.2% 0.5% 0.6% 0.6% 0.3% -0.5% 0.9% -0.4% 1.7% -0.2% -0.6%

2019

120% 100% 80% 60% 40% 20% 0%

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County Month

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

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

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Median Time to Contract

Percent Change Year-over-Year

60 Days 18 Days 79 Days 53 Days 87 Days 56 Days 41 Days 52 Days 37 Days 51 Days 45 Days 36 Days 35 Days 40 Days

25.0% -55.0% 6.8% -7.0% 97.7% -16.4% 51.9% -25.7% -7.5% -37.8% -16.7% -7.7% -37.5% 2.6%

2019

Median Time to Contract

200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Month

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

Median Time to Sale

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Median Time to Sale

Percent Change Year-over-Year

98 Days 58 Days 107 Days 88 Days 133 Days 98 Days 77 Days 95 Days 74 Days 104 Days 77 Days 83 Days 72 Days 67 Days

12.6% -13.4% -2.7% 1.1% 47.8% -1.0% 14.9% -15.2% 13.8% -4.6% -16.3% -2.4% -19.1% -5.6%

2019

250 200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County Month

New Pending Sales The number of listed properties that went under contract during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

New Pending Sales

Percent Change Year-over-Year

260 50 49 69 92 48 70 88 89 106 76 100 95 115

-31.0% -56.5% -52.4% -24.2% 35.3% 0.0% 11.1% 51.7% 9.9% 0.0% -15.6% 17.6% 8.0% 16.2%

2019

140

Pending Sales

120 100 80 60 40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Month

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

2016

2017

Year-to-Date April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

New Listings

Percent Change Year-over-Year

487 92 199 96 100 50 82 83 110 121 113 102 108 134

-0.4% -31.3% 32.7% -9.4% 1.0% -26.5% -7.9% -10.8% 15.8% 12.0% 43.0% -7.3% 11.3% 11.7%

2019

New Listings

250 200 150 100 50 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County Month

Inventory (Active Listings) The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.

2016

2017

YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Inventory

Percent Change Year-over-Year

490 572 546 422 420 434 460 472 495 508 490 460 479 476

5.6% 20.2% 13.8% -5.8% -6.7% -0.7% 2.7% 8.3% 20.7% 22.1% 14.2% 1.1% 4.8% 3.0%

2019

800

Inventory

600 400 200 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Month

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

Months Supply of Inventory

2016

2017

YTD (Monthly Avg) April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 2018

Months Supply

Percent Change Year-over-Year

6.0 7.1 6.5 5.0 4.9 5.2 5.6 5.8 6.1 6.4 6.1 5.8 6.0 5.9

5.3% 20.3% 6.6% -9.1% -9.3% 0.0% 5.7% 11.5% 27.1% 28.0% 19.6% 7.4% 11.1% 9.3%

2019

12.0 10.0 8.0 6.0 4.0 2.0 0.0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County

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

April 2019

Closed Sales

30

Closed Sales

Percent Change Year-over-Year

Less than $50,000

1

0.0%

$50,000 - $99,999

1

-87.5%

$100,000 - $149,999

14

0.0%

$150,000 - $199,999

5

0.0%

$200,000 - $249,999

3

-78.6%

$250,000 - $299,999

4

-63.6%

$300,000 - $399,999

3

-76.9%

$400,000 - $599,999

12

-50.0%

$600,000 - $999,999

9

-30.8%

$1,000,000 or more

2

0.0%

Sale Price

Closed Sales by Sale Price

April 2020

30

25

25

20

20

15

15

10

10

5

5

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

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

Median Time to Contract

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

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

April 2019

$400,000 $599,999

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

Percent Change Year-over-Year

Less than $50,000

69 Days

6800.0%

$50,000 - $99,999

9 Days

-57.1%

$100,000 - $149,999

6 Days

-92.0%

$150,000 - $199,999

15 Days

-58.3%

$200,000 - $249,999

2 Days

-92.3%

$250,000 - $299,999

72 Days

-40.5%

$300,000 - $399,999

98 Days

122.7%

$400,000 - $599,999

43 Days

-14.0%

$600,000 - $999,999

76 Days

216.7%

$1,000,000 or more

280 Days

656.8%

Sale Price

Median Time to Contract by Sale Price

300

$300,000 $399,999

April 2020

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, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Market Detail - April 2020 Townhouses and Condos Okaloosa County

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

New Listings

April 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

6

-14.3%

$100,000 - $149,999

13

-40.9%

$150,000 - $199,999

18

100.0%

$200,000 - $249,999

5

-37.5%

$250,000 - $299,999

6

-60.0%

$300,000 - $399,999

15

-42.3%

$400,000 - $599,999

11

-47.6%

$600,000 - $999,999

13

-40.9%

$1,000,000 or more

5

25.0%

April 2020

30

30

25

25

20

20

15

15

10

10

5

5

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.

April 2019

Inventory

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

1

N/A

$50,000 - $99,999

13

0.0%

$100,000 - $149,999

42

27.3%

$150,000 - $199,999

39

50.0%

$200,000 - $249,999

34

6.3%

$250,000 - $299,999

41

20.6%

$300,000 - $399,999

76

-1.3%

$400,000 - $599,999

110

0.9%

$600,000 - $999,999

111

-4.3%

$1,000,000 or more

105

191.7%

Current Listing Price

Inventory by Current Listing Price

140

$300,000 $399,999

April 2020

140

120

120

100

100

80

80

60

60

40

40

20

20

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

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

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

Data released on Thursday, May 21, 2020. Next data release is Monday, June 22, 2020.

Monthly Distressed Market - April 2020 Townhouses and Condos Okaloosa County

Closed Sales

April 2020

April 2019

Percent Change Year-over-Year

54

102

-47.1%

$265,500

$300,000

-11.5%

0

3

-100.0%

(No Sales)

$100,000

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

2016

2017

Traditional

2018

Foreclosure/REO

2019

Short Sale

100%

98%

Closed Sales

96% 94% 92% 90%

88% 86% 84% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A $800K $700K

Median Sale Price

$600K $500K $400K $300K $200K $100K $0K J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

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, May 21, 2020. Next data release is Monday, June 22, 2020.