Monthly Market Detail - December 2019 Single Family Homes Okaloosa County December 2019
December 2018
Percent Change Year-over-Year
390
321
21.5%
48
33
45.5%
Median Sale Price
$244,950
$218,000
12.4%
Average Sale Price
$295,210
$265,109
11.4%
$115.1 Million
$85.1 Million
35.3%
98.7%
97.5%
1.2%
Median Time to Contract
22 Days
42 Days
-47.6%
Median Time to Sale
64 Days
82 Days
-22.0%
New Pending Sales
297
271
9.6%
New Listings
246
259
-5.0%
Pending Inventory
455
376
21.0%
Inventory (Active Listings)
731
1,016
-28.1%
Months Supply of Inventory
1.8
2.8
-35.7%
Closed Sales
Percent Change Year-over-Year
4,957 390 358 389 425 459 482 527 514 443 402 319 249 321
15.1% 21.5% 28.8% 24.7% 23.2% 10.9% 27.5% 10.5% 12.5% 7.8% 5.8% 9.6% 3.3% 1.9%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month
The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2015
2016
2017
Year-to-Date December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 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 D
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
Cash Sales
Percent Change Year-over-Year
559 48 41 37 38 46 58 63 57 49 40 39 43 33
1.1% 45.5% 5.1% -17.8% -22.4% -14.8% 20.8% 37.0% -10.9% -3.9% 0.0% -7.1% 2.4% -36.5%
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 D
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
Month Year-to-Date December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
11.3% 12.3% 11.5% 9.5% 8.9% 10.0% 12.0% 12.0% 11.1% 11.1% 10.0% 12.2% 17.3% 10.3%
-11.7% 19.4% -17.9% -34.0% -37.3% -23.1% -5.5% 25.0% -20.7% -10.5% -4.8% -15.3% -0.6% -37.6% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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
$239,000 $244,950 $240,400 $225,000 $239,900 $243,000 $250,000 $253,750 $246,170 $220,000 $234,900 $218,000 $224,000 $218,000
3.0% 12.4% 5.2% -3.6% 9.0% 3.0% 8.2% -0.5% 2.6% -10.8% 4.4% 3.8% -4.6% 1.4%
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 D
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
Median Sale Price
2016
2017
Year-to-Date December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Average Sale Price
Percent Change Year-over-Year
$295,975 $295,210 $301,483 $265,455 $287,050 $298,412 $306,129 $324,473 $317,893 $271,101 $291,744 $271,627 $304,747 $265,109
-0.5% 11.4% -5.0% -7.9% -0.7% 0.7% -1.1% 2.5% 3.2% -10.1% 2.2% 2.6% -4.1% 2.2% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
Dollar Volume
Percent Change Year-over-Year
$1.5 Billion $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 $117.3 Million $86.6 Million $75.9 Million $85.1 Million
14.6% 35.3% 22.4% 14.8% 22.3% 11.6% 26.1% 13.3% 16.1% -3.1% 8.1% 12.5% -0.9% 4.1%
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 D
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
98.9% 98.7% 99.2% 99.0% 99.1% 99.1% 99.3% 99.0% 99.0% 99.3% 98.8% 98.0% 96.6% 97.5%
0.7% 1.2% 2.3% 1.2% 0.7% 1.4% 1.0% 0.4% 0.1% 0.7% 0.4% 0.1% -1.4% -0.2% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
Median Time to Contract
Percent Change Year-over-Year
23 Days 22 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
-28.1% -47.6% -43.5% -55.6% -12.0% -34.5% -45.5% -13.6% -23.1% -9.5% -34.3% -7.8% 0.0% 13.5%
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 D
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Median Time to Sale
Percent Change Year-over-Year
66 Days 64 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
-12.0% -22.0% -25.0% -22.9% -1.5% -10.1% -19.5% -7.4% -7.1% -1.6% -21.7% -12.2% -1.1% 6.5% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
New Pending Sales
Percent Change Year-over-Year
5,260 297 372 418 391 447 494 479 516 538 505 380 423 271
16.0% 9.6% 15.2% 36.2% 27.8% 25.2% 15.2% 29.5% 8.6% 8.5% 9.1% 2.4% 15.9% -2.2%
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 D
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
New Listings
Percent Change Year-over-Year
5,290 246 342 444 402 432 541 475 548 568 486 398 408 259
8.0% -5.0% 7.9% 26.9% 30.5% 1.9% 12.7% 5.6% 8.3% 8.8% -6.7% -0.3% 12.1% -8.2% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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) December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
Inventory
Percent Change Year-over-Year
896 731 798 845 856 892 957 921 970 930 925 959 966 1,016
-19.4% -28.1% -25.9% -25.2% -24.5% -25.5% -18.4% -20.2% -14.1% -15.7% -14.7% -11.0% -8.1% -4.2%
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 D
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) December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Months Supply
Percent Change Year-over-Year
2.4 1.8 2.0 2.1 2.2 2.3 2.5 2.5 2.6 2.5 2.5 2.7 2.7 2.8
-22.6% -35.7% -33.3% -32.3% -31.3% -30.3% -24.2% -21.9% -18.8% -19.4% -19.4% -12.9% -12.9% -9.7% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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. 100 90 80 70 60 50 40 30 20 10 0
December 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
3
N/A
$50,000 - $99,999
12
-33.3%
$100,000 - $149,999
36
-18.2%
$150,000 - $199,999
66
-5.7%
$200,000 - $249,999
88
23.9%
$250,000 - $299,999
62
51.2%
$300,000 - $399,999
71
82.1%
$400,000 - $599,999
25
-3.8%
$600,000 - $999,999
20
185.7%
$1,000,000 or more
7
40.0%
$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
5 Days
N/A
$50,000 - $99,999
38 Days
22.6%
$100,000 - $149,999
14 Days
-56.3%
$150,000 - $199,999
11 Days
-47.6%
$200,000 - $249,999
17 Days
-62.2%
$250,000 - $299,999
23 Days
-30.3%
$300,000 - $399,999
31 Days
-55.1%
$400,000 - $599,999
56 Days
-44.0%
$600,000 - $999,999
214 Days
28.9%
$1,000,000 or more
106 Days
-58.6%
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
100 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
December 2018
Percent Change Year-over-Year
December 2019
Median Time to Contract by Sale Price
300
Closed Sales
Sale Price
December 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 Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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
December 2018
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
3
200.0%
$50,000 - $99,999
10
0.0%
$100,000 - $149,999
20
-41.2%
$150,000 - $199,999
39
-27.8%
$200,000 - $249,999
64
33.3%
$250,000 - $299,999
34
-8.1%
$300,000 - $399,999
37
23.3%
$400,000 - $599,999
20
-16.7%
$600,000 - $999,999
10
-23.1%
$1,000,000 or more
9
12.5%
December 2019
70
70
60
60
50
50
40
40
30
30
20
20
10
10
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of the month
Inventory
Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. December 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
Inventory
Percent Change Year-over-Year
Less than $50,000
7
133.3%
$50,000 - $99,999
13
-53.6%
$100,000 - $149,999
37
-53.2%
$150,000 - $199,999
67
-50.7%
$200,000 - $249,999
91
-43.8%
$250,000 - $299,999
81
-31.9%
$300,000 - $399,999
103
-38.3%
$400,000 - $599,999
123
7.0%
$600,000 - $999,999
98
4.3%
$1,000,000 or more
111
-1.8%
Current Listing Price
Inventory by Current Listing Price
180 160 140 120 100 80 60 40 20 0
$300,000 $399,999
December 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 Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Distressed Market - December 2019 Single Family Homes Okaloosa County
Closed Sales
December 2019
December 2018
Percent Change Year-over-Year
378
305
23.9%
$245,450
$222,500
10.3%
9
13
-30.8%
$104,900
$114,000
-8.0%
3
3
0.0%
$157,000
$183,000
-14.2%
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 D $300K
Median Sale Price
$250K
$200K
$150K
$100K
$50K
$0K
J FMAM J J A S OND J FMAM J J A S ON D J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND
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 Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 2019 Townhouses and Condos Okaloosa County December 2019
December 2018
Percent Change Year-over-Year
75
55
36.4%
24
25
-4.0%
Median Sale Price
$350,000
$295,250
18.5%
Average Sale Price
$417,303
$313,670
33.0%
$31.3 Million
$17.3 Million
81.4%
95.9%
95.3%
0.6%
Median Time to Contract
56 Days
67 Days
-16.4%
Median Time to Sale
98 Days
99 Days
-1.0%
New Pending Sales
48
48
0.0%
New Listings
50
68
-26.5%
Pending Inventory
69
61
13.1%
Inventory (Active Listings)
434
437
-0.7%
Months Supply of Inventory
5.2
5.2
0.0%
Closed Sales
Percent Change Year-over-Year
1,007 75 65 88 95 89 91 84 99 105 101 61 54 55
-0.2% 36.4% 3.2% 23.9% 11.8% -12.7% 18.2% -3.4% -1.0% 9.4% -25.2% -23.8% -6.9% 0.0%
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 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 D
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
Cash Sales
Percent Change Year-over-Year
408 24 23 29 42 31 35 38 42 53 38 31 22 25
-4.9% -4.0% -8.0% 0.0% -4.5% -32.6% 52.2% 11.8% 2.4% 26.2% -33.3% -13.9% -18.5% 25.0%
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 D
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
Month Year-to-Date December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
40.5% 32.0% 35.4% 33.0% 44.2% 34.8% 38.5% 45.2% 42.4% 50.5% 37.6% 50.8% 40.7% 45.5%
-4.7% -29.7% -10.8% -19.1% -14.7% -22.8% 28.8% 15.6% 3.4% 15.3% -10.9% 12.9% -12.7% 25.0% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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
$315,000 $350,000 $256,900 $352,000 $360,000 $292,000 $255,000 $312,500 $275,000 $299,999 $280,000 $292,000 $333,750 $295,250
6.1% 18.5% -10.5% 4.8% 44.0% 9.8% -8.6% -10.7% -13.1% 15.6% -19.3% 9.1% 30.0% -10.1%
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 D
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
Median Sale Price
2016
2017
Year-to-Date December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Average Sale Price
Percent Change Year-over-Year
$374,508 $417,303 $330,954 $389,472 $435,071 $387,573 $332,392 $385,303 $335,864 $358,013 $350,253 $366,716 $426,303 $313,670
5.8% 33.0% -5.3% -3.3% 26.8% 11.3% 12.6% -15.9% -20.5% 22.7% -1.7% 11.6% 43.2% -27.3% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
Dollar Volume
Percent Change Year-over-Year
$377.1 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 $35.4 Million $22.4 Million $23.0 Million $17.3 Million
5.6% 81.4% -2.3% 19.9% 41.7% -2.9% 33.1% -18.8% -21.3% 34.2% -26.5% -14.9% 33.3% -27.3%
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 D
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Med. Pct. of Orig. List Price Received
Percent Change Year-over-Year
96.1% 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%
0.0% 0.6% 0.6% 0.3% -0.5% 0.9% -0.4% 1.7% -0.2% -0.6% -1.7% -0.9% 0.2% 0.6% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
Median Time to Contract
Percent Change Year-over-Year
47 Days 56 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
-27.7% -16.4% 51.9% -25.7% -7.5% -37.8% -16.7% -7.7% -37.5% 2.6% -33.9% -51.7% -34.3% 0.0%
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 D
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Median Time to Sale
Percent Change Year-over-Year
87 Days 98 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
-12.1% -1.0% 14.9% -15.2% 13.8% -4.6% -16.3% -2.4% -19.1% -5.6% -37.9% -42.8% -7.2% -18.9% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
New Pending Sales
Percent Change Year-over-Year
1,049 48 70 88 89 106 76 100 95 115 103 91 68 48
4.5% 0.0% 11.1% 51.7% 9.9% 0.0% -15.6% 17.6% 8.0% 16.2% -5.5% 3.4% -23.6% -21.3%
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 D
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 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
New Listings
Percent Change Year-over-Year
1,258 50 82 83 110 121 113 102 108 134 150 106 99 68
6.2% -26.5% -7.9% -10.8% 15.8% 12.0% 43.0% -7.3% 11.3% 11.7% 24.0% -1.9% 2.1% 17.2% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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) December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018
2017
Inventory
Percent Change Year-over-Year
471 434 460 472 495 508 490 460 479 476 480 448 450 437
6.6% -0.7% 2.7% 8.3% 20.7% 22.1% 14.2% 1.1% 4.8% 3.0% 10.3% -4.1% -0.9% -2.5%
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 D
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) December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 2018
Months Supply
Percent Change Year-over-Year
5.8 5.2 5.6 5.8 6.1 6.4 6.1 5.8 6.0 5.9 6.1 5.5 5.4 5.2
9.4% 0.0% 5.7% 11.5% 27.1% 28.0% 19.6% 7.4% 11.1% 9.3% 19.6% -3.5% -3.6% -5.5% 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 D
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 2019 Townhouses and Condos 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. 20 18 16 14 12 10 8 6 4 2 0
December 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
0
N/A
$50,000 - $99,999
6
200.0%
$100,000 - $149,999
5
-50.0%
$150,000 - $199,999
5
150.0%
$200,000 - $249,999
10
25.0%
$250,000 - $299,999
2
-71.4%
$300,000 - $399,999
12
20.0%
$400,000 - $599,999
19
72.7%
$600,000 - $999,999
14
180.0%
$1,000,000 or more
2
N/A
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more Median Time to Contract
Percent Change Year-over-Year
Less than $50,000
(No Sales)
N/A
$50,000 - $99,999
41 Days
-29.3%
$100,000 - $149,999
112 Days
1300.0%
$150,000 - $199,999
43 Days
-63.9%
$200,000 - $249,999
179 Days
175.4%
$250,000 - $299,999
257 Days
173.4%
$300,000 - $399,999
53 Days
-35.4%
$400,000 - $599,999
34 Days
-59.5%
$600,000 - $999,999
120 Days
42.9%
$1,000,000 or more
15 Days
N/A
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
20 18 16 14 12 10 8 6 4 2 0
The median number of days between the listing date and contract date for all Closed Sales during the month
December 2018
Percent Change Year-over-Year
December 2019
Median Time to Contract by Sale Price
300
Closed Sales
Sale Price
December 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 Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Market Detail - December 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
December 2018
New Listings
Percent Change Year-over-Year
Less than $50,000
0
N/A
$50,000 - $99,999
4
33.3%
$100,000 - $149,999
8
-38.5%
$150,000 - $199,999
4
0.0%
$200,000 - $249,999
1
-85.7%
$250,000 - $299,999
4
-33.3%
$300,000 - $399,999
7
-22.2%
$400,000 - $599,999
8
33.3%
$600,000 - $999,999
12
-25.0%
$1,000,000 or more
2
-50.0%
December 2019
18 16 14 12 10 8 6 4 2 0
18 16 14 12 10 8 6 4 2 0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of the month Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market.
120
December 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
N/A
$50,000 - $99,999
13
0.0%
$100,000 - $149,999
38
5.6%
$150,000 - $199,999
24
9.1%
$200,000 - $249,999
24
-4.0%
$250,000 - $299,999
31
-18.4%
$300,000 - $399,999
73
10.6%
$400,000 - $599,999
96
-3.0%
$600,000 - $999,999
100
1.0%
$1,000,000 or more
33
-15.4%
Current Listing Price
Inventory by Current Listing Price
Inventory
Initial Listing Price
December 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 Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.
Monthly Distressed Market - December 2019 Townhouses and Condos Okaloosa County
Closed Sales
December 2019
December 2018
Percent Change Year-over-Year
75
53
41.5%
$350,000
$298,000
17.4%
0
2
-100.0%
(No Sales)
$90,250
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 D $800K $700K
Median Sale Price
$600K $500K
$400K $300K $200K $100K $0K
J FMAM J J A S OND J FMAM J J A S ON D J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND
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 Wednesday, January 22, 2020. Next data release is Friday, February 21, 2020.