Monthly Market Detail - June 2020 Single Family Homes Okaloosa County June 2020
June 2019
Percent Change Year-over-Year
488
527
-7.4%
44
63
-30.2%
Median Sale Price
$270,000
$253,750
6.4%
Average Sale Price
$349,231
$324,473
7.6%
$170.4 Million
$171.0 Million
-0.3%
Median Percent of Original List Price Received
100.0%
99.0%
1.0%
Median Time to Contract
15 Days
19 Days
-21.1%
Median Time to Sale
64 Days
63 Days
1.6%
New Pending Sales
558
479
16.5%
New Listings
470
475
-1.1%
Pending Inventory
821
669
22.7%
Inventory (Active Listings)
662
921
-28.1%
Months Supply of Inventory
1.7
2.5
-32.0%
Closed Sales
Percent Change Year-over-Year
2,235 488 350 361 372 354 310 390 358 389 425 459 482 527
-8.9% -7.4% -31.9% -18.5% -7.5% 11.0% 24.5% 21.5% 28.8% 24.7% 23.2% 10.9% 27.5% 10.5%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume
Closed Sales
Month Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2016
2017
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Single Family Homes Okaloosa County Month
Cash Sales
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.
2017
Percent Change Year-over-Year
217 44 31 29 41 41 31 48 41 37 38 46 58 63
-25.4% -30.2% -45.6% -40.8% 2.5% 5.1% -27.9% 45.5% 5.1% -17.8% -22.4% -14.8% 20.8% 37.0%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The number of Closed Sales during the month in which buyers exclusively paid in cash
2016
Cash Sales
2018
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 M J
Month
Cash Sales as a Percentage of Closed 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
2017
Percent Change Year-over-Year
9.7% 9.0% 8.9% 8.0% 11.0% 11.6% 10.0% 12.3% 11.5% 9.5% 8.9% 10.0% 12.0% 12.0%
-18.5% -25.0% -19.8% -27.9% 10.0% -4.9% -42.2% 19.4% -17.9% -34.0% -37.3% -23.1% -5.5% 25.0%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The percentage of Closed Sales during the month which were Cash Sales
2016
Percent of Closed Sales Paid in Cash
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Single Family Homes Okaloosa County Month
Median Sale Price
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
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
$255,000 $270,000 $259,500 $257,000 $252,013 $242,711 $235,000 $244,950 $240,400 $225,000 $239,900 $243,000 $250,000 $253,750
8.5% 6.4% 5.4% 16.8% 7.3% 11.3% 4.9% 12.4% 5.2% -3.6% 9.0% 3.0% 8.2% -0.5%
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 M J
Month
Average Sale Price
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
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
Median Sale Price
2017
2018
Average Sale Price
Percent Change Year-over-Year
$318,896 $349,231 $352,522 $296,281 $301,787 $295,543 $306,712 $295,210 $301,483 $265,455 $287,050 $298,412 $306,129 $324,473
6.6% 7.6% 10.9% 9.3% 3.4% 8.8% 0.6% 11.4% -5.0% -7.9% -0.7% 0.7% -1.1% 2.5%
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Single Family Homes Okaloosa County Month
Dollar Volume
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
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
2018
Dollar Volume
Percent Change Year-over-Year
$712.7 Million $170.4 Million $123.4 Million $107.0 Million $112.3 Million $104.6 Million $95.1 Million $115.1 Million $107.9 Million $103.3 Million $122.0 Million $137.0 Million $147.6 Million $171.0 Million
-2.9% -0.3% -24.5% -10.9% -4.3% 20.7% 25.3% 35.3% 22.4% 14.8% 22.3% 11.6% 26.1% 13.3%
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 M J
Month
Median Percent of Original List Price Received
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
2017
Percent Change Year-over-Year
100.0% 100.0% 100.0% 100.0% 100.0% 99.8% 99.4% 98.7% 99.2% 99.0% 99.1% 99.1% 99.3% 99.0%
1.3% 1.0% 1.0% 0.7% 1.2% 1.8% 2.9% 1.2% 2.3% 1.2% 0.7% 1.4% 1.0% 0.4%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The median of the sale price (as a percentage of the original list price) across all properties selling during the month
2016
Med. Pct. of Orig. List Price Received
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 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
Median Time to Contract
Percent Change Year-over-Year
15 Days 15 Days 12 Days 10 Days 15 Days 21 Days 22 Days 22 Days 26 Days 20 Days 22 Days 19 Days 18 Days 19 Days
-37.5% -21.1% -40.0% -47.4% -34.8% -55.3% -54.2% -47.6% -43.5% -55.6% -12.0% -34.5% -45.5% -13.6%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
2018
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 M J
Month
Median Time to Sale 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
2017
Percent Change Year-over-Year
62 Days 64 Days 58 Days 53 Days 60 Days 69 Days 70 Days 64 Days 72 Days 64 Days 67 Days 62 Days 62 Days 63 Days
-8.8% 1.6% -10.8% -15.9% -7.7% -19.8% -25.5% -22.0% -25.0% -22.9% -1.5% -10.1% -19.5% -7.4%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The median number of days between the listing date and closing date for all Closed Sales during the month
2016
Median Time to Sale
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Single Family Homes Okaloosa County Month
New Pending Sales
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. 2017
Percent Change Year-over-Year
2,500 558 509 382 258 350 443 297 372 418 391 447 494 479
-12.0% 16.5% -1.4% -29.0% -48.9% -7.9% 4.7% 9.6% 15.2% 36.2% 27.8% 25.2% 15.2% 29.5%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The number of listed properties that went under contract during the month
2016
New Pending Sales
2018
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 M J
Month
New Listings
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. 2017
Percent Change Year-over-Year
2,740 470 491 420 528 432 399 246 342 444 402 432 541 475
-5.0% -1.1% -10.4% -26.1% 8.6% 8.5% -2.2% -5.0% 7.9% 26.9% 30.5% 1.9% 12.7% 5.6%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The number of properties put onto the market during the month
2016
New Listings
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Single Family Homes Okaloosa County Month
Inventory (Active Listings)
YTD (Monthly Avg) June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
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
2018
Inventory
Percent Change Year-over-Year
728 662 762 805 768 690 682 731 798 845 856 892 957 921
-23.0% -28.1% -21.4% -13.4% -17.0% -28.1% -29.4% -28.1% -25.9% -25.2% -24.5% -25.5% -18.4% -20.2%
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 M J
Month
Months Supply of Inventory 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
2017
Percent Change Year-over-Year
2.0 1.7 1.9 2.0 1.8 1.6 1.6 1.8 2.0 2.1 2.2 2.3 2.5 2.5
-23.1% -32.0% -26.9% -20.0% -28.0% -40.7% -40.7% -35.7% -33.3% -32.3% -31.3% -30.3% -24.2% -21.9%
YTD (Monthly Avg) June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
2016
Months Supply
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Single Family Homes Okaloosa County
Closed Sales by Sale Price The number of sales transactions which closed during the month Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. June 2019
Closed Sales
140
Closed Sales
Percent Change Year-over-Year
Less than $50,000
2
-33.3%
$50,000 - $99,999
12
50.0%
$100,000 - $149,999
18
-66.7%
$150,000 - $199,999
58
-21.6%
$200,000 - $249,999
105
-10.3%
$250,000 - $299,999
98
16.7%
$300,000 - $399,999
91
4.6%
$400,000 - $599,999
69
13.1%
$600,000 - $999,999
21
-8.7%
$1,000,000 or more
14
-12.5%
Sale Price
June 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
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. June 2019
Less than $50,000
$50,000 $99,999
$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
19 Days
137.5%
$50,000 - $99,999
10 Days
-85.1%
$100,000 - $149,999
28 Days
250.0%
$150,000 - $199,999
8 Days
-27.3%
$200,000 - $249,999
7 Days
-61.1%
$250,000 - $299,999
13 Days
-45.8%
$300,000 - $399,999
18 Days
-10.0%
$400,000 - $599,999
30 Days
15.4%
$600,000 - $999,999
33 Days
-25.0%
$1,000,000 or more
135 Days
80.0%
Sale Price
Median Time to Contract by Sale Price
160 140 120 100 80 60 40 20 0
$300,000 $399,999
June 2020
$100,000 $149,999
$150,000 $199,999
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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 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
June 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
1
0.0%
$50,000 - $99,999
6
100.0%
$100,000 - $149,999
40
-29.8%
$150,000 - $199,999
51
-40.7%
$200,000 - $249,999
96
-8.6%
$250,000 - $299,999
84
35.5%
$300,000 - $399,999
93
20.8%
$400,000 - $599,999
56
33.3%
$600,000 - $999,999
22
-8.3%
$1,000,000 or more
21
16.7%
June 2020
120
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of the month
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. June 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
-25.0%
$50,000 - $99,999
6
-68.4%
$100,000 - $149,999
19
-70.8%
$150,000 - $199,999
39
-58.5%
$200,000 - $249,999
64
-44.8%
$250,000 - $299,999
102
-1.9%
$300,000 - $399,999
118
-20.8%
$400,000 - $599,999
128
0.0%
$600,000 - $999,999
80
-29.2%
$1,000,000 or more
103
-20.2%
Current Listing Price
Inventory by Current Listing Price
160 140 120 100 80 60 40 20 0
$300,000 $399,999
June 2020
$100,000 $149,999
$150,000 $199,999
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 Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Distressed Market - June 2020 Single Family Homes Okaloosa County
Closed Sales
June 2020
June 2019
Percent Change Year-over-Year
478
516
-7.4%
$270,000
$259,450
4.1%
6
10
-40.0%
$130,800
$160,750
-18.6%
4
1
300.0%
$144,001
$83,000
73.5%
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 M J $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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Townhouses and Condos Okaloosa County June 2020
June 2019
Percent Change Year-over-Year
97
84
15.5%
40
38
5.3%
Median Sale Price
$325,000
$312,500
4.0%
Average Sale Price
$389,010
$385,303
1.0%
$37.7 Million
$32.4 Million
16.6%
96.3%
97.4%
-1.1%
Median Time to Contract
80 Days
36 Days
122.2%
Median Time to Sale
103 Days
83 Days
24.1%
New Pending Sales
159
100
59.0%
New Listings
102
102
0.0%
Pending Inventory
174
116
50.0%
Inventory (Active Listings)
441
460
-4.1%
Months Supply of Inventory
5.6
5.8
-3.4%
Closed Sales
Percent Change Year-over-Year
445 97 71 54 95 59 69 75 65 88 95 89 91 84
-11.7% 15.5% -28.3% -48.6% -5.9% -3.3% 27.8% 36.4% 3.2% 23.9% 11.8% -12.7% 18.2% -3.4%
Summary Statistics Closed Sales Paid in Cash
Dollar Volume Median Percent of Original List Price Received
Closed Sales
Month Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2016
2017
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Townhouses and Condos Okaloosa County Month
Cash Sales
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.
2017
Percent Change Year-over-Year
175 40 26 20 32 26 31 24 23 29 42 31 35 38
-21.9% 5.3% -38.1% -62.3% -15.8% -16.1% 40.9% -4.0% -8.0% 0.0% -4.5% -32.6% 52.2% 11.8%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The number of Closed Sales during the month in which buyers exclusively paid in cash
2016
Cash Sales
2018
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 M J
Month
Cash Sales as a Percentage of Closed 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
2017
Percent Change Year-over-Year
39.3% 41.2% 36.6% 37.0% 33.7% 44.1% 44.9% 32.0% 35.4% 33.0% 44.2% 34.8% 38.5% 45.2%
-11.5% -8.8% -13.7% -26.7% -10.4% -13.2% 10.3% -29.7% -10.8% -19.1% -14.7% -22.8% 28.8% 15.6%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The percentage of Closed Sales during the month which were Cash Sales
2016
Percent of Closed Sales Paid in Cash
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Townhouses and Condos Okaloosa County Month
Median Sale Price
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
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
$284,000 $325,000 $250,000 $265,500 $300,000 $247,000 $305,000 $350,000 $256,900 $352,000 $360,000 $292,000 $255,000 $312,500
-5.3% 4.0% -9.1% -11.5% 7.1% -15.4% -8.6% 18.5% -10.5% 4.8% 44.0% 9.8% -8.6% -10.7%
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 M J
Month
Average Sale Price
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
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
Median Sale Price
2017
2018
Average Sale Price
Percent Change Year-over-Year
$374,789 $389,010 $342,824 $384,572 $407,609 $328,632 $374,316 $417,303 $330,954 $389,472 $435,071 $387,573 $332,392 $385,303
2.7% 1.0% 2.1% 7.4% 16.4% -10.4% -12.2% 33.0% -5.3% -3.3% 26.8% 11.3% 12.6% -15.9%
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Townhouses and Condos Okaloosa County Month
Dollar Volume
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
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
2018
Dollar Volume
Percent Change Year-over-Year
$166.8 Million $37.7 Million $24.3 Million $20.8 Million $38.7 Million $19.4 Million $25.8 Million $31.3 Million $21.5 Million $34.3 Million $41.3 Million $34.5 Million $30.2 Million $32.4 Million
-9.3% 16.6% -26.8% -44.8% 9.5% -13.3% 12.2% 81.4% -2.3% 19.9% 41.7% -2.9% 33.1% -18.8%
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 M J
Month
Median Percent of Original List Price Received
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
2017
Percent Change Year-over-Year
96.4% 96.3% 96.1% 96.3% 96.7% 96.2% 96.3% 95.9% 97.3% 96.0% 95.5% 96.1% 95.7% 97.4%
0.6% -1.1% 0.7% 0.4% 1.0% 1.2% 0.5% 0.6% 0.6% 0.3% -0.5% 0.9% -0.4% 1.7%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The median of the sale price (as a percentage of the original list price) across all properties selling during the month
2016
Med. Pct. of Orig. List Price Received
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 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
Median Time to Contract
Percent Change Year-over-Year
58 Days 80 Days 33 Days 18 Days 79 Days 53 Days 87 Days 56 Days 41 Days 52 Days 37 Days 51 Days 45 Days 36 Days
31.8% 122.2% -5.7% -55.0% 6.8% -7.0% 97.7% -16.4% 51.9% -25.7% -7.5% -37.8% -16.7% -7.7%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
2018
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 M J
Month
Median Time to Sale 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
2017
Percent Change Year-over-Year
92 Days 103 Days 62 Days 58 Days 107 Days 88 Days 133 Days 98 Days 77 Days 95 Days 74 Days 104 Days 77 Days 83 Days
15.0% 24.1% -13.9% -13.4% -2.7% 1.1% 47.8% -1.0% 14.9% -15.2% 13.8% -4.6% -16.3% -2.4%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The median number of days between the listing date and closing date for all Closed Sales during the month
2016
Median Time to Sale
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Townhouses and Condos Okaloosa County Month
New Pending Sales
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. 2017
Percent Change Year-over-Year
517 159 98 50 49 69 92 48 70 88 89 106 76 100
-9.6% 59.0% 3.2% -56.5% -52.4% -24.2% 35.3% 0.0% 11.1% 51.7% 9.9% 0.0% -15.6% 17.6%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The number of listed properties that went under contract during the month
2016
New Pending Sales
2018
2019
Pending Sales
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 M J
Month
New Listings
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. 2017
Percent Change Year-over-Year
695 102 106 92 199 96 100 50 82 83 110 121 113 102
-0.6% 0.0% -1.9% -31.3% 32.7% -9.4% 1.0% -26.5% -7.9% -10.8% 15.8% 12.0% 43.0% -7.3%
Year-to-Date June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
The number of properties put onto the market during the month
2016
New Listings
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 Townhouses and Condos Okaloosa County Month
Inventory (Active Listings)
YTD (Monthly Avg) June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
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
2018
Inventory
Percent Change Year-over-Year
485 441 510 572 546 422 420 434 460 472 495 508 490 460
4.1% -4.1% 6.5% 20.2% 13.8% -5.8% -6.7% -0.7% 2.7% 8.3% 20.7% 22.1% 14.2% 1.1%
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 M J
Month
Months Supply of Inventory 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
2017
Percent Change Year-over-Year
6.0 5.6 6.5 7.1 6.5 5.0 4.9 5.2 5.6 5.8 6.1 6.4 6.1 5.8
3.4% -3.4% 8.3% 20.3% 6.6% -9.1% -9.3% 0.0% 5.7% 11.5% 27.1% 28.0% 19.6% 7.4%
YTD (Monthly Avg) June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019
An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
2016
Months Supply
2018
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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 2020 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. June 2019
20 18 16 14 12 10 8 6 4 2 0 Less than $50,000
$50,000 $99,999
Less than $50,000
0
N/A
$50,000 - $99,999
8
33.3%
$100,000 - $149,999
19
58.3%
$150,000 - $199,999
8
60.0%
$200,000 - $249,999
5
-16.7%
$250,000 - $299,999
6
-40.0%
$300,000 - $399,999
16
-5.9%
$400,000 - $599,999
15
36.4%
$600,000 - $999,999
16
23.1%
$1,000,000 or more
4
0.0%
$100,000 $149,999
$150,000 $199,999
20 18 16 14 12 10 8 6 4 2 0 $200,000 $249,999
$250,000 $299,999
Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. June 2019
$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
95 Days
48.4%
$100,000 - $149,999
48 Days
433.3%
$150,000 - $199,999
40 Days
-50.0%
$200,000 - $249,999
51 Days
131.8%
$250,000 - $299,999
71 Days
688.9%
$300,000 - $399,999
77 Days
148.4%
$400,000 - $599,999
60 Days
-58.0%
$600,000 - $999,999
121 Days
14.2%
$1,000,000 or more
70 Days
-77.2%
Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
Median Time to Contract
Percent Change Year-over-Year
June 2020
Median Time to Contract by Sale Price
350
Closed Sales
Sale Price
June 2020
350
300
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, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Market Detail - June 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
June 2019
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
0
-100.0%
$50,000 - $99,999
3
-57.1%
$100,000 - $149,999
13
-43.5%
$150,000 - $199,999
12
33.3%
$200,000 - $249,999
4
0.0%
$250,000 - $299,999
3
-78.6%
$300,000 - $399,999
18
50.0%
$400,000 - $599,999
24
20.0%
$600,000 - $999,999
20
150.0%
$1,000,000 or more
5
25.0%
June 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. June 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
0.0%
$50,000 - $99,999
8
-42.9%
$100,000 - $149,999
24
-41.5%
$150,000 - $199,999
21
10.5%
$200,000 - $249,999
41
57.7%
$250,000 - $299,999
33
-17.5%
$300,000 - $399,999
64
-5.9%
$400,000 - $599,999
98
-10.9%
$600,000 - $999,999
101
-1.9%
$1,000,000 or more
50
31.6%
Current Listing Price
Inventory by Current Listing Price
120
$300,000 $399,999
June 2020
120
100
100
80
80
60
60
40
40
20
20
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or $999,999 more
Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, July 22, 2020. Next data release is Friday, August 21, 2020.
Monthly Distressed Market - June 2020 Townhouses and Condos Okaloosa County
Closed Sales
June 2020
June 2019
Percent Change Year-over-Year
96
84
14.3%
$331,500
$312,500
6.1%
0
0
N/A
(No Sales)
(No Sales)
N/A
1
0
N/A
$68,000
(No Sales)
N/A
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2016
2017
Traditional
2018
Foreclosure/REO
2019
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 M J $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 M J
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, July 22, 2020. Next data release is Friday, August 21, 2020.