Okaloosa County Monthly Marketing Report June 2020

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.