Walton County Monthly Marketing Report June 2019

Page 1

Monthly Market Detail - June 2019 Single Family Homes Walton County June 2019

June 2018

Percent Change Year-over-Year

303

252

20.2%

71

59

20.3%

Median Sale Price

$449,900

$419,000

7.4%

Average Sale Price

$700,456

$743,362

-5.8%

$212.2 Million

$187.3 Million

13.3%

97.9%

96.8%

1.1%

Median Time to Contract

50 Days

62 Days

-19.4%

Median Time to Sale

112 Days

117 Days

-4.3%

New Pending Sales

282

269

4.8%

New Listings

293

287

2.1%

Pending Inventory

530

529

0.2%

Inventory (Active Listings)

1,335

1,395

-4.3%

Months Supply of Inventory

5.7

6.3

-9.5%

Closed Sales

Percent Change Year-over-Year

1,493 303 301 259 252 187 191 200 209 194 227 215 249 252

8.9% 20.2% 3.4% 11.6% 0.0% 3.9% 16.5% -4.8% 18.8% 2.1% 10.7% -14.0% 0.8% -10.3%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2015

2016

2017

2018

350

Closed Sales

300 250 200 150 100 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 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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Walton 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.

2016

Percent Change Year-over-Year

384 71 78 66 64 52 53 37 54 53 43 51 64 59

12.0% 20.3% 2.6% 26.9% -1.5% -1.9% 39.5% -5.1% -1.8% -1.9% 2.4% -29.2% 30.6% -19.2%

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

The number of Closed Sales during the month in which buyers exclusively paid in cash

2015

Cash Sales

2017

2018

100

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

2016

Percent Change Year-over-Year

25.7% 23.4% 25.9% 25.5% 25.4% 27.8% 27.7% 18.5% 25.8% 27.3% 18.9% 23.7% 25.7% 23.4%

2.8% 0.0% -0.8% 13.8% -1.6% -5.4% 19.4% -0.5% -17.6% -3.9% -7.8% -17.7% 29.8% -10.0%

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

The percentage of Closed Sales during the month which were Cash Sales

2015

Percent of Closed Sales Paid in Cash

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Walton County Month

Median Sale Price

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

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

Median Sale Price

2015

2016

2017

Percent Change Year-over-Year

$440,000 $449,900 $508,782 $445,000 $428,250 $378,725 $404,050 $415,500 $478,389 $423,250 $395,390 $459,900 $399,900 $419,000

0.2% 7.4% 8.9% -1.1% -1.0% -5.3% 0.6% -9.2% 6.2% -5.0% -10.1% 5.7% -9.8% 1.0%

2018

$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

Month

Average Sale Price

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

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

2015

Average Sale Price

Median Sale Price

2016

2017

Average Sale Price

Percent Change Year-over-Year

$682,100 $700,456 $732,615 $698,832 $675,467 $693,790 $547,993 $588,585 $717,177 $830,938 $627,109 $673,672 $734,890 $743,362

-3.4% -5.8% 7.2% -7.9% -1.5% 6.1% -22.1% -9.3% 11.1% 24.5% -17.0% -14.9% -6.8% 4.1%

2018

$1000K $800K $600K $400K $200K $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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Walton County Month

Dollar Volume

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

The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2015

2016

2017

Dollar Volume

Percent Change Year-over-Year

$1.0 Billion $212.2 Million $220.5 Million $181.0 Million $170.2 Million $129.7 Million $104.7 Million $117.7 Million $149.9 Million $161.2 Million $142.4 Million $144.8 Million $183.0 Million $187.3 Million

5.2% 13.3% 10.8% 2.9% -1.5% 10.2% -9.3% -13.6% 31.9% 27.1% -8.1% -26.8% -6.1% -6.6%

2018

$250 M

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

2016

Percent Change Year-over-Year

97.3% 97.9% 96.9% 97.0% 97.1% 97.6% 97.4% 97.8% 96.7% 95.4% 97.2% 96.0% 96.1% 96.8%

0.2% 1.1% -0.6% 0.2% 0.2% 0.8% 0.7% 1.2% 1.2% -1.5% -0.3% -0.3% -0.9% -0.4%

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

The median of the sale price (as a percentage of the original list price) across all properties selling during the month

2015

Med. Pct. of Orig. List Price Received

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Walton County Month

Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2015

2016

Median Time to Contract

Percent Change Year-over-Year

63 Days 50 Days 54 Days 63 Days 91 Days 62 Days 84 Days 80 Days 74 Days 69 Days 75 Days 55 Days 62 Days 62 Days

-8.7% -19.4% -5.3% -6.0% 26.4% -21.5% 50.0% -14.9% -20.4% -5.5% 8.7% -19.1% -13.9% -16.2%

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

2017

2018

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

2016

Percent Change Year-over-Year

131 Days 112 Days 116 Days 115 Days 168 Days 142 Days 144 Days 152 Days 128 Days 127 Days 155 Days 116 Days 112 Days 117 Days

-0.8% -4.3% -4.1% -17.9% 31.3% -6.6% -5.3% -5.0% -23.4% -17.0% 7.6% -5.7% -15.8% -28.7%

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

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

2015

Median Time to Sale

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Walton 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. 2016

Percent Change Year-over-Year

1,649 282 292 319 301 245 210 182 201 213 220 246 232 269

1.4% 4.8% 4.7% 9.2% -0.7% -1.2% -11.0% 19.7% -6.1% 2.9% 14.6% 9.3% -4.9% -2.5%

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

The number of listed properties that went under contract during the month

2015

New Pending Sales

2017

2018

350

Pending Sales

300 250 200 150 100 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

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. 2016

Percent Change Year-over-Year

2,014 293 362 386 391 307 275 185 260 244 294 287 279 287

-0.6% 2.1% -3.5% 4.9% 7.4% -6.7% -9.5% -7.0% 15.0% -9.6% 39.3% 4.0% 8.6% 1.4%

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

The number of properties put onto the market during the month

2015

New Listings

2017

2018

New Listings

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Walton County Month

Inventory (Active Listings)

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

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

2015

2016

2017

Inventory

Percent Change Year-over-Year

1,330 1,335 1,397 1,353 1,339 1,290 1,268 1,250 1,305 1,307 1,369 1,373 1,364 1,395

-1.3% -4.3% -2.6% -2.0% -0.4% -0.6% 2.6% 2.4% 3.5% 0.1% 3.8% 0.4% -1.5% -1.8%

2018

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

2016

Percent Change Year-over-Year

5.9 5.7 6.1 6.0 6.0 5.7 5.7 5.6 5.9 5.9 6.2 6.3 6.2 6.3

-3.3% -9.5% -4.7% -3.2% -3.2% -3.4% 0.0% -1.8% 0.0% -3.3% 0.0% -1.6% -4.6% -7.4%

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

An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

2015

Months Supply

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Walton 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 2018

80 70 60 50 40 30 20 10 0 Less than $50,000

$50,000 $99,999

Less than $50,000

2

-33.3%

$50,000 - $99,999

4

100.0%

$100,000 - $149,999

6

-14.3%

$150,000 - $199,999

8

-50.0%

$200,000 - $249,999

31

29.2%

$250,000 - $299,999

31

29.2%

$300,000 - $399,999

52

18.2%

$400,000 - $599,999

71

54.3%

$600,000 - $999,999

46

12.2%

$1,000,000 or more

52

15.6%

$100,000 $149,999

$150,000 $199,999

80 70 60 50 40 30 20 10 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 2018

$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

14 Days

-92.7%

$50,000 - $99,999

137 Days

-52.8%

$100,000 - $149,999

11 Days

22.2%

$150,000 - $199,999

9 Days

-52.6%

$200,000 - $249,999

61 Days

110.3%

$250,000 - $299,999

32 Days

-59.0%

$300,000 - $399,999

42 Days

-51.2%

$400,000 - $599,999

42 Days

-30.0%

$600,000 - $999,999

95 Days

156.8%

$1,000,000 or more

68 Days

-9.3%

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 2019

Median Time to Contract by Sale Price

350

Closed Sales

Sale Price

June 2019

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Single Family Homes Walton 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 2018

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

2

-33.3%

$50,000 - $99,999

3

50.0%

$100,000 - $149,999

6

0.0%

$150,000 - $199,999

9

-30.8%

$200,000 - $249,999

25

38.9%

$250,000 - $299,999

28

33.3%

$300,000 - $399,999

45

-15.1%

$400,000 - $599,999

55

-12.7%

$600,000 - $999,999

60

22.4%

$1,000,000 or more

60

1.7%

June 2019

70

70

60

60

50

50

40

40

30

30

20

20

10

10

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The number of property listings active at the end of the month 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 2018

Inventory

$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

5

-61.5%

$100,000 - $149,999

12

-66.7%

$150,000 - $199,999

25

19.0%

$200,000 - $249,999

45

-6.3%

$250,000 - $299,999

53

-24.3%

$300,000 - $399,999

150

-28.6%

$400,000 - $599,999

221

-21.1%

$600,000 - $999,999

323

12.2%

$1,000,000 or more

498

17.2%

Current Listing Price

Inventory by Current Listing Price

600

$300,000 $399,999

June 2019

600

500

500

400

400

300

300

200

200

100

100

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Distressed Market - June 2019 Single Family Homes Walton County

Closed Sales

June 2019

June 2018

Percent Change Year-over-Year

299

248

20.6%

$450,000

$420,000

7.1%

4

4

0.0%

$180,500

$206,786

-12.7%

0

0

N/A

(No Sales)

(No Sales)

N/A

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

2015

2016

Traditional

2017

Foreclosure/REO

2018

Short Sale

100%

Closed Sales

95%

90%

85%

80%

75% J F M A 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 $1400K

$1200K

Median Sale Price

$1000K $800K $600K $400K $200K $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

2015

2016

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton County June 2019

June 2018

Percent Change Year-over-Year

70

109

-35.8%

22

44

-50.0%

Median Sale Price

$360,000

$350,000

2.9%

Average Sale Price

$473,549

$488,076

-3.0%

$33.1 Million

$53.2 Million

-37.7%

95.8%

95.8%

0.0%

Median Time to Contract

81 Days

52 Days

55.8%

Median Time to Sale

113 Days

92 Days

22.8%

New Pending Sales

59

86

-31.4%

New Listings

88

87

1.1%

Pending Inventory

90

105

-14.3%

Inventory (Active Listings)

525

533

-1.5%

Months Supply of Inventory

7.1

6.6

7.6%

Closed Sales

Percent Change Year-over-Year

454 70 94 104 93 47 46 57 62 76 87 86 64 109

-16.2% -35.8% 3.3% 3.0% -11.4% -30.9% -32.4% -36.0% 24.0% 4.1% 33.8% 21.1% -15.8% 9.0%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. 2015

2016

2017

2018

Closed Sales

120 100 80 60

40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton 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.

2016

Percent Change Year-over-Year

203 22 44 47 50 23 17 27 31 33 44 37 23 44

-13.2% -50.0% 29.4% 14.6% 22.0% -39.5% -52.8% -20.6% 63.2% 0.0% 120.0% 27.6% -25.8% 12.8%

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

The number of Closed Sales during the month in which buyers exclusively paid in cash

2015

Cash Sales

2017

2018

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

2016

Percent Change Year-over-Year

44.7% 31.4% 46.8% 45.2% 53.8% 48.9% 37.0% 47.4% 50.0% 43.4% 50.6% 43.0% 35.9% 40.4%

3.5% -22.3% 25.1% 11.3% 37.9% -12.5% -30.1% 24.1% 31.6% -4.0% 64.3% 5.4% -12.0% 3.6%

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

The percentage of Closed Sales during the month which were Cash Sales

2015

Percent of Closed Sales Paid in Cash

2017

2018

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

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton County Month

Median Sale Price

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

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

Median Sale Price

2015

2016

2017

Percent Change Year-over-Year

$348,000 $360,000 $349,000 $332,500 $335,000 $372,000 $363,000 $325,500 $332,200 $371,000 $580,000 $377,500 $347,000 $350,000

-3.3% 2.9% 5.8% -4.7% -12.5% -3.5% -4.1% -2.5% 6.3% 19.9% 70.6% 7.9% 9.1% -4.8%

2018

$700K $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

Month

Average Sale Price

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

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

2015

Average Sale Price

Median Sale Price

2016

2017

Average Sale Price

Percent Change Year-over-Year

$476,153 $473,549 $458,680 $495,526 $423,048 $641,436 $410,509 $418,995 $481,383 $805,283 $1,084,232 $511,647 $496,490 $488,076

-6.0% -3.0% -4.3% 13.1% -26.0% 30.5% -30.4% -14.2% 3.8% 100.4% 103.5% 0.9% 19.6% -3.0%

2018

$1200K $1000K $800K $600K

$400K $200K $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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton County Month

Dollar Volume

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

The sum of the sale prices for all sales which closed during the month Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2015

2016

2017

Dollar Volume

Percent Change Year-over-Year

$216.2 Million $33.1 Million $43.1 Million $51.5 Million $39.3 Million $30.1 Million $18.9 Million $23.9 Million $29.8 Million $61.2 Million $94.3 Million $44.0 Million $31.8 Million $53.2 Million

-21.3% -37.7% -1.2% 16.5% -34.5% -9.8% -52.9% -45.1% 28.7% 108.7% 172.4% 22.3% 0.7% 5.8%

2018

$100 M

Dollar Volume

$80 M $60 M $40 M $20 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

2016

Percent Change Year-over-Year

94.9% 95.8% 95.1% 94.0% 94.7% 95.0% 95.2% 94.5% 94.6% 96.8% 96.2% 94.8% 95.8% 95.8%

-0.6% 0.0% -1.3% -1.3% -0.6% 0.6% 1.4% -0.3% -0.3% 3.0% 1.3% -0.4% 0.6% 1.1%

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

The median of the sale price (as a percentage of the original list price) across all properties selling during the month

2015

Med. Pct. of Orig. List Price Received

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton County Month

Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. 2015

2016

Median Time to Contract

Percent Change Year-over-Year

77 Days 81 Days 69 Days 59 Days 117 Days 78 Days 99 Days 104 Days 81 Days 27 Days 45 Days 90 Days 61 Days 52 Days

20.3% 55.8% 50.0% 5.4% 14.7% -15.2% 17.9% 1.0% -24.3% -69.7% -54.5% 16.9% 3.4% -35.8%

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

2017

2018

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

2016

Percent Change Year-over-Year

106 Days 113 Days 95 Days 89 Days 141 Days 110 Days 122 Days 139 Days 112 Days 86 Days 161 Days 115 Days 93 Days 92 Days

3.9% 22.8% 23.4% -3.3% 4.4% -1.8% -15.9% -6.7% -9.7% -31.7% 15.0% -3.4% -11.4% -33.3%

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

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

2015

Median Time to Sale

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton 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. 2016

Percent Change Year-over-Year

499 59 91 103 94 85 67 43 73 46 56 83 80 86

-13.8% -31.4% -5.2% 12.0% -23.6% -4.5% -28.0% -21.8% 0.0% -48.9% 21.7% -4.6% 40.4% 2.4%

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

The number of listed properties that went under contract during the month

2015

New Pending Sales

2017

2018

140

Pending Sales

120 100 80 60 40 20 0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 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. 2016

Percent Change Year-over-Year

647 88 107 113 101 112 126 51 76 71 91 111 101 87

-8.6% 1.1% -17.7% 11.9% -42.0% 7.7% 12.5% -12.1% -11.6% -9.0% 21.3% 14.4% 55.4% -9.4%

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

The number of properties put onto the market during the month

2015

New Listings

2017

2018

New Listings

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton County Month

Inventory (Active Listings)

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

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

2015

2016

2017

Inventory

Percent Change Year-over-Year

521 525 505 516 512 534 532 492 521 532 535 545 542 533

-1.7% -1.5% -8.7% -2.3% -6.2% 4.7% 4.7% -3.7% -4.8% -2.6% -7.8% -5.2% -8.8% -11.5%

2018

700 600

Inventory

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

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

2016

Percent Change Year-over-Year

6.8 7.1 6.6 6.7 6.7 6.9 6.7 6.1 6.2 6.4 6.5 6.7 6.8 6.6

0.0% 7.6% -4.3% 1.5% -5.6% 3.0% 1.5% -9.0% -16.2% -11.1% -14.5% -13.0% -15.0% -18.5%

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

An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

2015

Months Supply

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton 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 2018

Closed Sales

35

Closed Sales

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

0

N/A

$100,000 - $149,999

2

-71.4%

$150,000 - $199,999

5

-54.5%

$200,000 - $249,999

9

-40.0%

$250,000 - $299,999

8

60.0%

$300,000 - $399,999

18

-40.0%

$400,000 - $599,999

17

-10.5%

$600,000 - $999,999

7

-36.4%

$1,000,000 or more

4

-63.6%

Sale Price

June 2019

35

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 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 2018

$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

(No Sales)

N/A

$100,000 - $149,999

974 Days

1045.9%

$150,000 - $199,999

189 Days

350.0%

$200,000 - $249,999

39 Days

2.6%

$250,000 - $299,999

117 Days

-67.8%

$300,000 - $399,999

58 Days

-18.3%

$400,000 - $599,999

90 Days

136.8%

$600,000 - $999,999

75 Days

56.3%

$1,000,000 or more

92 Days

217.2%

Sale Price

Median Time to Contract by Sale Price

1,200

$300,000 $399,999

June 2019

1,200

1,000

1,000

800

800

600

600

400

400

200

200

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Market Detail - June 2019 Townhouses and Condos Walton 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 2018

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

0

N/A

$100,000 - $149,999

0

-100.0%

$150,000 - $199,999

4

-63.6%

$200,000 - $249,999

12

0.0%

$250,000 - $299,999

7

75.0%

$300,000 - $399,999

20

11.1%

$400,000 - $599,999

14

0.0%

$600,000 - $999,999

16

60.0%

$1,000,000 or more

15

66.7%

June 2019

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 2018

Inventory

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

0

N/A

$100,000 - $149,999

21

-8.7%

$150,000 - $199,999

35

-46.2%

$200,000 - $249,999

46

-33.3%

$250,000 - $299,999

27

-12.9%

$300,000 - $399,999

99

-9.2%

$400,000 - $599,999

104

26.8%

$600,000 - $999,999

95

5.6%

$1,000,000 or more

98

53.1%

Current Listing Price

Inventory by Current Listing Price

120

$300,000 $399,999

June 2019

120

100

100

80

80

60

60

40

40

20

20

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

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

Produced by Florida RealtorsÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


Monthly Distressed Market - June 2019 Townhouses and Condos Walton County

Closed Sales

June 2019

June 2018

Percent Change Year-over-Year

69

108

-36.1%

$360,000

$350,000

2.9%

1

1

0.0%

$250,000

$309,000

-19.1%

0

0

N/A

(No Sales)

(No Sales)

N/A

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

2015

2016

Traditional

2017

Foreclosure/REO

2018

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 $1400K

$1200K

Median Sale Price

$1000K $800K $600K $400K $200K $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

2015

2016

2017

2018

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 Tuesday, July 23, 2019. Next data release is Wednesday, August 21, 2019.


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