Monthly Marketing Report WALTON County May 2020

Monthly Market Detail - May 2020 Single Family Homes Walton County May 2020

May 2019

Percent Change Year-over-Year

215

301

-28.6%

50

78

-35.9%

Median Sale Price

$460,000

$508,782

-9.6%

Average Sale Price

$817,577

$732,615

11.6%

$175.8 Million

$220.5 Million

-20.3%

97.5%

96.9%

0.6%

Median Time to Contract

47 Days

54 Days

-13.0%

Median Time to Sale

115 Days

116 Days

-0.9%

New Pending Sales

419

292

43.5%

New Listings

412

362

13.8%

Pending Inventory

583

552

5.6%

Inventory (Active Listings)

1,259

1,397

-9.9%

Months Supply of Inventory

5.2

6.1

-14.8%

Closed Sales

Percent Change Year-over-Year

1,085 215 191 274 210 195 268 244 224 231 293 256 303 301

-8.8% -28.6% -26.3% 8.7% 12.3% 2.1% 34.0% 16.7% 15.5% 1.8% 36.3% 2.8% 20.2% 3.4%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 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.

2017

Percent Change Year-over-Year

242 50 38 63 46 45 65 60 56 52 79 60 71 78

-22.7% -35.9% -42.4% -1.6% -11.5% -15.1% 75.7% 11.1% 5.7% 20.9% 54.9% -6.3% 20.3% 2.6%

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

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

2016

Cash Sales

2018

2019

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

Month

Cash Sales as a Percentage of Closed Sales

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

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

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

Pct. of Closed Sales Paid in Cash

2016

2017

2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

22.3% 23.3% 19.9% 23.0% 21.9% 23.1% 24.3% 24.6% 25.0% 22.5% 27.0% 23.4% 23.4% 25.9%

-15.2% -10.0% -22.0% -9.4% -21.2% -16.6% 31.4% -4.7% -8.4% 19.0% 13.9% -8.9% 0.0% -0.8%

2019

35% 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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Single Family Homes Walton County Month

Median Sale Price

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

$453,400 $460,000 $415,000 $507,500 $443,275 $450,000 $483,750 $471,000 $410,895 $435,230 $472,500 $434,868 $449,900 $508,782

3.4% -9.6% -6.7% 18.5% 17.0% 11.4% 16.4% -1.5% -2.9% 10.1% 2.7% 8.7% 7.4% 8.9%

2019

$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

Month

Average Sale Price

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

$774,595 $817,577 $741,192 $790,986 $687,110 $831,105 $772,330 $698,681 $654,009 $616,199 $706,724 $720,845 $700,456 $732,615

14.3% 11.6% 6.1% 17.1% -1.0% 51.7% 31.2% -2.6% -21.3% -1.7% 4.9% -1.9% -5.8% 7.2%

2019

$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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Single Family Homes Walton County Month

Dollar Volume

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

$840.4 Million $175.8 Million $141.6 Million $216.7 Million $144.3 Million $162.1 Million $207.0 Million $170.5 Million $146.5 Million $142.3 Million $207.1 Million $184.5 Million $212.2 Million $220.5 Million

4.3% -20.3% -21.8% 27.3% 11.2% 54.8% 75.8% 13.7% -9.1% 0.0% 43.0% 0.8% 13.3% 10.8%

2019

$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

Month

Median Percent of Original List Price Received

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

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

Med. Pct. of Orig.

List Price Received

2016

2017

2018

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

97.7% 97.5% 97.7% 97.3% 97.8% 98.8% 97.4% 97.8% 97.7% 98.1% 97.3% 97.4% 97.9% 96.9%

0.6% 0.6% 0.7% 0.2% 0.2% 1.4% -0.4% 1.1% 2.4% 0.9% 1.4% 1.4% 1.1% -0.6%

2019

120% 100% 80% 60%

40% 20% 0%

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Single Family Homes Walton County Month

Median Time to Contract

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

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

2018

Median Time to Contract

Percent Change Year-over-Year

54 Days 47 Days 38 Days 60 Days 79 Days 60 Days 47 Days 42 Days 46 Days 45 Days 46 Days 54 Days 50 Days 54 Days

-23.9% -13.0% -39.7% -34.1% 27.4% -28.6% -41.3% -43.2% -33.3% -40.0% -16.4% -12.9% -19.4% -5.3%

2019

Median Time to Contract

140 120 100 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

Month

Median Time to Sale

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

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

Median Time to Sale

2016

2017

2018

Median Time to Sale

Percent Change Year-over-Year

129 Days 115 Days 109 Days 133 Days 153 Days 141 Days 122 Days 116 Days 123 Days 113 Days 108 Days 107 Days 112 Days 116 Days

-7.2% -0.9% -5.2% -20.8% 7.7% -2.1% -19.7% -9.4% -3.1% -27.1% -6.9% -4.5% -4.3% -4.1%

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Single Family Homes Walton County Month

New Pending Sales

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

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

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

2016

2017

2018

New Pending Sales

Percent Change Year-over-Year

1,261 419 216 132 254 240 183 210 288 228 262 305 282 292

-7.8% 43.5% -32.3% -56.1% 3.7% 14.3% 0.5% 4.5% 35.2% 3.6% 6.5% 31.5% 4.8% 4.7%

2019

Pending Sales

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

Month

New Listings

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

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

2016

2017

2018

New Listings

Percent Change Year-over-Year

1,645 412 281 357 286 309 164 283 315 300 351 324 293 362

-4.4% 13.8% -27.2% -8.7% -6.8% 12.4% -11.4% 8.8% 29.1% 2.0% 22.3% 16.1% 2.1% -3.5%

2019

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Single Family Homes Walton County Month

Inventory (Active Listings)

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

1,280 1,259 1,345 1,312 1,204 1,280 1,239 1,362 1,353 1,389 1,366 1,323 1,335 1,397

-3.7% -9.9% -0.6% -2.0% -6.7% 0.9% -0.9% 4.4% 3.5% 1.5% -0.5% -3.0% -4.3% -2.6%

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

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

5.0 5.2 5.4 5.1 4.8 5.1 4.9 5.6 5.6 5.8 5.7 5.7 5.7 6.1

-15.3% -14.8% -10.0% -15.0% -15.8% -10.5% -12.5% -5.1% -5.1% -6.5% -9.5% -8.1% -9.5% -4.7%

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

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 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.

May 2019

80 70 60 50 40 30 20 10 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

Median Time to Contract

5

150.0%

$50,000 - $99,999

2

-33.3%

$100,000 - $149,999

3

-40.0%

$150,000 - $199,999

6

-25.0%

$200,000 - $249,999

17

-32.0%

$250,000 - $299,999

22

10.0%

$300,000 - $399,999

36

-20.0%

$400,000 - $599,999

43

-42.7%

$600,000 - $999,999

41

-31.7%

$1,000,000 or more

40

-31.0%

May 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

16 Days

14.3%

$50,000 - $99,999

24 Days

-93.2%

$100,000 - $149,999

37 Days

-19.6%

$150,000 - $199,999

65 Days

-43.5%

$200,000 - $249,999

12 Days

-52.0%

$250,000 - $299,999

45 Days

-28.6%

$300,000 - $399,999

54 Days

-28.0%

$400,000 - $599,999

29 Days

-38.3%

$600,000 - $999,999

73 Days

-43.8%

$1,000,000 or more

108 Days

134.8%

Sale Price

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

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

$50,000 $99,999

Less than $50,000

80 70 60 50 40 30 20 10 0

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

Less than $50,000

Percent Change Year-over-Year

May 2020

Median Time to Contract by Sale Price

400 350 300 250 200 150 100 50 0

Closed Sales

Sale Price

May 2020

$100,000 $149,999

$150,000 $199,999

400 350 300 250 200 150 100 50 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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 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

May 2019

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

0

-100.0%

$50,000 - $99,999

3

50.0%

$100,000 - $149,999

4

-55.6%

$150,000 - $199,999

12

-7.7%

$200,000 - $249,999

15

-48.3%

$250,000 - $299,999

34

61.9%

$300,000 - $399,999

51

13.3%

$400,000 - $599,999

81

14.1%

$600,000 - $999,999

89

9.9%

$1,000,000 or more

123

38.2%

May 2020

140

140

120

120

100

100

80

80

60

60

40

40

20

20

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

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

May 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

-66.7%

$50,000 - $99,999

7

250.0%

$100,000 - $149,999

11

-21.4%

$150,000 - $199,999

44

100.0%

$200,000 - $249,999

24

-54.7%

$250,000 - $299,999

55

-9.8%

$300,000 - $399,999

93

-40.8%

$400,000 - $599,999

230

-4.2%

$600,000 - $999,999

330

1.9%

$1,000,000 or more

464

-10.9%

Current Listing Price

Inventory by Current Listing Price

600

$300,000 $399,999

May 2020

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Distressed Market - May 2020 Single Family Homes Walton County

Closed Sales

May 2020

May 2019

Percent Change Year-over-Year

212

300

-29.3%

$462,373

$511,891

-9.7%

2

0

N/A

$306,233

(No Sales)

N/A

1

1

0.0%

$340,000

$186,000

82.8%

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% J F M A M J 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 $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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Townhouses and Condos Walton County May 2020

May 2019

Percent Change Year-over-Year

48

94

-48.9%

19

44

-56.8%

Median Sale Price

$387,500

$349,000

11.0%

Average Sale Price

$460,580

$458,680

0.4%

$22.1 Million

$43.1 Million

-48.7%

95.5%

95.1%

0.4%

Median Time to Contract

70 Days

69 Days

1.4%

Median Time to Sale

105 Days

95 Days

10.5%

New Pending Sales

131

91

44.0%

New Listings

141

107

31.8%

Pending Inventory

148

103

43.7%

Inventory (Active Listings)

514

505

1.8%

Months Supply of Inventory

8.1

6.6

22.7%

Closed Sales

Percent Change Year-over-Year

288 48 34 79 69 58 72 62 86 67 68 53 70 94

-25.0% -48.9% -67.3% -15.1% 46.8% 26.1% 26.3% 0.0% 13.2% -23.0% -20.9% -17.2% -35.8% 3.3%

Summary Statistics Closed Sales Paid in Cash

Dollar Volume Median Percent of Original List Price Received

Closed Sales

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

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 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.

2017

Percent Change Year-over-Year

98 19 11 22 27 19 31 22 42 30 24 16 22 44

-45.9% -56.8% -76.6% -56.0% 17.4% 11.8% 14.8% -29.0% 27.3% -31.8% -35.1% -30.4% -50.0% 29.4%

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

Month

Cash Sales as a Percentage of Closed Sales

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

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

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

Pct. of Closed Sales Paid in Cash

2016

2017

2018

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

34.0% 39.6% 32.4% 27.8% 39.1% 32.8% 43.1% 35.5% 48.8% 44.8% 35.3% 30.2% 31.4% 46.8%

-27.8% -15.4% -28.3% -48.3% -20.0% -11.4% -9.1% -29.0% 12.4% -11.5% -17.9% -15.9% -22.3% 25.1%

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Townhouses and Condos Walton County Month

Median Sale Price

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

$367,750 $387,500 $360,750 $373,000 $380,000 $356,250 $392,500 $384,950 $375,000 $465,000 $345,700 $312,000 $360,000 $349,000

5.8% 11.0% 8.5% 11.3% 2.2% -1.9% 20.6% 15.9% 1.1% -19.8% -8.4% -10.1% 2.9% 5.8%

2019

$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

Month

Average Sale Price

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

$478,301 $460,580 $453,356 $497,146 $514,112 $439,318 $547,325 $545,900 $531,703 $685,209 $541,101 $410,270 $473,549 $458,680

0.4% 0.4% -8.5% 17.5% -19.8% 7.0% 30.6% 13.4% -34.0% -36.8% 5.8% -17.4% -3.0% -4.3%

2019

$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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Townhouses and Condos Walton County Month

Dollar Volume

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

$137.8 Million $22.1 Million $15.4 Million $39.3 Million $35.5 Million $25.5 Million $39.4 Million $33.8 Million $45.7 Million $45.9 Million $36.8 Million $21.7 Million $33.1 Million $43.1 Million

-24.7% -48.7% -70.1% -0.2% 17.7% 34.9% 65.0% 13.4% -25.3% -51.3% -16.4% -31.6% -37.7% -1.2%

2019

$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

Month

Median Percent of Original List Price Received

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

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

Med. Pct. of Orig.

List Price Received

2016

2017

2018

Med. Pct. of Orig.

List Price Received

Percent Change Year-over-Year

95.7% 95.5% 97.3% 96.1% 95.7% 94.5% 95.6% 95.6% 94.9% 95.5% 94.9% 94.2% 95.8% 95.1%

1.1% 0.4% 3.5% 1.5% 0.7% -0.7% 1.2% 1.1% -2.0% -0.7% 0.1% -1.7% 0.0% -1.3%

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Townhouses and Condos Walton County Month

Median Time to Contract

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

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

2018

Median Time to Contract

Percent Change Year-over-Year

61 Days 70 Days 27 Days 57 Days 65 Days 77 Days 92 Days 100 Days 88 Days 59 Days 88 Days 59 Days 81 Days 69 Days

-19.7% 1.4% -54.2% -51.3% -16.7% -22.2% -11.5% 23.5% 225.9% 31.1% -2.2% -3.3% 55.8% 50.0%

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

Month

Median Time to Sale

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

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

Median Time to Sale

2016

2017

2018

Median Time to Sale

Percent Change Year-over-Year

97 Days 105 Days 72 Days 99 Days 90 Days 123 Days 143 Days 155 Days 144 Days 134 Days 129 Days 107 Days 113 Days 95 Days

-7.6% 10.5% -19.1% -29.8% -18.2% 0.8% 2.9% 38.4% 67.4% -16.8% 12.2% 15.1% 22.8% 23.4%

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 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.

2017

Percent Change Year-over-Year

358 131 35 37 68 87 54 53 72 71 78 55 59 91

-18.6% 44.0% -66.0% -60.6% -20.0% 29.9% 25.6% -27.4% 56.5% 26.8% -6.0% -31.3% -31.4% -5.2%

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

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

2016

New Pending Sales

2018

2019

140

Pending Sales

120 100 80 60 40 20 0

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

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

509 141 61 116 93 98 67 87 75 74 86 92 88 107

-8.9% 31.8% -46.0% 14.9% -17.0% -22.2% 31.4% 14.5% 5.6% -18.7% -22.5% -8.9% 1.1% -17.7%

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

The number of properties put onto the market during the month

2016

New Listings

2018

2019

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 Townhouses and Condos Walton County Month

Inventory (Active Listings)

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.

2017

Percent Change Year-over-Year

491 514 521 514 442 462 464 491 481 499 515 541 525 505

-5.6% 1.8% 1.0% 0.4% -17.2% -13.2% -5.7% -5.8% -9.6% -6.7% -5.5% -0.2% -1.5% -8.7%

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

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

2016

Inventory

2018

2019

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

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

7.0 8.1 7.7 7.0 5.9 6.3 6.5 7.0 6.8 7.2 7.2 7.4 7.1 6.6

4.5% 22.7% 14.9% 4.5% -14.5% -6.0% 6.6% 12.9% 6.2% 10.8% 7.5% 8.8% 7.6% -4.3%

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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 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.

May 2019

Closed Sales

30

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

3

-62.5%

$150,000 - $199,999

3

-57.1%

$200,000 - $249,999

2

-60.0%

$250,000 - $299,999

3

-80.0%

$300,000 - $399,999

17

-37.0%

$400,000 - $599,999

10

-41.2%

$600,000 - $999,999

6

-14.3%

$1,000,000 or more

4

-50.0%

Sale Price

May 2020

30

25

25

20

20

15

15

10

10

5

5

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

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

Median Time to Contract

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

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

May 2019

$400,000 $599,999

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

Percent Change Year-over-Year

Less than $50,000

(No Sales)

N/A

$50,000 - $99,999

(No Sales)

N/A

$100,000 - $149,999

574 Days

352.0%

$150,000 - $199,999

139 Days

-10.3%

$200,000 - $249,999

121 Days

656.3%

$250,000 - $299,999

61 Days

258.8%

$300,000 - $399,999

60 Days

9.1%

$400,000 - $599,999

84 Days

29.2%

$600,000 - $999,999

85 Days

-2.3%

$1,000,000 or more

95 Days

-44.1%

Sale Price

Median Time to Contract by Sale Price

700

$300,000 $399,999

May 2020

700

600

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Market Detail - May 2020 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

May 2019

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

3

-40.0%

$150,000 - $199,999

9

12.5%

$200,000 - $249,999

14

100.0%

$250,000 - $299,999

11

175.0%

$300,000 - $399,999

34

36.0%

$400,000 - $599,999

29

45.0%

$600,000 - $999,999

29

61.1%

$1,000,000 or more

12

-40.0%

May 2020

40 35 30 25 20 15 10 5 0

40 35 30 25 20 15 10 5 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.

May 2019

140

$300,000 $399,999

$400,000 $599,999

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

Inventory

Percent Change Year-over-Year

Less than $50,000

0

N/A

$50,000 - $99,999

0

N/A

$100,000 - $149,999

24

-7.7%

$150,000 - $199,999

16

-51.5%

$200,000 - $249,999

27

-43.8%

$250,000 - $299,999

42

55.6%

$300,000 - $399,999

97

3.2%

$400,000 - $599,999

127

23.3%

$600,000 - $999,999

99

16.5%

$1,000,000 or more

82

-7.9%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

May 2020

140

120

120

100

100

80

80

60

60

40

40

20

20

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

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

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

Data released on Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.

Monthly Distressed Market - May 2020 Townhouses and Condos Walton County

Closed Sales

May 2020

May 2019

Percent Change Year-over-Year

48

93

-48.4%

$387,500

$350,000

10.7%

0

1

-100.0%

(No Sales)

$218,501

N/A

0

0

N/A

(No Sales)

(No Sales)

N/A

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

2016

2017

Traditional

2018

Foreclosure/REO

2019

Short Sale

100%

Closed Sales

98%

96% 94% 92% 90% 88% J F M A M J 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 $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

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 Monday, June 22, 2020. Next data release is Wednesday, July 22, 2020.