monthly market detail - central panhandle association of ... · produced by florida realtors® with...
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![Page 1: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/1.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
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.
January 2020 281 4.1%
34.4%
99.3%
December 2019 305
November 2019 289
18.9%
May 2019 380
April 2019 349
7.6%
21.6%
27.7%
258.8%
20.6%
19.3%
0.3%
1.1%
March 2019 392
February 2019 290
July 2019 420
June 2019 368
October 2019 348
September 2019 357
August 2019 378
99.2% -3.0%
46 Days 33 Days 39.4%
February 2020
Median Time to Contract
93 Days
378
Median Time to Sale
New Pending Sales
New Listings
Month
420
Pending Inventory 515
Inventory (Active Listings) 1,199
Months Supply of Inventory 3.5
5.7%
352 7.4%
Percent Change
Year-over-Year
$215,000 24.2%
$83.4 Million $66.1 Million 26.2%
$277,964 $227,823 22.0%
February 2019Percent Change
Year-over-Year
75 90 -16.7%
300 290 3.4%
Summary Statistics
Closed Sales
Paid in Cash
96.2%
February 2020
$267,000Median Sale Price
Average Sale Price
Dollar Volume
Median Percent of Original
List Price Received
Year-to-Date 581 3.8%
3.4%
362 16.0%
Closed Sales
300
88 Days
538 -4.3%
868 38.1%
3.1 12.9%
2016 2017 2018 2019
J F M A M J 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
Monthly Market Detail - February 2020
Bay County
Single Family Homes
Closed SalesThe number of sales transactions which closed duringthe month
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![Page 2: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/2.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
31.0% 51.2%
May 2019 34.2%
June 2019 93 6.9%
May 2019
100 38.9%
March 2019 123 64.0%
47.4%
April 2019 28.7%
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.
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.
Year-to-Date 26.5% -21.8%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
March 2019 31.4% 28.7%
February 2019
February 2019 90 80.0%
April 2019
14.3%
October 2019 25.3% -1.9%
September 2019 24.1% 3.4%
August 2019 22.2% -9.8%
July 2019 21.9% 8.4%
June 2019 25.3% 6.8%
December 2019 22.6% -31.5%
November 2019 28.4% -25.1%
February 2020 25.0% -19.4%
January 2020 28.1% -24.1%
130 58.5%
82 49.1%
October 2019 88 252.0%
July 2019 92 29.6%
September 2019 86 24.6%
August 2019 84 -8.7%
November 2019
Month Cash SalesPercent Change
Year-over-Year
February 2020 75 -16.7%
January 2020 79 -21.0%
December 2019 69 -8.0%
Year-to-Date 154 -18.9%
J F M A M J 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
J F M A M J 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
0%
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sMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Single Family Homes
Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash
2016 2017 2018 2019
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash Sales
![Page 3: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/3.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
14.4%$263,660Year-to-Date
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.
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.March 2019 $230,629 -6.4%
February 2019 $227,823 -5.0%
May 2019 $240,713 -5.8%
April 2019 $235,187 -3.5%
October 2019 $254,680 -11.7%
September 2019 $270,891 2.9%
August 2019 $284,763 11.4%
July 2019 $252,428 -7.7%
June 2019 $258,764 -1.5%
December 2019 $271,117 11.8%
November 2019 $266,949 0.0%
February 2020 $277,964 22.0%
January 2020 $248,389 6.5%
February 2019 $215,000 4.9%
Month Average Sale PricePercent Change
Year-over-Year
April 2019 $221,000 3.8%
March 2019 $223,000 1.4%
June 2019 $230,013 2.9%
May 2019 $218,500 -0.7%
$238,025 3.5%
October 2019 $235,788 -3.8%
July 2019 $235,000 4.5%
January 2020 $225,000 7.1%
December 2019 $246,250 15.9%
September 2019 $242,000 5.2%
August 2019 $230,000 0.7%
November 2019
Month Median Sale PricePercent Change
Year-over-Year
February 2020 $267,000 24.2%
Year-to-Date $244,000 14.0%
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
J F M A M J 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
$0K
$50K
$100K
$150K
$200K
$250K
$300K
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Ave
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$0K
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$100K
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$200K
$250K
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ceMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Single Family Homes
Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2016 2017 2018 2019
Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
![Page 4: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/4.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
99.2% 3.3%
May 2019 98.3%
June 2019 $95.2 Million -1.2%
May 2019
$82.1 Million 17.4%
March 2019 $90.4 Million 19.5%
1.2%
April 2019 97.6%
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.
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.
-2.9%95.9%Year-to-Date
MonthMed. Pct. of Orig.
List Price Received
Percent Change
Year-over-Year
March 2019 99.1% 2.4%
February 2019
February 2019 $66.1 Million 12.9%
April 2019
0.3%
October 2019 97.1% -0.5%
September 2019 97.7% 0.4%
August 2019 98.0% 1.2%
July 2019 98.2% 2.0%
June 2019 98.3% 0.9%
December 2019 97.0% -0.6%
November 2019 96.9% 0.6%
February 2020 96.2% -3.0%
January 2020 95.8% -2.5%
$91.5 Million 1.4%
November 2019 $77.1 Million 99.3%
October 2019 $88.6 Million 216.7%
September 2019 $96.7 Million 24.1%
August 2019 $107.6 Million 12.6%
July 2019 $106.0 Million 10.1%
January 2020 $69.8 Million 10.8%
December 2019 $82.7 Million 50.2%
Month Dollar VolumePercent Change
Year-over-Year
February 2020 $83.4 Million 26.2%
Year-to-Date $153.2 Million 18.7%
J F M A M J 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
J F M A M J 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
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Monthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Single Family Homes
Dollar VolumeThe sum of the sale prices for all sales which closed during the month
2016 2017 2018 2019
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month
$0
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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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
February 2019 88 Days -19.3%
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.
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.
April 2019 62 Days -22.5%
March 2019 68 Days -29.9%
June 2019 74 Days -12.9%
May 2019 67 Days -17.3%
November 2019 69 Days -30.3%
October 2019 66 Days -25.8%
September 2019 79 Days -11.2%
August 2019 70 Days -17.6%
July 2019 72 Days -25.8%
January 2020 99 Days 10.0%
December 2019 84 Days -28.2%
Month Median Time to SalePercent Change
Year-over-Year
February 2020 93 Days 5.7%
9.0%97 DaysYear-to-Date
March 2019 22 Days -55.1%
February 2019 33 Days -52.9%
16 Days -57.9%
April 2019 21 Days -44.7%
May 2019
October 2019 21 Days -51.2%
September 2019 28 Days -26.3%
August 2019 22 Days -45.0%
July 2019 26 Days -43.5%
June 2019 22 Days -45.0%
MonthMedian Time to
Contract
Percent Change
Year-over-Year
February 2020 46 Days 39.4%
43 Days 26.5%Year-to-Date
January 2020 42 Days 20.0%
December 2019 35 Days -39.7%
November 2019 23 Days -57.4%
J F M A M J 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
J F M A M J 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 F0
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tMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Single Family Homes
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month
2016 2017 2018 2019
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month
![Page 6: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/6.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
Year-to-Date 836 14.5%
March 2019 405 -10.2%
October 2019 474 276.2%
September 2019 460 45.6%
August 2019 479 7.9%
July 2019
February 2019 362 -0.5%
May 2019 527 18.7%
April 2019 462 12.7%
444 6.5%
June 2019 450 16.3%
December 2019 328 30.2%
November 2019 349 57.2%
February 2020 420 16.0%
January 2020 416 13.0%
February 2019 352 17.3%
Month New ListingsPercent Change
Year-over-Year
April 2019 390 9.6%
March 2019 394 11.3%
June 2019 437 15.0%
May 2019 408 2.0%
August 2019 388 7.2%
November 2019 275 9.1%
October 2019 320 117.7%
-2.6%
December 2019 224 -10.0%
September 2019 304 15.2%
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.
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.
Month New Pending SalesPercent Change
Year-over-Year
February 2020 378 7.4%
Year-to-Date 747 2.2%
July 2019 398 10.9%
January 2020 369
J F M A M J 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
J F M A M J 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
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sMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Single Family Homes
New Pending SalesThe number of listed properties that went under contract during the month
2016 2017 2018 2019
New ListingsThe number of properties put onto the market during the month
![Page 7: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/7.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
January 2020 1,150 27.2%
December 2019 1,085 24.6%
Month InventoryPercent Change
Year-over-Year
February 2020 1,199 38.1%
1,175 32.6%YTD (Monthly Avg)
28.8%
October 2019 1,170 7.5%
September 2019 1,068 -14.6%
November 2019 1,213
991 -22.5%
August 2019 1,042 -19.0%
July 2019 979 -19.6%
June 2019 956 -20.1%
May 2019
February 2020 3.5 12.9%
January 2020 3.3 0.0%
December 2019 3.1 -3.1%
November 2019 3.6 5.9%
October 2019 3.6 -7.7%
September 2019 3.5 -16.7%
August 2019 3.5 -20.5%
July 2019 3.3 -21.4%
-32.6%
June 2019 3.2 -23.8%
May 2019 3.4 -24.4%
February 2019 868 -24.6%
April 2019 886 -30.0%
March 2019 844 -29.1%
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.
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.
YTD (Monthly Avg) 3.4 6.2%
Month Months SupplyPercent Change
Year-over-Year
February 2019 3.1 -24.4%
April 2019 3.0 -33.3%
March 2019 2.9
J F M A M J 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
J F M A M J 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
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ryMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Single Family Homes
Inventory (Active Listings)The number of property listings active at the end of the month
2016 2017 2018 2019
Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates
![Page 8: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/8.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
$100,000 - $149,999 17 -29.2%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 7 -68.2%
$50,000 - $99,999 19 -20.8%
$150,000 - $199,999 39 -27.8%
$200,000 - $249,999 55 -9.8%
$50,000 - $99,999 28 Days 250.0%
$100,000 - $149,999
$400,000 - $599,999 17 6.3%
$600,000 - $999,999 6 200.0%
36 Days 176.9%
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.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 18 Days 200.0%
$1,000,000 or more 3 200.0%
$250,000 - $299,999 64 64.1%
$300,000 - $399,999 73 55.3%
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.
$150,000 - $199,999 38 Days -11.6%
$200,000 - $249,999 29 Days -27.5%
$250,000 - $299,999
$400,000 - $599,999 41 Days 115.8%
94 Days 118.6%
$300,000 - $399,999 58 Days -18.3%
$600,000 - $999,999 150 Days 158.6%
$1,000,000 or more 7 Days 250.0%
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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 -$999,999
$1,000,000 ormore
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$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 -$999,999
$1,000,000 ormore
Clo
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February 2019 February 2020
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Monthly Market Detail - February 2020
Bay County
Single Family Homes
Closed Sales by Sale PriceThe number of sales transactions which closed during the month
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month
![Page 9: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/9.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 12 -52.0%
$50,000 - $99,999 19 -47.2%
$100,000 - $149,999 23 15.0%
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.
$150,000 - $199,999 75 11.9%
$200,000 - $249,999 71 26.8%
$250,000 - $299,999 63 5.0%
$300,000 - $399,999 99 86.8%
$400,000 - $599,999 40 29.0%
$600,000 - $999,999 11 83.3%
$1,000,000 or more 7 -12.5%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 13 -40.9%
$50,000 - $99,999 42 5.0%
$100,000 - $149,999 66 78.4%
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.
$150,000 - $199,999 182 82.0%
$200,000 - $249,999 207 76.9%
$250,000 - $299,999 208 50.7%
$300,000 - $399,999 243 26.6%
$400,000 - $599,999 117 2.6%
$600,000 - $999,999 67 34.0%
$1,000,000 or more 54 -6.9%
0
50
100
150
200
250
300
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 -$999,999
$1,000,000 ormore
Inve
nto
ry
February 2019 February 2020
0
20
40
60
80
100
120
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 -$999,999
$1,000,000 ormore
Ne
w L
isti
ngs
February 2019 February 2020
0
50
100
150
200
250
300
0
20
40
60
80
100
120
Monthly Market Detail - February 2020
Bay County
Single Family Homes
New Listings by Initial Listing PriceThe number of properties put onto the market during the month
Inventory by Current Listing PriceThe number of property listings active at the end of the month
![Page 10: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/10.jpg)
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
February 2020 February 2019Percent Change
Year-over-Year
Traditional
298 279 6.8%
$268,439 $219,000 22.6%
Foreclosure/REO
2 10 -80.0%
$51,750 $177,210 -70.8%
Short Sale
0 1 -100.0%
(No Sales) $158,000 N/A
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
$450K
$500K
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
J F M A M J 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
J F M A M J 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
Monthly Distressed Market - February 2020
Bay CountySingle Family Homes
2016 2017 2018 2019
2016 2017 2018 2019
![Page 11: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/11.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
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.
January 2020 140 57.3%
57.0%
52.2%
December 2019 124
November 2019 140
-27.9%
May 2019 194
April 2019 153
4.3%
-21.1%
-26.2%
55.4%
17.5%
-18.7%
-21.9%
-6.7%
March 2019 149
February 2019 101
July 2019 135
June 2019 139
October 2019 143
September 2019 148
August 2019 166
97.1% -0.5%
70 Days 45 Days 55.6%
February 2020
Median Time to Contract
105 Days
170
Median Time to Sale
New Pending Sales
New Listings
Month
171
Pending Inventory 411
Inventory (Active Listings) 733
Months Supply of Inventory 5.0
38.2%
160 6.3%
Percent Change
Year-over-Year
$252,500 7.7%
$39.0 Million $26.7 Million 45.9%
$302,353 $264,769 14.2%
February 2019Percent Change
Year-over-Year
54 48 12.5%
129 101 27.7%
Summary Statistics
Closed Sales
Paid in Cash
96.6%
February 2020
$272,000Median Sale Price
Average Sale Price
Dollar Volume
Median Percent of Original
List Price Received
Year-to-Date 269 41.6%
27.7%
172 -0.6%
Closed Sales
129
76 Days
327 25.7%
729 0.5%
5.2 -3.8%
2016 2017 2018 2019
J F M A M J 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
Monthly Market Detail - February 2020
Bay County
Townhouses and Condos
Closed SalesThe number of sales transactions which closed duringthe month
0
50
100
150
200
250
Clo
sed
Sal
es
![Page 12: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/12.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
47.5% -7.6%
May 2019 38.1%
June 2019 61 -32.2%
May 2019
69 -26.6%
March 2019 79 -27.5%
-18.6%
April 2019 45.1%
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.
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.
Year-to-Date 44.2% -19.2%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
March 2019 53.0% -1.9%
February 2019
February 2019 48 -33.3%
April 2019
-7.0%
October 2019 32.2% -37.0%
September 2019 33.1% -34.8%
August 2019 40.4% -7.8%
July 2019 33.3% -26.3%
June 2019 43.9% -13.2%
December 2019 38.7% -7.4%
November 2019 37.9% -0.3%
February 2020 41.9% -11.8%
January 2020 46.4% -26.2%
74 -14.9%
53 51.4%
October 2019 46 -2.1%
July 2019 45 -40.0%
September 2019 49 -23.4%
August 2019 67 -14.1%
November 2019
Month Cash SalesPercent Change
Year-over-Year
February 2020 54 12.5%
January 2020 65 16.1%
December 2019 48 45.5%
Year-to-Date 119 14.4%
J F M A M J 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
J F M A M J 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
0%
10%
20%
30%
40%
50%
60%
70%
Pct
. of
Clo
sed
Sal
es
Pai
d in
Cas
h
0
20
40
60
80
100
120
Cas
h S
ale
sMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Townhouses and Condos
Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash
2016 2017 2018 2019
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash Sales
![Page 13: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/13.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
9.2%$296,338Year-to-Date
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.
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.March 2019 $285,103 1.2%
February 2019 $264,769 10.5%
May 2019 $272,379 3.6%
April 2019 $275,875 4.7%
October 2019 $278,643 1.0%
September 2019 $282,578 -2.2%
August 2019 $287,472 8.2%
July 2019 $287,583 7.1%
June 2019 $249,981 -6.0%
December 2019 $273,917 7.4%
November 2019 $287,743 -6.7%
February 2020 $302,353 14.2%
January 2020 $290,796 4.4%
February 2019 $252,500 14.8%
Month Average Sale PricePercent Change
Year-over-Year
April 2019 $249,000 1.6%
March 2019 $257,500 -4.8%
June 2019 $228,000 -4.3%
May 2019 $238,500 0.6%
$261,000 -2.3%
October 2019 $265,000 0.4%
July 2019 $240,000 -2.0%
January 2020 $255,500 -5.4%
December 2019 $245,000 2.9%
September 2019 $263,000 -5.9%
August 2019 $261,000 8.8%
November 2019
Month Median Sale PricePercent Change
Year-over-Year
February 2020 $272,000 7.7%
Year-to-Date $265,000 2.7%
J F M A M J 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
J F M A M J 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
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
Ave
rage
Sal
e P
rice
$0K
$50K
$100K
$150K
$200K
$250K
$300K
Me
dia
n S
ale
Pri
ceMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Townhouses and Condos
Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2016 2017 2018 2019
Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
![Page 14: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/14.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
97.1% 0.7%
May 2019 98.0%
June 2019 $34.7 Million -26.6%
May 2019
$42.2 Million -17.4%
March 2019 $42.5 Million -25.4%
0.7%
April 2019 97.0%
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.
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.
0.5%96.7%Year-to-Date
MonthMed. Pct. of Orig.
List Price Received
Percent Change
Year-over-Year
March 2019 97.2% 0.4%
February 2019
February 2019 $26.7 Million -20.3%
April 2019
0.5%
October 2019 97.2% -0.1%
September 2019 97.0% 0.1%
August 2019 97.1% -0.1%
July 2019 96.9% -0.1%
June 2019 97.9% 0.2%
December 2019 96.0% -1.5%
November 2019 97.3% 0.1%
February 2020 96.6% -0.5%
January 2020 96.9% 1.8%
$52.8 Million 8.1%
November 2019 $40.3 Million 42.0%
October 2019 $39.8 Million 56.9%
September 2019 $41.8 Million 14.8%
August 2019 $47.7 Million 0.9%
July 2019 $38.8 Million -12.9%
January 2020 $40.7 Million 64.2%
December 2019 $34.0 Million 68.6%
Month Dollar VolumePercent Change
Year-over-Year
February 2020 $39.0 Million 45.9%
Year-to-Date $79.7 Million 54.7%
J F M A M J 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
J F M A M J 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
0%
20%
40%
60%
80%
100%
120%
Me
d. P
ct. o
f O
rig.
Li
st P
rice
Re
ceiv
ed
Monthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Townhouses and Condos
Dollar VolumeThe sum of the sale prices for all sales which closed during the month
2016 2017 2018 2019
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month
$0
$10 M
$20 M
$30 M
$40 M
$50 M
$60 M
Do
llar
Vo
lum
e
![Page 15: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/15.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
February 2019 76 Days -13.6%
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.
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.
April 2019 74 Days 29.8%
March 2019 57 Days -19.7%
June 2019 91 Days 42.2%
May 2019 74 Days 13.8%
November 2019 63 Days -26.7%
October 2019 71 Days 9.2%
September 2019 75 Days 23.0%
August 2019 101 Days 31.2%
July 2019 123 Days 51.9%
January 2020 87 Days 10.1%
December 2019 82 Days 5.1%
Month Median Time to SalePercent Change
Year-over-Year
February 2020 105 Days 38.2%
18.2%91 DaysYear-to-Date
March 2019 21 Days -51.2%
February 2019 45 Days -27.4%
43 Days 38.7%
April 2019 35 Days 34.6%
May 2019
October 2019 30 Days 3.4%
September 2019 36 Days 71.4%
August 2019 68 Days 70.0%
July 2019 83 Days 102.4%
June 2019 55 Days 52.8%
MonthMedian Time to
Contract
Percent Change
Year-over-Year
February 2020 70 Days 55.6%
56 Days 21.7%Year-to-Date
January 2020 38 Days -24.0%
December 2019 37 Days 12.1%
November 2019 33 Days -29.8%
J F M A M J 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
J F M A M J 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 F0
50
100
150
200
Me
dia
n T
ime
to
Sa
le
0
20
40
60
80
100
120
Me
dia
n T
ime
to
C
on
trac
tMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Townhouses and Condos
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month
2016 2017 2018 2019
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month
![Page 16: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/16.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
Year-to-Date 355 -12.6%
March 2019 198 -21.4%
October 2019 177 181.0%
September 2019 203 36.2%
August 2019 228 -8.4%
July 2019
February 2019 172 -2.8%
May 2019 145 -52.0%
April 2019 197 -27.0%
182 1.1%
June 2019 171 19.6%
December 2019 143 -8.9%
November 2019 151 -31.7%
February 2020 171 -0.6%
January 2020 184 -21.4%
February 2019 160 -13.0%
Month New ListingsPercent Change
Year-over-Year
April 2019 154 -30.3%
March 2019 204 1.0%
June 2019 176 -8.3%
May 2019 198 -28.8%
August 2019 177 -20.3%
November 2019 111 -4.3%
October 2019 189 125.0%
35.6%
December 2019 144 -25.8%
September 2019 144 5.1%
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.
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.
Month New Pending SalesPercent Change
Year-over-Year
February 2020 170 6.3%
Year-to-Date 349 19.5%
July 2019 185 6.9%
January 2020 179
J F M A M J 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
J F M A M J 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
0
50
100
150
200
250
300
350
Ne
w L
isti
ngs
0
50
100
150
200
250
300
Pe
nd
ing
Sale
sMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Townhouses and Condos
New Pending SalesThe number of listed properties that went under contract during the month
2016 2017 2018 2019
New ListingsThe number of properties put onto the market during the month
![Page 17: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/17.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
January 2020 740 -0.3%
December 2019 742 23.9%
Month InventoryPercent Change
Year-over-Year
February 2020 733 0.5%
737 0.1%YTD (Monthly Avg)
21.2%
October 2019 746 52.2%
September 2019 765 40.1%
November 2019 772
695 2.4%
August 2019 766 25.2%
July 2019 737 38.3%
June 2019 688 31.5%
May 2019
February 2020 5.0 -3.8%
January 2020 5.1 -1.9%
December 2019 5.3 29.3%
November 2019 5.7 32.6%
October 2019 5.6 75.0%
September 2019 6.0 71.4%
August 2019 6.1 56.4%
July 2019 5.8 70.6%
32.5%
June 2019 5.3 55.9%
May 2019 5.2 18.2%
February 2019 729 22.9%
April 2019 793 18.0%
March 2019 717 23.2%
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.
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.
YTD (Monthly Avg) 5.1 -1.9%
Month Months SupplyPercent Change
Year-over-Year
February 2019 5.2 26.8%
April 2019 6.0 33.3%
March 2019 5.3
J F M A M J 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
J F M A M J 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
0.0
2.0
4.0
6.0
8.0
10.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
0
200
400
600
800
1,000
1,200
Inve
nto
ryMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Townhouses and Condos
Inventory (Active Listings)The number of property listings active at the end of the month
2016 2017 2018 2019
Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates
![Page 18: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/18.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
$100,000 - $149,999 16 -20.0%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 1 -66.7%
$150,000 - $199,999 15 -16.7%
$200,000 - $249,999 24 166.7%
$50,000 - $99,999 36 Days -67.6%
$100,000 - $149,999
$400,000 - $599,999 19 72.7%
$600,000 - $999,999 2 100.0%
15 Days -6.3%
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.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 (No Sales) N/A
$1,000,000 or more 1 N/A
$250,000 - $299,999 20 33.3%
$300,000 - $399,999 31 29.2%
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.
$150,000 - $199,999 66 Days 94.1%
$200,000 - $249,999 72 Days -62.5%
$250,000 - $299,999
$400,000 - $599,999 79 Days 426.7%
36 Days -72.5%
$300,000 - $399,999 116 Days 127.5%
$600,000 - $999,999 119 Days -55.8%
$1,000,000 or more 575 Days N/A
0
100
200
300
400
500
600
700
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 -$999,999
$1,000,000 ormore
Me
dia
n T
ime
to
Co
ntr
act
February 2019 February 2020
0
100
200
300
400
500
600
700
0
5
10
15
20
25
30
35
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 -$999,999
$1,000,000 ormore
Clo
sed
Sal
es
February 2019 February 2020
0
5
10
15
20
25
30
35
Monthly Market Detail - February 2020
Bay County
Townhouses and Condos
Closed Sales by Sale PriceThe number of sales transactions which closed during the month
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month
![Page 19: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/19.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 2 100.0%
$100,000 - $149,999 10 -37.5%
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.
$150,000 - $199,999 32 14.3%
$200,000 - $249,999 28 75.0%
$250,000 - $299,999 28 33.3%
$300,000 - $399,999 33 -23.3%
$400,000 - $599,999 25 -19.4%
$600,000 - $999,999 12 -25.0%
$1,000,000 or more 1 N/A
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 10 400.0%
$100,000 - $149,999 30 0.0%
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.
$150,000 - $199,999 97 27.6%
$200,000 - $249,999 88 29.4%
$250,000 - $299,999 67 -5.6%
$300,000 - $399,999 186 -6.5%
$400,000 - $599,999 188 2.2%
$600,000 - $999,999 60 -33.3%
$1,000,000 or more 7 -22.2%
0
50
100
150
200
250
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 -$999,999
$1,000,000 ormore
Inve
nto
ry
February 2019 February 2020
05
101520253035404550
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 -$999,999
$1,000,000 ormore
Ne
w L
isti
ngs
February 2019 February 2020
0
50
100
150
200
250
05101520253035404550
Monthly Market Detail - February 2020
Bay County
Townhouses and Condos
New Listings by Initial Listing PriceThe number of properties put onto the market during the month
Inventory by Current Listing PriceThe number of property listings active at the end of the month
![Page 20: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/20.jpg)
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
February 2020 February 2019Percent Change
Year-over-Year
Traditional
128 101 26.7%
$273,500 $252,500 8.3%
Foreclosure/REO
1 0 N/A
$158,000 (No Sales) N/A
Short Sale
0 0 N/A
(No Sales) (No Sales) N/A
$0K
$100K
$200K
$300K
$400K
$500K
$600K
$700K
Me
dia
n S
ale
Pri
ce
88%
90%
92%
94%
96%
98%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
J F M A M J 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
J F M A M J 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
Monthly Distressed Market - February 2020
Bay CountyTownhouses and Condos
2016 2017 2018 2019
2016 2017 2018 2019
![Page 21: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/21.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
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.
January 2020 17 6.3%
-42.1%
42.9%
December 2019 11
November 2019 20
108.3%
May 2019 27
April 2019 31
-15.6%
0.0%
-43.3%
114.3%
108.3%
-30.0%
27.8%
-30.8%
March 2019 17
February 2019 25
July 2019 21
June 2019 23
October 2019 15
September 2019 25
August 2019 18
85.3% 10.8%
52 Days 57 Days -8.8%
February 2020
Median Time to Contract
101 Days
13
Median Time to Sale
New Pending Sales
New Listings
Month
28
Pending Inventory 25
Inventory (Active Listings) 88
Months Supply of Inventory 4.3
31.2%
23 -43.5%
Percent Change
Year-over-Year
$89,900 33.4%
$2.3 Million $2.3 Million 0.0%
$120,753 $91,736 31.6%
February 2019Percent Change
Year-over-Year
10 13 -23.1%
19 25 -24.0%
Summary Statistics
Closed Sales
Paid in Cash
94.5%
February 2020
$119,900Median Sale Price
Average Sale Price
Dollar Volume
Median Percent of Original
List Price Received
Year-to-Date 36 -12.2%
-24.0%
35 -20.0%
Closed Sales
19
77 Days
34 -26.5%
68 29.4%
3.1 38.7%
2016 2017 2018 2019
J F M A M J 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
Monthly Market Detail - February 2020
Bay County
Manufactured Homes
Closed SalesThe number of sales transactions which closed duringthe month
0
5
10
15
20
25
30
35
Clo
sed
Sal
es
![Page 22: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/22.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
52.0% -30.7%
May 2019 77.8%
June 2019 13 30.0%
May 2019
17 0.0%
March 2019 13 -27.8%
8.2%
April 2019 54.8%
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.
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.
Year-to-Date 50.0% 8.0%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
March 2019 76.5% 27.5%
February 2019
February 2019 13 44.4%
April 2019
0.0%
October 2019 53.3% -25.4%
September 2019 60.0% 43.9%
August 2019 38.9% -22.2%
July 2019 47.6% -10.7%
June 2019 56.5% 1.6%
December 2019 36.4% -50.6%
November 2019 70.0% 22.6%
February 2020 52.6% 1.2%
January 2020 47.1% 25.6%
21 -8.7%
14 75.0%
October 2019 8 60.0%
July 2019 10 -37.5%
September 2019 15 200.0%
August 2019 7 -46.2%
November 2019
Month Cash SalesPercent Change
Year-over-Year
February 2020 10 -23.1%
January 2020 8 33.3%
December 2019 4 -71.4%
Year-to-Date 18 -5.3%
J F M A M J 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
J F M A M J 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
0%
20%
40%
60%
80%
100%
Pct
. of
Clo
sed
Sal
es
Pai
d in
Cas
h
0
5
10
15
20
25
Cas
h S
ale
sMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Manufactured Homes
Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash
2016 2017 2018 2019
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash Sales
![Page 23: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/23.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
13.7%$108,853Year-to-Date
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.
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.March 2019 $89,850 -8.8%
February 2019 $91,736 5.5%
May 2019 $86,146 -13.8%
April 2019 $101,274 -4.3%
October 2019 $103,527 30.6%
September 2019 $114,576 37.9%
August 2019 $122,651 29.9%
July 2019 $114,521 15.7%
June 2019 $95,696 -4.7%
December 2019 $126,991 29.8%
November 2019 $89,375 12.5%
February 2020 $120,753 31.6%
January 2020 $95,553 -6.2%
February 2019 $89,900 9.6%
Month Average Sale PricePercent Change
Year-over-Year
April 2019 $101,000 -1.0%
March 2019 $92,500 -11.3%
June 2019 $95,000 6.1%
May 2019 $75,000 -11.0%
$54,000 -22.8%
October 2019 $106,000 63.1%
July 2019 $124,000 35.1%
January 2020 $89,900 -18.6%
December 2019 $123,500 37.4%
September 2019 $118,000 34.9%
August 2019 $114,500 27.2%
November 2019
Month Median Sale PricePercent Change
Year-over-Year
February 2020 $119,900 33.4%
Year-to-Date $105,000 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
J F M A M J 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
$0K
$20K
$40K
$60K
$80K
$100K
$120K
$140K
Ave
rage
Sal
e P
rice
$0K
$20K
$40K
$60K
$80K
$100K
$120K
$140K
Me
dia
n S
ale
Pri
ceMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Manufactured Homes
Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2016 2017 2018 2019
Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
![Page 24: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/24.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
85.3% -6.2%
May 2019 91.4%
June 2019 $2.2 Million 21.8%
May 2019
$3.1 Million -4.3%
March 2019 $1.5 Million -48.3%
0.4%
April 2019 92.3%
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.
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.
3.1%93.2%Year-to-Date
MonthMed. Pct. of Orig.
List Price Received
Percent Change
Year-over-Year
March 2019 93.3% -2.1%
February 2019
February 2019 $2.3 Million 119.8%
April 2019
0.4%
October 2019 86.5% -9.6%
September 2019 91.9% 4.2%
August 2019 93.8% -1.4%
July 2019 90.8% 0.6%
June 2019 91.9% 0.1%
December 2019 97.4% 12.5%
November 2019 91.7% 0.0%
February 2020 94.5% 10.8%
January 2020 93.0% -1.5%
$2.3 Million -27.3%
November 2019 $1.8 Million 60.7%
October 2019 $1.6 Million 179.9%
September 2019 $2.9 Million 187.3%
August 2019 $2.2 Million -10.1%
July 2019 $2.4 Million -19.0%
January 2020 $1.6 Million -0.4%
December 2019 $1.4 Million -24.9%
Month Dollar VolumePercent Change
Year-over-Year
February 2020 $2.3 Million 0.0%
Year-to-Date $3.9 Million -0.1%
J F M A M J 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
J F M A M J 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
0%
20%
40%
60%
80%
100%
120%
Me
d. P
ct. o
f O
rig.
Li
st P
rice
Re
ceiv
ed
Monthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Manufactured Homes
Dollar VolumeThe sum of the sale prices for all sales which closed during the month
2016 2017 2018 2019
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month
$0
$500,000
$1.0 M
$1.5 M
$2.0 M
$2.5 M
$3.0 M
$3.5 M
Do
llar
Vo
lum
e
![Page 25: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/25.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
February 2019 77 Days -28.0%
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.
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.
April 2019 75 Days 29.3%
March 2019 46 Days -13.2%
June 2019 55 Days -53.0%
May 2019 64 Days -7.2%
November 2019 39 Days -70.2%
October 2019 87 Days -17.1%
September 2019 71 Days -22.0%
August 2019 71 Days 12.7%
July 2019 66 Days -38.9%
January 2020 70 Days -30.0%
December 2019 86 Days -5.5%
Month Median Time to SalePercent Change
Year-over-Year
February 2020 101 Days 31.2%
2.6%80 DaysYear-to-Date
March 2019 27 Days 28.6%
February 2019 57 Days 29.5%
38 Days 8.6%
April 2019 18 Days -25.0%
May 2019
October 2019 45 Days 462.5%
September 2019 23 Days -57.4%
August 2019 30 Days 30.4%
July 2019 19 Days -56.8%
June 2019 32 Days -42.9%
MonthMedian Time to
Contract
Percent Change
Year-over-Year
February 2020 52 Days -8.8%
48 Days -22.6%Year-to-Date
January 2020 44 Days -38.9%
December 2019 54 Days 54.3%
November 2019 18 Days -76.6%
J F M A M J 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
J F M A M J 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 F0
50
100
150
200
Me
dia
n T
ime
to
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le
0
50
100
150
200
Me
dia
n T
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to
C
on
trac
tMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Manufactured Homes
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month
2016 2017 2018 2019
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month
![Page 26: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/26.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
Year-to-Date 47 -14.5%
March 2019 32 -20.0%
October 2019 40 185.7%
September 2019 26 0.0%
August 2019 18 -45.5%
July 2019
February 2019 35 29.6%
May 2019 24 -11.1%
April 2019 34 36.0%
32 -11.1%
June 2019 26 -13.3%
December 2019 23 27.8%
November 2019 23 15.0%
February 2020 28 -20.0%
January 2020 19 -5.0%
February 2019 23 -17.9%
Month New ListingsPercent Change
Year-over-Year
April 2019 28 0.0%
March 2019 25 -24.2%
June 2019 22 22.2%
May 2019 28 -6.7%
August 2019 21 5.0%
November 2019 16 -40.7%
October 2019 17 30.8%
36.4%
December 2019 20 5.3%
September 2019 18 -10.0%
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.
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.
Month New Pending SalesPercent Change
Year-over-Year
February 2020 13 -43.5%
Year-to-Date 43 -4.4%
July 2019 23 -28.1%
January 2020 30
J F M A M J 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
J F M A M J 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
0
10
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50
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ngs
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10
20
30
40
Pe
nd
ing
Sale
sMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Manufactured Homes
New Pending SalesThe number of listed properties that went under contract during the month
2016 2017 2018 2019
New ListingsThe number of properties put onto the market during the month
![Page 27: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/27.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
January 2020 70 18.6%
December 2019 81 26.6%
Month InventoryPercent Change
Year-over-Year
February 2020 88 29.4%
79 23.4%YTD (Monthly Avg)
38.2%
October 2019 85 4.9%
September 2019 66 -25.8%
November 2019 94
56 -26.3%
August 2019 63 -30.0%
July 2019 68 -18.1%
June 2019 56 -30.0%
May 2019
February 2020 4.3 38.7%
January 2020 3.4 17.2%
December 2019 3.9 25.8%
November 2019 4.4 41.9%
October 2019 4.1 10.8%
September 2019 3.3 -13.2%
August 2019 3.3 -10.8%
July 2019 3.4 -2.9%
-19.0%
June 2019 2.7 -22.9%
May 2019 2.8 -15.2%
February 2019 68 -22.7%
April 2019 68 -19.0%
March 2019 71 -19.3%
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.
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.
YTD (Monthly Avg) 3.9 30.0%
Month Months SupplyPercent Change
Year-over-Year
February 2019 3.1 -26.2%
April 2019 3.3 -15.4%
March 2019 3.4
J F M A M J 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
J F M A M J 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
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
0
20
40
60
80
100
120
140
Inve
nto
ryMonthly Market Detail - February 2020
2016 2017 2018 2019
Bay County
Manufactured Homes
Inventory (Active Listings)The number of property listings active at the end of the month
2016 2017 2018 2019
Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates
![Page 28: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/28.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
$100,000 - $149,999 7 -30.0%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 3 -40.0%
$50,000 - $99,999 3 -62.5%
$150,000 - $199,999 5 150.0%
$200,000 - $249,999 1 N/A
$50,000 - $99,999 105 Days 64.1%
$100,000 - $149,999
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
33 Days -63.3%
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.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 3 Days -62.5%
$1,000,000 or more 0 N/A
$250,000 - $299,999 0 N/A
$300,000 - $399,999 0 N/A
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.
$150,000 - $199,999 142 Days 7.6%
$200,000 - $249,999 17 Days N/A
$250,000 - $299,999
$400,000 - $599,999 (No Sales) N/A
(No Sales) N/A
$300,000 - $399,999 (No Sales) N/A
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more (No Sales) N/A
0
20
40
60
80
100
120
140
160
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 -$999,999
$1,000,000 ormore
Me
dia
n T
ime
to
Co
ntr
act
February 2019 February 2020
0
20
40
60
80
100
120
140
160
0
2
4
6
8
10
12
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 -$999,999
$1,000,000 ormore
Clo
sed
Sal
es
February 2019 February 2020
0
2
4
6
8
10
12
Monthly Market Detail - February 2020
Bay County
Manufactured Homes
Closed Sales by Sale PriceThe number of sales transactions which closed during the month
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month
![Page 29: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/29.jpg)
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 3 -66.7%
$50,000 - $99,999 5 -44.4%
$100,000 - $149,999 11 -8.3%
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.
$150,000 - $199,999 7 133.3%
$200,000 - $249,999 1 0.0%
$250,000 - $299,999 1 0.0%
$300,000 - $399,999 0 N/A
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 9 -30.8%
$50,000 - $99,999 28 33.3%
$100,000 - $149,999 26 44.4%
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.
$150,000 - $199,999 17 54.5%
$200,000 - $249,999 5 66.7%
$250,000 - $299,999 2 0.0%
$300,000 - $399,999 1 N/A
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
0
5
10
15
20
25
30
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 -$999,999
$1,000,000 ormore
Inve
nto
ry
February 2019 February 2020
0
2
4
6
8
10
12
14
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 -$999,999
$1,000,000 ormore
Ne
w L
isti
ngs
February 2019 February 2020
0
5
10
15
20
25
30
0
2
4
6
8
10
12
14
Monthly Market Detail - February 2020
Bay County
Manufactured Homes
New Listings by Initial Listing PriceThe number of properties put onto the market during the month
Inventory by Current Listing PriceThe number of property listings active at the end of the month
![Page 30: Monthly Market Detail - Central Panhandle Association of ... · Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month](https://reader035.vdocument.in/reader035/viewer/2022062317/5eb86e39e575ed71885b4a3a/html5/thumbnails/30.jpg)
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.
February 2020 February 2019Percent Change
Year-over-Year
Traditional
17 24 -29.2%
$130,000 $94,950 36.9%
Foreclosure/REO
2 1 100.0%
$104,950 $70,500 48.9%
Short Sale
0 0 N/A
(No Sales) (No Sales) N/A
$0K
$20K
$40K
$60K
$80K
$100K
$120K
$140K
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
J F M A M J 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
J F M A M J 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
Monthly Distressed Market - February 2020
Bay CountyManufactured Homes
2016 2017 2018 2019
2016 2017 2018 2019