Closed Sales
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Cash <strong>Sales</strong><br />
Pct. of <strong>Closed</strong><br />
<strong>Sales</strong> Paid in Cash<br />
Monthly Market Detail - June 2014<br />
Townhouses and Condos<br />
Bay County Association of REALTORS®<br />
This report describes member activity for the association and is not confined to any specific geographic area.<br />
Cash <strong>Sales</strong><br />
The number of <strong>Closed</strong> <strong>Sales</strong> during the month in which<br />
buyers exclusively paid in cash<br />
Economists' note : Cash <strong>Sales</strong> can be a useful indicator of the extent to<br />
which investors are participating in the market. Why? Investors are<br />
far more likely to have the funds to purchase a home available up front,<br />
whereas the typical homebuyer requires a mortgage or some other<br />
form of financing. There are, of course, many possible exceptions, so<br />
this statistic should be interpreted with care.<br />
Month<br />
Cash <strong>Sales</strong><br />
Percent Change<br />
Year-over-Year<br />
June 2014 49 -2.0%<br />
May 2014 53 1.9%<br />
April 2014 52 -11.9%<br />
March 2014 57 9.6%<br />
February 2014 48 -12.7%<br />
January 2014 37 23.3%<br />
December 2013 46 7.0%<br />
November 2013 36 24.1%<br />
October 2013 40 25.0%<br />
September 2013 60 46.3%<br />
August 2013 55 17.0%<br />
July 2013 59 34.1%<br />
June 2013 50 4.2%<br />
80<br />
2010 2011 2012 2013<br />
60<br />
40<br />
20<br />
0<br />
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J<br />
Cash <strong>Sales</strong> as a Percentage of <strong>Closed</strong> <strong>Sales</strong><br />
The percentage of <strong>Closed</strong> <strong>Sales</strong> during the month<br />
which were Cash <strong>Sales</strong><br />
Economists' note : This statistic is simply another way of viewing<br />
Cash <strong>Sales</strong>. The remaining percentages of <strong>Closed</strong> <strong>Sales</strong> (i.e. those not<br />
paid fully in cash) each month involved some sort of financing, such as<br />
mortgages, owner/seller financing, assumed loans, etc.<br />
Month<br />
Percent of <strong>Closed</strong><br />
<strong>Sales</strong> Paid in Cash<br />
Percent Change<br />
Year-over-Year<br />
June 2014 43.0% 15.2%<br />
May 2014 37.6% 4.8%<br />
April 2014 40.3% -0.2%<br />
March 2014 43.5% 4.6%<br />
February 2014 41.4% -13.5%<br />
January 2014 32.2% -11.0%<br />
December 2013 39.3% 4.2%<br />
November 2013 37.5% 17.7%<br />
October 2013 25.8% -17.7%<br />
September 2013 41.1% 18.3%<br />
August 2013 39.6% -2.3%<br />
July 2013 43.4% 5.5%<br />
June 2013 37.3% 4.9%<br />
60%<br />
50%<br />
40%<br />
30%<br />
20%<br />
10%<br />
0%<br />
2010 2011 2012 2013<br />
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J<br />
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.<br />
Data released on Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.
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