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Closed Sales

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Pending <strong>Sales</strong><br />

New Listings<br />

Monthly Market Detail - June 2014<br />

Manufactured Homes<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 />

New Pending <strong>Sales</strong><br />

The number of property listings that went from<br />

"Active" to "Pending" status during the month<br />

Economists' note : Because of the typical length of time it takes for a<br />

sale to close, economists consider Pending <strong>Sales</strong> to be a decent<br />

indicator of potential future <strong>Closed</strong> <strong>Sales</strong>. It is important to bear in<br />

mind, however, that not all Pending <strong>Sales</strong> will be closed successfully.<br />

So, the effectiveness of Pending <strong>Sales</strong> as a future indicator of <strong>Closed</strong><br />

<strong>Sales</strong> is susceptible to changes in market conditions such as the<br />

availability of financing for homebuyers and the inventory of<br />

distressed properties for sale.<br />

Month<br />

June 2014<br />

May 2014<br />

April 2014<br />

March 2014<br />

18<br />

February 2014 22<br />

January 2014<br />

December 2013<br />

November 2013<br />

October 2013<br />

September 2013<br />

August 2013<br />

July 2013<br />

June 2013<br />

New Pending <strong>Sales</strong><br />

26<br />

29<br />

26<br />

22<br />

18<br />

16<br />

25<br />

17<br />

14<br />

17<br />

27<br />

Percent Change<br />

Year-over-Year<br />

-3.7%<br />

52.6%<br />

8.3%<br />

12.5%<br />

37.5%<br />

0.0%<br />

38.5%<br />

-5.9%<br />

56.3%<br />

-5.6%<br />

7.7%<br />

-5.6%<br />

42.1%<br />

40<br />

2010 2011 2012 2013<br />

30<br />

20<br />

10<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 />

New Listings<br />

The number of properties put onto the market during<br />

the month<br />

Economists' note : In a recovering market, we expect that new listings<br />

will eventually rise as sellers raise their estimations of value. But this<br />

increase will take place only after the market has turned up, so New<br />

Listings are a lagging indicator of the health of the market. Also be<br />

aware of properties which have been withdrawn from the market and<br />

then relisted. These are not really New Listings.<br />

Month<br />

June 2014<br />

May 2014<br />

April 2014<br />

March 2014<br />

February 2014<br />

January 2014<br />

December 2013<br />

November 2013<br />

October 2013<br />

September 2013<br />

August 2013<br />

July 2013<br />

June 2013<br />

New Listings<br />

29<br />

36<br />

32<br />

35<br />

38<br />

39<br />

32<br />

37<br />

34<br />

32<br />

35<br />

34<br />

31<br />

Percent Change<br />

Year-over-Year<br />

-6.5%<br />

16.1%<br />

-25.6%<br />

-16.7%<br />

31.0%<br />

14.7%<br />

52.4%<br />

19.4%<br />

-10.5%<br />

45.5%<br />

29.6%<br />

0.0%<br />

-16.2%<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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