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Median Days on<br />

Market<br />

Avg. Pct. of Orig.<br />

List Price<br />

Received<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 />

Median Days on Market<br />

The median number of days that properties sold during<br />

the month were on the market<br />

Economists' note : Median Days on Market is the amount of time the<br />

"middle" property selling this month was on the market. That is, 50%<br />

of homes selling this month took less time to sell, and 50% of homes<br />

took more time to sell. We use the median rather than the average<br />

because the median is not particularly sensitive to sales of homes that<br />

took an unusually large amount of time to sell relative to the vast<br />

majority of homes in the market.<br />

Month<br />

Median Days on<br />

Market<br />

Percent Change<br />

Year-over-Year<br />

June 2014 88 6.0%<br />

May 2014 94 88.0%<br />

April 2014 95 18.8%<br />

March 2014 86 -34.8%<br />

February 2014 48 -27.3%<br />

January 2014 103 66.1%<br />

December 2013 108 22.7%<br />

November 2013 60 -54.2%<br />

October 2013 86 -4.4%<br />

September 2013 110 31.0%<br />

August 2013 135 51.7%<br />

July 2013 75 -21.9%<br />

June 2013 83 -7.8%<br />

300<br />

250<br />

200<br />

150<br />

100<br />

50<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 />

Average Percent of Original List Price Received<br />

The average of the sale price (as a percentage of the original list<br />

price) across all properties selling during the month<br />

Economists' note : The Average Percent of Original List Price Received<br />

is an indicator of market conditions, in that in a recovering market, the<br />

measure rises as buyers realize that the market may be moving away<br />

from them and they need to match the selling price (or better it) in<br />

order to get a contract on the house. This is usually the last measure to<br />

indicate a market that has shifted from down to up, and is another<br />

lagging indicator.<br />

Month<br />

Avg. Pct. of Orig. List<br />

Price Received<br />

Percent Change<br />

Year-over-Year<br />

June 2014 84.1% 1.1%<br />

May 2014 81.4% -0.9%<br />

April 2014 82.4% -4.7%<br />

March 2014 84.5% 10.5%<br />

February 2014 92.2% 5.5%<br />

January 2014 81.5% -1.8%<br />

December 2013 81.7% -0.2%<br />

November 2013 80.6% 6.6%<br />

October 2013 83.7% 2.7%<br />

September 2013 75.9% -5.6%<br />

August 2013 85.1% 0.6%<br />

July 2013 84.2% 0.4%<br />

June 2013 83.2% -3.9%<br />

95%<br />

90%<br />

85%<br />

80%<br />

75%<br />

70%<br />

65%<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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