Closed Sales
Median Sale Price Average Sale Price Monthly Market Detail - June 2014 Single Family Homes Bay County Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Month Median Sale Price Percent Change Year-over-Year June 2014 $170,000 0.6% May 2014 $160,200 0.1% April 2014 $157,047 1.0% March 2014 $149,000 -12.9% February 2014 $163,500 5.5% January 2014 $169,000 13.4% December 2013 $171,350 15.1% November 2013 $162,500 3.2% October 2013 $160,000 9.6% September 2013 $176,250 -2.1% August 2013 $174,750 24.2% July 2013 $185,500 16.0% June 2013 $169,000 0.9% $190K 2010 2011 2012 2013 $170K $150K $130K $110K 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 Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Economists' note : As noted above, 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. Month Average Sale Price Percent Change Year-over-Year June 2014 $243,749 20.7% May 2014 $208,906 9.9% April 2014 $178,105 -7.5% March 2014 $178,376 -0.9% February 2014 $191,885 13.7% January 2014 $211,680 27.9% December 2013 $190,234 -2.5% November 2013 $183,844 3.4% October 2013 $185,006 2.9% September 2013 $195,338 -0.9% August 2013 $197,648 7.1% July 2013 $195,672 6.3% June 2013 $201,981 4.6% $260K $240K $220K $200K $180K $160K $140K 2010 2011 2012 2013 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 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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.
Median Days on Market Avg. Pct. of Orig. List Price Received Monthly Market Detail - June 2014 Single Family Homes Bay County Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. Median Days on Market The median number of days that properties sold during the month were on the market Economists' note : Median Days on Market 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. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market. Month Median Days on Market Percent Change Year-over-Year June 2014 57 -14.9% May 2014 58 -27.5% April 2014 76 -2.6% March 2014 86 -3.4% February 2014 89 -2.2% January 2014 82 -18.8% December 2013 78 -4.9% November 2013 62 -25.3% October 2013 62 -42.6% September 2013 75 -7.4% August 2013 70 -28.6% July 2013 79 -20.2% June 2013 67 -23.0% 120 100 80 60 40 20 0 2010 2011 2012 2013 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 Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month Economists' note : The Average Percent of Original List Price Received is an indicator of market conditions, in that in a recovering market, the measure 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 that has shifted from down to up, and is another lagging indicator. Month Avg. Pct. of Orig. List Price Received Percent Change Year-over-Year June 2014 92.8% 0.1% May 2014 90.5% -0.2% April 2014 90.0% -1.1% March 2014 90.9% 0.7% February 2014 89.9% 1.5% January 2014 90.9% 1.5% December 2013 90.5% 2.0% November 2013 91.2% 1.4% October 2013 91.9% 3.0% September 2013 92.1% 2.3% August 2013 92.5% 5.2% July 2013 91.2% 2.8% June 2013 92.7% 2.3% 95% 2010 2011 2012 2013 90% 85% 80% 75% 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 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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.
- Page 1 and 2: Closed Sales Monthly Market Detail
- Page 3: Pending Sales New Listings Monthly
- Page 7 and 8: Closed Sales Median Days on Market
- Page 9 and 10: Closed Sales Median Sale Price Mont
- Page 11 and 12: Cash Sales Pct. of Closed Sales Pai
- Page 13 and 14: Median Sale Price Average Sale Pric
- Page 15 and 16: Inventory Months Supply of Inventor
- Page 17 and 18: New Listings Inventory Monthly Mark
- Page 19 and 20: Closed Sales Monthly Market Detail
- Page 21 and 22: Pending Sales New Listings Monthly
- Page 23 and 24: Median Days on Market Avg. Pct. of
- Page 25 and 26: Closed Sales Median Days on Market
- Page 27: Closed Sales Median Sale Price Mont
Median Sale Price<br />
Average Sale<br />
Price<br />
Monthly Market Detail - June 2014<br />
Single Family 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 Sale Price<br />
The median sale price reported for the month (i.e. 50%<br />
of sales were above and 50% of sales were below)<br />
Economists' note : Median Sale Price is our preferred summary<br />
statistic for price activity because, unlike Average Sale Price, Median<br />
Sale Price is not sensitive to high sale prices for small numbers of<br />
homes that may not be characteristic of the market area.<br />
Month<br />
Median Sale Price<br />
Percent Change<br />
Year-over-Year<br />
June 2014 $170,000 0.6%<br />
May 2014 $160,200 0.1%<br />
April 2014 $157,047 1.0%<br />
March 2014 $149,000 -12.9%<br />
February 2014 $163,500 5.5%<br />
January 2014 $169,000 13.4%<br />
December 2013 $171,350 15.1%<br />
November 2013 $162,500 3.2%<br />
October 2013 $160,000 9.6%<br />
September 2013 $176,250 -2.1%<br />
August 2013 $174,750 24.2%<br />
July 2013 $185,500 16.0%<br />
June 2013 $169,000 0.9%<br />
$190K<br />
2010 2011 2012 2013<br />
$170K<br />
$150K<br />
$130K<br />
$110K<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 Sale Price<br />
The average sale price reported for the month (i.e.<br />
total sales in dollars divided by the number of sales)<br />
Economists' note : As noted above, we prefer Median Sale Price over<br />
Average Sale Price as a summary statistic for home prices. However,<br />
Average Sale Price does have its uses—particularly when it is analyzed<br />
alongside the Median Sale Price. For one, the relative difference<br />
between the two statistics can provide some insight into the market for<br />
higher-end homes in an area.<br />
Month<br />
Average Sale Price<br />
Percent Change<br />
Year-over-Year<br />
June 2014 $243,749 20.7%<br />
May 2014 $208,906 9.9%<br />
April 2014 $178,105 -7.5%<br />
March 2014 $178,376 -0.9%<br />
February 2014 $191,885 13.7%<br />
January 2014 $211,680 27.9%<br />
December 2013 $190,234 -2.5%<br />
November 2013 $183,844 3.4%<br />
October 2013 $185,006 2.9%<br />
September 2013 $195,338 -0.9%<br />
August 2013 $197,648 7.1%<br />
July 2013 $195,672 6.3%<br />
June 2013 $201,981 4.6%<br />
$260K<br />
$240K<br />
$220K<br />
$200K<br />
$180K<br />
$160K<br />
$140K<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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