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Inventory<br />

Months Supply of<br />

Inventory<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 />

Inventory (Active Listings)<br />

The number of property listings active at the end of<br />

the month<br />

Economists' note : There are a number of ways to calculate Inventory,<br />

so these numbers may not match up to others you see in your market.<br />

We calculate Inventory by counting the number of active listings on the<br />

last day of the month, and hold this number to compare with the same<br />

month the following year.<br />

Month<br />

Inventory<br />

Percent Change<br />

Year-over-Year<br />

June 2014 1,580 15.0%<br />

May 2014 1,562 14.5%<br />

April 2014 1,556 9.7%<br />

March 2014 1,538 11.3%<br />

February 2014 1,496 11.6%<br />

January 2014 1,477 10.4%<br />

December 2013 1,525 11.3%<br />

November 2013 1,489 4.6%<br />

October 2013 1,498 -2.5%<br />

September 2013 1,497 -9.1%<br />

August 2013 1,415 -17.5%<br />

July 2013 1,413 -19.9%<br />

June 2013 1,374 -26.0%<br />

2,700<br />

2010 2011 2012 2013<br />

2,200<br />

1,700<br />

1,200<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 />

Months Supply of Inventory<br />

An estimate of the number of months it will take to<br />

deplete the current Inventory given recent sales rates<br />

Economists' note : This is an indicator of the state of the market,<br />

whether it is a buyers' market or a sellers' market. The benchmark for<br />

a balanced market (favoring neither buyer nor seller) is 5.5 Months of<br />

Inventory. Higher numbers indicate a buyers' market, lower numbers<br />

a sellers' market.<br />

Month<br />

Months Supply<br />

Percent Change<br />

Year-over-Year<br />

June 2014 8.1 4.3%<br />

May 2014 8.1 4.2%<br />

April 2014 8.0 -4.0%<br />

March 2014 8.0 -2.2%<br />

February 2014 8.0 0.1%<br />

January 2014 7.9 -1.2%<br />

December 2013 8.2 -2.2%<br />

November 2013 8.0 -10.4%<br />

October 2013 8.1 -18.5%<br />

September 2013 8.1 -25.5%<br />

August 2013 7.7 -32.4%<br />

July 2013 7.9 -34.8%<br />

June 2013 7.7 -40.6%<br />

21.0<br />

2010 2011 2012 2013<br />

16.0<br />

11.0<br />

6.0<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 />

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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