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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

January 2020 281 4.1%

34.4%

99.3%

December 2019 305

November 2019 289

18.9%

May 2019 380

April 2019 349

7.6%

21.6%

27.7%

258.8%

20.6%

19.3%

0.3%

1.1%

March 2019 392

February 2019 290

July 2019 420

June 2019 368

October 2019 348

September 2019 357

August 2019 378

99.2% -3.0%

46 Days 33 Days 39.4%

February 2020

Median Time to Contract

93 Days

378

Median Time to Sale

New Pending Sales

New Listings

Month

420

Pending Inventory 515

Inventory (Active Listings) 1,199

Months Supply of Inventory 3.5

5.7%

352 7.4%

Percent Change

Year-over-Year

$215,000 24.2%

$83.4 Million $66.1 Million 26.2%

$277,964 $227,823 22.0%

February 2019Percent Change

Year-over-Year

75 90 -16.7%

300 290 3.4%

Summary Statistics

Closed Sales

Paid in Cash

96.2%

February 2020

$267,000Median Sale Price

Average Sale Price

Dollar Volume

Median Percent of Original

List Price Received

Year-to-Date 581 3.8%

3.4%

362 16.0%

Closed Sales

300

88 Days

538 -4.3%

868 38.1%

3.1 12.9%

2016 2017 2018 2019

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

Monthly Market Detail - February 2020

Bay County

Single Family Homes

Closed SalesThe number of sales transactions which closed duringthe month

0

100

200

300

400

500

Clo

sed

Sal

es

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

31.0% 51.2%

May 2019 34.2%

June 2019 93 6.9%

May 2019

100 38.9%

March 2019 123 64.0%

47.4%

April 2019 28.7%

Economists' note : This statistic is simply another way of viewing

Cash Sales. The remaining percentages of Closed Sales (i.e. those not

paid fully in cash) each month involved some sort of financing, such as

mortgages, owner/seller financing, assumed loans, etc.

Economists' note : Cash Sales can be a useful indicator of the extent to

which investors are participating in the market. Why? Investors are

far more likely to have the funds to purchase a home available up front,

whereas the typical homebuyer requires a mortgage or some other

form of financing. There are, of course, many possible exceptions, so

this statistic should be interpreted with care.

Year-to-Date 26.5% -21.8%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

March 2019 31.4% 28.7%

February 2019

February 2019 90 80.0%

April 2019

14.3%

October 2019 25.3% -1.9%

September 2019 24.1% 3.4%

August 2019 22.2% -9.8%

July 2019 21.9% 8.4%

June 2019 25.3% 6.8%

December 2019 22.6% -31.5%

November 2019 28.4% -25.1%

February 2020 25.0% -19.4%

January 2020 28.1% -24.1%

130 58.5%

82 49.1%

October 2019 88 252.0%

July 2019 92 29.6%

September 2019 86 24.6%

August 2019 84 -8.7%

November 2019

Month Cash SalesPercent Change

Year-over-Year

February 2020 75 -16.7%

January 2020 79 -21.0%

December 2019 69 -8.0%

Year-to-Date 154 -18.9%

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

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

0%

10%

20%

30%

40%

Pct

. of

Clo

sed

Sal

es

Pai

d in

Cas

h

0

20

40

60

80

100

120

140

Cas

h S

ale

sMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Single Family Homes

Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash

2016 2017 2018 2019

Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash Sales

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

14.4%$263,660Year-to-Date

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. Keep in mind

that median price trends over time are not always solely caused by

changes in the general value of local real estate. Median sale price only

reflects the values of the homes that sold each month, and the mix of

the types of homes that sell can change over time.

Economists' note : Usually, 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.March 2019 $230,629 -6.4%

February 2019 $227,823 -5.0%

May 2019 $240,713 -5.8%

April 2019 $235,187 -3.5%

October 2019 $254,680 -11.7%

September 2019 $270,891 2.9%

August 2019 $284,763 11.4%

July 2019 $252,428 -7.7%

June 2019 $258,764 -1.5%

December 2019 $271,117 11.8%

November 2019 $266,949 0.0%

February 2020 $277,964 22.0%

January 2020 $248,389 6.5%

February 2019 $215,000 4.9%

Month Average Sale PricePercent Change

Year-over-Year

April 2019 $221,000 3.8%

March 2019 $223,000 1.4%

June 2019 $230,013 2.9%

May 2019 $218,500 -0.7%

$238,025 3.5%

October 2019 $235,788 -3.8%

July 2019 $235,000 4.5%

January 2020 $225,000 7.1%

December 2019 $246,250 15.9%

September 2019 $242,000 5.2%

August 2019 $230,000 0.7%

November 2019

Month Median Sale PricePercent Change

Year-over-Year

February 2020 $267,000 24.2%

Year-to-Date $244,000 14.0%

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

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

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

Ave

rage

Sal

e P

rice

$0K

$50K

$100K

$150K

$200K

$250K

$300K

Me

dia

n S

ale

Pri

ceMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Single Family Homes

Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

2016 2017 2018 2019

Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

99.2% 3.3%

May 2019 98.3%

June 2019 $95.2 Million -1.2%

May 2019

$82.1 Million 17.4%

March 2019 $90.4 Million 19.5%

1.2%

April 2019 97.6%

Economists' note : The Median Percent of Original List Price Received

is useful as an indicator of market recovery, since it typically 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 has shifted from down to up, so it is what we would call a

lagging indicator.

Economists' note : Dollar Volume is simply the sum of all sale prices

in a given time period, and can quickly be calculated by multiplying

Closed Sales by Average Sale Price. It is a strong indicator of the health

of the real estate industry in a market, and is of particular interest to

real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely

be better served by paying attention to trends in the two components

of Dollar Volume (i.e. sales and prices) individually.

-2.9%95.9%Year-to-Date

MonthMed. Pct. of Orig.

List Price Received

Percent Change

Year-over-Year

March 2019 99.1% 2.4%

February 2019

February 2019 $66.1 Million 12.9%

April 2019

0.3%

October 2019 97.1% -0.5%

September 2019 97.7% 0.4%

August 2019 98.0% 1.2%

July 2019 98.2% 2.0%

June 2019 98.3% 0.9%

December 2019 97.0% -0.6%

November 2019 96.9% 0.6%

February 2020 96.2% -3.0%

January 2020 95.8% -2.5%

$91.5 Million 1.4%

November 2019 $77.1 Million 99.3%

October 2019 $88.6 Million 216.7%

September 2019 $96.7 Million 24.1%

August 2019 $107.6 Million 12.6%

July 2019 $106.0 Million 10.1%

January 2020 $69.8 Million 10.8%

December 2019 $82.7 Million 50.2%

Month Dollar VolumePercent Change

Year-over-Year

February 2020 $83.4 Million 26.2%

Year-to-Date $153.2 Million 18.7%

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

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

0%

20%

40%

60%

80%

100%

120%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed

Monthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Single Family Homes

Dollar VolumeThe sum of the sale prices for all sales which closed during the month

2016 2017 2018 2019

Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month

$0

$20 M

$40 M

$60 M

$80 M

$100 M

$120 M

Do

llar

Vo

lum

e

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

February 2019 88 Days -19.3%

Economists' note : Time to Sale is a measure of the length of the home

selling process, calculated as the number of days between the initial

listing of a property and the closing of the sale. Median Time to Sale 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. Median Time to Sale

gives a more accurate picture than Average Time to Sale, which can be

skewed upward by small numbers of properties taking an abnormally

long time to sell.

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

April 2019 62 Days -22.5%

March 2019 68 Days -29.9%

June 2019 74 Days -12.9%

May 2019 67 Days -17.3%

November 2019 69 Days -30.3%

October 2019 66 Days -25.8%

September 2019 79 Days -11.2%

August 2019 70 Days -17.6%

July 2019 72 Days -25.8%

January 2020 99 Days 10.0%

December 2019 84 Days -28.2%

Month Median Time to SalePercent Change

Year-over-Year

February 2020 93 Days 5.7%

9.0%97 DaysYear-to-Date

March 2019 22 Days -55.1%

February 2019 33 Days -52.9%

16 Days -57.9%

April 2019 21 Days -44.7%

May 2019

October 2019 21 Days -51.2%

September 2019 28 Days -26.3%

August 2019 22 Days -45.0%

July 2019 26 Days -43.5%

June 2019 22 Days -45.0%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

February 2020 46 Days 39.4%

43 Days 26.5%Year-to-Date

January 2020 42 Days 20.0%

December 2019 35 Days -39.7%

November 2019 23 Days -57.4%

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

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 F0

50

100

150

200

Me

dia

n T

ime

to

Sa

le

0

20

40

60

80

100

120

Me

dia

n T

ime

to

C

on

trac

tMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Single Family Homes

Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month

2016 2017 2018 2019

Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Year-to-Date 836 14.5%

March 2019 405 -10.2%

October 2019 474 276.2%

September 2019 460 45.6%

August 2019 479 7.9%

July 2019

February 2019 362 -0.5%

May 2019 527 18.7%

April 2019 462 12.7%

444 6.5%

June 2019 450 16.3%

December 2019 328 30.2%

November 2019 349 57.2%

February 2020 420 16.0%

January 2020 416 13.0%

February 2019 352 17.3%

Month New ListingsPercent Change

Year-over-Year

April 2019 390 9.6%

March 2019 394 11.3%

June 2019 437 15.0%

May 2019 408 2.0%

August 2019 388 7.2%

November 2019 275 9.1%

October 2019 320 117.7%

-2.6%

December 2019 224 -10.0%

September 2019 304 15.2%

Economists' note : New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

Economists' note : Because of the typical length of time it takes for a

sale to close, economists consider Pending Sales to be a decent

indicator of potential future Closed Sales. It is important to bear in

mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed

Sales is susceptible to changes in market conditions such as the

availability of financing for homebuyers and the inventory of

distressed properties for sale.

Month New Pending SalesPercent Change

Year-over-Year

February 2020 378 7.4%

Year-to-Date 747 2.2%

July 2019 398 10.9%

January 2020 369

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

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

0

100

200

300

400

500

600

Ne

w L

isti

ngs

0

100

200

300

400

500

Pe

nd

ing

Sale

sMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Single Family Homes

New Pending SalesThe number of listed properties that went under contract during the month

2016 2017 2018 2019

New ListingsThe number of properties put onto the market during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

January 2020 1,150 27.2%

December 2019 1,085 24.6%

Month InventoryPercent Change

Year-over-Year

February 2020 1,199 38.1%

1,175 32.6%YTD (Monthly Avg)

28.8%

October 2019 1,170 7.5%

September 2019 1,068 -14.6%

November 2019 1,213

991 -22.5%

August 2019 1,042 -19.0%

July 2019 979 -19.6%

June 2019 956 -20.1%

May 2019

February 2020 3.5 12.9%

January 2020 3.3 0.0%

December 2019 3.1 -3.1%

November 2019 3.6 5.9%

October 2019 3.6 -7.7%

September 2019 3.5 -16.7%

August 2019 3.5 -20.5%

July 2019 3.3 -21.4%

-32.6%

June 2019 3.2 -23.8%

May 2019 3.4 -24.4%

February 2019 868 -24.6%

April 2019 886 -30.0%

March 2019 844 -29.1%

Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

Economists' note : MSI is a useful indicator of market conditions. The

benchmark for a balanced market (favoring neither buyer nor seller) is

5.5 months of inventory. Anything higher is traditionally a buyers'

market, and anything lower is a sellers' market. There is no single

accepted way of calculating MSI. A common method is to divide

current Inventory by the most recent month's Closed Sales count, but

this count is a usually poor predictor of future Closed Sales due to

seasonal cycles. To eliminate seasonal effects, we use the 12-month

average of monthly Closed Sales instead.

YTD (Monthly Avg) 3.4 6.2%

Month Months SupplyPercent Change

Year-over-Year

February 2019 3.1 -24.4%

April 2019 3.0 -33.3%

March 2019 2.9

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

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

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

Mo

nth

s Su

pp

ly o

f In

ven

tory

0

500

1,000

1,500

2,000

Inve

nto

ryMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Single Family Homes

Inventory (Active Listings)The number of property listings active at the end of the month

2016 2017 2018 2019

Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

$100,000 - $149,999 17 -29.2%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 7 -68.2%

$50,000 - $99,999 19 -20.8%

$150,000 - $199,999 39 -27.8%

$200,000 - $249,999 55 -9.8%

$50,000 - $99,999 28 Days 250.0%

$100,000 - $149,999

$400,000 - $599,999 17 6.3%

$600,000 - $999,999 6 200.0%

36 Days 176.9%

Economists' note: Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 18 Days 200.0%

$1,000,000 or more 3 200.0%

$250,000 - $299,999 64 64.1%

$300,000 - $399,999 73 55.3%

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

$150,000 - $199,999 38 Days -11.6%

$200,000 - $249,999 29 Days -27.5%

$250,000 - $299,999

$400,000 - $599,999 41 Days 115.8%

94 Days 118.6%

$300,000 - $399,999 58 Days -18.3%

$600,000 - $999,999 150 Days 158.6%

$1,000,000 or more 7 Days 250.0%

0

20

40

60

80

100

120

140

160

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

n T

ime

to

Co

ntr

act

February 2019 February 2020

0

20

40

60

80

100

120

140

160

0

10

20

30

40

50

60

70

80

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es

February 2019 February 2020

0

10

20

30

40

50

60

70

80

Monthly Market Detail - February 2020

Bay County

Single Family Homes

Closed Sales by Sale PriceThe number of sales transactions which closed during the month

Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 12 -52.0%

$50,000 - $99,999 19 -47.2%

$100,000 - $149,999 23 15.0%

Economists' note: New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

$150,000 - $199,999 75 11.9%

$200,000 - $249,999 71 26.8%

$250,000 - $299,999 63 5.0%

$300,000 - $399,999 99 86.8%

$400,000 - $599,999 40 29.0%

$600,000 - $999,999 11 83.3%

$1,000,000 or more 7 -12.5%

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 13 -40.9%

$50,000 - $99,999 42 5.0%

$100,000 - $149,999 66 78.4%

Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

$150,000 - $199,999 182 82.0%

$200,000 - $249,999 207 76.9%

$250,000 - $299,999 208 50.7%

$300,000 - $399,999 243 26.6%

$400,000 - $599,999 117 2.6%

$600,000 - $999,999 67 34.0%

$1,000,000 or more 54 -6.9%

0

50

100

150

200

250

300

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry

February 2019 February 2020

0

20

40

60

80

100

120

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs

February 2019 February 2020

0

50

100

150

200

250

300

0

20

40

60

80

100

120

Monthly Market Detail - February 2020

Bay County

Single Family Homes

New Listings by Initial Listing PriceThe number of properties put onto the market during the month

Inventory by Current Listing PriceThe number of property listings active at the end of the month

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

February 2020 February 2019Percent Change

Year-over-Year

Traditional

298 279 6.8%

$268,439 $219,000 22.6%

Foreclosure/REO

2 10 -80.0%

$51,750 $177,210 -70.8%

Short Sale

0 1 -100.0%

(No Sales) $158,000 N/A

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

$400K

$450K

$500K

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale

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

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

Monthly Distressed Market - February 2020

Bay CountySingle Family Homes

2016 2017 2018 2019

2016 2017 2018 2019

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

January 2020 140 57.3%

57.0%

52.2%

December 2019 124

November 2019 140

-27.9%

May 2019 194

April 2019 153

4.3%

-21.1%

-26.2%

55.4%

17.5%

-18.7%

-21.9%

-6.7%

March 2019 149

February 2019 101

July 2019 135

June 2019 139

October 2019 143

September 2019 148

August 2019 166

97.1% -0.5%

70 Days 45 Days 55.6%

February 2020

Median Time to Contract

105 Days

170

Median Time to Sale

New Pending Sales

New Listings

Month

171

Pending Inventory 411

Inventory (Active Listings) 733

Months Supply of Inventory 5.0

38.2%

160 6.3%

Percent Change

Year-over-Year

$252,500 7.7%

$39.0 Million $26.7 Million 45.9%

$302,353 $264,769 14.2%

February 2019Percent Change

Year-over-Year

54 48 12.5%

129 101 27.7%

Summary Statistics

Closed Sales

Paid in Cash

96.6%

February 2020

$272,000Median Sale Price

Average Sale Price

Dollar Volume

Median Percent of Original

List Price Received

Year-to-Date 269 41.6%

27.7%

172 -0.6%

Closed Sales

129

76 Days

327 25.7%

729 0.5%

5.2 -3.8%

2016 2017 2018 2019

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

Monthly Market Detail - February 2020

Bay County

Townhouses and Condos

Closed SalesThe number of sales transactions which closed duringthe month

0

50

100

150

200

250

Clo

sed

Sal

es

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

47.5% -7.6%

May 2019 38.1%

June 2019 61 -32.2%

May 2019

69 -26.6%

March 2019 79 -27.5%

-18.6%

April 2019 45.1%

Economists' note : This statistic is simply another way of viewing

Cash Sales. The remaining percentages of Closed Sales (i.e. those not

paid fully in cash) each month involved some sort of financing, such as

mortgages, owner/seller financing, assumed loans, etc.

Economists' note : Cash Sales can be a useful indicator of the extent to

which investors are participating in the market. Why? Investors are

far more likely to have the funds to purchase a home available up front,

whereas the typical homebuyer requires a mortgage or some other

form of financing. There are, of course, many possible exceptions, so

this statistic should be interpreted with care.

Year-to-Date 44.2% -19.2%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

March 2019 53.0% -1.9%

February 2019

February 2019 48 -33.3%

April 2019

-7.0%

October 2019 32.2% -37.0%

September 2019 33.1% -34.8%

August 2019 40.4% -7.8%

July 2019 33.3% -26.3%

June 2019 43.9% -13.2%

December 2019 38.7% -7.4%

November 2019 37.9% -0.3%

February 2020 41.9% -11.8%

January 2020 46.4% -26.2%

74 -14.9%

53 51.4%

October 2019 46 -2.1%

July 2019 45 -40.0%

September 2019 49 -23.4%

August 2019 67 -14.1%

November 2019

Month Cash SalesPercent Change

Year-over-Year

February 2020 54 12.5%

January 2020 65 16.1%

December 2019 48 45.5%

Year-to-Date 119 14.4%

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

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

0%

10%

20%

30%

40%

50%

60%

70%

Pct

. of

Clo

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Pai

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Cas

h

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20

40

60

80

100

120

Cas

h S

ale

sMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Townhouses and Condos

Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash

2016 2017 2018 2019

Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash Sales

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

9.2%$296,338Year-to-Date

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. Keep in mind

that median price trends over time are not always solely caused by

changes in the general value of local real estate. Median sale price only

reflects the values of the homes that sold each month, and the mix of

the types of homes that sell can change over time.

Economists' note : Usually, 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.March 2019 $285,103 1.2%

February 2019 $264,769 10.5%

May 2019 $272,379 3.6%

April 2019 $275,875 4.7%

October 2019 $278,643 1.0%

September 2019 $282,578 -2.2%

August 2019 $287,472 8.2%

July 2019 $287,583 7.1%

June 2019 $249,981 -6.0%

December 2019 $273,917 7.4%

November 2019 $287,743 -6.7%

February 2020 $302,353 14.2%

January 2020 $290,796 4.4%

February 2019 $252,500 14.8%

Month Average Sale PricePercent Change

Year-over-Year

April 2019 $249,000 1.6%

March 2019 $257,500 -4.8%

June 2019 $228,000 -4.3%

May 2019 $238,500 0.6%

$261,000 -2.3%

October 2019 $265,000 0.4%

July 2019 $240,000 -2.0%

January 2020 $255,500 -5.4%

December 2019 $245,000 2.9%

September 2019 $263,000 -5.9%

August 2019 $261,000 8.8%

November 2019

Month Median Sale PricePercent Change

Year-over-Year

February 2020 $272,000 7.7%

Year-to-Date $265,000 2.7%

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

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

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

Ave

rage

Sal

e P

rice

$0K

$50K

$100K

$150K

$200K

$250K

$300K

Me

dia

n S

ale

Pri

ceMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Townhouses and Condos

Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

2016 2017 2018 2019

Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

97.1% 0.7%

May 2019 98.0%

June 2019 $34.7 Million -26.6%

May 2019

$42.2 Million -17.4%

March 2019 $42.5 Million -25.4%

0.7%

April 2019 97.0%

Economists' note : The Median Percent of Original List Price Received

is useful as an indicator of market recovery, since it typically 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 has shifted from down to up, so it is what we would call a

lagging indicator.

Economists' note : Dollar Volume is simply the sum of all sale prices

in a given time period, and can quickly be calculated by multiplying

Closed Sales by Average Sale Price. It is a strong indicator of the health

of the real estate industry in a market, and is of particular interest to

real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely

be better served by paying attention to trends in the two components

of Dollar Volume (i.e. sales and prices) individually.

0.5%96.7%Year-to-Date

MonthMed. Pct. of Orig.

List Price Received

Percent Change

Year-over-Year

March 2019 97.2% 0.4%

February 2019

February 2019 $26.7 Million -20.3%

April 2019

0.5%

October 2019 97.2% -0.1%

September 2019 97.0% 0.1%

August 2019 97.1% -0.1%

July 2019 96.9% -0.1%

June 2019 97.9% 0.2%

December 2019 96.0% -1.5%

November 2019 97.3% 0.1%

February 2020 96.6% -0.5%

January 2020 96.9% 1.8%

$52.8 Million 8.1%

November 2019 $40.3 Million 42.0%

October 2019 $39.8 Million 56.9%

September 2019 $41.8 Million 14.8%

August 2019 $47.7 Million 0.9%

July 2019 $38.8 Million -12.9%

January 2020 $40.7 Million 64.2%

December 2019 $34.0 Million 68.6%

Month Dollar VolumePercent Change

Year-over-Year

February 2020 $39.0 Million 45.9%

Year-to-Date $79.7 Million 54.7%

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

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

0%

20%

40%

60%

80%

100%

120%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed

Monthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Townhouses and Condos

Dollar VolumeThe sum of the sale prices for all sales which closed during the month

2016 2017 2018 2019

Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month

$0

$10 M

$20 M

$30 M

$40 M

$50 M

$60 M

Do

llar

Vo

lum

e

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

February 2019 76 Days -13.6%

Economists' note : Time to Sale is a measure of the length of the home

selling process, calculated as the number of days between the initial

listing of a property and the closing of the sale. Median Time to Sale 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. Median Time to Sale

gives a more accurate picture than Average Time to Sale, which can be

skewed upward by small numbers of properties taking an abnormally

long time to sell.

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

April 2019 74 Days 29.8%

March 2019 57 Days -19.7%

June 2019 91 Days 42.2%

May 2019 74 Days 13.8%

November 2019 63 Days -26.7%

October 2019 71 Days 9.2%

September 2019 75 Days 23.0%

August 2019 101 Days 31.2%

July 2019 123 Days 51.9%

January 2020 87 Days 10.1%

December 2019 82 Days 5.1%

Month Median Time to SalePercent Change

Year-over-Year

February 2020 105 Days 38.2%

18.2%91 DaysYear-to-Date

March 2019 21 Days -51.2%

February 2019 45 Days -27.4%

43 Days 38.7%

April 2019 35 Days 34.6%

May 2019

October 2019 30 Days 3.4%

September 2019 36 Days 71.4%

August 2019 68 Days 70.0%

July 2019 83 Days 102.4%

June 2019 55 Days 52.8%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

February 2020 70 Days 55.6%

56 Days 21.7%Year-to-Date

January 2020 38 Days -24.0%

December 2019 37 Days 12.1%

November 2019 33 Days -29.8%

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

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 F0

50

100

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200

Me

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Sa

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0

20

40

60

80

100

120

Me

dia

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to

C

on

trac

tMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Townhouses and Condos

Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month

2016 2017 2018 2019

Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Year-to-Date 355 -12.6%

March 2019 198 -21.4%

October 2019 177 181.0%

September 2019 203 36.2%

August 2019 228 -8.4%

July 2019

February 2019 172 -2.8%

May 2019 145 -52.0%

April 2019 197 -27.0%

182 1.1%

June 2019 171 19.6%

December 2019 143 -8.9%

November 2019 151 -31.7%

February 2020 171 -0.6%

January 2020 184 -21.4%

February 2019 160 -13.0%

Month New ListingsPercent Change

Year-over-Year

April 2019 154 -30.3%

March 2019 204 1.0%

June 2019 176 -8.3%

May 2019 198 -28.8%

August 2019 177 -20.3%

November 2019 111 -4.3%

October 2019 189 125.0%

35.6%

December 2019 144 -25.8%

September 2019 144 5.1%

Economists' note : New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

Economists' note : Because of the typical length of time it takes for a

sale to close, economists consider Pending Sales to be a decent

indicator of potential future Closed Sales. It is important to bear in

mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed

Sales is susceptible to changes in market conditions such as the

availability of financing for homebuyers and the inventory of

distressed properties for sale.

Month New Pending SalesPercent Change

Year-over-Year

February 2020 170 6.3%

Year-to-Date 349 19.5%

July 2019 185 6.9%

January 2020 179

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

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

0

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100

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350

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100

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300

Pe

nd

ing

Sale

sMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Townhouses and Condos

New Pending SalesThe number of listed properties that went under contract during the month

2016 2017 2018 2019

New ListingsThe number of properties put onto the market during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

January 2020 740 -0.3%

December 2019 742 23.9%

Month InventoryPercent Change

Year-over-Year

February 2020 733 0.5%

737 0.1%YTD (Monthly Avg)

21.2%

October 2019 746 52.2%

September 2019 765 40.1%

November 2019 772

695 2.4%

August 2019 766 25.2%

July 2019 737 38.3%

June 2019 688 31.5%

May 2019

February 2020 5.0 -3.8%

January 2020 5.1 -1.9%

December 2019 5.3 29.3%

November 2019 5.7 32.6%

October 2019 5.6 75.0%

September 2019 6.0 71.4%

August 2019 6.1 56.4%

July 2019 5.8 70.6%

32.5%

June 2019 5.3 55.9%

May 2019 5.2 18.2%

February 2019 729 22.9%

April 2019 793 18.0%

March 2019 717 23.2%

Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

Economists' note : MSI is a useful indicator of market conditions. The

benchmark for a balanced market (favoring neither buyer nor seller) is

5.5 months of inventory. Anything higher is traditionally a buyers'

market, and anything lower is a sellers' market. There is no single

accepted way of calculating MSI. A common method is to divide

current Inventory by the most recent month's Closed Sales count, but

this count is a usually poor predictor of future Closed Sales due to

seasonal cycles. To eliminate seasonal effects, we use the 12-month

average of monthly Closed Sales instead.

YTD (Monthly Avg) 5.1 -1.9%

Month Months SupplyPercent Change

Year-over-Year

February 2019 5.2 26.8%

April 2019 6.0 33.3%

March 2019 5.3

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

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

0.0

2.0

4.0

6.0

8.0

10.0

Mo

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200

400

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800

1,000

1,200

Inve

nto

ryMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Townhouses and Condos

Inventory (Active Listings)The number of property listings active at the end of the month

2016 2017 2018 2019

Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

$100,000 - $149,999 16 -20.0%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 0 N/A

$50,000 - $99,999 1 -66.7%

$150,000 - $199,999 15 -16.7%

$200,000 - $249,999 24 166.7%

$50,000 - $99,999 36 Days -67.6%

$100,000 - $149,999

$400,000 - $599,999 19 72.7%

$600,000 - $999,999 2 100.0%

15 Days -6.3%

Economists' note: Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 (No Sales) N/A

$1,000,000 or more 1 N/A

$250,000 - $299,999 20 33.3%

$300,000 - $399,999 31 29.2%

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

$150,000 - $199,999 66 Days 94.1%

$200,000 - $249,999 72 Days -62.5%

$250,000 - $299,999

$400,000 - $599,999 79 Days 426.7%

36 Days -72.5%

$300,000 - $399,999 116 Days 127.5%

$600,000 - $999,999 119 Days -55.8%

$1,000,000 or more 575 Days N/A

0

100

200

300

400

500

600

700

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

n T

ime

to

Co

ntr

act

February 2019 February 2020

0

100

200

300

400

500

600

700

0

5

10

15

20

25

30

35

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es

February 2019 February 2020

0

5

10

15

20

25

30

35

Monthly Market Detail - February 2020

Bay County

Townhouses and Condos

Closed Sales by Sale PriceThe number of sales transactions which closed during the month

Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 0 N/A

$50,000 - $99,999 2 100.0%

$100,000 - $149,999 10 -37.5%

Economists' note: New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

$150,000 - $199,999 32 14.3%

$200,000 - $249,999 28 75.0%

$250,000 - $299,999 28 33.3%

$300,000 - $399,999 33 -23.3%

$400,000 - $599,999 25 -19.4%

$600,000 - $999,999 12 -25.0%

$1,000,000 or more 1 N/A

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 0 N/A

$50,000 - $99,999 10 400.0%

$100,000 - $149,999 30 0.0%

Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

$150,000 - $199,999 97 27.6%

$200,000 - $249,999 88 29.4%

$250,000 - $299,999 67 -5.6%

$300,000 - $399,999 186 -6.5%

$400,000 - $599,999 188 2.2%

$600,000 - $999,999 60 -33.3%

$1,000,000 or more 7 -22.2%

0

50

100

150

200

250

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry

February 2019 February 2020

05

101520253035404550

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs

February 2019 February 2020

0

50

100

150

200

250

05101520253035404550

Monthly Market Detail - February 2020

Bay County

Townhouses and Condos

New Listings by Initial Listing PriceThe number of properties put onto the market during the month

Inventory by Current Listing PriceThe number of property listings active at the end of the month

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

February 2020 February 2019Percent Change

Year-over-Year

Traditional

128 101 26.7%

$273,500 $252,500 8.3%

Foreclosure/REO

1 0 N/A

$158,000 (No Sales) N/A

Short Sale

0 0 N/A

(No Sales) (No Sales) N/A

$0K

$100K

$200K

$300K

$400K

$500K

$600K

$700K

Me

dia

n S

ale

Pri

ce

88%

90%

92%

94%

96%

98%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale

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

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

Monthly Distressed Market - February 2020

Bay CountyTownhouses and Condos

2016 2017 2018 2019

2016 2017 2018 2019

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

January 2020 17 6.3%

-42.1%

42.9%

December 2019 11

November 2019 20

108.3%

May 2019 27

April 2019 31

-15.6%

0.0%

-43.3%

114.3%

108.3%

-30.0%

27.8%

-30.8%

March 2019 17

February 2019 25

July 2019 21

June 2019 23

October 2019 15

September 2019 25

August 2019 18

85.3% 10.8%

52 Days 57 Days -8.8%

February 2020

Median Time to Contract

101 Days

13

Median Time to Sale

New Pending Sales

New Listings

Month

28

Pending Inventory 25

Inventory (Active Listings) 88

Months Supply of Inventory 4.3

31.2%

23 -43.5%

Percent Change

Year-over-Year

$89,900 33.4%

$2.3 Million $2.3 Million 0.0%

$120,753 $91,736 31.6%

February 2019Percent Change

Year-over-Year

10 13 -23.1%

19 25 -24.0%

Summary Statistics

Closed Sales

Paid in Cash

94.5%

February 2020

$119,900Median Sale Price

Average Sale Price

Dollar Volume

Median Percent of Original

List Price Received

Year-to-Date 36 -12.2%

-24.0%

35 -20.0%

Closed Sales

19

77 Days

34 -26.5%

68 29.4%

3.1 38.7%

2016 2017 2018 2019

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

Monthly Market Detail - February 2020

Bay County

Manufactured Homes

Closed SalesThe number of sales transactions which closed duringthe month

0

5

10

15

20

25

30

35

Clo

sed

Sal

es

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

52.0% -30.7%

May 2019 77.8%

June 2019 13 30.0%

May 2019

17 0.0%

March 2019 13 -27.8%

8.2%

April 2019 54.8%

Economists' note : This statistic is simply another way of viewing

Cash Sales. The remaining percentages of Closed Sales (i.e. those not

paid fully in cash) each month involved some sort of financing, such as

mortgages, owner/seller financing, assumed loans, etc.

Economists' note : Cash Sales can be a useful indicator of the extent to

which investors are participating in the market. Why? Investors are

far more likely to have the funds to purchase a home available up front,

whereas the typical homebuyer requires a mortgage or some other

form of financing. There are, of course, many possible exceptions, so

this statistic should be interpreted with care.

Year-to-Date 50.0% 8.0%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

March 2019 76.5% 27.5%

February 2019

February 2019 13 44.4%

April 2019

0.0%

October 2019 53.3% -25.4%

September 2019 60.0% 43.9%

August 2019 38.9% -22.2%

July 2019 47.6% -10.7%

June 2019 56.5% 1.6%

December 2019 36.4% -50.6%

November 2019 70.0% 22.6%

February 2020 52.6% 1.2%

January 2020 47.1% 25.6%

21 -8.7%

14 75.0%

October 2019 8 60.0%

July 2019 10 -37.5%

September 2019 15 200.0%

August 2019 7 -46.2%

November 2019

Month Cash SalesPercent Change

Year-over-Year

February 2020 10 -23.1%

January 2020 8 33.3%

December 2019 4 -71.4%

Year-to-Date 18 -5.3%

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

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

0%

20%

40%

60%

80%

100%

Pct

. of

Clo

sed

Sal

es

Pai

d in

Cas

h

0

5

10

15

20

25

Cas

h S

ale

sMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Manufactured Homes

Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash

2016 2017 2018 2019

Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash Sales

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

13.7%$108,853Year-to-Date

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. Keep in mind

that median price trends over time are not always solely caused by

changes in the general value of local real estate. Median sale price only

reflects the values of the homes that sold each month, and the mix of

the types of homes that sell can change over time.

Economists' note : Usually, 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.March 2019 $89,850 -8.8%

February 2019 $91,736 5.5%

May 2019 $86,146 -13.8%

April 2019 $101,274 -4.3%

October 2019 $103,527 30.6%

September 2019 $114,576 37.9%

August 2019 $122,651 29.9%

July 2019 $114,521 15.7%

June 2019 $95,696 -4.7%

December 2019 $126,991 29.8%

November 2019 $89,375 12.5%

February 2020 $120,753 31.6%

January 2020 $95,553 -6.2%

February 2019 $89,900 9.6%

Month Average Sale PricePercent Change

Year-over-Year

April 2019 $101,000 -1.0%

March 2019 $92,500 -11.3%

June 2019 $95,000 6.1%

May 2019 $75,000 -11.0%

$54,000 -22.8%

October 2019 $106,000 63.1%

July 2019 $124,000 35.1%

January 2020 $89,900 -18.6%

December 2019 $123,500 37.4%

September 2019 $118,000 34.9%

August 2019 $114,500 27.2%

November 2019

Month Median Sale PricePercent Change

Year-over-Year

February 2020 $119,900 33.4%

Year-to-Date $105,000 5.0%

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

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

$0K

$20K

$40K

$60K

$80K

$100K

$120K

$140K

Ave

rage

Sal

e P

rice

$0K

$20K

$40K

$60K

$80K

$100K

$120K

$140K

Me

dia

n S

ale

Pri

ceMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Manufactured Homes

Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

2016 2017 2018 2019

Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

85.3% -6.2%

May 2019 91.4%

June 2019 $2.2 Million 21.8%

May 2019

$3.1 Million -4.3%

March 2019 $1.5 Million -48.3%

0.4%

April 2019 92.3%

Economists' note : The Median Percent of Original List Price Received

is useful as an indicator of market recovery, since it typically 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 has shifted from down to up, so it is what we would call a

lagging indicator.

Economists' note : Dollar Volume is simply the sum of all sale prices

in a given time period, and can quickly be calculated by multiplying

Closed Sales by Average Sale Price. It is a strong indicator of the health

of the real estate industry in a market, and is of particular interest to

real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely

be better served by paying attention to trends in the two components

of Dollar Volume (i.e. sales and prices) individually.

3.1%93.2%Year-to-Date

MonthMed. Pct. of Orig.

List Price Received

Percent Change

Year-over-Year

March 2019 93.3% -2.1%

February 2019

February 2019 $2.3 Million 119.8%

April 2019

0.4%

October 2019 86.5% -9.6%

September 2019 91.9% 4.2%

August 2019 93.8% -1.4%

July 2019 90.8% 0.6%

June 2019 91.9% 0.1%

December 2019 97.4% 12.5%

November 2019 91.7% 0.0%

February 2020 94.5% 10.8%

January 2020 93.0% -1.5%

$2.3 Million -27.3%

November 2019 $1.8 Million 60.7%

October 2019 $1.6 Million 179.9%

September 2019 $2.9 Million 187.3%

August 2019 $2.2 Million -10.1%

July 2019 $2.4 Million -19.0%

January 2020 $1.6 Million -0.4%

December 2019 $1.4 Million -24.9%

Month Dollar VolumePercent Change

Year-over-Year

February 2020 $2.3 Million 0.0%

Year-to-Date $3.9 Million -0.1%

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

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

0%

20%

40%

60%

80%

100%

120%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed

Monthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Manufactured Homes

Dollar VolumeThe sum of the sale prices for all sales which closed during the month

2016 2017 2018 2019

Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month

$0

$500,000

$1.0 M

$1.5 M

$2.0 M

$2.5 M

$3.0 M

$3.5 M

Do

llar

Vo

lum

e

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

February 2019 77 Days -28.0%

Economists' note : Time to Sale is a measure of the length of the home

selling process, calculated as the number of days between the initial

listing of a property and the closing of the sale. Median Time to Sale 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. Median Time to Sale

gives a more accurate picture than Average Time to Sale, which can be

skewed upward by small numbers of properties taking an abnormally

long time to sell.

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

April 2019 75 Days 29.3%

March 2019 46 Days -13.2%

June 2019 55 Days -53.0%

May 2019 64 Days -7.2%

November 2019 39 Days -70.2%

October 2019 87 Days -17.1%

September 2019 71 Days -22.0%

August 2019 71 Days 12.7%

July 2019 66 Days -38.9%

January 2020 70 Days -30.0%

December 2019 86 Days -5.5%

Month Median Time to SalePercent Change

Year-over-Year

February 2020 101 Days 31.2%

2.6%80 DaysYear-to-Date

March 2019 27 Days 28.6%

February 2019 57 Days 29.5%

38 Days 8.6%

April 2019 18 Days -25.0%

May 2019

October 2019 45 Days 462.5%

September 2019 23 Days -57.4%

August 2019 30 Days 30.4%

July 2019 19 Days -56.8%

June 2019 32 Days -42.9%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

February 2020 52 Days -8.8%

48 Days -22.6%Year-to-Date

January 2020 44 Days -38.9%

December 2019 54 Days 54.3%

November 2019 18 Days -76.6%

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

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 F0

50

100

150

200

Me

dia

n T

ime

to

Sa

le

0

50

100

150

200

Me

dia

n T

ime

to

C

on

trac

tMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Manufactured Homes

Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month

2016 2017 2018 2019

Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Year-to-Date 47 -14.5%

March 2019 32 -20.0%

October 2019 40 185.7%

September 2019 26 0.0%

August 2019 18 -45.5%

July 2019

February 2019 35 29.6%

May 2019 24 -11.1%

April 2019 34 36.0%

32 -11.1%

June 2019 26 -13.3%

December 2019 23 27.8%

November 2019 23 15.0%

February 2020 28 -20.0%

January 2020 19 -5.0%

February 2019 23 -17.9%

Month New ListingsPercent Change

Year-over-Year

April 2019 28 0.0%

March 2019 25 -24.2%

June 2019 22 22.2%

May 2019 28 -6.7%

August 2019 21 5.0%

November 2019 16 -40.7%

October 2019 17 30.8%

36.4%

December 2019 20 5.3%

September 2019 18 -10.0%

Economists' note : New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

Economists' note : Because of the typical length of time it takes for a

sale to close, economists consider Pending Sales to be a decent

indicator of potential future Closed Sales. It is important to bear in

mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed

Sales is susceptible to changes in market conditions such as the

availability of financing for homebuyers and the inventory of

distressed properties for sale.

Month New Pending SalesPercent Change

Year-over-Year

February 2020 13 -43.5%

Year-to-Date 43 -4.4%

July 2019 23 -28.1%

January 2020 30

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

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

0

10

20

30

40

50

Ne

w L

isti

ngs

0

10

20

30

40

Pe

nd

ing

Sale

sMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Manufactured Homes

New Pending SalesThe number of listed properties that went under contract during the month

2016 2017 2018 2019

New ListingsThe number of properties put onto the market during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

January 2020 70 18.6%

December 2019 81 26.6%

Month InventoryPercent Change

Year-over-Year

February 2020 88 29.4%

79 23.4%YTD (Monthly Avg)

38.2%

October 2019 85 4.9%

September 2019 66 -25.8%

November 2019 94

56 -26.3%

August 2019 63 -30.0%

July 2019 68 -18.1%

June 2019 56 -30.0%

May 2019

February 2020 4.3 38.7%

January 2020 3.4 17.2%

December 2019 3.9 25.8%

November 2019 4.4 41.9%

October 2019 4.1 10.8%

September 2019 3.3 -13.2%

August 2019 3.3 -10.8%

July 2019 3.4 -2.9%

-19.0%

June 2019 2.7 -22.9%

May 2019 2.8 -15.2%

February 2019 68 -22.7%

April 2019 68 -19.0%

March 2019 71 -19.3%

Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

Economists' note : MSI is a useful indicator of market conditions. The

benchmark for a balanced market (favoring neither buyer nor seller) is

5.5 months of inventory. Anything higher is traditionally a buyers'

market, and anything lower is a sellers' market. There is no single

accepted way of calculating MSI. A common method is to divide

current Inventory by the most recent month's Closed Sales count, but

this count is a usually poor predictor of future Closed Sales due to

seasonal cycles. To eliminate seasonal effects, we use the 12-month

average of monthly Closed Sales instead.

YTD (Monthly Avg) 3.9 30.0%

Month Months SupplyPercent Change

Year-over-Year

February 2019 3.1 -26.2%

April 2019 3.3 -15.4%

March 2019 3.4

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

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

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

Mo

nth

s Su

pp

ly o

f In

ven

tory

0

20

40

60

80

100

120

140

Inve

nto

ryMonthly Market Detail - February 2020

2016 2017 2018 2019

Bay County

Manufactured Homes

Inventory (Active Listings)The number of property listings active at the end of the month

2016 2017 2018 2019

Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

$100,000 - $149,999 7 -30.0%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 3 -40.0%

$50,000 - $99,999 3 -62.5%

$150,000 - $199,999 5 150.0%

$200,000 - $249,999 1 N/A

$50,000 - $99,999 105 Days 64.1%

$100,000 - $149,999

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

33 Days -63.3%

Economists' note: Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 3 Days -62.5%

$1,000,000 or more 0 N/A

$250,000 - $299,999 0 N/A

$300,000 - $399,999 0 N/A

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

$150,000 - $199,999 142 Days 7.6%

$200,000 - $249,999 17 Days N/A

$250,000 - $299,999

$400,000 - $599,999 (No Sales) N/A

(No Sales) N/A

$300,000 - $399,999 (No Sales) N/A

$600,000 - $999,999 (No Sales) N/A

$1,000,000 or more (No Sales) N/A

0

20

40

60

80

100

120

140

160

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

n T

ime

to

Co

ntr

act

February 2019 February 2020

0

20

40

60

80

100

120

140

160

0

2

4

6

8

10

12

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es

February 2019 February 2020

0

2

4

6

8

10

12

Monthly Market Detail - February 2020

Bay County

Manufactured Homes

Closed Sales by Sale PriceThe number of sales transactions which closed during the month

Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 3 -66.7%

$50,000 - $99,999 5 -44.4%

$100,000 - $149,999 11 -8.3%

Economists' note: New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

$150,000 - $199,999 7 133.3%

$200,000 - $249,999 1 0.0%

$250,000 - $299,999 1 0.0%

$300,000 - $399,999 0 N/A

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

$1,000,000 or more 0 N/A

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 9 -30.8%

$50,000 - $99,999 28 33.3%

$100,000 - $149,999 26 44.4%

Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

$150,000 - $199,999 17 54.5%

$200,000 - $249,999 5 66.7%

$250,000 - $299,999 2 0.0%

$300,000 - $399,999 1 N/A

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

$1,000,000 or more 0 N/A

0

5

10

15

20

25

30

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry

February 2019 February 2020

0

2

4

6

8

10

12

14

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs

February 2019 February 2020

0

5

10

15

20

25

30

0

2

4

6

8

10

12

14

Monthly Market Detail - February 2020

Bay County

Manufactured Homes

New Listings by Initial Listing PriceThe number of properties put onto the market during the month

Inventory by Current Listing PriceThe number of property listings active at the end of the month

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

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 Friday, March 20, 2020. Next data release is Tuesday, April 21, 2020.

February 2020 February 2019Percent Change

Year-over-Year

Traditional

17 24 -29.2%

$130,000 $94,950 36.9%

Foreclosure/REO

2 1 100.0%

$104,950 $70,500 48.9%

Short Sale

0 0 N/A

(No Sales) (No Sales) N/A

$0K

$20K

$40K

$60K

$80K

$100K

$120K

$140K

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale

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

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

Monthly Distressed Market - February 2020

Bay CountyManufactured Homes

2016 2017 2018 2019

2016 2017 2018 2019