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Quarterly Market Detail - Q2 2017
Townhouses and Condos
Bay County
Percent Change
Summary Statistics Q2 2017 Q2 2016
Year-over-Year
Closed Sales 469 378 24.1%
Paid in Cash 207 168 23.2%
Median Sale Price $219,000 $219,000 0.0%
Average Sale Price $234,377 $227,648 3.0%
Dollar Volume $109.9 Million $86.1 Million 27.7%
Median Percent of Original
95.7% 95.4% 0.3%
List Price Received
Median Time to Contract 61 Days 69 Days -11.6%
Median Time to Sale 90 Days 106 Days -15.1%
New Pending Sales 471 386 22.0%
New Listings 544 537 1.3%
Pending Inventory 168 137 22.6%
Inventory (Active Listings) 744 970 -23.3%
Months Supply of Inventory 6.0 8.7 -31.0%
Percent Change
Closed Sales Quarter Closed Sales Year-over-Year
Q2 2017 469 24.1%
The number of sales transactions which closed during Q1 2017 369 25.1%
the quarter Q4 2016 321 -3.3%
Q3 2016 336 1.2%
Economists' note : Closed Sales are one of the simplest—yet most Q2 2016 378 -10.0%
important—indicators for the residential real estate market. When Q1 2016 295 -22.6%
comparing Closed Sales across markets of different sizes, we Q4 2015 332 -2.4%
recommend comparing the percent changes in sales rather than the Q3 2015 332 -18.6%
number of sales. Closed Sales (and many other market metrics) are Q2 2015 420 8.2%
affected by seasonal cycles, so actual trends are more accurately Q1 2015 381 4.1%
represented by year-over-year changes (i.e. comparing a quarter's Q4 2014 340 -9.1%
sales to the amount of sales in the same quarter in the previous year), Q3 2014 408 -10.1%
rather than changes from one quarter to the next. Q2 2014 388 -16.9%
2013 2014 2015 2016
500
400
Closed Sales 300
200
100
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
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 Wednesday, August 9, 2017. Next quarterly data release is Thursday, November 2, 2017.
