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Quarterly Market Detail - Q2 2017
Townhouses and Condos
Okaloosa County
Percent Change
Summary Statistics Q2 2017 Q2 2016
Year-over-Year
Closed Sales 293 228 28.5%
Paid in Cash 131 115 13.9%
Median Sale Price $275,000 $256,500 7.2%
Average Sale Price $340,968 $331,278 2.9%
Dollar Volume $99.9 Million $75.5 Million 32.3%
Median Percent of Original
95.2% 95.9% -0.7%
List Price Received
Median Time to Contract 65 Days 64 Days 1.6%
Median Time to Sale 107 Days 102 Days 4.9%
New Pending Sales 303 271 11.8%
New Listings 313 306 2.3%
Pending Inventory 156 123 26.8%
Inventory (Active Listings) 532 677 -21.4%
Months Supply of Inventory 6.7 9.9 -32.3%
Percent Change
Closed Sales Quarter Closed Sales Year-over-Year
Q2 2017 293 28.5%
The number of sales transactions which closed during Q1 2017 228 21.3%
the quarter Q4 2016 216 14.3%
Q3 2016 222 2.8%
Economists' note : Closed Sales are one of the simplest—yet most Q2 2016 228 0.4%
important—indicators for the residential real estate market. When Q1 2016 188 -5.1%
comparing Closed Sales across markets of different sizes, we Q4 2015 189 -5.5%
recommend comparing the percent changes in sales rather than the Q3 2015 216 0.5%
number of sales. Closed Sales (and many other market metrics) are Q2 2015 227 3.2%
affected by seasonal cycles, so actual trends are more accurately Q1 2015 198 15.8%
represented by year-over-year changes (i.e. comparing a quarter's Q4 2014 200 -14.9%
sales to the amount of sales in the same quarter in the previous year), Q3 2014 215 -27.6%
rather than changes from one quarter to the next. Q2 2014 220 -35.1%
2013 2014 2015 2016
400
Closed Sales 200
300
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.
