Page 6 - Walton_County_Townhouses_and_Condos_2017-Q2_Detail_Neat

Quarterly Market Detail - Q2 2017
Townhouses and Condos

Walton County

Percent Change
New Pending Sales
New Pending Sales Quarter Year-over-Year
Q2 2017 265 0.0%
The number of listed properties that went under Q1 2017 281 31.9%
contract during the quarter Q4 2016 165 -4.6%
Q3 2016 208 -6.7%
Q2 2016 265 -4.7%
Economists' note : Because of the typical length of time it takes for a Q1 2016 213 -17.1%
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in Q4 2015 173 -16.8%
mind, however, that not all Pending Sales will be closed successfully. Q3 2015 223 -3.0%
So, the effectiveness of Pending Sales as a future indicator of Closed Q2 2015 278 15.8%
Sales is susceptible to changes in market conditions such as the Q1 2015 257 2.8%
availability of financing for homebuyers and the inventory of Q4 2014 208 4.0%
distressed properties for sale. Q3 2014 230 -5.0%
Q2 2014 240 -9.1%

2013 2014 2015 2016
300
250
Pending Sales 150
200

100
50
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Percent Change
New Listings Quarter New Listings Year-over-Year
Q2 2017 323 3.9%
The number of properties put onto the market during Q1 2017 336 4.7%
the quarter Q4 2016 223 9.9%
Q3 2016 258 -4.4%
Q2 2016 311 2.3%
Economists' note : New Listings tend to rise in delayed response to Q1 2016 321 -3.0%
increasing prices, so they are often seen as a lagging indicator of
market health. As prices rise, potential sellers raise their estimations Q4 2015 203 4.6%
of value—and in the most recent cycle, rising prices have freed up Q3 2015 270 6.3%
many potential sellers who were previously underwater on their Q2 2015 304 3.4%
mortgages. Note that in our calculations, we take care to not include Q1 2015 331 -7.3%
properties that were recently taken off the market and quickly relisted, Q4 2014 194 -31.0%
since these are not really new listings. Q3 2014 254 -12.4%
Q2 2014 294 -7.0%

2013 2014 2015 2016
400

New Listings 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.