Monthly Market Detail - August 2014
Single Family Homes
Florida
August 2014
August 2013
Percent Change
Year-over-Year
21,252
20,630
3.0%
8,195
8,524
-3.9%
Median Sale Price
$180,000
$175,000
2.9%
Average Sale Price
$255,701
$246,697
3.6%
$5.4 Billion
$5.1 Billion
6.9%
94.8%
95.5%
-0.7%
Median Time to Contract
56 Days
50 Days
12.0%
Median Time to Sale
101 Days
99 Days
2.0%
New Pending Sales
23,707
23,249
2.0%
New Listings
27,047
27,043
0.0%
Pending Inventory
42,013
47,708
-11.9%
Inventory (Active Listings)
103,508
92,232
12.2%
Months Supply of Inventory
5.4
5.0
8.0%
Closed Sales
Percent Change
Year-over-Year
21,252
21,980
22,621
22,355
21,103
19,597
15,657
14,591
19,035
16,210
18,098
17,892
20,630
3.0%
3.8%
10.9%
0.9%
2.5%
0.5%
0.1%
3.3%
5.7%
-3.8%
2.5%
15.1%
10.7%
Summary Statistics
Closed Sales
Paid in Cash
Dollar Volume
Median Percent of Original
List Price Received
Month
Closed Sales
The number of sales transactions which closed during
the month
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.
Closed Sales
25,000
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
2013
2014
20,000
15,000
10,000
5,000
0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Market Detail - August 2014
Single Family Homes
Florida
Month
Cash Sales
The number of Closed Sales during the month in which
buyers exclusively paid in cash
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.
12,000
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
Cash Sales
Percent Change
Year-over-Year
8,195
8,254
8,885
9,323
9,151
8,893
7,492
7,125
8,095
7,047
7,955
7,429
8,524
-3.9%
-7.6%
0.5%
-8.5%
-7.2%
-5.5%
-6.0%
0.6%
-4.6%
-9.8%
-2.8%
8.1%
6.8%
2013
2014
Cash Sales
10,000
8,000
6,000
4,000
2,000
0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
Month
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month
which were Cash Sales
Pct. of Closed
Sales Paid in Cash
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.
60%
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
2013
Percent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
38.6%
37.6%
39.3%
41.7%
43.4%
45.4%
47.9%
48.8%
42.5%
43.5%
44.0%
41.5%
41.3%
-6.5%
-10.9%
-9.2%
-9.3%
-9.4%
-6.0%
-5.9%
-2.6%
-9.8%
-6.2%
-5.2%
-6.1%
-3.5%
2014
50%
40%
30%
20%
10%
0%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Market Detail - August 2014
Single Family Homes
Florida
Month
Median Sale Price
The median sale price reported for the month (i.e. 50%
of sales were above and 50% of sales were below)
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.
Median Sale Price
$200K
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
Median Sale Price
Percent Change
Year-over-Year
$180,000
$185,000
$185,000
$180,000
$175,000
$174,000
$165,000
$163,000
$173,000
$170,000
$169,900
$170,000
$175,000
2.9%
3.9%
5.7%
4.7%
6.1%
8.1%
10.0%
12.4%
12.3%
13.3%
17.2%
17.2%
19.0%
2013
2014
$150K
$100K
$50K
$0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
Month
Average Sale Price
The average sale price reported for the month (i.e.
total sales in dollars divided by the number of sales)
Average Sale
Price
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.
$300K
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
2013
Average Sale Price
Percent Change
Year-over-Year
$255,701
$265,731
$273,363
$278,107
$263,189
$257,335
$260,275
$251,249
$252,251
$239,864
$240,094
$241,019
$246,697
3.6%
4.0%
2.5%
7.3%
3.3%
5.9%
11.6%
18.6%
3.2%
7.3%
13.0%
13.2%
12.9%
2014
$250K
$200K
$150K
$100K
$50K
$0K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Market Detail - August 2014
Single Family Homes
Florida
Dollar Volume
The sum of the sale prices for all sales which closed
during the month
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.
Dollar Volume
$8 B
2010
2011
Month
Dollar Volume
Percent Change
Year-over-Year
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
$5.4 Billion
$5.8 Billion
$6.2 Billion
$6.2 Billion
$5.5 Billion
$5.0 Billion
$4.1 Billion
$3.7 Billion
$4.8 Billion
$3.9 Billion
$4.3 Billion
$4.3 Billion
$5.1 Billion
6.9%
8.1%
13.7%
8.3%
5.8%
6.5%
11.6%
22.5%
9.2%
3.2%
15.9%
30.4%
25.0%
2012
2013
2014
$6 B
$4 B
$2 B
$0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
Median Percent of Original List Price Received
The median of the sale price (as a percentage of the original list
price) across all properties selling during the month
Med. Pct. of Orig.
List Price
Received
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.
120%
2010
2011
Month
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
2013
Med. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
94.8%
94.8%
94.7%
94.3%
94.2%
94.1%
94.0%
94.1%
94.6%
94.8%
95.2%
95.5%
95.5%
-0.7%
-0.6%
-0.8%
-0.7%
-0.5%
-0.2%
0.2%
0.4%
0.7%
1.3%
1.7%
2.2%
2.0%
2014
100%
80%
60%
40%
20%
0%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Market Detail - August 2014
Single Family Homes
Florida
Month
Median Time to Contract
The median number of days between the listing date
and contract date for all Closed Sales during the month
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.
Median Time to
Contract
120
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
Median Time to
Contract
Percent Change
Year-over-Year
56 Days
56 Days
56 Days
57 Days
60 Days
65 Days
68 Days
61 Days
54 Days
52 Days
49 Days
50 Days
50 Days
12.0%
12.0%
9.8%
1.8%
5.3%
4.8%
0.0%
-7.6%
-16.9%
-18.8%
-23.4%
-23.1%
-24.2%
2013
2014
100
80
60
40
20
0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
Month
Median Time to Sale
The median number of days between the listing date
and closing date for all Closed Sales during the month
Median Time to
Sale
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.
200
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
2013
Median Time to Sale
Percent Change
Year-over-Year
101 Days
101 Days
101 Days
101 Days
103 Days
110 Days
113 Days
109 Days
103 Days
98 Days
96 Days
99 Days
99 Days
2.0%
1.0%
-1.0%
-3.8%
-1.0%
-3.5%
-5.0%
-8.4%
-13.4%
-17.6%
-20.7%
-19.5%
-18.2%
2014
150
100
50
0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Market Detail - August 2014
Single Family Homes
Florida
Month
New Pending Sales
The number of listed properties that went under
contract during the month
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.
2010
Pending Sales
30,000
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
New Pending Sales
Percent Change
Year-over-Year
23,707
24,250
24,252
26,105
26,679
26,297
22,718
22,577
17,595
19,041
22,013
20,373
23,249
2.0%
2.0%
1.8%
-2.3%
-1.9%
0.2%
-6.2%
-3.7%
-6.6%
-8.5%
-0.8%
8.1%
15.8%
2013
2014
25,000
20,000
15,000
10,000
5,000
0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
Month
New Listings
The number of properties put onto the market during
the month
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.
New Listings
40,000
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
2013
New Listings
Percent Change
Year-over-Year
27,047
28,022
27,262
28,668
29,059
29,127
26,898
28,210
20,455
23,197
27,413
25,255
27,043
0.0%
4.5%
8.4%
10.1%
8.2%
14.4%
10.0%
7.3%
20.0%
12.6%
14.2%
18.0%
17.5%
2014
30,000
20,000
10,000
0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Market Detail - August 2014
Single Family Homes
Florida
Inventory (Active Listings)
The number of property listings active at the end of
the month
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.
200,000
2010
2011
Month
Inventory
Percent Change
Year-over-Year
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
103,508
104,850
104,155
104,405
105,154
104,925
105,884
103,269
100,661
101,650
98,870
95,736
92,232
12.2%
16.7%
18.4%
18.3%
16.9%
15.1%
13.0%
9.6%
9.1%
6.6%
-2.6%
-9.2%
-15.3%
2012
2013
2014
Inventory
150,000
100,000
50,000
0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
Month
Months Supply of Inventory
An estimate of the number of months it will take to
deplete the current Inventory given recent sales rates
Months Supply of
Inventory
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.
15.0
2010
2011
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
2012
2013
Months Supply
Percent Change
Year-over-Year
5.4
5.5
5.5
5.5
5.6
5.6
5.6
5.5
5.4
5.4
5.3
5.1
5.0
8.0%
12.2%
12.2%
12.2%
9.8%
5.7%
3.7%
0.0%
-1.8%
-5.3%
-14.5%
-21.5%
-26.5%
2014
10.0
5.0
0.0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Market Detail - August 2014
Single Family Homes
Florida
Closed Sales
Percent Change
Year-over-Year
Less than $50,000
1,302
-0.1%
$50,000 - $99,999
2,994
-5.0%
$100,000 - $149,999
3,857
-0.5%
$150,000 - $199,999
3,645
8.3%
$200,000 - $249,999
2,617
3.7%
$250,000 - $299,999
1,901
6.7%
$300,000 - $399,999
2,177
5.0%
$400,000 - $599,999
1,593
9.6%
$600,000 - $999,999
749
6.1%
$1,000,000 or more
417
6.1%
Sale Price
Closed Sales by Sale Price
The number of sales transactions which closed during
the month
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.
August 2013
August 2014
Closed Sales
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Less than
$50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The median number of days between the listing date
and contract date for all Closed Sales during the month
Median Time to
Contract
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.
August 2013
Less than
$50,000
$50,000 $99,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or
$999,999
more
Median Time to
Contract
Percent Change
Year-over-Year
Less than $50,000
57
3.6%
$50,000 - $99,999
55
10.0%
$100,000 - $149,999
51
21.4%
$150,000 - $199,999
49
6.5%
$200,000 - $249,999
56
24.4%
$250,000 - $299,999
59
43.9%
$300,000 - $399,999
54
3.8%
$400,000 - $599,999
72
4.3%
$600,000 - $999,999
90
-9.1%
$1,000,000 or more
133
-15.3%
Sale Price
Median Time to Contract by Sale Price
180
160
140
120
100
80
60
40
20
0
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
August 2014
$100,000 $149,999
$150,000 $199,999
180
160
140
120
100
80
60
40
20
0
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or
$999,999
more
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Market Detail - August 2014
Single Family Homes
Florida
New Listings by Initial Listing Price
The number of properties put onto the market during
the month
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.
August 2013
New Listings
5,000
Initial Listing Price
New Listings
Percent Change
Year-over-Year
Less than $50,000
1,224
-17.2%
$50,000 - $99,999
3,357
-19.1%
$100,000 - $149,999
4,603
-3.3%
$150,000 - $199,999
4,551
4.4%
$200,000 - $249,999
3,235
4.8%
$250,000 - $299,999
2,704
6.3%
$300,000 - $399,999
3,128
11.5%
$400,000 - $599,999
2,271
12.5%
$600,000 - $999,999
1,176
6.5%
$1,000,000 or more
798
8.9%
August 2014
5,000
4,000
4,000
3,000
3,000
2,000
2,000
1,000
1,000
0
0
Less than
$50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
The number of property listings active at the end of
the month
Inventory
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.
August 2013
Less than
$50,000
$50,000 $99,999
$400,000 $599,999
$600,000 - $1,000,000 or
$999,999
more
Inventory
Percent Change
Year-over-Year
Less than $50,000
3,567
-16.3%
$50,000 - $99,999
10,636
-12.9%
$100,000 - $149,999
13,538
6.3%
$150,000 - $199,999
14,523
18.1%
$200,000 - $249,999
11,258
25.5%
$250,000 - $299,999
9,978
24.3%
$300,000 - $399,999
12,593
28.3%
$400,000 - $599,999
11,384
22.7%
$600,000 - $999,999
7,877
13.0%
$1,000,000 or more
8,154
6.4%
Current Listing Price
Inventory by Current Listing Price
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
$300,000 $399,999
August 2014
$100,000 $149,999
$150,000 $199,999
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
$200,000 $249,999
$250,000 $299,999
$300,000 $399,999
$400,000 $599,999
$600,000 - $1,000,000 or
$999,999
more
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.
Monthly Distressed Market - August 2014
Single Family Homes
Florida
Closed Sales
August 2014
August 2013
Percent Change
Year-over-Year
15,424
14,500
6.4%
$214,000
$211,000
1.4%
4,524
3,556
27.2%
$115,000
$104,900
9.6%
1,304
2,574
-49.3%
$141,750
$130,000
9.0%
Traditional
Median Sale Price
Closed Sales
Foreclosure/REO
Median Sale Price
Closed Sales
Short Sale
Median Sale Price
2010
2011
Traditional
2012
Foreclosure/REO
2013
2014
Short Sale
100%
90%
Closed Sales
80%
70%
60%
50%
40%
30%
20%
10%
0%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
$250,000
Median Sale Price
$200,000
$150,000
$100,000
$50,000
$0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A
2010
2011
2012
2013
2014
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 Monday, September 22, 2014. Data revised on Friday, February 26, 2016. Next data release is Tuesday, October 21, 2014.