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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2016 Quick Facts Market Overview 2 New Listings 3 Pending Sales 4 Closed Sales 5 Days On Market Until Sale 6 Median Sales Price 7 Average Sales Price 8 9 10 Housing Affordability Index 11 Inventory of Homes for Sale 12 Months Supply of Inventory 13 Housing Supply Overview Report 14 All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 1 Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . + 8.8% Change in Median Sales Price As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline. There is little to indicate that the low inventory situation will resolve anytime soon. New Listings in the Northeast Florida region decreased 22.0 percent to 2,314. Pending Sales were down 4.5 percent to 2,043. Inventory levels fell 18.2 percent to 8,750 units. Prices continued to gain traction. The Median Sales Price increased 8.8 percent to $184,900. Days on Market was down 2.5 percent to 78 days. Sellers were encouraged as Months Supply of Inventory was down 19.1 percent to 3.8 months. Builder confidence is as high as it has been in more than a decade, yet the pace of economic growth has been slow enough to cause pause. A low number of first-time buyer purchases and a looming demographic shift also seem to be curbing the desire to start new single-family construction projects. As older Americans retire and downsize, single-family listings are expected to rise. The waiting is the hardest part. - 18.2% Change in Inventory - 10.6% Change in Closed Sales Area breakouts of 33 submarkets begin after page 21. Percent of Original List Price Received Residential real estate activity comprised of single-family properties, townhomes, and condominiums combined. Percent of Properties Sold Over List Price

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Page 1: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

October 2016 Quick Facts

Market Overview 2New Listings 3Pending Sales 4Closed Sales 5Days On Market Until Sale 6Median Sales Price 7Average Sales Price 8

910

Housing Affordability Index 11Inventory of Homes for Sale 12Months Supply of Inventory 13Housing Supply Overview Report 14

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 1

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors .

+ 8.8%Change in

Median Sales Price

As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline. There is little to indicate that the low inventory situation will resolve anytime soon.

New Listings in the Northeast Florida region decreased 22.0 percent to 2,314. Pending Sales were down 4.5 percent to 2,043. Inventory levels fell 18.2 percent to 8,750 units.

Prices continued to gain traction. The Median Sales Price increased 8.8 percent to $184,900. Days on Market was down 2.5 percent to 78 days. Sellers were encouraged as Months Supply of Inventory was down 19.1 percent to 3.8 months.

Builder confidence is as high as it has been in more than a decade, yet the pace of economic growth has been slow enough to cause pause. A low number of first-time buyer purchases and a looming demographic shift also seem to be curbing the desire to start new single-family construction projects. As older Americans retire and downsize, single-family listings are expected to rise. The waiting is the hardest part.

- 18.2%Change inInventory

- 10.6%Change in

Closed Sales

Area breakouts of 33 submarkets begin after page 21.

Percent of Original List Price Received

Residential real estate activity comprised of single-family properties, townhomes, and condominiums combined.

Percent of Properties Sold Over List Price

Page 2: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Market OverviewKey market metrics for the current month and year-to-date.

Key Metrics Historical Sparklines 10-2015 10-2016 +/- YTD 2015 YTD 2016 +/-

+ 8.3% 12.6% 13.0% + 3.2%

23,476 + 3.3%

$185,000

- 2.5% 83 77 - 7.2%

+ 8.8%

+ 1.3%

190

10,693

80 78

183

$170,000 $184,900

$223,390 + 3.6%

93.9% 95.1%

$215,587

12.0% 13.0%

+ 8.8% $170,000

- 3.7%

--

$210,744 $226,595 + 7.5%

+ 1.3%93.8% 95.0%

Housing Affordability Index

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent of OriginalList Price Received

Percent of PropertiesSold Over List Price

2,133 1,906 - 10.6% 22,722

New Listings

Pending Sales

Closed Sales

- 2.0%

2,140 2,043 - 4.5% 23,764 24,012 + 1.0%

31,5992,966 2,314 - 22.0% 32,249

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 2

4.7

183 - 3.7%

- 18.2%

- 19.1%

8,750

3.8

190

--

-- --

--

--Months Supplyof Homes for Sale

Inventory of Homes for Sale

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

10-2013 10-2014 10-2015 10-2016

Page 3: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

New Listings A count of the properties that have been newly listed on the market in a given month.

MonthPrior Year

Current Year

+ / –

November 2015 2,357 2,441 +3.6%

December 2015 2,120 2,122 +0.1%

January 2016 3,064 3,056 -0.3%

February 2016 2,972 3,184 +7.1%

March 2016 3,355 3,645 +8.6%

April 2016 3,468 3,384 -2.4%

May 2016 3,379 3,373 -0.2%

June 2016 3,511 3,451 -1.7%

July 2016 3,417 3,097 -9.4%

August 2016 3,150 3,257 +3.4%

September 2016 2,967 2,838 -4.3%

October 2016 2,966 2,314 -22.0%

12-Month Avg 3,061 3,014 -1.5%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 3

2,859 2,966

2,314

2014 2015 2016

October

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical New Listing Activity

29,67432,249 31,599

2014 2015 2016

Year To Date

-2.0%+3.7% -22.0% +8.7%

Page 4: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Pending Sales A count of the properties on which contracts have been written in a given month.

MonthPrior Year

Current Year

+ / –

November 2015 1,657 1,892 +14.2%

December 2015 1,649 1,892 +14.7%

January 2016 1,947 2,038 +4.7%

February 2016 2,183 2,311 +5.9%

March 2016 2,548 2,616 +2.7%

April 2016 2,572 2,655 +3.2%

May 2016 2,591 2,680 +3.4%

June 2016 2,625 2,631 +0.2%

July 2016 2,519 2,409 -4.4%

August 2016 2,484 2,403 -3.3%

September 2016 2,155 2,226 +3.3%

October 2016 2,140 2,043 -4.5%

12-Month Avg 2,256 2,316 +2.7%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 4

2,038 2,140 2,043

2014 2015 2016

October

750

1,000

1,250

1,500

1,750

2,000

2,250

2,500

2,750

3,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Pending Sales Activity

20,43923,764 24,012

2014 2015 2016

Year To Date

+1.0%+5.0% -4.5% +16.3%

Page 5: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Closed Sales A count of actual sales that have closed within a given month.

MonthPrior Year

Current Year

+ / –

November 2015 1,734 1,846 +6.5%

December 2015 2,151 2,291 +6.5%

January 2016 1,491 1,653 +10.9%

February 2016 1,685 1,890 +12.2%

March 2016 2,384 2,535 +6.3%

April 2016 2,357 2,461 +4.4%

May 2016 2,421 2,543 +5.0%

June 2016 2,758 2,882 +4.5%

July 2016 2,712 2,557 -5.7%

August 2016 2,416 2,654 +9.9%

September 2016 2,365 2,395 +1.3%

October 2016 2,133 1,906 -10.6%

12-Month Avg 2,217 2,301 +4.3%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 5

2,052 2,1331,906

2014 2015 2016

October

500

1,000

1,500

2,000

2,500

3,000

3,500

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Closed Sales Activity

20,09322,722 23,476

2014 2015 2016

Year To Date

+3.3%+3.9% -10.6% +13.1%

Page 6: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.

MonthPrior Year

Current Year

+ / –

November 2015 83 80 -3.6%

December 2015 86 84 -2.3%

January 2016 91 84 -7.7%

February 2016 90 89 -1.1%

March 2016 91 82 -9.9%

April 2016 90 78 -13.3%

May 2016 86 75 -12.8%

June 2016 81 73 -9.9%

July 2016 77 69 -10.4%

August 2016 75 72 -4.0%

September 2016 76 74 -2.6%

October 2016 80 78 -2.5%

12-Month Avg 83 78 -7.0%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 6

83 80 78

2014 2015 2016

October

40

50

60

70

80

90

100

110

120

130

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Days on Market Until Sale

84 8377

2014 2015 2016

Year To Date

-7.2%-3.6% -2.5% -1.2%

Page 7: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

MonthPrior Year

Current Year

+ / –

November 2015 $161,000 $164,500 +2.2%

December 2015 $172,000 $179,000 +4.1%

January 2016 $144,000 $164,632 +14.3%

February 2016 $157,000 $160,000 +1.9%

March 2016 $160,000 $179,990 +12.5%

April 2016 $172,000 $180,000 +4.7%

May 2016 $175,000 $191,500 +9.4%

June 2016 $181,000 $195,526 +8.0%

July 2016 $180,000 $193,293 +7.4%

August 2016 $172,900 $190,500 +10.2%

September 2016 $174,920 $189,900 +8.6%

October 2016 $170,000 $184,900 +8.8%

12-Month Med $170,000 $183,953 +8.2%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 7

$161,750$170,000

$184,900

2014 2015 2016

October

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Median Sales Price

$157,621$170,000

$185,000

2014 2015 2016

Year To Date

+8.8%+5.1% +8.8% +7.9%

Page 8: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

MonthPrior Year

Current Year

+ / –

November 2015 $194,820 $214,716 +10.2%

December 2015 $213,038 $224,212 +5.2%

January 2016 $187,076 $206,082 +10.2%

February 2016 $199,554 $202,784 +1.6%

March 2016 $201,250 $214,498 +6.6%

April 2016 $207,500 $223,318 +7.6%

May 2016 $215,254 $232,281 +7.9%

June 2016 $223,830 $237,275 +6.0%

July 2016 $223,261 $238,668 +6.9%

August 2016 $210,628 $238,579 +13.3%

September 2016 $207,978 $233,170 +12.1%

October 2016 $215,587 $223,390 +3.6%

12-Month Avg $209,891 $225,603 +7.5%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 8

$207,048$215,587 $223,390

2014 2015 2016

October

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

$260,000

$280,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Average Sales Price

$199,983$210,744

$226,595

2014 2015 2016

Year To Date

+ 7.5%+ 4.1% + 3.6% + 5.4%

Page 9: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Percent of Original List Price Received

MonthPrior Year

Current Year

+ / –

November 2015 93.0% 93.9% +1.0%

December 2015 93.2% 93.9% +0.8%

January 2016 92.5% 93.6% +1.2%

February 2016 92.7% 93.5% +0.9%

March 2016 92.9% 94.6% +1.8%

April 2016 93.6% 95.0% +1.5%

May 2016 94.1% 95.2% +1.2%

June 2016 94.4% 95.3% +1.0%

July 2016 94.4% 95.7% +1.4%

August 2016 94.5% 95.6% +1.2%

September 2016 94.2% 95.4% +1.3%

October 2016 93.9% 95.1% +1.3%

12-Month Avg 93.7% 94.8% +1.2%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 9

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

93.1% 93.9% 95.1%

2014 2015 2016

October

84%

86%

88%

90%

92%

94%

96%

98%

100%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Percent of Original List Price Received

92.6% 93.8% 95.0%

2014 2015 2016

Year To Date

+1.3%+0.9% +1.3% +1.3%

Page 10: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Percent of Properties Sold Over List Price

MonthPrior Year

Current Year

+ / –

November 2015 11.1% 12.1% +9.0%

December 2015 12.2% 14.4% +18.0%

January 2016 12.5% 11.9% -4.8%

February 2016 12.3% 12.1% -1.6%

March 2016 12.2% 13.9% +13.9%

April 2016 12.1% 13.2% +9.1%

May 2016 12.7% 12.4% -2.4%

June 2016 13.2% 13.3% +0.8%

July 2016 12.3% 12.7% +3.3%

August 2016 13.4% 13.7% +2.2%

September 2016 12.8% 12.9% +0.8%

October 2016 12.0% 13.0% +8.3%

12-Month Avg 12.4% 13.0% +4.6%

Percent of closed sales that sold for more than the most recent list price.

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 10

11.8% 12.0%13.0%

2014 2015 2016

October

6%

8%

10%

12%

14%

16%

18%

20%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Percent of Properties Sold Over List Price

12.3% 12.6% 13.0%

2014 2015 2016

Year To Date

+3.2%+1.8% +8.3% +1.9%

Page 11: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Housing Affordability Index

MonthPrior Year

Current Year

+ / –

November 2015 199 195 -2.0%

December 2015 189 179 -5.3%

January 2016 229 195 -14.8%

February 2016 211 204 -3.3%

March 2016 203 180 -11.3%

April 2016 191 184 -3.7%

May 2016 189 173 -8.5%

June 2016 177 173 -2.3%

July 2016 175 175 0.0%

August 2016 185 178 -3.8%

September 2016 185 178 -3.8%

October 2016 190 183 -3.7%

12-Month Avg 194 183 -5.2%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 11

This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

200 190 183

2014 2015 2016

October

100

150

200

250

300

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Housing Affordability Index

205190 183

2014 2015 2016

Year To Date

-3.7%-5.0% -3.7% -7.3%

Page 12: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Inventory of Homes for Sale The number of properties available for sale in active status at the end of the month.

MonthPrior Year

Current Year

+ / –

November 2015 11,108 10,443 -6.0%

December 2015 10,544 9,641 -8.6%

January 2016 10,809 9,910 -8.3%

February 2016 10,845 10,087 -7.0%

March 2016 10,859 10,377 -4.4%

April 2016 10,999 10,371 -5.7%

May 2016 11,007 10,336 -6.1%

June 2016 11,002 10,297 -6.4%

July 2016 11,015 10,090 -8.4%

August 2016 10,862 9,914 -8.7%

September 2016 10,772 9,478 -12.0%

October 2016 10,693 8,750 -18.2%

12-Month Avg 10,876 9,975 -8.3%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 12

11,137 10,693

8,750

2014 2015 2016

October

5,000

7,000

9,000

11,000

13,000

15,000

17,000

19,000

21,000

23,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Inventory of Homes for Sale

-18.2%-4.0%

Page 13: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

MonthPrior Year

Current Year

+ / –

November 2015 5.6 4.6 -17.9%

December 2015 5.3 4.2 -20.8%

January 2016 5.4 4.3 -20.4%

February 2016 5.4 4.4 -18.5%

March 2016 5.3 4.5 -15.1%

April 2016 5.3 4.5 -15.1%

May 2016 5.2 4.4 -15.4%

June 2016 5.1 4.4 -13.7%

July 2016 5.0 4.3 -14.0%

August 2016 4.9 4.3 -12.2%

September 2016 4.8 4.1 -14.6%

October 2016 4.7 3.8 -19.1%

12-Month Avg 5.2 4.3 -16.6%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 13

5.7

4.7

3.8

2014 2015 2016

October

2

4

6

8

10

12

14

16

18

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016

Historical Months Supply of Inventory

-19.1%-17.5%

Page 14: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Housing Supply Overview

October 2016 Quick Facts

$500,000 to $999,999 Previously Owned

Pending Sales 15Days on Market Until Sale 16Median Sales Price 17Percent of Original List Price Received 18Percent of Properties Sold Over List Price 19Inventory of Homes for Sale 20Months Supply of Inventory 21

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 14

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors .

Residential real estate activity comprised of single-family properties, townhomes, and condominiums combined.

Single-Family

A RESEARCH TOOL PROVIDED BY THENORTHEAST FLORIDA ASSOCIATION OF REALTORS

+ 21.3% + 3.5% + 3.0%Price Range With Strongest Sales:

Construction Status With Strongest Sales:

Property Type With Strongest Sales:

Page 15: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.

By Price Range 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

$149,999 and Below 11,230 10,490 - 6.6% 8,698 8,042 - 7.5% 2,532 2,448 - 3.3%

$150,000 to $199,999 4,487 4,858 + 8.3% 3,881 4,150 + 6.9% 606 708 + 16.8%

$200,000 to $299,999 5,984 6,391 + 6.8% 5,548 5,947 + 7.2% 436 444 + 1.8%

$300,000 to $499,999 3,925 4,348 + 10.8% 3,593 4,033 + 12.2% 332 315 - 5.1%

$500,000 to $999,999 1,195 1,449 + 21.3% 1,074 1,305 + 21.5% 121 144 + 19.0%

$1,000,000 and Above 249 260 + 4.4% 225 235 + 4.4% 24 25 + 4.2%

All Price Ranges 27,070 27,796 + 2.7% 23,019 23,712 + 3.0% 4,051 4,084 + 0.8%

By Construction Status 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

Previously Owned 23,009 23,811 + 3.5% 19,392 20,125 + 3.8% 3,617 3,686 + 1.9%

New Construction 4,061 3,985 - 1.9% 3,627 3,587 - 1.1% 434 398 - 8.3%

All Property Types 27,070 27,796 + 2.7% 23,019 23,712 + 3.0% 4,051 4,084 + 0.8%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 15

All Properties Single-Family Condo-Townhouse

11,230

4,487

5,984

3,925

1,195249

10,490

4,858

6,391

4,348

1,449

260

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2015 10-2016

23,009

4,061

23,811

3,985

Previously Owned New Construction

By Construction Status10-2015 10-2016

- 6.6%

23,019

4,051

23,712

4,084

Single-Family Condo-Townhouse

By Property Type10-2015 10-2016

+ 8.3% + 6.8% + 10.8% + 4.4% + 3.0% + 0.8%+ 3.5% - 1.9%+ 21.3%

Page 16: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Days on Market Until Sale

By Price Range 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

$149,999 and Below 80 73 - 8.8% 82 76 - 7.3% 73 60 - 17.8%

$150,000 to $199,999 80 70 - 12.5% 79 68 - 13.9% 81 76 - 6.2%

$200,000 to $299,999 82 77 - 6.1% 81 75 - 7.4% 91 93 + 2.2%

$300,000 to $499,999 91 87 - 4.4% 90 85 - 5.6% 98 116 + 18.4%

$500,000 to $999,999 111 105 - 5.4% 107 104 - 2.8% 138 116 - 15.9%

$1,000,000 and Above 135 144 + 6.7% 136 150 + 10.3% 127 94 - 26.0%

All Price Ranges 83 78 - 6.0% 84 78 - 7.1% 80 73 - 8.8%

By Construction Status 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

Previously Owned 81 75 - 7.4% 82 77 - 6.1% 78 68 - 12.8%

New Construction 97 90 - 7.2% 96 88 - 8.3% 102 112 + 9.8%

All Property Types 83 78 - 6.0% 84 78 - 7.1% 80 73 - 8.8%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 16

Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.

All Properties Single-Family Condo-Townhouse

80 80 8291

111

135

73 7077

87

105

144

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2015 10-2016

8197

7590

Previously Owned New Construction

By Construction Status10-2015 10-2016

- 8.8%

84

8078

73

Single-Family Condo-Townhouse

By Property Type10-2015 10-2016

- 12.5% - 6.1% - 4.4% + 6.7% - 7.1% - 8.8%- 7.4% - 7.2%- 5.4%

Page 17: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Median Sales Price

By Construction Status 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

Previously Owned $154,000 $165,000 + 7.1% $163,000 $175,000 + 7.4% $114,000 $125,500 + 10.1%

New Construction $265,990 $279,990 + 5.3% $270,321 $289,801 + 7.2% $177,075 $165,595 - 6.5%

All Construction Statuses $170,000 $183,953 + 8.2% $181,000 $195,000 + 7.7% $119,500 $130,000 + 8.8%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 17

Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

All Properties Single-Family Condo-Townhouse

$154,000

$265,990

$165,000

$279,990

Previously Owned New Construction

By Construction Status10-2015 10-2016

$170,000 $181,000

$119,500

$183,953 $195,000

$130,000

All Properties Single-Family Condo-Townhouse

By Property Type10-2015 10-2016

+ 7.7% + 8.8%+ 7.1% + 8.2%+ 5.3%

Page 18: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Percent of Original List Price Received

By Price Range 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

$149,999 and Below 91.5% 93.0% + 1.6% 90.9% 92.5% + 1.8% 93.5% 94.8% + 1.4%

$150,000 to $199,999 95.2% 96.1% + 0.9% 95.1% 95.9% + 0.8% 95.7% 96.9% + 1.3%

$200,000 to $299,999 95.5% 96.2% + 0.7% 95.5% 96.2% + 0.7% 94.9% 95.8% + 0.9%

$300,000 to $499,999 95.7% 96.1% + 0.4% 95.8% 96.2% + 0.4% 95.2% 95.5% + 0.3%

$500,000 to $999,999 94.5% 94.8% + 0.3% 94.7% 94.8% + 0.1% 92.8% 94.3% + 1.6%

$1,000,000 and Above 90.2% 90.1% - 0.1% 90.2% 89.6% - 0.7% 90.3% 94.5% + 4.7%

All Price Ranges 93.7% 94.8% + 1.2% 93.6% 94.7% + 1.2% 94.1% 95.3% + 1.3%

By Construction Status 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

Previously Owned 92.8% 94.0% + 1.3% 92.7% 93.9% + 1.3% 93.4% 94.6% + 1.3%

New Construction 98.9% 99.5% + 0.6% 98.8% 99.3% + 0.5% 100.7% 101.2% + 0.5%

All Property Types 93.7% 94.8% + 1.2% 93.6% 94.7% + 1.2% 94.1% 95.3% + 1.3%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 18

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.

All Properties Single-Family Condo-Townhouse

91.5%

95.2% 95.5% 95.7%

94.5%

90.2%

93.0%

96.1% 96.2% 96.1%

94.8%

90.1%

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2015 10-2016

92.8%

98.9%

94.0%

99.5%

Previously Owned New Construction

By Construction Status10-2015 10-2016

+ 1.6%

93.6%

94.1%

94.7%

95.3%

Single-Family Condo-Townhouse

By Property Type10-2015 10-2016

+ 0.9% + 0.7% + 0.4% - 0.1% + 1.2% + 1.3%+ 1.3% + 0.6%+ 0.3%

Page 19: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Percent of Properties Sold Over List Price

By Price Range 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

$149,999 and Below 19.6% 18.3% - 6.6% 19.4% 18.7% - 3.7% 20.3% 17.0% - 16.3%

$150,000 to $199,999 13.4% 13.5% + 0.1% 13.7% 14.4% + 5.1% 11.2% 6.1% - 45.5%

$200,000 to $299,999 14.2% 12.4% - 13.0% 14.2% 13.0% - 8.7% 14.3% 5.6% - 61.2%

$300,000 to $499,999 15.1% 14.3% - 5.6% 15.6% 14.2% - 8.7% 10.3% 15.0% + 45.6%

$500,000 to $999,999 11.9% 14.9% + 25.6% 12.5% 15.0% + 20.1% 5.8% 14.3% + 145.7%

$1,000,000 and Above 5.1% 8.3% + 65.0% 5.6% 9.4% + 66.9% 0.0% 0.0% 0.0%

All Price Ranges 16.6% 15.6% - 5.9% 16.4% 15.9% - 3.3% 17.5% 14.1% - 19.1%

By Construction Status 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

Previously Owned 15.3% 13.8% - 9.6% 15.2% 14.2% - 6.4% 15.8% 11.8% - 25.4%

New Construction 24.6% 25.8% + 4.6% 23.5% 24.6% + 4.6% 36.4% 37.2% + 2.2%

All Property Types 16.6% 15.6% - 5.9% 16.4% 15.9% - 3.3% 17.5% 14.1% - 19.1%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 19

Percent of closed sales that sold for more than the most recent list price. Based on a rolling 12-month average.

All Properties Single-Family Condo-Townhouse

19.6%

13.4% 14.2% 15.1%

11.9%

5.1%

18.3%

13.5%12.4%

14.3% 14.9%

8.3%

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2015 10-2016

15.3%

24.6%

13.8%

25.8%

Previously Owned New Construction

By Construction Status10-2015 10-2016

- 6.6%

16.4%17.5%

15.9%14.1%

Single-Family Condo-Townhouse

By Property Type10-2015 10-2016

+ 0.1% - 13.0% - 5.6% + 65.0% - 3.3% - 19.1%- 9.6% + 4.6%+ 25.6%

Page 20: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.

By Price Range 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

$149,999 and Below 3,723 2,136 - 42.6% 3,104 1,755 - 43.5% 619 381 - 38.4%

$150,000 to $199,999 1,526 1,148 - 24.8% 1,310 947 - 27.7% 216 201 - 6.9%

$200,000 to $299,999 2,143 1,971 - 8.0% 1,955 1,800 - 7.9% 188 171 - 9.0%

$300,000 to $499,999 1,883 1,968 + 4.5% 1,695 1,754 + 3.5% 188 214 + 13.8%

$500,000 to $999,999 1,013 1,102 + 8.8% 909 992 + 9.1% 104 110 + 5.8%

$1,000,000 and Above 405 425 + 4.9% 371 379 + 2.2% 34 46 + 35.3%

All Price Ranges 10,693 8,750 - 18.2% 9,344 7,627 - 18.4% 1,349 1,123 - 16.8%

By Construction Status 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

Previously Owned 9,164 7,168 - 21.8% 8,012 6,196 - 22.7% 1,152 972 - 15.6%

New Construction 1,529 1,582 + 3.5% 1,332 1,431 + 7.4% 197 151 - 23.4%

All Property Types 10,693 8,750 - 18.2% 9,344 7,627 - 18.4% 1,349 1,123 - 16.8%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 20

All Properties Single-Family Condo-Townhouse

3,723

1,526

2,1431,883

1,013

405

2,136

1,148

1,971 1,968

1,102

425

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2015 10-2016

9,164

1,529

7,168

1,582

Previously Owned New Construction

By Construction Status10-2015 10-2016

- 42.6%

9,344

1,349

7,627

1,123

Single-Family Condo-Townhouse

By Property Type10-2015 10-2016

- 24.8% - 8.0% + 4.5% + 4.9% - 18.4% - 16.8%- 21.8% + 3.5%+ 8.8%

Page 21: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

Months Supply of Inventory

By Price Range 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

$149,999 and Below 4.0 2.4 - 40.0% 4.3 2.6 - 39.5% 2.9 1.9 - 34.5%

$150,000 to $199,999 4.1 2.8 - 31.7% 4.1 2.7 - 34.1% 4.3 3.4 - 20.9%

$200,000 to $299,999 4.3 3.7 - 14.0% 4.2 3.6 - 14.3% 5.2 4.6 - 11.5%

$300,000 to $499,999 5.8 5.4 - 6.9% 5.7 5.2 - 8.8% 6.8 8.2 + 20.6%

$500,000 to $999,999 10.2 9.1 - 10.8% 10.2 9.1 - 10.8% 10.3 9.2 - 10.7%

$1,000,000 and Above 19.5 19.6 + 0.5% 19.8 19.4 - 2.0% 15.6 20.2 + 29.5%

All Price Ranges 4.7 3.8 - 19.1% 4.9 3.9 - 20.4% 4.0 3.3 - 17.5%

By Construction Status 10-2015 10-2016 Change 10-2015 10-2016 Change 10-2015 10-2016 Change

Previously Owned 4.8 3.6 - 24.4% 5.0 3.7 - 25.5% 3.8 3.2 - 17.2%

New Construction 4.5 4.8 + 5.4% 4.4 4.8 + 8.6% 5.4 4.6 - 16.4%

All Property Types 4.7 3.8 - 19.1% 4.9 3.9 - 20.4% 4.0 3.3 - 17.5%

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 21

The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.

All Properties Single-Family Condo-Townhouse

4.0 4.1 4.35.8

10.2

19.5

2.4 2.8 3.75.4

9.1

19.6

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2015 10-2016

4.8 4.53.6

4.8

Previously Owned New Construction

By Construction Status10-2015 10-2016

- 40.0%

4.94.03.9

3.3

Single-Family Condo-Townhouse

By Property Type10-2015 10-2016

- 31.7% - 14.0% - 6.9% + 0.5% - 20.4% - 17.5%- 24.4% + 5.4%- 10.8%

Page 22: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 252 203 - 19.4% 3,048 2,903 - 4.8%

Closed Sales 189 193 + 2.1% 2,218 2,271 + 2.4%

Median Sales Price* $205,000 $210,000 + 2.4% $185,000 $200,000 + 8.1%

Percent of Original List Price Received* 94.5% 95.5% + 1.1% 94.6% 95.8% + 1.3%

Percent of Properties Sold Over List Price* 12.2% 14.5% + 18.9% 15.0% 16.2% + 8.0%

Days on Market Until Sale 75 75 0.0% 73 65 - 11.0%

Inventory of Homes for Sale 844 688 - 18.5% -- -- --

Months Supply of Inventory 3.8 3.2 - 15.8% -- -- --

Local Market Update – October 2016

All MLS

Southside / Mandarin / Bartram

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Southside / Mandarin / Bartram

- 19.4% + 2.1% + 2.4%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 01 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

3,048

2,218

2,903

2,271

New Listings Closed Sales

Year to Date 2015 2016

+ 2.4%- 4.8%

252

189203 193

New Listings Closed Sales

October 2015 2016

+ 2.1%- 19.4%

Page 23: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 353 283 - 19.8% 3,956 3,745 - 5.3%

Closed Sales 278 251 - 9.7% 2,929 2,966 + 1.3%

Median Sales Price* $160,000 $178,000 + 11.3% $166,000 $180,000 + 8.4%

Percent of Original List Price Received* 95.2% 96.0% + 0.8% 94.7% 95.9% + 1.3%

Percent of Properties Sold Over List Price* 13.3% 13.2% - 0.8% 17.1% 16.1% - 5.8%

Days on Market Until Sale 72 61 - 15.3% 72 64 - 11.1%

Inventory of Homes for Sale 1,060 859 - 19.0% -- -- --

Months Supply of Inventory 3.6 3.0 - 16.7% -- -- --

Local Market Update – October 2016

All MLS

Southside

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Southside- 19.8% - 9.7% + 11.3%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 02 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

3,956

2,929

3,745

2,966

New Listings Closed Sales

Year to Date 2015 2016

+ 1.3%- 5.3%

353

278283251

New Listings Closed Sales

October 2015 2016

- 9.7%- 19.8%

Page 24: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 72 49 - 31.9% 729 751 + 3.0%

Closed Sales 38 41 + 7.9% 498 506 + 1.6%

Median Sales Price* $236,000 $225,000 - 4.7% $230,000 $244,200 + 6.2%

Percent of Original List Price Received* 91.4% 90.8% - 0.7% 92.5% 93.6% + 1.2%

Percent of Properties Sold Over List Price* 5.3% 4.9% - 7.5% 9.7% 8.3% - 14.4%

Days on Market Until Sale 73 83 + 13.7% 89 79 - 11.2%

Inventory of Homes for Sale 244 221 - 9.4% -- -- --

Months Supply of Inventory 5.0 4.5 - 10.0% -- -- --

Local Market Update – October 2016

All MLS

Riverside / Avondale / Ortega

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Riverside / Avondale / Ortega

- 31.9% + 7.9% - 4.7%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 03 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

729

498

751

506

New Listings Closed Sales

Year to Date 2015 2016

+ 1.6%+ 3.0%

72

3849

41

New Listings Closed Sales

October 2015 2016

+ 7.9%- 31.9%

Page 25: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 203 160 - 21.2% 2,196 2,087 - 5.0%

Closed Sales 163 150 - 8.0% 1,693 1,684 - 0.5%

Median Sales Price* $139,000 $180,000 + 29.5% $139,000 $158,000 + 13.7%

Percent of Original List Price Received* 94.7% 95.9% + 1.3% 94.4% 95.8% + 1.5%

Percent of Properties Sold Over List Price* 21.5% 18.0% - 16.3% 20.3% 19.5% - 3.9%

Days on Market Until Sale 59 67 + 13.6% 68 64 - 5.9%

Inventory of Homes for Sale 597 438 - 26.6% -- -- --

Months Supply of Inventory 3.6 2.6 - 27.8% -- -- --

Local Market Update – October 2016

All MLS

Arlington / Fort Caroline

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Arlington / Fort Caroline

- 21.2% - 8.0% + 29.5%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 04 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

2,196

1,6932,087

1,684

New Listings Closed Sales

Year to Date 2015 2016

- 0.5%- 5.0%

203163160 150

New Listings Closed Sales

October 2015 2016

- 8.0%- 21.2%

Page 26: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 126 115 - 8.7% 1,315 1,338 + 1.7%

Closed Sales 101 95 - 5.9% 927 980 + 5.7%

Median Sales Price* $72,000 $112,500 + 56.3% $70,000 $99,000 + 41.4%

Percent of Original List Price Received* 92.4% 94.8% + 2.6% 91.9% 94.1% + 2.4%

Percent of Properties Sold Over List Price* 11.9% 16.8% + 41.2% 20.8% 18.4% - 11.5%

Days on Market Until Sale 57 62 + 8.8% 71 63 - 11.3%

Inventory of Homes for Sale 402 308 - 23.4% -- -- --

Months Supply of Inventory 4.4 3.0 - 31.8% -- -- --

Local Market Update – October 2016

All MLS

Hyde Grove / Murray Hill / Lakeshore / Wesconnett

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Hyde Grove / Murray Hill / Lakeshore / Wesconnett

- 8.7% - 5.9% + 56.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 05 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 60%

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,315

927

1,338

980

New Listings Closed Sales

Year to Date 2015 2016

+ 5.7%+ 1.7%

126

101115

95

New Listings Closed Sales

October 2015 2016

- 5.9%- 8.7%

Page 27: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 189 129 - 31.7% 1,754 1,704 - 2.9%

Closed Sales 115 83 - 27.8% 1,367 1,373 + 0.4%

Median Sales Price* $125,120 $147,000 + 17.5% $120,000 $131,990 + 10.0%

Percent of Original List Price Received* 94.0% 96.6% + 2.8% 94.5% 95.9% + 1.5%

Percent of Properties Sold Over List Price* 20.2% 16.9% - 16.3% 19.1% 20.5% + 7.3%

Days on Market Until Sale 81 68 - 16.0% 76 65 - 14.5%

Inventory of Homes for Sale 507 345 - 32.0% -- -- --

Months Supply of Inventory 3.6 2.5 - 30.6% -- -- --

Local Market Update – October 2016

All MLS

West Jacksonville

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

West Jacksonville- 31.7% - 27.8% + 17.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 06 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,754

1,367

1,704

1,373

New Listings Closed Sales

Year to Date 2015 2016

+ 0.4%- 2.9%

189

115129

83

New Listings Closed Sales

October 2015 2016

- 27.8%- 31.7%

Page 28: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 145 133 - 8.3% 1,475 1,457 - 1.2%

Closed Sales 77 78 + 1.3% 850 882 + 3.8%

Median Sales Price* $23,750 $49,900 + 110.1% $25,000 $34,950 + 39.8%

Percent of Original List Price Received* 87.5% 90.2% + 3.1% 88.9% 90.1% + 1.3%

Percent of Properties Sold Over List Price* 17.1% 20.8% + 21.6% 20.7% 19.4% - 6.3%

Days on Market Until Sale 95 81 - 14.7% 92 84 - 8.7%

Inventory of Homes for Sale 565 412 - 27.1% -- -- --

Months Supply of Inventory 6.9 4.4 - 36.2% -- -- --

Local Market Update – October 2016

All MLS

Springfield / Downtown / Paxon / Trout River South / Downtown Jacksonville - E

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Springfield / Downtown / Paxon / Trout River South / Downtown Jacksonville - E

- 8.3% + 1.3% + 110.1%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 07 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 80%

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,475

850

1,457

882

New Listings Closed Sales

Year to Date 2015 2016

+ 3.8%- 1.2%

145

77

133

78

New Listings Closed Sales

October 2015 2016

+ 1.3%- 8.3%

Page 29: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 27 25 - 7.4% 303 334 + 10.2%

Closed Sales 22 26 + 18.2% 236 253 + 7.2%

Median Sales Price* $127,450 $147,950 + 16.1% $130,000 $150,000 + 15.4%

Percent of Original List Price Received* 90.3% 94.7% + 4.9% 91.9% 96.5% + 5.0%

Percent of Properties Sold Over List Price* 18.2% 19.2% + 5.5% 17.4% 23.9% + 37.4%

Days on Market Until Sale 105 97 - 7.6% 94 78 - 17.0%

Inventory of Homes for Sale 115 74 - 35.7% -- -- --

Months Supply of Inventory 4.9 2.8 - 42.9% -- -- --

Local Market Update – October 2016

All MLS

Marietta / Whitehouse / Baldwin / Garden St / Dinsmore

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Marietta / Whitehouse / Baldwin / Garden St / Dinsmore

- 7.4% + 18.2% + 16.1%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 08 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

+ 140%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

303

236

334

253

New Listings Closed Sales

Year to Date 2015 2016

+ 7.2%+ 10.2%

27

2225 26

New Listings Closed Sales

October 2015 2016

+ 18.2%- 7.4%

Page 30: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 159 160 + 0.6% 1,621 1,594 - 1.7%

Closed Sales 111 107 - 3.6% 1,097 1,199 + 9.3%

Median Sales Price* $175,000 $169,900 - 2.9% $168,000 $180,000 + 7.1%

Percent of Original List Price Received* 95.0% 95.9% + 0.9% 94.8% 96.1% + 1.4%

Percent of Properties Sold Over List Price* 12.6% 21.5% + 70.6% 17.5% 20.7% + 18.3%

Days on Market Until Sale 96 72 - 25.0% 88 81 - 8.0%

Inventory of Homes for Sale 544 428 - 21.3% -- -- --

Months Supply of Inventory 4.9 3.5 - 28.6% -- -- --

Local Market Update – October 2016

All MLS

Jacksonville - North

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Jacksonville - North+ 0.6% - 3.6% - 2.9%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 09 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

+ 30%

+ 35%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,621

1,097

1,594

1,199

New Listings Closed Sales

Year to Date 2015 2016

+ 9.3%- 1.7%

159

111

160

107

New Listings Closed Sales

October 2015 2016

- 3.6%+ 0.6%

Page 31: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 64 59 - 7.8% 806 781 - 3.1%

Closed Sales 44 45 + 2.3% 522 517 - 1.0%

Median Sales Price* $226,450 $261,500 + 15.5% $228,000 $249,000 + 9.2%

Percent of Original List Price Received* 94.1% 95.3% + 1.3% 94.4% 95.7% + 1.4%

Percent of Properties Sold Over List Price* 18.2% 26.7% + 46.7% 11.5% 17.2% + 49.6%

Days on Market Until Sale 78 91 + 16.7% 74 70 - 5.4%

Inventory of Homes for Sale 214 214 0.0% -- -- --

Months Supply of Inventory 4.3 4.2 - 2.3% -- -- --

Local Market Update – October 2016

All MLS

Fleming Island Area

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Fleming Island Area- 7.8% + 2.3% + 15.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 12 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

806

522

781

517

New Listings Closed Sales

Year to Date 2015 2016

- 1.0%- 3.1%

64

44

59

45

New Listings Closed Sales

October 2015 2016

+ 2.3%- 7.8%

Page 32: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 194 138 - 28.9% 1,999 1,845 - 7.7%

Closed Sales 148 148 0.0% 1,588 1,489 - 6.2%

Median Sales Price* $149,000 $161,000 + 8.1% $150,000 $159,912 + 6.6%

Percent of Original List Price Received* 95.5% 96.9% + 1.5% 94.6% 95.9% + 1.4%

Percent of Properties Sold Over List Price* 20.3% 23.6% + 16.3% 17.6% 19.2% + 9.1%

Days on Market Until Sale 66 69 + 4.5% 81 71 - 12.3%

Inventory of Homes for Sale 544 426 - 21.7% -- -- --

Months Supply of Inventory 3.5 2.9 - 17.1% -- -- --

Local Market Update – October 2016

All MLS

Orange Park

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Orange Park- 28.9% 0.0% + 8.1%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 13 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,999

1,5881,845

1,489

New Listings Closed Sales

Year to Date 2015 2016

- 6.2%- 7.7%

194

148138 148

New Listings Closed Sales

October 2015 2016

0.0%- 28.9%

Page 33: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 90 92 + 2.2% 1,167 1,068 - 8.5%

Closed Sales 76 76 0.0% 859 852 - 0.8%

Median Sales Price* $145,000 $173,245 + 19.5% $155,000 $166,795 + 7.6%

Percent of Original List Price Received* 92.9% 94.9% + 2.2% 94.1% 94.3% + 0.2%

Percent of Properties Sold Over List Price* 17.1% 10.5% - 38.6% 19.7% 15.1% - 23.4%

Days on Market Until Sale 105 75 - 28.6% 89 79 - 11.2%

Inventory of Homes for Sale 373 289 - 22.5% -- -- --

Months Supply of Inventory 4.5 3.5 - 22.2% -- -- --

Local Market Update – October 2016

All MLS

Middleburg Vicinity

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Middleburg Vicinity+ 2.2% 0.0% + 19.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 14 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,167

8591,068

852

New Listings Closed Sales

Year to Date 2015 2016

- 0.8%- 8.5%

9076

9276

New Listings Closed Sales

October 2015 2016

0.0%+ 2.2%

Page 34: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 12 17 + 41.7% 219 249 + 13.7%

Closed Sales 21 8 - 61.9% 151 145 - 4.0%

Median Sales Price* $64,500 $47,500 - 26.4% $76,000 $92,000 + 21.1%

Percent of Original List Price Received* 81.7% 79.0% - 3.3% 87.5% 89.7% + 2.5%

Percent of Properties Sold Over List Price* 0.0% 0.0% -- 14.6% 10.3% - 29.5%

Days on Market Until Sale 169 229 + 35.5% 125 124 - 0.8%

Inventory of Homes for Sale 128 120 - 6.3% -- -- --

Months Supply of Inventory 8.3 8.2 - 1.2% -- -- --

Local Market Update – October 2016

All MLS

Keystone Heights Vicinity

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Keystone Heights Vicinity

+ 41.7% - 61.9% - 26.4%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 15 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

219

151

249

145

New Listings Closed Sales

Year to Date 2015 2016

- 4.0%+ 13.7%

12

2117

8

New Listings Closed Sales

October 2015 2016

- 61.9%+ 41.7%

Page 35: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 32 15 - 53.1% 391 286 - 26.9%

Closed Sales 27 19 - 29.6% 228 231 + 1.3%

Median Sales Price* $175,000 $215,000 + 22.9% $160,093 $208,455 + 30.2%

Percent of Original List Price Received* 96.2% 96.1% - 0.1% 92.8% 95.6% + 3.0%

Percent of Properties Sold Over List Price* 18.5% 36.8% + 98.9% 15.8% 21.3% + 34.8%

Days on Market Until Sale 79 81 + 2.5% 89 92 + 3.4%

Inventory of Homes for Sale 143 92 - 35.7% -- -- --

Months Supply of Inventory 6.1 4.0 - 34.4% -- -- --

Local Market Update – October 2016

All MLS

Green Cove Springs

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Green Cove Springs- 53.1% - 29.6% + 22.9%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 16 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

391

228286

231

New Listings Closed Sales

Year to Date 2015 2016

+ 1.3%- 26.9%

3227

1519

New Listings Closed Sales

October 2015 2016

- 29.6%- 53.1%

Page 36: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 69 47 - 31.9% 804 676 - 15.9%

Closed Sales 60 35 - 41.7% 566 517 - 8.7%

Median Sales Price* $323,250 $320,000 - 1.0% $305,000 $316,500 + 3.8%

Percent of Original List Price Received* 94.9% 95.4% + 0.5% 94.2% 95.1% + 1.0%

Percent of Properties Sold Over List Price* 15.0% 8.6% - 42.7% 11.8% 8.1% - 31.4%

Days on Market Until Sale 70 53 - 24.3% 80 80 0.0%

Inventory of Homes for Sale 241 175 - 27.4% -- -- --

Months Supply of Inventory 4.4 3.5 - 20.5% -- -- --

Local Market Update – October 2016

All MLS

Jacksonville Beach

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Jacksonville Beach- 31.9% - 41.7% - 1.0%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 21 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 30%

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

804

566676

517

New Listings Closed Sales

Year to Date 2015 2016

- 8.7%- 15.9%

6960

4735

New Listings Closed Sales

October 2015 2016

- 41.7%- 31.9%

Page 37: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 8 13 + 62.5% 157 142 - 9.6%

Closed Sales 9 5 - 44.4% 111 94 - 15.3%

Median Sales Price* $342,500 $399,000 + 16.5% $325,000 $355,000 + 9.2%

Percent of Original List Price Received* 87.1% 93.1% + 6.9% 92.8% 95.5% + 2.9%

Percent of Properties Sold Over List Price* 0.0% 0.0% -- 16.2% 14.9% - 8.0%

Days on Market Until Sale 101 69 - 31.7% 84 60 - 28.6%

Inventory of Homes for Sale 44 45 + 2.3% -- -- --

Months Supply of Inventory 4.3 4.8 + 11.6% -- -- --

Local Market Update – October 2016

All MLS

Neptune Beach

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Neptune Beach+ 62.5% - 44.4% + 16.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 22 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

157

111

142

94

New Listings Closed Sales

Year to Date 2015 2016

- 15.3%- 9.6%

89

13

5

New Listings Closed Sales

October 2015 2016

- 44.4%+ 62.5%

Page 38: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 40 32 - 20.0% 424 399 - 5.9%

Closed Sales 32 18 - 43.8% 292 278 - 4.8%

Median Sales Price* $239,500 $220,000 - 8.1% $220,000 $264,950 + 20.4%

Percent of Original List Price Received* 95.8% 93.4% - 2.5% 94.0% 94.6% + 0.6%

Percent of Properties Sold Over List Price* 15.6% 16.7% + 7.1% 14.7% 15.5% + 5.4%

Days on Market Until Sale 66 62 - 6.1% 78 71 - 9.0%

Inventory of Homes for Sale 130 116 - 10.8% -- -- --

Months Supply of Inventory 4.4 4.2 - 4.5% -- -- --

Local Market Update – October 2016

All MLS

Atlantic Beach

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Atlantic Beach- 20.0% - 43.8% - 8.1%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 23 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

424

292

399

278

New Listings Closed Sales

Year to Date 2015 2016

- 4.8%- 5.9%

40

3232

18

New Listings Closed Sales

October 2015 2016

- 43.8%- 20.0%

Page 39: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 19 17 - 10.5% 281 264 - 6.0%

Closed Sales 14 6 - 57.1% 167 164 - 1.8%

Median Sales Price* $262,500 $409,500 + 56.0% $431,000 $362,819 - 15.8%

Percent of Original List Price Received* 92.1% 90.9% - 1.3% 92.6% 93.1% + 0.5%

Percent of Properties Sold Over List Price* 14.3% 16.7% + 16.8% 10.8% 7.3% - 32.4%

Days on Market Until Sale 117 92 - 21.4% 99 85 - 14.1%

Inventory of Homes for Sale 113 103 - 8.8% -- -- --

Months Supply of Inventory 6.6 6.5 - 1.5% -- -- --

Local Market Update – October 2016

All MLS

NE St. Johns County – Ponte Vedra Beach North

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

NE St. Johns County – Ponte Vedra Beach North

- 10.5% - 57.1% + 56.0%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 25 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 80%

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

+ 140%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

281

167

264

164

New Listings Closed Sales

Year to Date 2015 2016

- 1.8%- 6.0%

19

1417

6

New Listings Closed Sales

October 2015 2016

- 57.1%- 10.5%

Page 40: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 74 55 - 25.7% 862 926 + 7.4%

Closed Sales 51 40 - 21.6% 582 541 - 7.0%

Median Sales Price* $355,000 $467,500 + 31.7% $395,000 $440,000 + 11.4%

Percent of Original List Price Received* 91.3% 93.5% + 2.4% 93.3% 93.5% + 0.2%

Percent of Properties Sold Over List Price* 7.8% 5.0% - 35.9% 7.2% 4.4% - 38.9%

Days on Market Until Sale 108 95 - 12.0% 110 104 - 5.5%

Inventory of Homes for Sale 361 336 - 6.9% -- -- --

Months Supply of Inventory 6.3 6.3 0.0% -- -- --

Local Market Update – October 2016

All MLS

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley

- 25.7% - 21.6% + 31.7%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 26 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

862

582

926

541

New Listings Closed Sales

Year to Date 2015 2016

- 7.0%+ 7.4%

74

5155

40

New Listings Closed Sales

October 2015 2016

- 21.6%- 25.7%

Page 41: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 71 50 - 29.6% 772 879 + 13.9%

Closed Sales 42 40 - 4.8% 528 698 + 32.2%

Median Sales Price* $389,761 $381,918 - 2.0% $378,419 $376,778 - 0.4%

Percent of Original List Price Received* 99.7% 99.3% - 0.4% 98.8% 98.4% - 0.4%

Percent of Properties Sold Over List Price* 23.8% 22.5% - 5.5% 22.3% 22.5% + 0.9%

Days on Market Until Sale 54 121 + 124.1% 60 66 + 10.0%

Inventory of Homes for Sale 179 236 + 31.8% -- -- --

Months Supply of Inventory 3.0 3.6 + 20.0% -- -- --

Local Market Update – October 2016

All MLS

Ponte Vedra / Nocatee (St. Johns County)

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Ponte Vedra / Nocatee (St. Johns County)

- 29.6% - 4.8% - 2.0%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 27 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

772

528

879

698

New Listings Closed Sales

Year to Date 2015 2016

+ 32.2%+ 13.9%

71

4250

40

New Listings Closed Sales

October 2015 2016

- 4.8%- 29.6%

Page 42: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 192 182 - 5.2% 2,677 3,000 + 12.1%

Closed Sales 170 147 - 13.5% 1,968 2,148 + 9.1%

Median Sales Price* $258,950 $292,445 + 12.9% $264,000 $281,721 + 6.7%

Percent of Original List Price Received* 96.1% 96.7% + 0.6% 95.9% 96.5% + 0.6%

Percent of Properties Sold Over List Price* 15.3% 14.4% - 5.9% 13.2% 15.9% + 20.5%

Days on Market Until Sale 69 68 - 1.4% 81 74 - 8.6%

Inventory of Homes for Sale 847 826 - 2.5% -- -- --

Months Supply of Inventory 4.4 4.0 - 9.1% -- -- --

Local Market Update – October 2016

All MLS

St. Johns County - NW

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - NW

- 5.2% - 13.5% + 12.9%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 30 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

2,677

1,968

3,000

2,148

New Listings Closed Sales

Year to Date 2015 2016

+ 9.1%+ 12.1%

192170182

147

New Listings Closed Sales

October 2015 2016

- 13.5%- 5.2%

Page 43: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 24 22 - 8.3% 387 391 + 1.0%

Closed Sales 24 20 - 16.7% 221 280 + 26.7%

Median Sales Price* $348,435 $295,495 - 15.2% $355,000 $349,895 - 1.4%

Percent of Original List Price Received* 95.9% 94.5% - 1.5% 96.4% 95.8% - 0.6%

Percent of Properties Sold Over List Price* 8.3% 5.0% - 39.8% 12.2% 8.6% - 29.5%

Days on Market Until Sale 95 103 + 8.4% 107 111 + 3.7%

Inventory of Homes for Sale 160 158 - 1.3% -- -- --

Months Supply of Inventory 7.1 5.9 - 16.9% -- -- --

Local Market Update – October 2016

All MLS

St. Johns County - NE

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - NE

- 8.3% - 16.7% - 15.2%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 31 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

387

221

391

280

New Listings Closed Sales

Year to Date 2015 2016

+ 26.7%+ 1.0%

24 2422

20

New Listings Closed Sales

October 2015 2016

- 16.7%- 8.3%

Page 44: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 19 9 - 52.6% 159 173 + 8.8%

Closed Sales 4 3 - 25.0% 105 111 + 5.7%

Median Sales Price* $275,000 $324,000 + 17.8% $275,000 $266,500 - 3.1%

Percent of Original List Price Received* 96.0% 94.4% - 1.7% 92.5% 91.7% - 0.9%

Percent of Properties Sold Over List Price* 25.0% 0.0% - 100.0% 4.8% 4.5% - 6.3%

Days on Market Until Sale 50 62 + 24.0% 94 114 + 21.3%

Inventory of Homes for Sale 83 73 - 12.0% -- -- --

Months Supply of Inventory 8.3 6.5 - 21.7% -- -- --

Local Market Update – October 2016

All MLS

St. Johns County - St. Augustine Area - East of US 1

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - St. Augustine Area - East of US 1

- 52.6% - 25.0% + 17.8%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 32 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

159

105

173

111

New Listings Closed Sales

Year to Date 2015 2016

+ 5.7%+ 8.8%

19

4

9

3

New Listings Closed Sales

October 2015 2016

- 25.0%- 52.6%

Page 45: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 131 71 - 45.8% 1,133 1,282 + 13.2%

Closed Sales 69 78 + 13.0% 780 921 + 18.1%

Median Sales Price* $233,000 $229,995 - 1.3% $203,150 $225,000 + 10.8%

Percent of Original List Price Received* 95.4% 96.3% + 0.9% 94.9% 95.1% + 0.2%

Percent of Properties Sold Over List Price* 8.7% 6.4% - 26.4% 11.8% 7.9% - 33.1%

Days on Market Until Sale 81 105 + 29.6% 92 93 + 1.1%

Inventory of Homes for Sale 442 411 - 7.0% -- -- --

Months Supply of Inventory 5.6 4.5 - 19.6% -- -- --

Local Market Update – October 2016

All MLS

St. Johns County - SE

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - SE

- 45.8% + 13.0% - 1.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 33 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,133

780

1,282

921

New Listings Closed Sales

Year to Date 2015 2016

+ 18.1%+ 13.2%

131

6971 78

New Listings Closed Sales

October 2015 2016

+ 13.0%- 45.8%

Page 46: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 17 11 - 35.3% 131 143 + 9.2%

Closed Sales 12 9 - 25.0% 90 87 - 3.3%

Median Sales Price* $117,450 $119,500 + 1.7% $137,250 $139,950 + 2.0%

Percent of Original List Price Received* 91.3% 106.9% + 17.1% 89.5% 93.4% + 4.4%

Percent of Properties Sold Over List Price* 0.0% 22.2% -- 10.0% 14.9% + 49.0%

Days on Market Until Sale 149 65 - 56.4% 102 86 - 15.7%

Inventory of Homes for Sale 54 36 - 33.3% -- -- --

Months Supply of Inventory 6.8 4.0 - 41.2% -- -- --

Local Market Update – October 2016

All MLS

St. Johns County - SW

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - SW

- 35.3% - 25.0% + 1.7%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 34 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 100%

- 50%

0%

+ 50%

+ 100%

+ 150%

+ 200%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

131

90

143

87

New Listings Closed Sales

Year to Date 2015 2016

- 3.3%+ 9.2%

17

12119

New Listings Closed Sales

October 2015 2016

- 25.0%- 35.3%

Page 47: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 53 28 - 47.2% 515 438 - 15.0%

Closed Sales 27 23 - 14.8% 331 313 - 5.4%

Median Sales Price* $80,000 $55,000 - 31.3% $64,000 $74,900 + 17.0%

Percent of Original List Price Received* 87.6% 85.6% - 2.3% 85.5% 88.3% + 3.3%

Percent of Properties Sold Over List Price* 11.1% 13.0% + 17.1% 8.8% 13.4% + 52.3%

Days on Market Until Sale 119 74 - 37.8% 128 111 - 13.3%

Inventory of Homes for Sale 290 203 - 30.0% -- -- --

Months Supply of Inventory 8.9 6.3 - 29.2% -- -- --

Local Market Update – October 2016

All MLS

Putnam County NE

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County NE- 47.2% - 14.8% - 31.3%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 56 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

515

331

438

313

New Listings Closed Sales

Year to Date 2015 2016

- 5.4%- 15.0%

53

272823

New Listings Closed Sales

October 2015 2016

- 14.8%- 47.2%

Page 48: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 36 19 - 47.2% 320 287 - 10.3%

Closed Sales 24 12 - 50.0% 215 201 - 6.5%

Median Sales Price* $49,500 $33,500 - 32.3% $39,500 $44,095 + 11.6%

Percent of Original List Price Received* 81.3% 82.6% + 1.6% 83.6% 85.6% + 2.4%

Percent of Properties Sold Over List Price* 8.3% 16.7% + 101.2% 11.4% 9.6% - 15.8%

Days on Market Until Sale 170 123 - 27.6% 154 129 - 16.2%

Inventory of Homes for Sale 202 139 - 31.2% -- -- --

Months Supply of Inventory 9.8 6.8 - 30.6% -- -- --

Local Market Update – October 2016

All MLS

Putnam County - West

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County - West

- 47.2% - 50.0% - 32.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 57 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

320

215

287

201

New Listings Closed Sales

Year to Date 2015 2016

- 6.5%- 10.3%

36

2419

12

New Listings Closed Sales

October 2015 2016

- 50.0%- 47.2%

Page 49: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 32 21 - 34.4% 351 325 - 7.4%

Closed Sales 21 18 - 14.3% 205 248 + 21.0%

Median Sales Price* $49,900 $80,500 + 61.3% $49,900 $65,000 + 30.3%

Percent of Original List Price Received* 80.6% 86.4% + 7.2% 83.8% 87.4% + 4.3%

Percent of Properties Sold Over List Price* 14.3% 11.1% - 22.4% 7.4% 8.1% + 9.5%

Days on Market Until Sale 171 169 - 1.2% 155 143 - 7.7%

Inventory of Homes for Sale 230 154 - 33.0% -- -- --

Months Supply of Inventory 12.0 6.1 - 49.2% -- -- --

Local Market Update – October 2016

All MLS

Putnam County - South

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County - South

- 34.4% - 14.3% + 61.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 58 October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

351

205

325

248

New Listings Closed Sales

Year to Date 2015 2016

+ 21.0%- 7.4%

32

212118

New Listings Closed Sales

October 2015 2016

- 14.3%- 34.4%

Page 50: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 33 25 - 24.2% 261 245 - 6.1%

Closed Sales 24 20 - 16.7% 192 179 - 6.8%

Median Sales Price* $119,500 $176,750 + 47.9% $136,500 $135,000 - 1.1%

Percent of Original List Price Received* 95.7% 91.1% - 4.8% 91.6% 91.7% + 0.1%

Percent of Properties Sold Over List Price* 33.3% 15.0% - 55.0% 17.2% 15.3% - 11.0%

Days on Market Until Sale 106 100 - 5.7% 109 104 - 4.6%

Inventory of Homes for Sale 115 83 - 27.8% -- -- --

Months Supply of Inventory 6.2 4.7 - 24.2% -- -- --

Local Market Update – October 2016

All MLS

Baker County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Baker County- 24.2% - 16.7% + 47.9%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

261

192

245

179

New Listings Closed Sales

Year to Date 2015 2016

- 6.8%- 6.1%

33

242520

New Listings Closed Sales

October 2015 2016

- 16.7%- 24.2%

Page 51: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 387 320 - 17.3% 4,545 4,179 - 8.1%

Closed Sales 315 293 - 7.0% 3,328 3,191 - 4.1%

Median Sales Price* $154,900 $176,000 + 13.6% $159,900 $170,500 + 6.6%

Percent of Original List Price Received* 93.9% 95.6% + 1.8% 94.0% 95.2% + 1.3%

Percent of Properties Sold Over List Price* 17.8% 21.2% + 19.1% 16.9% 17.6% + 4.1%

Days on Market Until Sale 85 79 - 7.1% 85 77 - 9.4%

Inventory of Homes for Sale 1,387 1,137 - 18.0% -- -- --

Months Supply of Inventory 4.3 3.6 - 16.3% -- -- --

Local Market Update – October 2016

All MLS

Clay County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Clay County- 17.3% - 7.0% + 13.6%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

4,545

3,328

4,179

3,191

New Listings Closed Sales

Year to Date 2015 2016

- 4.1%- 8.1%

387315320 293

New Listings Closed Sales

October 2015 2016

- 7.0%- 17.3%

Page 52: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 1,650 1,362 - 17.5% 17,888 17,292 - 3.3%

Closed Sales 1,203 1,090 - 9.4% 12,872 13,090 + 1.7%

Median Sales Price* $155,000 $165,000 + 6.5% $150,000 $163,753 + 9.2%

Percent of Original List Price Received* 93.9% 95.1% + 1.3% 93.9% 95.2% + 1.4%

Percent of Properties Sold Over List Price* 14.8% 15.6% + 5.4% 17.4% 17.3% - 0.6%

Days on Market Until Sale 75 69 - 8.0% 76 69 - 9.2%

Inventory of Homes for Sale 5,325 4,157 - 21.9% -- -- --

Months Supply of Inventory 4.2 3.2 - 23.8% -- -- --

Local Market Update – October 2016

All MLS

Duval County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Duval County- 17.5% - 9.4% + 6.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

17,888

12,872

17,292

13,090

New Listings Closed Sales

Year to Date 2015 2016

+ 1.7%- 3.3%

1,650

1,2031,362

1,090

New Listings Closed Sales

October 2015 2016

- 9.4%- 17.5%

Page 53: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 168 78 - 53.6% 1,357 1,143 - 15.8%

Closed Sales 96 66 - 31.3% 807 927 + 14.9%

Median Sales Price* $202,800 $210,850 + 4.0% $197,000 $205,968 + 4.6%

Percent of Original List Price Received* 94.3% 95.8% + 1.6% 94.2% 95.0% + 0.8%

Percent of Properties Sold Over List Price* 28.1% 30.3% + 7.8% 21.7% 24.4% + 12.4%

Days on Market Until Sale 67 88 + 31.3% 88 91 + 3.4%

Inventory of Homes for Sale 548 402 - 26.6% -- -- --

Months Supply of Inventory 6.5 4.6 - 29.2% -- -- --

Local Market Update – October 2016

All MLS

Nassau County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Nassau County- 53.6% - 31.3% + 4.0%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,357

807

1,143927

New Listings Closed Sales

Year to Date 2015 2016

+ 14.9%- 15.8%

168

9678

66

New Listings Closed Sales

October 2015 2016

- 31.3%- 53.6%

Page 54: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 121 68 - 43.8% 1,187 1,049 - 11.6%

Closed Sales 72 53 - 26.4% 748 765 + 2.3%

Median Sales Price* $59,000 $62,000 + 5.1% $54,950 $63,000 + 14.6%

Percent of Original List Price Received* 83.5% 85.2% + 2.0% 84.6% 87.3% + 3.2%

Percent of Properties Sold Over List Price* 11.1% 13.2% + 18.9% 9.0% 10.8% + 20.0%

Days on Market Until Sale 151 117 - 22.5% 143 126 - 11.9%

Inventory of Homes for Sale 726 495 - 31.8% -- -- --

Months Supply of Inventory 10.1 6.4 - 36.6% -- -- --

Local Market Update – October 2016

All MLS

Putnam County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County- 43.8% - 26.4% + 5.1%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,187

748

1,049

765

New Listings Closed Sales

Year to Date 2015 2016

+ 2.3%- 11.6%

121

726853

New Listings Closed Sales

October 2015 2016

- 26.4%- 43.8%

Page 55: Monthly Indicators - NEFAR.com · October 2016 Quick Facts Market predictions have been, in a word, predictable. A relatively comfortable pace Market Overview 2 New Listings 3 Pending

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2015 2016 + / – 2015 2016 + / –

New Listings 547 414 - 24.3% 6,369 6,979 + 9.6%

Closed Sales 384 337 - 12.2% 4,406 4,916 + 11.6%

Median Sales Price* $274,200 $291,945 + 6.5% $280,100 $295,000 + 5.3%

Percent of Original List Price Received* 95.5% 96.5% + 1.0% 95.4% 95.9% + 0.5%

Percent of Properties Sold Over List Price* 13.3% 11.3% - 15.0% 12.7% 13.1% + 3.1%

Days on Market Until Sale 80 89 + 11.3% 87 84 - 3.4%

Inventory of Homes for Sale 2,236 2,154 - 3.7% -- -- --

Months Supply of Inventory 5.1 4.5 - 11.8% -- -- --

Local Market Update – October 2016

All MLS

St. Johns County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County- 24.3% - 12.2% + 6.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of November 8, 2016. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

6,369

4,406

6,979

4,916

New Listings Closed Sales

Year to Date 2015 2016

+ 11.6%+ 9.6%

547

384414337

New Listings Closed Sales

October 2015 2016

- 12.2%- 24.3%