monthly market detail - april 2017 single family …2017/04/05 · months supply of inventory 4.9...

This report describes member activity for the association and is not confined to any specific geographic area.

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, May 24, 2017. Historical data revised on Monday, January 16, 2017. Next data release is Wednesday, June 21, 2017.

5.6%

773 -15.0%

Percent Change

Year-over-Year

0.4%

836 -4.5%

Closed Sales

541

89 Days

1,002 3.8%

2,988 -12.2%

5.8 -15.5%

April 2017

Median Percent of Original

List Price Received

Median Time to Contract

94 Days

657

Median Time to Sale

New Pending Sales

New Listings

Month

798

Pending Inventory 1,040

Inventory (Active Listings) 2,623

Months Supply of Inventory 4.9

Summary Statistics

Closed Sales

Paid in Cash

95.1%

April 2017

$146,500Median Sale Price

Average Sale Price

Dollar Volume

April 2016Percent Change

Year-over-Year

197 241 -18.3%

541 539 0.4%

$128,900 13.7%

$87.5 Million $85.9 Million 1.8%

$161,717 $159,435 1.4%

94.8% 0.3%

47 Days 55 Days -14.5%

December 2016 557

November 2016 441

October 2016 500

April 2016 539

September 2016 566

August 2016 578

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next. -9.9%

July 2016 520

June 2016 620

-11.1%

2.5%

13.7%

11.0%

5.5%

3.1%

14.0%

-0.2%

May 2016 621

March 2017 609 12.4%

-5.8%

6.9%

February 2017 438

January 2017 419

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A

Monthly Market Detail - April 2017

Ocala/Marion County Association of REALTORS®Single Family Homes

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Closed SalesThe number of sales transactions which closed during the month




Month Cash SalesPercent Change

Year-over-Year

April 2017 197 -18.3%

March 2017 236 -5.2%

February 2017 211 -10.6%

January 2017 195 1.6%

Economists' note : Cash Sales can be a useful indicator of the extent to

which investors are participating in the market. Why? Investors are

far more likely to have the funds to purchase a home available up front,

whereas the typical homebuyer requires a mortgage or some other

form of financing. There are, of course, many possible exceptions, so

this statistic should be interpreted with care.

December 2016 217 -15.6%

November 2016 207 0.0%

October 2016 220 -1.8%

September 2016 237 -4.8%

August 2016 258 16.7%

July 2016 191 -27.1%

June 2016 245 -17.8%

May 2016 265 2.3%

April 2016 241 -18.6%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

April 2017 36.4% -18.6%

March 2017 38.8% -15.5%

February 2017 48.2% -5.1%

January 2017 46.5% -5.1%

Economists' note : This statistic is simply another way of viewing

Cash Sales. The remaining percentages of Closed Sales (i.e. those not

paid fully in cash) each month involved some sort of financing, such as

mortgages, owner/seller financing, assumed loans, etc.

December 2016 39.0% -23.8%

November 2016 46.9% -5.3%

October 2016 44.0% -1.6%

September 2016 41.9% -7.7%

August 2016 44.6% 2.3%

July 2016 36.7% -18.1%

June 2016 39.5% -19.9%

May 2016 42.7% -9.9%

April 2016 44.7% -9.7%



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Cash SalesThe number of Closed Sales during the month in which buyers exclusively paid in cash

2013 2014 2015 2016

Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the month which were Cash Sales




Month Median Sale PricePercent Change

Year-over-Year

April 2017 $146,500 13.7%

September 2016 $140,000 12.9%

March 2017 $142,000 11.6%

February 2017 $138,350 16.3%

November 2016 $138,000 13.1%

October 2016 $130,000 14.0%

January 2017 $141,500 31.0%

December 2016 $139,000 13.9%

August 2016 $135,000 12.5%

July 2016 $141,000 19.1%

June 2016 $133,000 14.7%

May 2016 $129,900 15.7%

April 2016 $128,900 15.6%

Month Average Sale PricePercent Change

Year-over-Year

April 2017 $161,717 1.4%

March 2017 $167,493 0.8%

February 2017 $168,221 13.9%

January 2017 $167,426 22.9%

September 2016 $172,638 17.1%

August 2016 $163,103 12.2%

12.4%

November 2016 $166,283 13.6%

October 2016 $153,568 7.7%

Economists' note : Median Sale Price is our preferred summary

statistic for price activity because, unlike Average Sale Price, Median

Sale Price is not sensitive to high sale prices for small numbers of

homes that may not be characteristic of the market area. Keep in mind

that median price trends over time are not always solely caused by

changes in the general value of local real estate. Median sale price only

reflects the values of the homes that sold each month, and the mix of

the types of homes that sell can change over time.

Economists' note : Usually, we prefer Median Sale Price over Average

Sale Price as a summary statistic for home prices. However, Average

Sale Price does have its uses—particularly when it is analyzed

alongside the Median Sale Price. For one, the relative difference

between the two statistics can provide some insight into the market for

higher-end homes in an area.May 2016 $159,171 -0.9%

April 2016 $159,435 16.4%

July 2016 $172,585 18.9%

June 2016 $166,607 14.2%

December 2016 $161,609



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2013 2014 2015 2016


Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

2013 2014 2015 2016

Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)




Month Dollar VolumePercent Change

Year-over-Year

April 2017 $87.5 Million 1.8%

March 2017 $102.0 Million 13.2%

February 2017 $73.7 Million 7.3%

January 2017 $70.2 Million 31.4%

Economists' note : Dollar Volume is simply the sum of all sale prices

in a given time period, and can quickly be calculated by multiplying

Closed Sales by Average Sale Price. It is a strong indicator of the health

of the real estate industry in a market, and is of particular interest to

real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely

be better served by paying attention to trends in the two components

of Dollar Volume (i.e. sales and prices) individually.

December 2016 $90.0 Million 24.7%

November 2016 $73.3 Million 19.9%

October 2016 $76.8 Million 7.4%

September 2016 $97.7 Million 20.7%

August 2016 $94.3 Million 27.9%

July 2016 $89.7 Million 5.7%

June 2016 $103.3 Million 17.1%

May 2016 $98.8 Million 12.7%


MonthMed. Pct. of Orig. List

Price Received

Percent Change

Year-over-Year

April 2017 95.1% 0.3%

March 2017 96.2% 2.3%

February 2017 95.9% 1.5%

January 2017 95.5% 1.2%

September 2016 94.5% 0.3%

August 2016 95.4% 1.5%

November 2016 95.1% 0.6%

October 2016 95.5% 1.3%Economists' note : The Median Percent of Original List Price Received

is useful as an indicator of market recovery, since it typically rises as

buyers realize that the market may be moving away from them and

they need to match the selling price (or better it) in order to get a

contract on the house. This is usually the last measure to indicate a

market has shifted from down to up, so it is what we would call a

lagging indicator. May 2016 94.9% 0.4%

April 2016 94.8% 1.1%

July 2016 95.3% 1.5%

June 2016 95.3% 0.7%

December 2016 95.5% 0.6%



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2013 2014 2015 2016


Dollar VolumeThe sum of the sale prices for all sales which closed during the month

2013 2014 2015 2016

Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month




MonthMedian Time to

Contract

Percent Change

Year-over-Year

April 2017 47 Days -14.5%

March 2017 51 Days -29.2%

February 2017 55 Days -9.8%

January 2017 50 Days -18.0%

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.

December 2016 48 Days -14.3%

November 2016 48 Days -25.0%

October 2016 54 Days -8.5%

September 2016 59 Days -14.5%

August 2016 54 Days -15.6%

July 2016 59 Days -16.9%

June 2016 58 Days -12.1%

May 2016 58 Days -12.1%

April 2016 55 Days -16.7%

Month Median Time to SalePercent Change

Year-over-Year

April 2017 94 Days 5.6%

March 2017 102 Days -9.7%



Economists' note : Time to Sale is a measure of the length of the home

selling process, calculated as the number of days between the initial

listing of a property and the closing of the sale. Median Time to Sale is

the amount of time the "middle" property selling this month was on

the market. That is, 50% of homes selling this month took less time to

sell, and 50% of homes took more time to sell. Median Time to Sale

gives a more accurate picture than Average Time to Sale, which can be

skewed upward by small numbers of properties taking an abnormally

long time to sell.



October 2016 100 Days 0.0%


August 2016 103 Days -1.9%

July 2016 106 Days -7.8%

June 2016 104 Days 1.0%

May 2016 95 Days -9.5%

April 2016 89 Days -16.8%


J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A0

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2013 2014 2015 2016


Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month

2013 2014 2015 2016

Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month




Month New Pending SalesPercent Change

Year-over-Year

April 2017 657 -15.0%

September 2016 584 7.6%

March 2017 730 5.0%

February 2017 612 -2.2%

November 2016 456 -2.4%

October 2016 510 -11.6%

January 2017 640 14.5%

December 2016 470 -1.1%

August 2016 652 0.0%

July 2016 610 0.8%

June 2016 584 -11.0%

May 2016 682 6.6%

April 2016 773 12.5%

Month New ListingsPercent Change

Year-over-Year

April 2017 798 -4.5%

March 2017 930 -9.3%

February 2017 812 -11.9%

January 2017 927 2.3%

September 2016 759 -9.3%

August 2016 909 9.8%

-13.4%

November 2016 733 -13.9%

October 2016 816 -12.4%Economists' note : New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages.

Economists' note : Because of the typical length of time it takes for a

sale to close, economists consider Pending Sales to be a decent

indicator of potential future Closed Sales. It is important to bear in

mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed

Sales is susceptible to changes in market conditions such as the

availability of financing for homebuyers and the inventory of

distressed properties for sale.

May 2016 765 -12.9%

April 2016 836 -13.0%

July 2016 762 -20.3%

June 2016 790 -9.9%

December 2016 645



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New Pending SalesThe number of listed properties that went under contract during the month

2013 2014 2015 2016

New ListingsThe number of properties put onto the market during the month




April 2016 5.8 -9.4%

June 2016 5.5 -8.3%

May 2016 5.7 -8.1%

August 2016 5.3 -8.6%

July 2016 5.4 -10.0%

October 2016 5.1 -13.6%

September 2016 5.2 -10.3%

December 2016 5.2 -13.3%

November 2016 5.1 -16.4%

February 2017 5.2 -14.8%

January 2017 5.3 -13.1%

April 2017 4.9 -15.5%

March 2017 5.1 -19.0%

April 2016 2,988 -7.2%

Month Months SupplyPercent Change

Year-over-Year

June 2016 2,841 -7.9%

May 2016 2,959 -6.9%

August 2016 2,762 -7.8%

July 2016 2,773 -10.8%

October 2016 2,645 -14.2%

September 2016 2,694 -11.5%

-11.8%

December 2016 2,744 -11.8%

November 2016 2,691 -14.9%Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

Economists' note : MSI is a useful indicator of market conditions. The

benchmark for a balanced market (favoring neither buyer nor seller) is

5.5 months of inventory. Anything higher is traditionally a buyers'

market, and anything lower is a sellers' market. There is no single

accepted way of calculating MSI. A common method is to divide

current Inventory by the most recent month's Closed Sales count, but

this count is a usually poor predictor of future Closed Sales due to

seasonal cycles. To eliminate seasonal effects, we use the 12-month

average of monthly Closed Sales instead.

Month InventoryPercent Change

Year-over-Year

April 2017 2,623 -12.2%

March 2017 2,730 -16.8%

February 2017 2,758 -13.8%

January 2017 2,807



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Inventory (Active Listings)The number of property listings active at the end of the month

2013 2014 2015 2016

Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates




$600,000 - $999,999 188 Days 41.4%

$1,000,000 or more (No Sales) N/A









$150,000 - $199,999 43 Days -50.6%

$200,000 - $249,999 57 Days -23.0%

$250,000 - $299,999

$400,000 - $599,999 105 Days -30.0%

106 Days 107.8%

$300,000 - $399,999 178 Days 47.1%

Economists' note: Closed Sales are one of the simplest—yet most








than changes from one month to the next.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 41 Days -31.7%

$1,000,000 or more 0 -100.0%

$250,000 - $299,999 28 -17.6%

$300,000 - $399,999 18 -18.2%

$50,000 - $99,999 26 Days -29.7%

$100,000 - $149,999

$400,000 - $599,999 9 -25.0%

$600,000 - $999,999 6 500.0%

46 Days -24.6%

$150,000 - $199,999 138 55.1%

$200,000 - $249,999 64 33.3%

$100,000 - $149,999 145 -5.8%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 22 -26.7%

$50,000 - $99,999 111 -24.5%

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$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

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$400,000 -$599,999

$600,000 -$999,999

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$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

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020406080100120140160180



Closed Sales by Sale PriceThe number of sales transactions which closed during the month

Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month




$600,000 - $999,999 152 -11.6%

$1,000,000 or more 160 1.3%

Economists' note : There are a number of ways to define and calculate







$150,000 - $199,999 487 -6.5%

$200,000 - $249,999 366 -6.2%

$250,000 - $299,999 292 3.5%

$300,000 - $399,999 273 -6.2%

$400,000 - $599,999 203 -1.9%

$50,000 - $99,999 231 -40.9%

$100,000 - $149,999 410 -13.1%

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 49 -52.9%

$600,000 - $999,999 21 90.9%

$1,000,000 or more 13 -7.1%

Economists' note: New Listings tend to rise in delayed response to





mortgages.

$150,000 - $199,999 180 22.4%

$200,000 - $249,999 111 -6.7%

$250,000 - $299,999 77 13.2%

$300,000 - $399,999 47 -28.8%

$400,000 - $599,999 40 29.0%

$50,000 - $99,999 107 -30.5%

$100,000 - $149,999 186 -1.1%

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 16 -57.9%

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$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

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$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

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New Listings by Initial Listing PriceThe number of properties put onto the market during the month

Inventory by Current Listing PriceThe number of property listings active at the end of the month


Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price



Short Sale

9 6 50.0%

$150,000 $88,000 70.5%

Foreclosure/REO

34 71 -52.1%

$80,702 $81,600 -1.1%

April 2017 April 2016Percent Change

Year-over-Year

Traditional

498 462 7.8%

$150,000 $136,500 9.9%

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2013 2014 2015 2016



Monthly Distressed Market - April 2017


2013 2014 2015 2016




0.0%

55 9.1%

Percent Change

Year-over-Year

70.6%

61 1.6%

Closed Sales

58

66 Days

74 14.9%

211 3.8%

4.6 -2.2%

April 2017


List Price Received


66 Days

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Median Time to Sale

New Pending Sales

New Listings

Month

62

Pending Inventory 85

Inventory (Active Listings) 219


Summary Statistics

Closed Sales

Paid in Cash

92.1%

April 2017


Average Sale Price

Dollar Volume


Year-over-Year

44 24 83.3%

58 34 70.6%

$48,200 7.9%


$63,340 $49,753 27.3%

95.1% -3.2%

29 Days 31 Days -6.5%

December 2016 49

November 2016 46

October 2016 43

April 2016 34

September 2016 40

August 2016 50










July 2016 36

June 2016 63

-5.3%

6.8%

13.0%

11.4%

27.8%

-9.1%

-35.9%

2.4%

May 2016 52

March 2017 58 16.0%

10.6%

8.1%

February 2017 52

January 2017 40



Ocala/Marion County Association of REALTORS®Manufactured Homes

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Year-over-Year

April 2017 44 83.3%

March 2017 45 7.1%

February 2017 39 0.0%

January 2017 30 -9.1%







December 2016 36 -5.3%

November 2016 40 25.0%

October 2016 35 12.9%

September 2016 31 -13.9%

August 2016 36 -44.6%

July 2016 30 0.0%

June 2016 47 4.4%

May 2016 41 5.1%

April 2016 24 -45.5%


Sales Paid in Cash

Percent Change

Year-over-Year

April 2017 75.9% 7.5%

March 2017 77.6% -7.6%

February 2017 75.0% -9.6%

January 2017 75.0% -15.9%





December 2016 73.5% -14.9%

November 2016 87.0% -2.1%

October 2016 81.4% 10.3%

September 2016 77.5% -5.3%

August 2016 72.0% -13.6%

July 2016 83.3% 5.6%

June 2016 74.6% -2.2%

May 2016 78.8% -7.1%

April 2016 70.6% -10.2%



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2013 2014 2015 2016






Year-over-Year

April 2017 $52,000 7.9%

September 2016 $38,525 8.2%

March 2017 $50,050 40.7%

February 2017 $40,000 2.6%

November 2016 $54,500 45.7%

October 2016 $39,900 9.3%

January 2017 $45,000 21.6%

December 2016 $50,000 31.6%

August 2016 $45,950 14.9%

July 2016 $42,000 14.3%

June 2016 $47,500 28.4%

May 2016 $47,450 26.5%

April 2016 $48,200 15.4%


Year-over-Year

April 2017 $63,340 27.3%

March 2017 $54,531 30.4%

February 2017 $53,570 7.2%

January 2017 $50,594 27.8%

September 2016 $43,429 -15.4%

August 2016 $52,439 21.0%

21.1%

November 2016 $56,839 15.6%

October 2016 $53,503 15.1%














higher-end homes in an area.May 2016 $52,429 34.4%

April 2016 $49,753 5.6%

July 2016 $51,659 20.4%

June 2016 $49,555 10.8%

December 2016 $52,846



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2013 2014 2015 2016



2013 2014 2015 2016






Year-over-Year


March 2017 $3.2 Million 51.2%














September 2016 $1.7 Million -23.1%

August 2016 $2.6 Million -22.4%

July 2016 $1.9 Million 14.0%

June 2016 $3.1 Million 18.3%

May 2016 $2.7 Million 51.9%

April 2016 $1.7 Million -35.9%


Price Received

Percent Change

Year-over-Year

April 2017 92.1% -3.2%

March 2017 94.2% 2.6%

February 2017 90.9% 1.7%

January 2017 90.1% -0.8%

September 2016 94.9% 4.9%

August 2016 94.4% 6.9%

November 2016 89.7% 0.9%







lagging indicator. May 2016 92.6% 5.9%

April 2016 95.1% 4.7%

July 2016 92.4% 4.6%

June 2016 91.2% -0.5%

December 2016 90.5% 8.5%



0%

20%

40%

60%

80%

100%

Me

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$1 M

$2 M

$3 M

$4 M

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2013 2014 2015 2016



2013 2014 2015 2016





MonthMedian Time to

Contract

Percent Change

Year-over-Year

April 2017 29 Days -6.5%

March 2017 31 Days -24.4%


January 2017 84 Days 104.9%













August 2016 35 Days -44.4%

July 2016 76 Days 2.7%

June 2016 56 Days -3.4%

May 2016 38 Days -44.9%

April 2016 31 Days -44.6%


Year-over-Year

April 2017 66 Days 0.0%

March 2017 66 Days -17.5%


January 2017 105 Days 41.9%









long time to sell.





August 2016 76 Days -16.5%

July 2016 105 Days 1.9%

June 2016 88 Days -9.3%

May 2016 75 Days -30.6%

April 2016 66 Days -17.5%



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2013 2014 2015 2016



2013 2014 2015 2016






Year-over-Year

April 2017 60 9.1%

September 2016 57 7.5%

March 2017 75 11.9%

February 2017 54 0.0%

November 2016 44 -13.7%

October 2016 54 42.1%

January 2017 62 19.2%

December 2016 50 8.7%

August 2016 53 -5.4%

July 2016 48 -33.3%

June 2016 57 16.3%

May 2016 64 16.4%

April 2016 55 -21.4%


Year-over-Year

April 2017 62 1.6%

March 2017 84 13.5%

February 2017 94 17.5%

January 2017 82 51.9%

September 2016 82 36.7%

August 2016 73 10.6%

-30.4%

November 2016 73 30.4%

October 2016 64 -8.6%Economists' note : New Listings tend to rise in delayed response to





mortgages.









May 2016 76 -1.3%

April 2016 61 -20.8%

July 2016 65 -18.8%

June 2016 58 -24.7%

December 2016 48



0

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2013 2014 2015 2016



2013 2014 2015 2016





April 2016 4.6 -24.6%

June 2016 4.1 -34.9%

May 2016 4.7 -26.6%

August 2016 4.4 -21.4%

July 2016 4.3 -31.7%

October 2016 4.4 -13.7%

September 2016 4.6 -13.2%

December 2016 4.2 -17.6%

November 2016 4.7 -6.0%

February 2017 4.9 2.1%

January 2017 4.4 -8.3%

April 2017 4.5 -2.2%

March 2017 4.8 0.0%

April 2016 211 -21.3%


Year-over-Year

June 2016 191 -31.8%

May 2016 220 -19.4%

August 2016 197 -26.5%

July 2016 201 -28.7%

October 2016 196 -19.7%

September 2016 203 -19.4%

-10.6%

December 2016 193 -20.2%

November 2016 213 -9.7%Economists' note : There are a number of ways to define and calculate

















Year-over-Year

April 2017 219 3.8%

March 2017 223 -2.6%

February 2017 228 -1.3%

January 2017 202



0.0

2.0

4.0

6.0

8.0

10.0

12.0

Mo

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0

100

200

300

400

Inve

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2013 2014 2015 2016



2013 2014 2015 2016





$600,000 - $999,999 (No Sales) N/A










$150,000 - $199,999 205 Days N/A

$200,000 - $249,999 (No Sales) N/A

$250,000 - $299,999

$400,000 - $599,999 (No Sales) N/A

(No Sales) N/A

$300,000 - $399,999 (No Sales) N/A











Contract

Percent Change

Year-over-Year

Less than $50,000 26 Days -13.3%

$1,000,000 or more 0 N/A

$250,000 - $299,999 0 N/A

$300,000 - $399,999 0 N/A

$50,000 - $99,999 35 Days 12.9%

$100,000 - $149,999

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

45 Days -43.0%

$150,000 - $199,999 2 N/A

$200,000 - $249,999 0 N/A

$100,000 - $149,999 7 600.0%


Year-over-Year

Less than $50,000 26 44.4%

$50,000 - $99,999 23 53.3%

0

50

100

150

200

250

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

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0

50

100

150

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250

0

5

10

15

20

25

30

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

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Sal

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0

5

10

15

20

25

30








$600,000 - $999,999 0 N/A

$1,000,000 or more 0 N/A








$150,000 - $199,999 11 175.0%

$200,000 - $249,999 2 -33.3%

$250,000 - $299,999 1 0.0%

$300,000 - $399,999 9 N/A

$400,000 - $599,999 0 N/A

$50,000 - $99,999 101 13.5%

$100,000 - $149,999 45 136.8%


Year-over-Year

Less than $50,000 50 -47.4%

$600,000 - $999,999 0 N/A

$1,000,000 or more 0 N/A






mortgages.

$150,000 - $199,999 1 N/A

$200,000 - $249,999 1 N/A

$250,000 - $299,999 0 -100.0%

$300,000 - $399,999 0 N/A

$400,000 - $599,999 0 N/A

$50,000 - $99,999 25 -13.8%

$100,000 - $149,999 15 400.0%


Year-over-Year

Less than $50,000 20 -28.6%

0

5

10

15

20

25

30

35

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

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0

20

40

60

80

100

120

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

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0

20

40

60

80

100

120

0

5

10

15

20

25

30

35






Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price



Short Sale

0 0 N/A

(No Sales) (No Sales) N/A

Foreclosure/REO

8 9 -11.1%

$44,250 $36,000 22.9%


Year-over-Year

Traditional

50 25 100.0%

$55,500 $52,000 6.7%

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

Me

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Pri

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0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

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2013 2014 2015 2016





2013 2014 2015 2016




-14.9%

37 -5.4%

Percent Change

Year-over-Year

78.9%

51 -27.5%

Closed Sales

34

74 Days

46 10.9%

130 -16.9%

5.4 -44.4%

April 2017


List Price Received


63 Days

35

Median Time to Sale

New Pending Sales

New Listings

Month

37

Pending Inventory 51

Inventory (Active Listings) 108


Summary Statistics

Closed Sales

Paid in Cash

93.9%

April 2017


Average Sale Price

Dollar Volume


Year-over-Year

21 13 61.5%

34 19 78.9%

$87,000 -1.7%


$100,190 $84,242 18.9%

93.2% 0.8%

22 Days 46 Days -52.2%

December 2016 43

November 2016 44

October 2016 31

April 2016 19

September 2016 38

August 2016 41










July 2016 31

June 2016 33

-11.4%

32.0%

-3.1%

95.5%

100.0%

81.0%

86.4%

40.9%

May 2016 31

March 2017 36 16.1%

105.3%

25.0%

February 2017 39

January 2017 25



Ocala/Marion County Association of REALTORS®Townhouses and Condos

0

10

20

30

40

50

Clo

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2013 2014 2015 2016






Year-over-Year

April 2017 21 61.5%

March 2017 20 11.1%

February 2017 29 93.3%

January 2017 18 20.0%







December 2016 32 100.0%

November 2016 27 42.1%

October 2016 24 118.2%

September 2016 29 107.1%

August 2016 25 56.3%

July 2016 17 -34.6%

June 2016 19 11.8%

May 2016 22 -18.5%

April 2016 13 -40.9%


Sales Paid in Cash

Percent Change

Year-over-Year

April 2017 61.8% -9.6%

March 2017 55.6% -4.3%

February 2017 74.4% -5.7%

January 2017 72.0% -4.0%





December 2016 74.4% 2.3%

November 2016 61.4% -28.9%

October 2016 77.4% 54.8%

September 2016 76.3% 14.4%

August 2016 61.0% -16.1%

July 2016 54.8% -26.2%

June 2016 57.6% -15.3%

May 2016 71.0% -15.9%

April 2016 68.4% -6.7%



0%

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40%

60%

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100%

Pct

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30

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Cas

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ale

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2013 2014 2015 2016



2013 2014 2015 2016






Year-over-Year

April 2017 $85,500 -1.7%

September 2016 $85,000 29.6%

March 2017 $84,500 53.9%

February 2017 $70,000 12.0%

November 2016 $74,500 12.5%

October 2016 $83,900 11.2%

January 2017 $65,000 -0.8%

December 2016 $65,000 -13.9%

August 2016 $73,500 -0.3%

July 2016 $84,000 31.3%

June 2016 $70,000 -10.3%

May 2016 $66,000 -5.8%

April 2016 $87,000 74.0%


Year-over-Year

April 2017 $100,190 18.9%

March 2017 $97,131 15.4%

February 2017 $85,262 17.1%

January 2017 $87,565 -13.7%

September 2016 $92,194 25.9%

August 2016 $81,932 -5.6%

-2.6%

November 2016 $79,826 12.9%

October 2016 $93,081 13.3%














higher-end homes in an area.May 2016 $78,211 -5.4%

April 2016 $84,242 22.7%

July 2016 $90,703 17.5%

June 2016 $76,343 -27.4%

December 2016 $78,746



$0K

$20K

$40K

$60K

$80K

$100K

$120K

Ave

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Sal

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$0K

$20K

$40K

$60K

$80K

$100K

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2013 2014 2015 2016



2013 2014 2015 2016






Year-over-Year


March 2017 $3.5 Million 34.1%














September 2016 $3.5 Million 127.9%

August 2016 $3.4 Million 75.9%

July 2016 $2.8 Million 4.1%

June 2016 $2.5 Million -4.1%

May 2016 $2.4 Million -8.3%

April 2016 $1.6 Million -22.3%


Price Received

Percent Change

Year-over-Year

April 2017 93.9% 0.8%

March 2017 95.9% 2.8%

February 2017 93.6% 2.2%

January 2017 94.8% 7.4%

September 2016 93.6% 2.2%

August 2016 94.5% 4.3%

November 2016 92.8% -1.5%







lagging indicator. May 2016 90.7% -3.0%

April 2016 93.2% 1.4%

July 2016 94.6% 1.7%

June 2016 95.3% 1.8%

December 2016 93.5% 0.3%



0%

20%

40%

60%

80%

100%

120%

Me

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$2 M

$3 M

$4 M

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2013 2014 2015 2016



2013 2014 2015 2016





MonthMedian Time to

Contract

Percent Change

Year-over-Year

April 2017 22 Days -52.2%

March 2017 21 Days -60.4%















August 2016 63 Days -56.3%

July 2016 48 Days -40.0%

June 2016 66 Days -43.1%

May 2016 67 Days 11.7%

April 2016 46 Days -20.7%


Year-over-Year

April 2017 63 Days -14.9%

March 2017 56 Days -52.1%











long time to sell.





August 2016 105 Days -47.8%

July 2016 94 Days -25.4%

June 2016 108 Days -25.5%

May 2016 94 Days 9.3%

April 2016 74 Days -23.7%



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2013 2014 2015 2016



2013 2014 2015 2016






Year-over-Year

April 2017 35 -5.4%

September 2016 43 79.2%

March 2017 41 17.1%

February 2017 38 52.0%

November 2016 34 36.0%

October 2016 43 65.4%

January 2017 35 59.1%

December 2016 36 38.5%

August 2016 33 65.0%

July 2016 41 70.8%

June 2016 37 15.6%

May 2016 40 29.0%

April 2016 37 -14.0%


Year-over-Year

April 2017 37 -27.5%

March 2017 65 27.5%

February 2017 45 -2.2%

January 2017 44 37.5%

September 2016 51 34.2%

August 2016 37 48.0%

16.7%

November 2016 49 28.9%

October 2016 36 9.1%Economists' note : New Listings tend to rise in delayed response to





mortgages.









May 2016 40 0.0%

April 2016 51 75.9%

July 2016 35 12.9%

June 2016 46 39.4%

December 2016 35



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2013 2014 2015 2016



2013 2014 2015 2016





April 2016 5.4 -5.3%

June 2016 5.1 -3.8%

May 2016 5.3 -8.6%

August 2016 4.5 0.0%

July 2016 4.8 -4.0%

October 2016 3.3 -28.3%

September 2016 4.2 -12.5%

December 2016 3.1 -34.0%

November 2016 3.1 -34.0%

February 2017 2.9 -44.2%

January 2017 3.1 -34.0%

April 2017 3.0 -44.4%

March 2017 3.2 -31.9%

April 2016 130 1.6%


Year-over-Year

June 2016 126 7.7%

May 2016 128 -1.5%

August 2016 118 10.3%

July 2016 118 2.6%

October 2016 94 -11.3%

September 2016 114 0.9%

-9.9%

December 2016 99 -9.2%

November 2016 93 -15.5%Economists' note : There are a number of ways to define and calculate

















Year-over-Year

April 2017 108 -16.9%

March 2017 111 -5.9%

February 2017 98 -21.0%

January 2017 100



0.0

2.0

4.0

6.0

8.0

10.0

Mo

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0

50

100

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200

Inve

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2013 2014 2015 2016



2013 2014 2015 2016





$600,000 - $999,999 (No Sales) N/A










$150,000 - $199,999 17 Days -87.7%

$200,000 - $249,999 21 Days N/A

$250,000 - $299,999

$400,000 - $599,999 (No Sales) N/A

(No Sales) N/A

$300,000 - $399,999 (No Sales) N/A











Contract

Percent Change

Year-over-Year

Less than $50,000 108 Days 575.0%

$1,000,000 or more 0 N/A

$250,000 - $299,999 0 N/A

$300,000 - $399,999 0 N/A

$50,000 - $99,999 15 Days -73.2%

$100,000 - $149,999

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

35 Days -20.5%

$150,000 - $199,999 5 400.0%

$200,000 - $249,999 1 N/A

$100,000 - $149,999 8 60.0%


Year-over-Year

Less than $50,000 3 -25.0%

$50,000 - $99,999 17 88.9%

0

20

40

60

80

100

120

140

160

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

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140

160

02468

1012141618

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

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Sal

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024681012141618








$600,000 - $999,999 3 N/A

$1,000,000 or more 0 N/A








$150,000 - $199,999 19 58.3%

$200,000 - $249,999 8 100.0%

$250,000 - $299,999 9 350.0%

$300,000 - $399,999 1 -80.0%

$400,000 - $599,999 3 200.0%

$50,000 - $99,999 38 -38.7%

$100,000 - $149,999 22 22.2%


Year-over-Year

Less than $50,000 5 -80.8%

$600,000 - $999,999 0 N/A

$1,000,000 or more 0 N/A






mortgages.

$150,000 - $199,999 6 -25.0%

$200,000 - $249,999 0 N/A

$250,000 - $299,999 3 N/A

$300,000 - $399,999 0 -100.0%

$400,000 - $599,999 2 N/A

$50,000 - $99,999 16 -36.0%

$100,000 - $149,999 10 42.9%


Year-over-Year

Less than $50,000 0 -100.0%

0

5

10

15

20

25

30

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

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ngs


0

10

20

30

40

50

60

70

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

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0

10

20

30

40

50

60

70

0

5

10

15

20

25

30






Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price



Short Sale

0 0 N/A

(No Sales) (No Sales) N/A

Foreclosure/REO

2 1 100.0%

$93,500 $87,000 7.5%


Year-over-Year

Traditional

32 18 77.8%

$85,500 $87,500 -2.3%

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

Me

dia

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Pri

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0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

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2013 2014 2015 2016





2013 2014 2015 2016

monthly market detail - april 2017 single family …2017/04/05 · months supply of inventory 4.9...

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