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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

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

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

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

affected by seasonal cycles, so actual trends are more accurately

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

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

than changes from one month to the next.

August 2021 422 4.5%

-2.6%

13.0%

July 2021 441

June 2021 520

2.2%

December 2020 423

November 2020 414

38.7%

43.3%

23.3%

67.9%

84.1%

9.0%

15.7%

52.0%

October 2020 429

September 2020 365

February 2021 327

January 2021 325

May 2021 482

April 2021 464

March 2021 520

96.8% 3.3%

11 Days 37 Days -70.3%

September 2021

Median Time to Contract

65 Days

447

Median Time to Sale

New Pending Sales

New Listings

Month

432

Pending Inventory 772

Inventory (Active Listings) 746

Months Supply of Inventory 1.7

-15.6%

500 -10.6%

Percent Change

Year-over-Year

$255,000 17.6%

$149.3 Million $109.4 Million 36.4%

$363,160 $299,809 21.1%

September 2020Percent Change

Year-over-Year

94 73 28.8%

411 365 12.6%

Summary Statistics

Closed Sales

Paid in Cash

100.0%

September 2021

$300,000Median Sale Price

Average Sale Price

Dollar Volume

Median Percent of Original

List Price Received

Year-to-Date 3,912 24.4%

12.6%

407 6.1%

Closed Sales

411

77 Days

761 1.4%

914 -18.4%

2.7 -37.0%

2017 2018 2019 2020 2021

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 M J J A S

Monthly Market Detail - September 2021

Bay County

Single-Family Homes

Closed SalesThe number of sales transactions which closed duringthe month

0

100

200

300

400

500

600

Clo

sed

Sal

es

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

20.0% -17.0%

December 2020 22.0%

January 2021 59 -25.3%

December 2020

67 -18.3%

October 2020 76 -13.6%

-2.7%

November 2020 16.2%

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.

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.

Year-to-Date 21.4% -4.0%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

October 2020 17.7% -30.0%

September 2020

September 2020 73 -15.1%

November 2020

-43.0%

May 2021 20.1% -18.6%

April 2021 21.6% 0.9%

March 2021 21.2% -7.0%

February 2021 19.9% -20.4%

January 2021 18.2% -35.2%

July 2021 25.2% 26.6%

June 2021 21.0% -0.5%

September 2021 22.9% 14.5%

August 2021 22.3% 6.2%

93 34.8%

109 12.4%

May 2021 97 36.6%

February 2021 65 -13.3%

April 2021 100 85.2%

March 2021 110 41.0%

June 2021

Month Cash SalesPercent Change

Year-over-Year

September 2021 94 28.8%

August 2021 94 10.6%

July 2021 111 23.3%

Year-to-Date 839 19.5%

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 M J J A S

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 M J J A S

0%

10%

20%

30%

40%

Pct

. of

Clo

sed

Sal

es

Pai

d in

Cas

h

0

20

40

60

80

100

120

140

Cas

h S

ale

sMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Single-Family Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

26.7%$354,617Year-to-Date

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.October 2020 $321,316 26.2%

September 2020 $299,809 10.7%

December 2020 $313,916 15.8%

November 2020 $309,759 16.0%

May 2021 $337,662 39.9%

April 2021 $336,323 19.2%

March 2021 $334,342 27.9%

February 2021 $354,073 27.4%

January 2021 $299,516 20.6%

July 2021 $400,512 38.7%

June 2021 $371,339 30.5%

September 2021 $363,160 21.1%

August 2021 $385,049 23.7%

September 2020 $255,000 5.4%

Month Average Sale PricePercent Change

Year-over-Year

November 2020 $258,200 8.5%

October 2020 $252,000 6.9%

January 2021 $255,000 13.3%

December 2020 $259,900 5.5%

$286,500 17.4%

May 2021 $290,000 24.2%

February 2021 $280,000 4.9%

August 2021 $294,950 21.8%

July 2021 $305,000 21.0%

April 2021 $270,000 13.0%

March 2021 $270,000 12.5%

June 2021

Month Median Sale PricePercent Change

Year-over-Year

September 2021 $300,000 17.6%

Year-to-Date $284,961 16.3%

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 M J J A S

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 M J J A S

$0K

$100K

$200K

$300K

$400K

$500K

Ave

rage

Sal

e P

rice

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

Me

dia

n S

ale

Pri

ceMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Single-Family Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

96.8% -0.9%

December 2020 97.1%

January 2021 $97.3 Million 39.5%

December 2020

$128.2 Million 66.2%

October 2020 $137.8 Million 55.5%

0.1%

November 2020 97.1%

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.

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.

4.0%100.0%Year-to-Date

MonthMed. Pct. of Orig.

List Price Received

Percent Change

Year-over-Year

October 2020 97.0% -0.1%

September 2020

September 2020 $109.4 Million 13.2%

November 2020

0.2%

May 2021 100.0% 4.8%

April 2021 99.5% 3.6%

March 2021 98.6% 2.7%

February 2021 97.7% 1.6%

January 2021 98.7% 3.0%

July 2021 100.0% 3.5%

June 2021 100.0% 4.2%

September 2021 100.0% 3.3%

August 2021 100.0% 4.0%

$132.8 Million 60.6%

June 2021 $193.1 Million 47.5%

May 2021 $162.8 Million 134.9%

April 2021 $156.1 Million 119.4%

March 2021 $173.9 Million 94.5%

February 2021 $115.8 Million 38.8%

August 2021 $162.5 Million 29.2%

July 2021 $176.6 Million 35.0%

Month Dollar VolumePercent Change

Year-over-Year

September 2021 $149.3 Million 36.4%

Year-to-Date $1.4 Billion 57.7%

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 M J J A S

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 M J J A S

0%

20%

40%

60%

80%

100%

120%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed

Monthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Single-Family Homes

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

2017 2018 2019 2020 2021

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

$0

$50 M

$100 M

$150 M

$200 M

$250 M

Do

llar

Vo

lum

e

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

September 2020 77 Days -2.5%

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.

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.

November 2020 81 Days 17.4%

October 2020 79 Days 19.7%

January 2021 82 Days -17.2%

December 2020 79 Days -6.0%

June 2021 67 Days -24.7%

May 2021 76 Days -11.6%

April 2021 74 Days -17.8%

March 2021 97 Days 18.3%

February 2021 101 Days 8.6%

August 2021 69 Days -28.1%

July 2021 66 Days -29.8%

Month Median Time to SalePercent Change

Year-over-Year

September 2021 65 Days -15.6%

-15.7%75 DaysYear-to-Date

October 2020 30 Days 42.9%

September 2020 37 Days 32.1%

27 Days -22.9%

November 2020 29 Days 26.1%

December 2020

May 2021 21 Days -50.0%

April 2021 21 Days -41.7%

March 2021 37 Days 0.0%

February 2021 40 Days -13.0%

January 2021 25 Days -40.5%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

September 2021 11 Days -70.3%

19 Days -56.8%Year-to-Date

August 2021 9 Days -83.6%

July 2021 12 Days -76.5%

June 2021 14 Days -69.6%

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 M J J A S

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 M J J A S0

50

100

150

200

Me

dia

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ime

to

Sa

le

0

20

40

60

80

100

Me

dia

n T

ime

to

C

on

trac

tMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Single-Family Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

Year-to-Date 4,146 6.5%

October 2020 525 10.8%

May 2021 424 -17.8%

April 2021 527 25.2%

March 2021 435 -0.2%

February 2021

September 2020 407 -11.5%

December 2020 340 3.7%

November 2020 449 28.7%

420 0.0%

January 2021 357 -14.2%

July 2021 574 31.7%

June 2021 484 19.2%

September 2021 432 6.1%

August 2021 493 13.3%

September 2020 500 64.5%

Month New ListingsPercent Change

Year-over-Year

November 2020 415 50.9%

October 2020 517 61.6%

January 2021 451 22.2%

December 2020 344 53.6%

March 2021 573 109.1%

June 2021 453 -5.6%

May 2021 539 9.6%

-11.3%

July 2021 467 -7.7%

April 2021 520 72.2%

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

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

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

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

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

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.

Month New Pending SalesPercent Change

Year-over-Year

September 2021 447 -10.6%

Year-to-Date 4,363 15.5%

February 2021 489 29.4%

August 2021 424

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 M J J A S

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 M J J A S

0

100

200

300

400

500

600

700

Ne

w L

isti

ngs

0

100

200

300

400

500

600

700

Pe

nd

ing

Sale

sMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Single-Family Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

August 2021 752 -26.3%

July 2021 659 -40.2%

Month InventoryPercent Change

Year-over-Year

September 2021 746 -18.4%

664 -44.7%YTD (Monthly Avg)

-56.6%

May 2021 501 -64.1%

April 2021 609 -58.1%

June 2021 532

955 -12.0%

March 2021 609 -55.0%

February 2021 737 -38.5%

January 2021 830 -27.8%

December 2020

September 2021 1.7 -37.0%

August 2021 1.8 -40.0%

July 2021 1.5 -54.5%

June 2021 1.2 -67.6%

May 2021 1.2 -72.1%

April 2021 1.5 -65.1%

March 2021 1.6 -59.0%

February 2021 2.0 -42.9%

-27.8%

January 2021 2.2 -33.3%

December 2020 2.6 -16.1%

September 2020 914 -14.4%

November 2020 953 -21.4%

October 2020 910 -22.2%

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.

YTD (Monthly Avg) 1.6 -55.6%

Month Months SupplyPercent Change

Year-over-Year

September 2020 2.7 -22.9%

November 2020 2.7 -25.0%

October 2020 2.6

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 M J J A S

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 M J J A S

0.0

1.0

2.0

3.0

4.0

5.0

6.0

Mo

nth

s Su

pp

ly o

f In

ven

tory

0

500

1,000

1,500

2,000

Inve

nto

ryMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Single-Family Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

$100,000 - $149,999 14 -44.0%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 3 -62.5%

$50,000 - $99,999 5 -72.2%

$150,000 - $199,999 31 -48.3%

$200,000 - $249,999 59 -13.2%

$50,000 - $99,999 1 Day -94.1%

$100,000 - $149,999

$400,000 - $599,999 72 148.3%

$600,000 - $999,999 25 177.8%

16 Days 6.7%

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.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 12 Days -33.3%

$1,000,000 or more 10 11.1%

$250,000 - $299,999 92 70.4%

$300,000 - $399,999 100 17.6%

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.

$150,000 - $199,999 21 Days -38.2%

$200,000 - $249,999 7 Days -84.4%

$250,000 - $299,999

$400,000 - $599,999 12 Days -67.6%

13 Days -66.7%

$300,000 - $399,999 8 Days -80.0%

$600,000 - $999,999 23 Days -50.0%

$1,000,000 or more 23 Days 109.1%

05

101520253035404550

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

dia

n T

ime

to

Co

ntr

act

September 2020 September 2021

05101520253035404550

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

Clo

sed

Sal

es

September 2020 September 2021

0

20

40

60

80

100

120

Monthly Market Detail - September 2021

Bay County

Single-Family Homes

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 1 -75.0%

$50,000 - $99,999 13 -13.3%

$100,000 - $149,999 12 -42.9%

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

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

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

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

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

$150,000 - $199,999 36 -35.7%

$200,000 - $249,999 45 -44.4%

$250,000 - $299,999 84 3.7%

$300,000 - $399,999 103 13.2%

$400,000 - $599,999 79 125.7%

$600,000 - $999,999 39 200.0%

$1,000,000 or more 20 100.0%

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 0 -100.0%

$50,000 - $99,999 20 -9.1%

$100,000 - $149,999 18 -52.6%

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.

$150,000 - $199,999 47 -56.1%

$200,000 - $249,999 52 -69.0%

$250,000 - $299,999 103 -34.8%

$300,000 - $399,999 179 0.0%

$400,000 - $599,999 149 23.1%

$600,000 - $999,999 99 76.8%

$1,000,000 or more 79 27.4%

020406080

100120140160180200

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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September 2020 September 2021

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

Ne

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September 2020 September 2021

020406080100120140160180200

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Monthly Market Detail - September 2021

Bay County

Single-Family Homes

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

September 2021 September 2020Percent Change

Year-over-Year

Traditional

410 362 13.3%

$300,000 $255,000 17.6%

Foreclosure/REO

0 2 -100.0%

(No Sales) $268,500 N/A

Short Sale

1 1 0.0%

$79,500 $125,500 -36.7%

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

$400K

$450K

$500K

Me

dia

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Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale

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 M J J A S

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 M J J A S

Monthly Distressed Market - September 2021

Bay CountySingle-Family Homes

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

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

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

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

affected by seasonal cycles, so actual trends are more accurately

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

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

than changes from one month to the next.

August 2021 205 -5.1%

26.9%

53.3%

July 2021 255

June 2021 259

17.6%

December 2020 218

November 2020 177

75.8%

26.4%

19.6%

186.6%

322.2%

34.1%

15.7%

105.5%

October 2020 171

September 2020 174

February 2021 173

January 2021 162

May 2021 278

April 2021 342

March 2021 298

97.3% 1.2%

13 Days 39 Days -66.7%

September 2021

Median Time to Contract

60 Days

183

Median Time to Sale

New Pending Sales

New Listings

Month

202

Pending Inventory 258

Inventory (Active Listings) 435

Months Supply of Inventory 1.9

-18.9%

203 -9.9%

Percent Change

Year-over-Year

$300,950 23.8%

$74.4 Million $54.9 Million 35.5%

$395,987 $315,660 25.4%

September 2020Percent Change

Year-over-Year

74 77 -3.9%

188 174 8.0%

Summary Statistics

Closed Sales

Paid in Cash

98.5%

September 2021

$372,500Median Sale Price

Average Sale Price

Dollar Volume

Median Percent of Original

List Price Received

Year-to-Date 2,160 59.8%

8.0%

183 10.4%

Closed Sales

188

74 Days

468 -44.9%

557 -21.9%

3.8 -50.0%

2017 2018 2019 2020 2021

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 M J J A S

Monthly Market Detail - September 2021

Bay County

Townhouses and Condos

Closed SalesThe number of sales transactions which closed duringthe month

0

100

200

300

400

Clo

sed

Sal

es

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

44.3% 33.8%

December 2020 34.9%

January 2021 67 3.1%

December 2020

64 20.8%

October 2020 73 58.7%

-9.8%

November 2020 36.2%

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.

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.

Year-to-Date 47.5% 15.6%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

October 2020 42.7% 32.6%

September 2020

September 2020 77 57.1%

November 2020

-4.5%

May 2021 54.7% 47.4%

April 2021 45.3% 22.4%

March 2021 47.0% 28.4%

February 2021 58.4% 39.4%

January 2021 41.4% -10.8%

July 2021 42.4% 20.1%

June 2021 53.3% 14.1%

September 2021 39.4% -11.1%

August 2021 44.4% 6.5%

76 58.3%

138 74.7%

May 2021 152 322.2%

February 2021 101 87.0%

April 2021 155 416.7%

March 2021 140 164.2%

June 2021

Month Cash SalesPercent Change

Year-over-Year

September 2021 74 -3.9%

August 2021 91 1.1%

July 2021 108 52.1%

Year-to-Date 1,026 84.9%

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 M J J A S

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 M J J A S

0%

10%

20%

30%

40%

50%

60%

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Sal

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Pai

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sMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Townhouses and Condos

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

23.5%$365,894Year-to-Date

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.October 2020 $330,562 18.6%

September 2020 $315,660 11.7%

December 2020 $328,064 19.8%

November 2020 $324,026 12.6%

May 2021 $368,606 25.7%

April 2021 $344,370 29.4%

March 2021 $329,553 16.5%

February 2021 $335,956 11.1%

January 2021 $311,149 7.0%

July 2021 $399,960 44.1%

June 2021 $389,897 31.8%

September 2021 $395,987 25.4%

August 2021 $419,184 30.9%

September 2020 $300,950 14.4%

Month Average Sale PricePercent Change

Year-over-Year

November 2020 $315,000 20.7%

October 2020 $310,000 17.0%

January 2021 $286,000 11.9%

December 2020 $295,000 20.4%

$359,000 38.1%

May 2021 $343,100 21.5%

February 2021 $300,000 10.3%

August 2021 $380,000 32.2%

July 2021 $367,800 48.6%

April 2021 $312,000 29.5%

March 2021 $292,250 16.9%

June 2021

Month Median Sale PricePercent Change

Year-over-Year

September 2021 $372,500 23.8%

Year-to-Date $331,000 23.5%

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 M J J A S

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 M J J A S

$0K

$100K

$200K

$300K

$400K

$500K

Ave

rage

Sal

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rice

$0K

$100K

$200K

$300K

$400K

Me

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Pri

ceMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Townhouses and Condos

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

97.3% 0.3%

December 2020 97.4%

January 2021 $50.4 Million 23.8%

December 2020

$57.4 Million 42.4%

October 2020 $56.5 Million 41.9%

1.5%

November 2020 97.8%

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.

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.

3.4%100.0%Year-to-Date

MonthMed. Pct. of Orig.

List Price Received

Percent Change

Year-over-Year

October 2020 96.9% -0.3%

September 2020

September 2020 $54.9 Million 31.3%

November 2020

0.5%

May 2021 100.0% 3.7%

April 2021 100.0% 3.6%

March 2021 98.5% 1.3%

February 2021 97.9% 1.3%

January 2021 97.4% 0.5%

July 2021 100.0% 3.4%

June 2021 100.0% 3.8%

September 2021 98.5% 1.2%

August 2021 100.0% 3.5%

$71.5 Million 110.6%

June 2021 $101.0 Million 102.0%

May 2021 $102.5 Million 260.3%

April 2021 $117.8 Million 446.2%

March 2021 $98.2 Million 139.4%

February 2021 $58.1 Million 49.0%

August 2021 $85.9 Million 24.2%

July 2021 $102.0 Million 82.9%

Month Dollar VolumePercent Change

Year-over-Year

September 2021 $74.4 Million 35.5%

Year-to-Date $790.3 Million 97.3%

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 M J J A S

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 M J J A S

0%

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60%

80%

100%

120%

Me

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Re

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Monthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Townhouses and Condos

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

2017 2018 2019 2020 2021

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

$0

$20 M

$40 M

$60 M

$80 M

$100 M

$120 M

$140 M

Do

llar

Vo

lum

e

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

September 2020 74 Days -1.3%

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.

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.

November 2020 70 Days 11.1%

October 2020 79 Days 11.3%

January 2021 66 Days -24.1%

December 2020 68 Days -17.1%

June 2021 57 Days -39.4%

May 2021 64 Days -23.8%

April 2021 64 Days -31.9%

March 2021 60 Days -38.8%

February 2021 59 Days -43.8%

August 2021 56 Days -41.1%

July 2021 57 Days -41.8%

Month Median Time to SalePercent Change

Year-over-Year

September 2021 60 Days -18.9%

-34.4%61 DaysYear-to-Date

October 2020 37 Days 23.3%

September 2020 39 Days 8.3%

28 Days -24.3%

November 2020 28 Days -15.2%

December 2020

May 2021 15 Days -72.7%

April 2021 18 Days -69.5%

March 2021 23 Days -62.9%

February 2021 20 Days -71.4%

January 2021 24 Days -36.8%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

September 2021 13 Days -66.7%

17 Days -70.7%Year-to-Date

August 2021 11 Days -80.4%

July 2021 12 Days -81.8%

June 2021 11 Days -82.0%

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 M J J A S

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 M J J A S0

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120

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tMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Townhouses and Condos

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

Year-to-Date 2,162 35.3%

October 2020 181 2.3%

May 2021 243 23.4%

April 2021 215 51.4%

March 2021 239 24.5%

February 2021

September 2020 183 -9.9%

December 2020 169 18.2%

November 2020 188 24.5%

223 30.4%

January 2021 220 19.6%

July 2021 304 69.8%

June 2021 267 61.8%

September 2021 202 10.4%

August 2021 249 34.6%

September 2020 203 41.0%

Month New ListingsPercent Change

Year-over-Year

November 2020 209 88.3%

October 2020 210 11.1%

January 2021 239 33.5%

December 2020 164 13.9%

March 2021 322 238.9%

June 2021 234 -8.6%

May 2021 257 23.0%

-16.2%

July 2021 189 -6.0%

April 2021 269 320.3%

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

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

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

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

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

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.

Month New Pending SalesPercent Change

Year-over-Year

September 2021 183 -9.9%

Year-to-Date 2,171 35.8%

February 2021 292 71.8%

August 2021 186

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 M J J A S

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 M J J A S

0

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sMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Townhouses and Condos

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

August 2021 432 -25.5%

July 2021 367 -40.5%

Month InventoryPercent Change

Year-over-Year

September 2021 435 -21.9%

305 -57.3%YTD (Monthly Avg)

-62.3%

May 2021 197 -76.3%

April 2021 201 -77.4%

June 2021 244

377 -49.2%

March 2021 221 -73.3%

February 2021 283 -61.4%

January 2021 367 -50.4%

December 2020

September 2021 1.9 -50.0%

August 2021 1.9 -52.5%

July 2021 1.6 -63.6%

June 2021 1.1 -77.1%

May 2021 0.9 -85.7%

April 2021 1.0 -84.1%

March 2021 1.2 -78.9%

February 2021 1.7 -66.0%

-39.3%

January 2021 2.3 -54.9%

December 2020 2.4 -54.7%

September 2020 557 -27.2%

November 2020 404 -47.7%

October 2020 500 -33.0%

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.

YTD (Monthly Avg) 1.5 -70.0%

Month Months SupplyPercent Change

Year-over-Year

September 2020 3.8 -36.7%

November 2020 2.7 -52.6%

October 2020 3.4

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 M J J A S

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 M J J A S

0.0

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ryMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Townhouses and Condos

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

$100,000 - $149,999 4 -69.2%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 0 N/A

$50,000 - $99,999 0 -100.0%

$150,000 - $199,999 13 -55.2%

$200,000 - $249,999 19 -26.9%

$50,000 - $99,999 (No Sales) N/A

$100,000 - $149,999

$400,000 - $599,999 64 100.0%

$600,000 - $999,999 20 100.0%

11 Days -94.1%

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.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 (No Sales) N/A

$1,000,000 or more 2 N/A

$250,000 - $299,999 33 94.1%

$300,000 - $399,999 33 -26.7%

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.

$150,000 - $199,999 19 Days -38.7%

$200,000 - $249,999 8 Days -71.4%

$250,000 - $299,999

$400,000 - $599,999 16 Days -56.8%

17 Days -72.6%

$300,000 - $399,999 18 Days -52.6%

$600,000 - $999,999 7 Days -92.2%

$1,000,000 or more 69 Days N/A

020406080

100120140160180200

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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September 2020 September 2021

020406080100120140160180200

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

Clo

sed

Sal

es

September 2020 September 2021

0

10

20

30

40

50

60

70

Monthly Market Detail - September 2021

Bay County

Townhouses and Condos

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 0 N/A

$50,000 - $99,999 0 N/A

$100,000 - $149,999 1 -66.7%

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

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

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

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

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

$150,000 - $199,999 17 -43.3%

$200,000 - $249,999 21 -36.4%

$250,000 - $299,999 22 -15.4%

$300,000 - $399,999 54 38.5%

$400,000 - $599,999 59 40.5%

$600,000 - $999,999 25 150.0%

$1,000,000 or more 3 N/A

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 0 N/A

$50,000 - $99,999 0 -100.0%

$100,000 - $149,999 1 -92.9%

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.

$150,000 - $199,999 13 -75.5%

$200,000 - $249,999 26 -64.9%

$250,000 - $299,999 38 -30.9%

$300,000 - $399,999 95 -37.5%

$400,000 - $599,999 165 -2.4%

$600,000 - $999,999 89 161.8%

$1,000,000 or more 8 166.7%

020406080

100120140160180

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

nto

ry

September 2020 September 2021

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

Ne

w L

isti

ngs

September 2020 September 2021

020406080100120140160180

0

10

20

30

40

50

60

70

Monthly Market Detail - September 2021

Bay County

Townhouses and Condos

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

September 2021 September 2020Percent Change

Year-over-Year

Traditional

187 174 7.5%

$370,000 $300,950 22.9%

Foreclosure/REO

0 0 N/A

(No Sales) (No Sales) N/A

Short Sale

1 0 N/A

$391,500 (No Sales) N/A

$0K

$200K

$400K

$600K

$800K

$1000K

$1200K

Me

dia

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Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale

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 M J J A S

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 M J J A S

Monthly Distressed Market - September 2021

Bay CountyTownhouses and Condos

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

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

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

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

affected by seasonal cycles, so actual trends are more accurately

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

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

than changes from one month to the next.

August 2021 17 -26.1%

13.6%

28.0%

July 2021 25

June 2021 32

-8.0%

December 2020 20

November 2020 12

81.8%

-40.0%

20.0%

56.3%

100.0%

5.3%

35.3%

20.0%

October 2020 18

September 2020 23

February 2021 20

January 2021 23

May 2021 25

April 2021 36

March 2021 24

96.4% 0.9%

15 Days 12 Days 25.0%

September 2021

Median Time to Contract

58 Days

24

Median Time to Sale

New Pending Sales

New Listings

Month

32

Pending Inventory 38

Inventory (Active Listings) 60

Months Supply of Inventory 2.6

1.8%

22 9.1%

Percent Change

Year-over-Year

$120,000 20.8%

$3.8 Million $2.9 Million 31.6%

$164,152 $124,735 31.6%

September 2020Percent Change

Year-over-Year

11 12 -8.3%

23 23 0.0%

Summary Statistics

Closed Sales

Paid in Cash

97.3%

September 2021

$145,000Median Sale Price

Average Sale Price

Dollar Volume

Median Percent of Original

List Price Received

Year-to-Date 225 23.0%

0.0%

16 100.0%

Closed Sales

23

57 Days

29 31.0%

60 0.0%

3.1 -16.1%

2017 2018 2019 2020 2021

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 M J J A S

Monthly Market Detail - September 2021

Bay County

Manufactured Homes

Closed SalesThe number of sales transactions which closed duringthe month

0

10

20

30

40

Clo

sed

Sal

es

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

52.2% -13.0%

December 2020 80.0%

January 2021 15 87.5%

December 2020

8 -42.9%

October 2020 7 -12.5%

119.8%

November 2020 66.7%

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.

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.

Year-to-Date 58.7% 18.1%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

October 2020 38.9% -27.0%

September 2020

September 2020 12 -20.0%

November 2020

-4.7%

May 2021 44.0% -36.0%

April 2021 58.3% 31.3%

March 2021 66.7% 90.6%

February 2021 50.0% -4.9%

January 2021 65.2% 38.4%

July 2021 52.0% 4.0%

June 2021 81.3% 56.3%

September 2021 47.8% -8.4%

August 2021 52.9% 10.7%

16 300.0%

26 100.0%

May 2021 11 0.0%

February 2021 10 0.0%

April 2021 21 162.5%

March 2021 16 128.6%

June 2021

Month Cash SalesPercent Change

Year-over-Year

September 2021 11 -8.3%

August 2021 9 -18.2%

July 2021 13 18.2%

Year-to-Date 132 45.1%

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 M J J A S

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 M J J A S

0%

20%

40%

60%

80%

100%

Pct

. of

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Sal

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Pai

d in

Cas

h

0

5

10

15

20

25

30

Cas

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ale

sMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Manufactured Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

22.7%$141,538Year-to-Date

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.October 2020 $123,789 19.6%

September 2020 $124,735 8.9%

December 2020 $97,933 -22.9%

November 2020 $131,542 47.2%

May 2021 $128,384 15.4%

April 2021 $139,357 34.0%

March 2021 $139,180 38.4%

February 2021 $109,684 -9.2%

January 2021 $105,554 10.5%

July 2021 $183,120 47.4%

June 2021 $146,769 18.3%

September 2021 $164,152 31.6%

August 2021 $153,400 24.9%

September 2020 $120,000 1.7%

Month Average Sale PricePercent Change

Year-over-Year

November 2020 $140,000 159.3%

October 2020 $129,250 21.9%

January 2021 $100,000 11.2%

December 2020 $101,250 -18.0%

$142,500 29.5%

May 2021 $125,000 43.7%

February 2021 $94,500 -21.2%

August 2021 $164,000 36.7%

July 2021 $160,000 24.5%

April 2021 $128,500 20.5%

March 2021 $131,250 21.0%

June 2021

Month Median Sale PricePercent Change

Year-over-Year

September 2021 $145,000 20.8%

Year-to-Date $135,400 17.7%

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 M J J A S

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 M J J A S

$0K

$50K

$100K

$150K

$200K

Ave

rage

Sal

e P

rice

$0K

$50K

$100K

$150K

$200K

Me

dia

n S

ale

Pri

ceMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Manufactured Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

96.4% 4.9%

December 2020 93.0%

January 2021 $2.4 Million 49.5%

December 2020

$1.6 Million -11.7%

October 2020 $2.2 Million 43.5%

-4.5%

November 2020 93.3%

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.

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.

1.4%93.9%Year-to-Date

MonthMed. Pct. of Orig.

List Price Received

Percent Change

Year-over-Year

October 2020 90.0% 4.0%

September 2020

September 2020 $2.9 Million 0.2%

November 2020

1.7%

May 2021 92.3% 7.2%

April 2021 95.6% 1.2%

March 2021 93.5% 8.0%

February 2021 94.1% -0.4%

January 2021 91.0% -2.2%

July 2021 91.7% -3.6%

June 2021 95.8% 6.0%

September 2021 97.3% 0.9%

August 2021 96.4% -1.1%

$2.0 Million 40.2%

June 2021 $4.7 Million 51.4%

May 2021 $3.2 Million 80.3%

April 2021 $5.0 Million 168.1%

March 2021 $3.3 Million 66.1%

February 2021 $2.2 Million -4.4%

August 2021 $2.6 Million -7.7%

July 2021 $4.6 Million 67.5%

Month Dollar VolumePercent Change

Year-over-Year

September 2021 $3.8 Million 31.6%

Year-to-Date $31.8 Million 50.9%

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 M J J A S

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 M J J A S

0%

20%

40%

60%

80%

100%

120%

Me

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f O

rig.

Li

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Re

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ed

Monthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Manufactured Homes

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

2017 2018 2019 2020 2021

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

$0

$1.0 M

$2.0 M

$3.0 M

$4.0 M

$5.0 M

$6.0 M

Do

llar

Vo

lum

e

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

September 2020 57 Days -19.7%

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.

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.

November 2020 57 Days 46.2%

October 2020 68 Days -21.8%

January 2021 82 Days 17.1%

December 2020 65 Days -24.4%

June 2021 42 Days -54.3%

May 2021 71 Days -27.6%

April 2021 66 Days -8.3%

March 2021 102 Days 12.1%

February 2021 112 Days 10.9%

August 2021 55 Days -52.2%

July 2021 74 Days 2.8%

Month Median Time to SalePercent Change

Year-over-Year

September 2021 58 Days 1.8%

-13.3%72 DaysYear-to-Date

October 2020 40 Days -11.1%

September 2020 12 Days -47.8%

37 Days -31.5%

November 2020 24 Days 33.3%

December 2020

May 2021 24 Days -63.6%

April 2021 28 Days -22.2%

March 2021 62 Days -6.1%

February 2021 49 Days -5.8%

January 2021 44 Days 0.0%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

September 2021 15 Days 25.0%

30 Days -33.3%Year-to-Date

August 2021 11 Days -80.7%

July 2021 29 Days 45.0%

June 2021 16 Days -67.3%

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 M J J A S

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 M J J A S0

50

100

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200

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0

20

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60

80

100

120

140

Me

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C

on

trac

tMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Manufactured Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

Year-to-Date 257 17.4%

October 2020 31 -22.5%

May 2021 35 29.6%

April 2021 25 38.9%

March 2021 34 3.0%

February 2021

September 2020 16 -38.5%

December 2020 19 -17.4%

November 2020 25 8.7%

25 -10.7%

January 2021 21 10.5%

July 2021 36 16.1%

June 2021 25 25.0%

September 2021 32 100.0%

August 2021 24 -11.1%

September 2020 22 22.2%

Month New ListingsPercent Change

Year-over-Year

November 2020 29 81.3%

October 2020 20 17.6%

January 2021 27 -10.0%

December 2020 26 30.0%

March 2021 29 31.8%

June 2021 24 -4.0%

May 2021 40 60.0%

-22.7%

July 2021 29 -9.4%

April 2021 29 26.1%

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

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

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

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

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

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.

Month New Pending SalesPercent Change

Year-over-Year

September 2021 24 9.1%

Year-to-Date 246 15.0%

February 2021 27 107.7%

August 2021 17

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 M J J A S

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 M J J A S

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sMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Manufactured Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

August 2021 52 -25.7%

July 2021 43 -33.8%

Month InventoryPercent Change

Year-over-Year

September 2021 60 0.0%

49 -35.1%YTD (Monthly Avg)

-40.9%

May 2021 39 -52.4%

April 2021 46 -47.1%

June 2021 39

66 -18.5%

March 2021 53 -44.8%

February 2021 54 -38.6%

January 2021 58 -17.1%

December 2020

September 2021 2.6 -16.1%

August 2021 2.3 -36.1%

July 2021 1.8 -48.6%

June 2021 1.7 -51.4%

May 2021 1.7 -61.4%

April 2021 2.1 -53.3%

March 2021 2.6 -44.7%

February 2021 2.7 -37.2%

-7.3%

January 2021 2.9 -14.7%

December 2020 3.4 -12.8%

September 2020 60 -9.1%

November 2020 66 -29.8%

October 2020 73 -14.1%

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.

YTD (Monthly Avg) 2.3 -41.0%

Month Months SupplyPercent Change

Year-over-Year

September 2020 3.1 -6.1%

November 2020 3.5 -20.5%

October 2020 3.8

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 A M J J A S

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 M J J A S

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

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Inve

nto

ryMonthly Market Detail - September 2021

2017 2018 2019 2020 2021

Bay County

Manufactured Homes

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

2017 2018 2019 2020 2021

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

$100,000 - $149,999 8 -33.3%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 1 -50.0%

$50,000 - $99,999 4 100.0%

$150,000 - $199,999 3 -57.1%

$200,000 - $249,999 3 N/A

$50,000 - $99,999 4 Days -95.4%

$100,000 - $149,999

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

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

19 Days 26.7%

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.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 1142 Days 22740.0%

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

$250,000 - $299,999 1 N/A

$300,000 - $399,999 3 N/A

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.

$150,000 - $199,999 34 Days 126.7%

$200,000 - $249,999 15 Days N/A

$250,000 - $299,999

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

19 Days N/A

$300,000 - $399,999 15 Days N/A

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

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

0

200

400

600

800

1,000

1,200

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

dia

n T

ime

to

Co

ntr

act

September 2020 September 2021

0

200

400

600

800

1,000

1,200

0

2

4

6

8

10

12

14

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

sed

Sal

es

September 2020 September 2021

0

2

4

6

8

10

12

14

Monthly Market Detail - September 2021

Bay County

Manufactured Homes

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 1 -75.0%

$50,000 - $99,999 10 400.0%

$100,000 - $149,999 5 -28.6%

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

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

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

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

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

$150,000 - $199,999 9 200.0%

$200,000 - $249,999 4 N/A

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

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

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

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

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

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 1 -66.7%

$50,000 - $99,999 13 -23.5%

$100,000 - $149,999 16 -33.3%

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.

$150,000 - $199,999 13 44.4%

$200,000 - $249,999 5 0.0%

$250,000 - $299,999 5 N/A

$300,000 - $399,999 4 100.0%

$400,000 - $599,999 1 N/A

$600,000 - $999,999 2 N/A

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

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

Inve

nto

ry

September 2020 September 2021

0

2

4

6

8

10

12

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

w L

isti

ngs

September 2020 September 2021

0

5

10

15

20

25

30

0

2

4

6

8

10

12

Monthly Market Detail - September 2021

Bay County

Manufactured Homes

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

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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.

September 2021 September 2020Percent Change

Year-over-Year

Traditional

23 23 0.0%

$145,000 $120,000 20.8%

Foreclosure/REO

0 0 N/A

(No Sales) (No Sales) N/A

Short Sale

0 0 N/A

(No Sales) (No Sales) N/A

$0K

$20K

$40K

$60K

$80K

$100K

$120K

$140K

$160K

$180K

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale

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 M J J A S

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 M J J A S

Monthly Distressed Market - September 2021

Bay CountyManufactured Homes

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021