monthly market detail - march 2016 single family homes ...mar 05, 2015 · monthly market detail -...

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, April 20, 2016. Historical data revised on Friday, February 26, 2016. Dollar Volume revised on April 15, 2016. Next data release is Friday, May 20, 2016.

February 2016 465 5.9%

0.3%

-2.9%

January 2016 392

December 2015 503

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. 13.4%

June 2015 606

May 2015 547

12.8%

9.2%

11.3%

-2.1%

2.5%

-0.8%

2.3%

10.2%

April 2015 599

March 2015 600

August 2015 508

July 2015 585

November 2015 419

October 2015 501

September 2015 549

93.5% 0.5%

72 Days 81 Days -11.1%

$110,000 15.7%

$90.1 Million $84.7 Million 6.3%

$166,224 $141,223 17.7%

March 2015Percent Change

Year-over-Year

249 328 -24.1%

542 600 -9.7%

Summary Statistics

Closed Sales

Paid in Cash

94.0%

March 2016

$127,250Median Sale Price

Average Sale Price

Dollar Volume

March 2016

Median Percent of Original

List Price Received

Median Time to Contract

113 Days

695

Median Time to Sale

New Pending Sales

New Listings

Month

1,025

Pending Inventory 930

Inventory (Active Listings) 3,283

Months Supply of Inventory 6.3

-5.0%

730 -4.8%

Percent Change

Year-over-Year

-9.7%

959 6.9%

Closed Sales

542

119 Days

933 -0.3%

3,265 0.6%

6.5 -3.1%

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

Monthly Market Detail - March 2016

Ocala/Marion County Association of REALTORS® Single Family Homes

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Closed Sales The number of sales transactions which closed during the month




April 2015 49.4% -8.3%

March 2015 54.7% 7.3%

June 2015 49.2% 3.1%

May 2015 47.3% 4.0%

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.

November 2015 49.4% -3.5%

October 2015 44.7% -10.1%

September 2015 45.4% -8.8%

August 2015 43.5% -9.2%

July 2015 44.8% -7.2%

January 2016 49.0% -12.2%

December 2015 51.1% -1.2%

March 2016 45.9% -16.1%

February 2016 50.8% -1.7%

March 2015 328 21.5%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

May 2015 259 13.6%

April 2015 296 2.1%

July 2015 262 -5.1%

June 2015 298 16.4%

December 2015 257 -4.1%

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.

November 2015 207 -5.5%

October 2015 224 -7.8%

September 2015 249 0.4%

August 2015 221 -9.8%

February 2016 236 4.0%

January 2016 192 -11.9%

Month Cash SalesPercent Change

Year-over-Year

March 2016 249 -24.1%



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2012 2013 2014 2015


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

2012 2013 2014 2015

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




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.April 2015 $137,012 13.0%

March 2015 $141,223 17.0%

June 2015 $145,862 -3.7%

May 2015 $160,686 20.0%

November 2015 $146,331 19.0%

October 2015 $142,636 -2.7%

September 2015 $147,468 12.7%

August 2015 $145,415 10.5%

July 2015 $145,186 -1.5%

January 2016 $136,243 -8.4%

December 2015 $143,785 9.0%

March 2016 $166,224 17.7%

February 2016 $147,658 9.4%

March 2015 $110,000 12.8%

Month Average Sale PricePercent Change

Year-over-Year

May 2015 $112,250 3.5%

April 2015 $111,500 19.9%

July 2015 $118,384 5.7%

June 2015 $116,000 6.4%

$122,000 20.4%

November 2015 $122,000 23.4%

August 2015 $120,000 9.8%

February 2016 $119,000 19.0%

January 2016 $108,000 3.9%

October 2015 $114,000 7.5%

September 2015 $124,000 18.1%

December 2015

Month Median Sale PricePercent Change

Year-over-Year

March 2016 $127,250 15.7%



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2012 2013 2014 2015


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

2012 2013 2014 2015

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




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. April 2015 93.8% 1.4%

March 2015 93.5% 0.6%

June 2015 94.6% 1.6%

May 2015 94.5% 1.4%

November 2015 94.5% 1.5%

October 2015 94.3% 1.0%

September 2015 94.2% 0.5%

August 2015 94.0% -0.1%

July 2015 93.9% 0.5%

January 2016 94.4% 1.3%

December 2015 94.9% 2.4%

March 2016 94.0% 0.5%

February 2016 94.5% 1.6%

March 2015 $84.7 Million 32.7%

MonthMed. Pct. of Orig. List

Price Received

Percent Change

Year-over-Year

May 2015 $87.9 Million 31.0%

April 2015 $82.1 Million 25.8%

July 2015 $84.9 Million 0.8%

June 2015 $88.4 Million 8.7%

December 2015 $72.3 Million 5.8%

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.

November 2015 $61.3 Million 16.5%

October 2015 $71.5 Million -0.3%

September 2015 $81.0 Million 24.2%

August 2015 $73.9 Million 9.6%

February 2016 $68.7 Million 15.9%

January 2016 $53.4 Million -8.2%

Month Dollar VolumePercent Change

Year-over-Year




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2012 2013 2014 2015


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

2012 2013 2014 2015

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




April 2015 107 Days 3.9%

March 2015 119 Days -6.3%

June 2015 103 Days -9.6%

May 2015 105 Days -8.7%

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.

November 2015 104 Days -9.6%

October 2015 100 Days -9.9%

September 2015 108 Days 5.9%

August 2015 105 Days -7.9%

July 2015 115 Days 6.5%

January 2016 100 Days -16.0%

December 2015 110 Days -1.8%

March 2016 113 Days -5.0%

February 2016 103 Days -10.4%

March 2015 81 Days -5.8%

Month Median Time to SalePercent Change

Year-over-Year

May 2015 66 Days -14.3%

April 2015 66 Days -5.7%

July 2015 71 Days 1.4%

June 2015 66 Days -4.3%


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

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

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

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

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

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

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

numbers of cash sales.




August 2015 64 Days -7.2%


January 2016 61 Days -26.5%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

March 2016 72 Days -11.1%


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 0

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2012 2013 2014 2015


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

2012 2013 2014 2015

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




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

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

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

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

many potential sellers who were previously underwater on their

mortgages.

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.

April 2015 961 8.3%

March 2015 959 3.1%

June 2015 877 -2.6%

May 2015 878 -3.2%

November 2015 851 7.7%

October 2015 931 5.6%

September 2015 837 -9.7%

August 2015 828 -11.7%

July 2015 956 9.3%

January 2016 906 -10.7%

December 2015 745 9.9%

March 2016 1,025 6.9%

February 2016 922 8.3%

March 2015 730 13.2%

Month New ListingsPercent Change

Year-over-Year

May 2015 640 -2.3%

April 2015 687 6.7%

July 2015 605 1.3%

June 2015 656 7.0%

475 1.7%

November 2015 467 4.0%

August 2015 652 19.6%

February 2016 626 -4.0%

January 2016 559 -14.9%

October 2015 577 2.5%

September 2015 543 -0.9%

December 2015

Month New Pending SalesPercent Change

Year-over-Year

March 2016 695 -4.8%



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2012 2013 2014 2015


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

2012 2013 2014 2015

New Listings The number of properties put onto the market during the month




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

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

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

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

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

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

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

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

March 2016 3,283 0.6%

February 2016 3,201 -4.2%

January 2016 3,184 -7.7%

December 2015 3,112 -8.3%

November 2015 3,164 -10.5%

October 2015 3,081 -10.0%

September 2015 3,045 -10.9%

August 2015 2,997 -10.8%

July 2015 3,108 -6.5%

June 2015 3,084 -8.0%

May 2015 3,180 -5.1%

April 2015 3,220 -7.2%

March 2015 3,265 -6.8%

Month Months SupplyPercent Change

Year-over-Year

March 2016 6.3 -3.1%

February 2016 6.1 -9.0%

January 2016 6.1 -11.6%

December 2015 6.0 -11.8%

November 2015 6.1 -14.1%

October 2015 5.9 -14.5%

September 2015 5.8 -15.9%

August 2015 5.8 -14.7%

July 2015 6.0 -11.8%

June 2015 6.0 -13.0%

March 2015 6.5 -12.2%

May 2015 6.2 -11.4%

April 2015 6.4 -12.3%



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

2012 2013 2014 2015

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




$100,000 - $149,999 158 14.5%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 43 -50.6%

$50,000 - $99,999 137 -24.3%

$150,000 - $199,999 82 5.1%

$200,000 - $249,999 48 26.3%

$50,000 - $99,999 47 Days -14.5%

$100,000 - $149,999

$400,000 - $599,999 8 -42.9%

$600,000 - $999,999 3 -50.0%

62 Days -29.5%

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 79 Days -14.1%

$1,000,000 or more 5 400.0%

$250,000 - $299,999 34 -10.5%

$300,000 - $399,999 24 26.3%









$150,000 - $199,999 81 Days -3.6%

$200,000 - $249,999 126 Days 12.5%

$250,000 - $299,999

$400,000 - $599,999 286 Days 74.4%

99 Days 11.2%

$300,000 - $399,999 177 Days 53.9%

$600,000 - $999,999 28 Days -77.2%

$1,000,000 or more 496 Days -16.4%

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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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$300,000 - $399,999

$400,000 - $599,999

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

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




Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 36 -57.6%

$50,000 - $99,999 219 -8.0%

$100,000 - $149,999 256 28.0%

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





mortgages.

$150,000 - $199,999 174 1.2%

$200,000 - $249,999 114 29.5%

$250,000 - $299,999 72 60.0%

$300,000 - $399,999 61 24.5%

$400,000 - $599,999 51 10.9%

$600,000 - $999,999 32 39.1%

$1,000,000 or more 10 -23.1%

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 108 -44.0%

$50,000 - $99,999 475 -25.4%

$100,000 - $149,999 569 0.5%








$150,000 - $199,999 547 -1.4%

$200,000 - $249,999 412 28.0%

$250,000 - $299,999 292 35.2%

$300,000 - $399,999 292 13.6%

$400,000 - $599,999 230 6.0%

$600,000 - $999,999 195 33.6%

$1,000,000 or more 163 4.5%

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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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$50,000 - $99,999

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$250,000 - $299,999

$300,000 - $399,999

$400,000 - $599,999

$600,000 - $999,999

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

Inventory by Current Listing Price The 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

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March 2016 March 2015Percent Change

Year-over-Year

Traditional

451 483 -6.6%

$135,000 $117,500 14.9%

Foreclosure/REO

77 104 -26.0%

$88,000 $63,225 39.2%

Short Sale

14 13 7.7%

$87,000 $116,200 -25.1%

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Traditional Foreclosure/REO Short Sale

2012 2013 2014 2015



Monthly Distressed Market - March 2016


2012 2013 2014 2015




February 2016 48 33.3%

-11.9%

7.3%

January 2016 37

December 2015 44









than changes from one month to the next. 15.6%

June 2015 59

May 2015 47

90.3%

-24.2%

21.7%

-14.3%

-6.7%

75.6%

5.6%

10.0%

April 2015 56

March 2015 52

August 2015 79

July 2015 38

November 2015 36

October 2015 42

September 2015 44

91.0% 0.9%

41 Days 122 Days -66.4%

$49,900 -28.7%

$2.1 Million $2.6 Million -19.8%

$41,829 $50,137 -16.6%


Year-over-Year

42 37 13.5%

50 52 -3.8%

Summary Statistics

Closed Sales

Paid in Cash

91.8%

March 2016


Average Sale Price

Dollar Volume

March 2016


List Price Received


80 Days

67

Median Time to Sale

New Pending Sales

New Listings

Month

74


Inventory (Active Listings) 229


-48.1%

59 13.6%

Percent Change

Year-over-Year

-3.8%

96 -22.9%

Closed Sales

50

154 Days

68 0.0%

287 -20.2%

6.6 -28.8%



Ocala/Marion County Association of REALTORS® Manufactured Homes

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April 2015 78.6% -4.8%

March 2015 71.2% -19.9%

June 2015 76.3% -9.1%

May 2015 83.0% 7.2%





November 2015 88.9% 6.7%

October 2015 73.8% 0.7%

September 2015 81.8% -9.1%

August 2015 82.3% 8.9%

July 2015 78.9% 13.7%

January 2016 89.2% -1.4%

December 2015 86.4% 1.2%

March 2016 84.0% 18.0%

February 2016 81.3% 0.9%

March 2015 37 -7.5%


Sales Paid in Cash

Percent Change

Year-over-Year

May 2015 39 -18.8%

April 2015 44 15.8%

July 2015 30 20.0%

June 2015 45 73.1%

December 2015 38 8.6%







November 2015 32 -8.6%

October 2015 31 -6.1%

September 2015 36 0.0%

August 2015 65 91.2%

February 2016 39 34.5%

January 2016 33 -13.2%


Year-over-Year

March 2016 42 13.5%



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2012 2013 2014 2015


















higher-end homes in an area.April 2015 $47,099 43.4%

March 2015 $50,137 9.6%

June 2015 $44,735 12.0%

May 2015 $39,018 -7.2%

November 2015 $49,166 18.9%

October 2015 $46,476 -1.8%

September 2015 $51,336 42.5%

August 2015 $43,332 8.6%

July 2015 $42,913 18.7%

January 2016 $39,577 -22.0%

December 2015 $43,632 -6.2%

March 2016 $41,829 -16.6%

February 2016 $49,959 23.4%

March 2015 $49,900 10.9%


Year-over-Year

May 2015 $37,500 13.8%

April 2015 $41,750 42.0%

July 2015 $36,750 5.8%

June 2015 $37,000 8.8%

$38,000 -3.8%

November 2015 $37,400 4.2%

August 2015 $40,000 11.1%

February 2016 $39,000 16.4%

January 2016 $37,000 -1.3%

October 2015 $36,500 -14.1%

September 2015 $35,600 8.0%

December 2015


Year-over-Year

March 2016 $35,575 -28.7%



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$10K

$20K

$30K

$40K

$50K

$60K

Me

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2012 2013 2014 2015



2012 2013 2014 2015












March 2015 91.0% 6.6%

June 2015 91.7% 9.3%

May 2015 87.4% -2.9%

November 2015 88.9% -2.1%

October 2015 86.9% -4.8%

September 2015 90.5% 4.4%

August 2015 88.3% -3.7%

July 2015 88.3% -2.2%

January 2016 90.8% 3.5%

December 2015 83.4% -6.6%

March 2016 91.8% 0.9%

February 2016 89.4% 4.6%



Price Received

Percent Change

Year-over-Year

May 2015 $1.8 Million -29.6%

April 2015 $2.6 Million 74.6%

July 2015 $1.6 Million 25.3%

June 2015 $2.6 Million 113.1%

December 2015 $1.9 Million 0.7%










October 2015 $2.0 Million -8.3%

September 2015 $2.3 Million 56.8%



January 2016 $1.5 Million -31.3%


Year-over-Year

March 2016 $2.1 Million -19.8%



0%

20%

40%

60%

80%

100%

Me

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$1 M

$2 M

$3 M

$4 M

Do

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2012 2013 2014 2015



2012 2013 2014 2015





April 2015 80 Days -23.1%

March 2015 154 Days 46.7%

June 2015 97 Days -14.9%

May 2015 108 Days -10.7%









long time to sell.

November 2015 85 Days 1.2%



August 2015 91 Days -3.2%

July 2015 103 Days 21.2%


December 2015 116 Days 13.7%

March 2016 80 Days -48.1%

February 2016 109 Days 11.2%

March 2015 122 Days 67.1%


Year-over-Year

May 2015 69 Days -19.8%

April 2015 56 Days -32.5%

July 2015 74 Days 27.6%

June 2015 58 Days -15.9%













August 2015 63 Days 37.0%



MonthMedian Time to

Contract

Percent Change

Year-over-Year

March 2016 41 Days -66.4%



50

100

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50

100

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2012 2013 2014 2015



2012 2013 2014 2015










mortgages.









April 2015 77 5.5%

March 2015 96 31.5%

June 2015 77 -11.5%

May 2015 77 1.3%

November 2015 56 -8.2%

October 2015 70 -1.4%

September 2015 60 -31.0%

August 2015 66 -14.3%

July 2015 80 14.3%

January 2016 54 -31.6%

December 2015 69 11.3%

March 2016 74 -22.9%

February 2016 80 5.3%

March 2015 59 -4.8%


Year-over-Year

May 2015 55 5.8%

April 2015 70 29.6%

July 2015 72 53.2%

June 2015 49 6.5%

46 21.1%

November 2015 51 70.0%

August 2015 56 12.0%

February 2016 54 -1.8%

January 2016 52 -10.3%

October 2015 38 -35.6%

September 2015 53 23.3%

December 2015


Year-over-Year

March 2016 67 13.6%



0

50

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0

20

40

60

80

Pe

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Sale


2012 2013 2014 2015



2012 2013 2014 2015






















Year-over-Year

March 2016 229 -20.2%

February 2016 231 -17.2%

January 2016 226 -18.1%

December 2015 242 -15.4%

November 2015 236 -20.3%

October 2015 244 -16.7%

September 2015 252 -21.3%

August 2015 268 -14.1%

July 2015 282 -12.1%

June 2015 280 -12.2%

May 2015 273 -13.9%

April 2015 268 -16.8%

March 2015 287 -15.8%


Year-over-Year

March 2016 4.7 -28.8%

February 2016 4.8 -27.3%

January 2016 4.8 -25.0%

December 2015 5.1 -23.9%

November 2015 5.0 -28.6%

October 2015 5.1 -28.2%

September 2015 5.2 -34.2%

August 2015 5.6 -26.3%

July 2015 6.2 -23.5%

June 2015 6.2 -23.5%

March 2015 6.6 -28.3%

May 2015 6.4 -20.0%

April 2015 6.1 -29.9%



0.0

5.0

10.0

15.0

Mo

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100

200

300

400

500

600

Inve

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2012 2013 2014 2015



2012 2013 2014 2015





$100,000 - $149,999 1 -50.0%


Year-over-Year

Less than $50,000 36 33.3%

$50,000 - $99,999 13 -40.9%

$150,000 - $199,999 0 -100.0%

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

$50,000 - $99,999 36 Days -76.0%

$100,000 - $149,999

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

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

41 Days -64.3%











Contract

Percent Change

Year-over-Year

Less than $50,000 47 Days -58.4%

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

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

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









$150,000 - $199,999 (No Sales) 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

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

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

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 or more

Me

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0

20

40

60

80

100

120

140

160

0 5

10 15 20 25 30 35 40

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 or more

Clo

sed

Sal

es


0 5 10 15 20 25 30 35 40









Year-over-Year

Less than $50,000 39 -20.4%

$50,000 - $99,999 29 -9.4%

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






mortgages.

$150,000 - $199,999 0 N/A

$200,000 - $249,999 2 N/A

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

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

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

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

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


Year-over-Year

Less than $50,000 104 -24.1%

$50,000 - $99,999 92 -14.8%

$100,000 - $149,999 26 -18.8%








$150,000 - $199,999 4 -33.3%

$200,000 - $249,999 3 200.0%

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

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

$400,000 - $599,999 0 -100.0%

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

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

0

10

20

30

40

50

60

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 or more

Ne

w L

isti

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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 or more

Inve

nto

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0

20

40

60

80

100

120

140

160

0

10

20

30

40

50

60






Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

A

M

J

J

A

S

O

N

D

J

F

M

A

M

J

J




Year-over-Year

Traditional

41 41 0.0%

$40,100 $51,500 -22.1%

Foreclosure/REO

9 11 -18.2%

$29,050 $35,117 -17.3%

Short Sale

0 0 N/A

(No Sales) (No Sales) N/A

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

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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2012 2013 2014 2015





2012 2013 2014 2015




February 2016 19 18.8%

53.8%

-15.4%

January 2016 20

December 2015 22









than changes from one month to the next. -28.0%

June 2015 25

May 2015 32

-13.8%

6.7%

-11.8%

10.0%

-8.3%

46.7%

50.0%

-12.5%

April 2015 30

March 2015 18

August 2015 22

July 2015 36

November 2015 22

October 2015 22

September 2015 21

90.9% 2.6%

53 Days 92 Days -42.4%

$60,000 -8.5%

$2.6 Million $1.6 Million 61.1%

$84,137 $89,971 -6.5%


Year-over-Year

18 15 20.0%

31 18 72.2%

Summary Statistics

Closed Sales

Paid in Cash

93.3%

March 2016


Average Sale Price

Dollar Volume

March 2016


List Price Received


117 Days

35

Median Time to Sale

New Pending Sales

New Listings

Month

51


Inventory (Active Listings) 118


-17.0%

34 2.9%

Percent Change

Year-over-Year

72.2%

35 45.7%

Closed Sales

31

141 Days

37 -10.8%

153 -22.9%

6.7 -29.9%



Ocala/Marion County Association of REALTORS® Townhouses and Condos

0

10

20

30

40

Clo

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es

2012 2013 2014 2015





April 2015 73.3% -16.9%

March 2015 83.3% -9.5%

June 2015 68.0% -17.9%

May 2015 84.4% -6.2%





November 2015 86.4% 57.1%

October 2015 50.0% -36.9%

September 2015 66.7% 14.4%

August 2015 72.7% -9.1%

July 2015 72.2% -3.7%

January 2016 75.0% -11.3%

December 2015 72.7% -5.5%

March 2016 58.1% -30.3%

February 2016 78.9% 5.2%

March 2015 15 -34.8%


Sales Paid in Cash

Percent Change

Year-over-Year

May 2015 27 0.0%

April 2015 22 -26.7%

July 2015 26 44.4%

June 2015 17 -29.2%

December 2015 16 -20.0%







November 2015 19 72.7%

October 2015 11 -42.1%


August 2015 16 33.3%

February 2016 15 25.0%

January 2016 15 36.4%


Year-over-Year

March 2016 18 20.0%



0%

20%

40%

60%

80%

100%

Pct

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Pai

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10

20

30

40

Cas

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ale


2012 2013 2014 2015



2012 2013 2014 2015


















higher-end homes in an area.April 2015 $68,650 -6.2%

March 2015 $89,971 22.7%

June 2015 $105,124 60.6%

May 2015 $82,650 8.1%

November 2015 $70,718 17.9%

October 2015 $82,186 39.7%

September 2015 $73,214 -2.3%

August 2015 $86,825 18.8%

July 2015 $77,173 -10.1%

January 2016 $101,421 13.9%

December 2015 $80,850 14.4%

March 2016 $84,137 -6.5%

February 2016 $72,805 -7.1%

March 2015 $60,000 73.9%


Year-over-Year

May 2015 $70,100 58.8%

April 2015 $50,000 -9.1%

July 2015 $64,000 -27.7%

June 2015 $78,000 56.0%

$75,500 45.2%

November 2015 $66,250 24.4%

August 2015 $73,750 63.9%

February 2016 $62,500 -14.3%

January 2016 $65,500 -26.4%

October 2015 $75,450 43.7%

September 2015 $65,600 3.3%

December 2015


Year-over-Year

March 2016 $54,900 -8.5%



$0K

$20K

$40K

$60K

$80K

$100K

$120K

Ave

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Sal

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Pri

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$0K

$20K

$40K

$60K

$80K

$100K

Me

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2012 2013 2014 2015



2012 2013 2014 2015












March 2015 90.9% -2.2%

June 2015 93.6% 3.1%

May 2015 93.5% 4.6%

November 2015 94.2% 3.2%

October 2015 93.4% 4.2%

September 2015 91.6% -1.2%

August 2015 90.6% -3.5%

July 2015 93.0% 6.2%

January 2016 88.3% -6.1%

December 2015 93.2% -0.1%

March 2016 93.3% 2.6%

February 2016 91.6% -0.9%

March 2015 $1.6 Million -11.6%


Price Received

Percent Change

Year-over-Year

May 2015 $2.6 Million 15.3%

April 2015 $2.1 Million -17.3%

July 2015 $2.8 Million 34.8%

June 2015 $2.6 Million 38.5%

December 2015 $1.8 Million -3.2%










October 2015 $1.8 Million 28.1%

September 2015 $1.5 Million -14.6%



January 2016 $2.0 Million 75.3%


Year-over-Year




0%

20%

40%

60%

80%

100%

Me

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$500,000

$1 M

$2 M

$2 M

$3 M

$3 M

Do

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2012 2013 2014 2015



2012 2013 2014 2015





April 2015 97 Days -5.8%

March 2015 141 Days 90.5%

June 2015 145 Days 22.9%

May 2015 86 Days -37.7%









long time to sell.


October 2015 150 Days 35.1%


August 2015 201 Days 74.8%

July 2015 126 Days -40.0%

January 2016 108 Days 12.5%


March 2016 117 Days -17.0%


March 2015 92 Days 135.9%


Year-over-Year

May 2015 60 Days -30.2%

April 2015 58 Days -17.1%

July 2015 80 Days -23.8%

June 2015 116 Days 84.1%











October 2015 124 Days 72.2%


August 2015 144 Days 193.9%



MonthMedian Time to

Contract

Percent Change

Year-over-Year

March 2016 53 Days -42.4%



50

100

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250

Me

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100

150

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2012 2013 2014 2015



2012 2013 2014 2015










mortgages.









April 2015 29 -42.0%

March 2015 35 0.0%

June 2015 33 -21.4%

May 2015 40 11.1%

November 2015 38 11.8%

October 2015 33 -5.7%

September 2015 38 18.8%

August 2015 25 -10.7%

July 2015 31 55.0%

January 2016 32 -33.3%

December 2015 30 3.4%

March 2016 51 45.7%

February 2016 46 12.2%

March 2015 34 17.2%


Year-over-Year

May 2015 31 -13.9%

April 2015 43 13.2%

July 2015 24 9.1%

June 2015 32 28.0%

26 18.2%

November 2015 25 66.7%

August 2015 20 -33.3%

February 2016 25 38.9%

January 2016 22 29.4%

October 2015 26 -10.3%


December 2015


Year-over-Year

March 2016 35 2.9%



0

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30

40

50

Pe

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2012 2013 2014 2015



2012 2013 2014 2015






















Year-over-Year

March 2016 118 -22.9%

February 2016 124 -23.0%

January 2016 111 -27.0%

December 2015 109 -19.3%

November 2015 110 -25.7%

October 2015 106 -25.9%

September 2015 113 -27.6%

August 2015 107 -30.5%

July 2015 115 -32.0%

June 2015 117 -36.1%

May 2015 130 -26.1%

April 2015 128 -30.1%

March 2015 153 -15.9%


Year-over-Year

March 2016 4.7 -29.9%

February 2016 5.1 -26.1%

January 2016 4.7 -25.4%

December 2015 4.7 -14.5%

November 2015 4.7 -26.6%

October 2015 4.5 -27.4%

September 2015 4.8 -29.4%

August 2015 4.5 -33.8%

July 2015 4.9 -32.9%

June 2015 5.3 -32.1%

March 2015 6.7 -18.3%

May 2015 5.8 -23.7%

April 2015 5.7 -27.8%



0.0

2.0

4.0

6.0

8.0

10.0

12.0

Mo

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0

50

100

150

200

250

Inve

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2012 2013 2014 2015



2012 2013 2014 2015





$100,000 - $149,999 4 100.0%


Year-over-Year

Less than $50,000 11 57.1%

$50,000 - $99,999 10 66.7%

$150,000 - $199,999 4 N/A

$200,000 - $249,999 1 -50.0%

$50,000 - $99,999 71 Days -30.4%

$100,000 - $149,999

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

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

8 Days -96.3%











Contract

Percent Change

Year-over-Year

Less than $50,000 77 Days 8.5%

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

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

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









$150,000 - $199,999 66 Days N/A

$200,000 - $249,999 219 Days 135.5%

$250,000 - $299,999

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

237 Days 3850.0%

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

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

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

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 or more

Me

dia

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t


0

50

100

150

200

250

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 or more

Clo

sed

Sal

es


0

2

4

6

8

10

12









Year-over-Year

Less than $50,000 12 0.0%

$50,000 - $99,999 19 35.7%

$100,000 - $149,999 7 133.3%






mortgages.

$150,000 - $199,999 6 200.0%

$200,000 - $249,999 4 33.3%

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

$300,000 - $399,999 2 N/A

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

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

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


Year-over-Year

Less than $50,000 29 -51.7%

$50,000 - $99,999 54 12.5%

$100,000 - $149,999 17 -22.7%








$150,000 - $199,999 7 -50.0%

$200,000 - $249,999 4 -20.0%

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

$300,000 - $399,999 5 400.0%

$400,000 - $599,999 1 0.0%

$600,000 - $999,999 0 -100.0%

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

0

5

10

15

20

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 or more

Ne

w L

isti

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 or more

Inve

nto

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0

10

20

30

40

50

60

70

0

5

10

15

20






Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

A

M

J

J

A

S

O

N

D

J

F

M

A

M

J

J




Year-over-Year

Traditional

29 18 61.1%

$53,000 $60,000 -11.7%

Foreclosure/REO

2 0 N/A

$90,771 (No Sales) N/A

Short Sale

0 0 N/A

(No Sales) (No Sales) N/A

$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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2012 2013 2014 2015





2012 2013 2014 2015

monthly market detail - march 2016 single family homes ...mar 05, 2015 · monthly market detail -...

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