quarterly market detail - q2 2017 single family homes … · 2019-04-23 · of the real estate...
TRANSCRIPT
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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 quarter's
sales to the amount of sales in the same quarter in the previous year),
rather than changes from one quarter to the next.
0.0%
2,039 -4.0%
Percent Change
Year-over-Year
1.5%
2,391 5.8%
Closed Sales
1,806
96 Days
897 5.9%
2,841 -7.8%
5.5 -10.9%
Q2 2017
Median Percent of Original
List Price Received
Median Time to Contract
96 Days
1,957
Median Time to Sale
New Pending Sales
New Listings
Quarter
2,530
Pending Inventory 950
Inventory (Active Listings) 2,618
Months Supply of Inventory 4.9
Summary Statistics
Closed Sales
Paid in Cash
95.7%
Q2 2017
$150,000Median Sale Price
Average Sale Price
Dollar Volume
Q2 2016Percent Change
Year-over-Year
697 751 -7.2%
1,806 1,780 1.5%
$130,000 15.4%
$310.9 Million $288.1 Million 7.9%
$172,122 $161,841 6.4%
95.1% 0.6%
49 Days 58 Days -15.5%
Q3 2015 1,641
Q2 2015 1,749
Q2 2016 1,780
Q1 2016 1,399
Q4 2015 1,421
11.2%
Q1 2015 1,425
Q4 2014 1,435
3.4%
3.1%
8.1%Q3 2014 1,578
Q2 2014 1,574
1.8%
-1.8%
4.0%
11.1%
-1.0%
Q1 2017 1,466 4.8%
5.4%
1.4%
Q4 2016 1,498
Q3 2016 1,664
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Single Family Homes
0
500
1,000
1,500
2,000
Clo
sed
Sal
es
2013 2014 2015 2016
Closed SalesThe number of sales transactions which closed during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Quarter Cash SalesPercent Change
Year-over-Year
Q2 2017 697 -7.2%
Q1 2017 642 -5.2%
Q4 2016 644 -6.4%
Q3 2016 686 -6.3%
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.
Q2 2016 751 -12.0%
Q1 2016 677 -12.4%
Q4 2015 688 -5.8%
Q3 2015 732 -4.8%
Q2 2015 853 10.2%
Q1 2015 773 1.2%
Q4 2014 730 -1.2%
Q3 2014 769 11.0%
Q2 2014 774 6.9%
QuarterPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
Q2 2017 38.6% -8.5%
Q1 2017 43.8% -9.5%
Q4 2016 43.0% -11.2%
Q3 2016 41.2% -7.6%
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 quarter involved some sort of financing, such
as mortgages, owner/seller financing, assumed loans, etc.
Q2 2016 42.2% -13.5%
Q1 2016 48.4% -10.7%
Q4 2015 48.4% -4.9%
Q3 2015 44.6% -8.4%
Q2 2015 48.8% -0.8%
Q1 2015 54.2% -2.2%
Q4 2014 50.9% -4.1%
Q3 2014 48.7% 2.5%
Q2 2014 49.2% -3.9%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0%
10%
20%
30%
40%
50%
60%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
200
400
600
800
1,000
Cas
h S
ale
s
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Single Family Homes
Cash SalesThe number of Closed Sales during the quarter in which buyers exclusively paid in cash
2013 2014 2015 2016
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the quarter which were Cash Sales
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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 quarter, 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.
Quarter Median Sale PricePercent Change
Year-over-Year
Q2 2017 $150,000 15.4%
Q3 2015 $120,000 9.2%
Q1 2017 $140,000 17.6%
Q4 2016 $135,852 13.3%
Q1 2016 $119,000 12.3%
Q4 2015 $119,900 18.7%
Q3 2016 $139,000 15.8%
Q2 2016 $130,000 15.0%
Q2 2015 $113,000 8.7%
Q1 2015 $105,950 11.5%
Q4 2014 $101,000 5.2%
Q3 2014 $109,900 4.7%
Q2 2014 $104,000 4.5%
Quarter Average Sale PricePercent Change
Year-over-Year
Q2 2017 $172,122 6.4%
Q1 2017 $167,691 10.6%
Q4 2016 $160,301 11.2%
Q3 2016 $169,309 15.9%
Q3 2015 $146,020 6.5%
Q2 2015 $147,464 8.8%
9.7%
Q1 2016 $151,652 7.3%
Q4 2015 $144,129 7.3%
Q2 2016 $161,841
Q3 2014 $137,069 -4.4%
Q2 2014 $135,595 3.0%
Q1 2015 $141,359 12.3%
Q4 2014 $134,266 5.5%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
$0K
$50K
$100K
$150K
$200K
Ave
rage
Sal
e
Pri
ce
$0K
$50K
$100K
$150K
$200K
Me
dia
n S
ale
Pri
ce
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Single Family Homes
Median Sale PriceThe median sale price reported for the quarter (i.e. 50% of sales were above and 50% of sales were below)
2013 2014 2015 2016
Average Sale PriceThe average sale price reported for the quarter (i.e. total sales in dollars divided by the number of sales)
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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.
Quarter Dollar VolumePercent Change
Year-over-Year
Q2 2017 $310.9 Million 7.9%
Q1 2017 $245.8 Million 15.9%
Q4 2016 $240.1 Million 17.2%
Q3 2016 $281.7 Million 17.6%
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.
Q2 2016 $288.1 Million 11.7%
Q1 2016 $212.2 Million 5.3%
Q4 2015 $204.8 Million 6.3%
Q3 2015 $239.6 Million 10.8%
Q2 2015 $257.9 Million 20.8%
Q1 2015 $201.4 Million 16.2%
Q4 2014 $192.7 Million 8.8%
Q3 2014 $216.3 Million 3.3%
Q2 2014 $213.4 Million 14.6%
QuarterMed. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
Q2 2017 95.7% 0.6%
Q1 2017 95.9% 1.7%
Q4 2016 95.4% 0.8%
Q3 2016 95.0% 1.0%
Q3 2015 94.1% 0.4%
Q2 2016 95.1% 1.0%
Q2 2015 94.2% 1.4%
Q1 2016 94.3% 1.2%
Q4 2015 94.6% 1.7%
Q3 2014 93.7% 1.0%
Q2 2014 92.9% 0.3%
Q1 2015 93.2% 1.3%
Q4 2014 93.0% 0.8%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0%
20%
40%
60%
80%
100%
120%
Me
d. P
ct. o
f O
rig.
Li
st P
rice
R
ece
ive
d
$0
$100 M
$200 M
$300 M
$400 M
Do
llar
Vo
lum
e
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Single Family Homes
Dollar VolumeThe sum of the sale prices for all sales which closed during the quarter
2013 2014 2015 2016
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
QuarterMedian Time to
Contract
Percent Change
Year-over-Year
Q2 2017 49 Days -15.5%
Q1 2017 53 Days -19.7%
Q4 2016 52 Days -11.9%
Q3 2016 58 Days -13.4%
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 quarter. 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.
Q2 2016 58 Days -12.1%
Q1 2016 66 Days -18.5%
Q4 2015 59 Days -16.9%
Q3 2015 67 Days 3.1%
Q2 2015 66 Days -8.3%
Q1 2015 81 Days -1.2%
Q4 2014 71 Days -2.7%
Q3 2014 65 Days -18.8%
Q2 2014 72 Days -12.2%
Quarter Median Time to SalePercent Change
Year-over-Year
Q2 2017 96 Days 0.0%
Q1 2017 99 Days -7.5%
Q4 2016 98 Days -4.9%
Q3 2016 106 Days -2.8%
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 quarter was on
the market. That is, 50% of homes selling this quarter 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.
Q2 2016 96 Days -8.6%
Q1 2016 107 Days -9.3%
Q4 2015 103 Days -8.8%
Q3 2015 109 Days 0.9%
Q2 2015 105 Days -6.3%
Q1 2015 118 Days -3.3%
Q4 2014 113 Days 0.0%
Q3 2014 108 Days -15.6%
Q2 2014 112 Days -8.2%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q20
50
100
150
Me
dia
n T
ime
to
Sa
le
0
20
40
60
80
100
Me
dia
n T
ime
to
C
on
trac
tQuarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Single Family Homes
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the quarter
2013 2014 2015 2016
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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.
Quarter New Pending SalesPercent Change
Year-over-Year
Q2 2017 1,957 -4.0%
Q3 2015 1,800 6.5%
Q1 2017 1,982 5.4%
Q4 2016 1,436 -5.5%
Q1 2016 1,880 -7.8%
Q4 2015 1,519 2.7%
Q3 2016 1,846 2.6%
Q2 2016 2,039 2.8%
Q2 2015 1,983 3.7%
Q1 2015 2,039 11.2%
Q4 2014 1,479 -6.2%
Q3 2014 1,690 -3.6%
Q2 2014 1,912 3.6%
Quarter New ListingsPercent Change
Year-over-Year
Q2 2017 2,530 5.8%
Q1 2017 2,669 -6.4%
Q4 2016 2,194 -13.2%
Q3 2016 2,430 -7.3%
Q3 2015 2,621 -4.3%
Q2 2015 2,716 0.8%
-12.0%
Q1 2016 2,853 1.0%
Q4 2015 2,527 7.5%
Q2 2016 2,391
Q3 2014 2,740 4.9%
Q2 2014 2,694 10.9%
Q1 2015 2,825 4.1%
Q4 2014 2,350 -4.1%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0
500
1,000
1,500
2,000
2,500
3,000
Ne
w L
isti
ngs
0
500
1,000
1,500
2,000
2,500
Pe
nd
ing
Sale
s
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Single Family Homes
New Pending SalesThe number of listed properties that went under contract during the quarter
2013 2014 2015 2016
New ListingsThe number of properties put onto the market during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Economists' note : There are a number of ways to define and calculate
Inventory. Here, we simply count the number of active listings on the
last day of the quarter, and hold this number to compare with the same
quarter 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. Q2 2014 6.9 -17.9%
Q4 2014 6.8 -13.9%
Q3 2014 6.9 -17.9%
Q2 2015 6.0 -13.0%
Q1 2015 6.5 -12.2%
Q4 2015 6.0 -11.8%
Q3 2015 5.8 -15.9%
Q2 2016 5.5 -8.3%
Q1 2016 6.3 -3.1%
Q4 2016 5.2 -13.3%
Q3 2016 5.2 -10.3%
Q2 2017 4.9 -10.9%
Q1 2017 5.1 -19.0%
Q2 2014 3,352 1.9%
Quarter Months SupplyPercent Change
Year-over-Year
Q4 2014 3,393 -4.5%
Q3 2014 3,418 -3.9%
Q2 2015 3,084 -8.0%
Q1 2015 3,265 -6.8%
Q4 2015 3,112 -8.3%
Q3 2015 3,045 -10.9%
-11.5%
Q2 2016 2,841 -7.9%
Q1 2016 3,283 0.6%
Q3 2016 2,694
Quarter InventoryPercent Change
Year-over-Year
Q2 2017 2,618 -7.8%
Q1 2017 2,730 -16.8%
Q4 2016 2,744 -11.8%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0.0
2.0
4.0
6.0
8.0
10.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
0
1,000
2,000
3,000
4,000
Inve
nto
ry
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Single Family Homes
Inventory (Active Listings)The number of property listings active at the end of the quarter
2013 2014 2015 2016
Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
$600,000 - $999,999 267 Days 66.9%
$1,000,000 or more 347 Days 11.9%
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 quarter. 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 50 Days -28.6%
$200,000 - $249,999 61 Days -14.1%
$250,000 - $299,999
$400,000 - $599,999 153 Days 13.3%
81 Days 39.7%
$300,000 - $399,999 113 Days -20.4%
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 quarter's
sales to the amount of sales in the same month in the previous year),
rather than changes from one quarter to the next.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 35 Days -18.6%
$1,000,000 or more 4 -55.6%
$250,000 - $299,999 118 9.3%
$300,000 - $399,999 80 9.6%
$50,000 - $99,999 38 Days -19.1%
$100,000 - $149,999
$400,000 - $599,999 38 -5.0%
$600,000 - $999,999 15 87.5%
36 Days -30.8%
$150,000 - $199,999 429 44.0%
$200,000 - $249,999 236 34.9%
$100,000 - $149,999 497 -0.4%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 61 -33.0%
$50,000 - $99,999 328 -31.5%
0
50
100
150
200
250
300
350
400
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
C
on
trac
t
Q2 2016 Q2 2017
0
50
100
150
200
250
300
350
400
0
100
200
300
400
500
600
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
Q2 2016 Q2 2017
0
100
200
300
400
500
600
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Single Family Homes
Closed Sales by Sale PriceThe number of sales transactions which closed during the quarter
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
$600,000 - $999,999 182 9.0%
$1,000,000 or more 163 6.5%
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 quarter, and hold this number to compare with
the same quarter 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 - $199,999 506 2.6%
$200,000 - $249,999 364 2.8%
$250,000 - $299,999 278 -2.5%
$300,000 - $399,999 253 -14.5%
$400,000 - $599,999 223 7.2%
$50,000 - $99,999 209 -33.7%
$100,000 - $149,999 394 -17.4%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 46 -50.5%
$600,000 - $999,999 78 50.0%
$1,000,000 or more 48 14.3%
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.
$150,000 - $199,999 549 25.1%
$200,000 - $249,999 348 18.8%
$250,000 - $299,999 218 7.9%
$300,000 - $399,999 163 -16.0%
$400,000 - $599,999 142 31.5%
$50,000 - $99,999 333 -23.4%
$100,000 - $149,999 588 10.5%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 63 -33.0%
0
100
200
300
400
500
600
700
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
Q2 2016 Q2 2017
0
100
200
300
400
500
600
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
Q2 2016 Q2 2017
0
100
200
300
400
500
600
0
100
200
300
400
500
600
700
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Single Family Homes
New Listings by Initial Listing PriceThe number of properties put onto the market during the quarter
Inventory by Current Listing PriceThe number of property listings active at the end of the quarter
This report describes member activity for the association and is not confined to any specific geographic area.
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 Wednesday, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Short Sale
23 27 -14.8%
$130,000 $105,950 22.7%
Foreclosure/REO
107 195 -45.1%
$95,725 $83,177 15.1%
Q2 2017 Q2 2016Percent Change
Year-over-Year
Traditional
1,676 1,558 7.6%
$154,900 $137,500 12.7%
2013 2014 2015 2016 2017
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
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
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Quarterly Distressed Market - Q2 2017
Ocala/Marion County Association of REALTORS®Single Family Homes
2013 2014 2015 2016 2017
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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 quarter's
sales to the amount of sales in the same quarter in the previous year),
rather than changes from one quarter to the next.
2.6%
176 8.5%
Percent Change
Year-over-Year
17.4%
195 5.1%
Closed Sales
175
76 Days
69 15.9%
191 2.1%
4.1 -2.4%
Q2 2017
Median Percent of Original
List Price Received
Median Time to Contract
78 Days
191
Median Time to Sale
New Pending Sales
New Listings
Quarter
205
Pending Inventory 80
Inventory (Active Listings) 195
Months Supply of Inventory 4.0
Summary Statistics
Closed Sales
Paid in Cash
92.0%
Q2 2017
$55,000Median Sale Price
Average Sale Price
Dollar Volume
Q2 2016Percent Change
Year-over-Year
124 112 10.7%
175 149 17.4%
$47,500 15.8%
$11.4 Million $7.5 Million 51.4%
$65,220 $50,603 28.9%
92.7% -0.8%
36 Days 41 Days -12.2%
Q3 2015 160
Q2 2015 161
Q2 2016 149
Q1 2016 134
Q4 2015 122
28.7%
Q1 2015 127
Q4 2014 127
4.1%
24.5%
15.2%Q3 2014 121
Q2 2014 139
-7.5%
5.5%
32.2%
15.8%
-3.9%
Q1 2017 150 11.9%
13.1%
-21.3%
Q4 2016 138
Q3 2016 126
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Manufactured Homes
0
50
100
150
200
Clo
sed
Sal
es
2013 2014 2015 2016
Closed SalesThe number of sales transactions which closed during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Quarter Cash SalesPercent Change
Year-over-Year
Q2 2017 124 10.7%
Q1 2017 114 0.0%
Q4 2016 111 9.9%
Q3 2016 97 -26.0%
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.
Q2 2016 112 -12.5%
Q1 2016 114 9.6%
Q4 2015 101 -1.9%
Q3 2015 131 37.9%
Q2 2015 128 14.3%
Q1 2015 104 3.0%
Q4 2014 103 27.2%
Q3 2014 95 20.3%
Q2 2014 112 34.9%
QuarterPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
Q2 2017 70.9% -5.7%
Q1 2017 76.0% -10.7%
Q4 2016 80.4% -2.9%
Q3 2016 77.0% -6.0%
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 quarter involved some sort of financing, such
as mortgages, owner/seller financing, assumed loans, etc.
Q2 2016 75.2% -5.4%
Q1 2016 85.1% 3.9%
Q4 2015 82.8% 2.1%
Q3 2015 81.9% 4.3%
Q2 2015 79.5% -1.4%
Q1 2015 81.9% -1.1%
Q4 2014 81.1% 2.1%
Q3 2014 78.5% 4.4%
Q2 2014 80.6% 4.8%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0%
20%
40%
60%
80%
100%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
50
100
150
Cas
h S
ale
s
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Manufactured Homes
Cash SalesThe number of Closed Sales during the quarter in which buyers exclusively paid in cash
2013 2014 2015 2016
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the quarter which were Cash Sales
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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 quarter, 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.
Quarter Median Sale PricePercent Change
Year-over-Year
Q2 2017 $55,000 15.8%
Q3 2015 $38,500 13.2%
Q1 2017 $45,000 20.5%
Q4 2016 $47,250 26.0%
Q1 2016 $37,350 -2.4%
Q4 2015 $37,500 -0.1%
Q3 2016 $41,000 6.5%
Q2 2016 $47,500 25.0%
Q2 2015 $38,000 16.7%
Q1 2015 $38,278 9.4%
Q4 2014 $37,551 13.8%
Q3 2014 $34,000 -2.9%
Q2 2014 $32,550 -7.0%
Quarter Average Sale PricePercent Change
Year-over-Year
Q2 2017 $65,220 28.9%
Q1 2017 $53,148 20.6%
Q4 2016 $54,382 17.6%
Q3 2016 $49,356 8.6%
Q3 2015 $45,434 21.1%
Q2 2015 $43,924 14.0%
15.2%
Q1 2016 $44,059 -7.4%
Q4 2015 $46,244 2.6%
Q2 2016 $50,603
Q3 2014 $37,508 -9.7%
Q2 2014 $38,525 0.1%
Q1 2015 $47,585 17.9%
Q4 2014 $45,081 17.0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
$0K
$20K
$40K
$60K
$80K
Ave
rage
Sal
e
Pri
ce
$0K
$10K
$20K
$30K
$40K
$50K
$60K
Me
dia
n S
ale
Pri
ce
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Manufactured Homes
Median Sale PriceThe median sale price reported for the quarter (i.e. 50% of sales were above and 50% of sales were below)
2013 2014 2015 2016
Average Sale PriceThe average sale price reported for the quarter (i.e. total sales in dollars divided by the number of sales)
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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.
Quarter Dollar VolumePercent Change
Year-over-Year
Q2 2017 $11.4 Million 51.4%
Q1 2017 $8.0 Million 35.0%
Q4 2016 $7.5 Million 33.0%
Q3 2016 $6.2 Million -14.5%
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.
Q2 2016 $7.5 Million 6.6%
Q1 2016 $5.9 Million -2.3%
Q4 2015 $5.6 Million -1.5%
Q3 2015 $7.3 Million 60.2%
Q2 2015 $7.1 Million 32.1%
Q1 2015 $6.0 Million 22.8%
Q4 2014 $5.7 Million 45.6%
Q3 2014 $4.5 Million 4.1%
Q2 2014 $5.4 Million 28.9%
QuarterMed. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
Q2 2017 92.0% -0.8%
Q1 2017 91.0% 0.8%
Q4 2016 90.0% 3.8%
Q3 2016 93.6% 5.8%
Q3 2015 88.5% -1.8%
Q2 2016 92.7% 2.2%
Q2 2015 90.7% 7.2%
Q1 2016 90.3% 1.3%
Q4 2015 86.7% -4.6%
Q3 2014 90.1% 3.6%
Q2 2014 84.6% -4.9%
Q1 2015 89.1% 4.3%
Q4 2014 90.9% 9.1%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0%
20%
40%
60%
80%
100%
Me
d. P
ct. o
f O
rig.
Li
st P
rice
R
ece
ive
d
$0
$2 M
$4 M
$6 M
$8 M
$10 M
$12 M
Do
llar
Vo
lum
e
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Manufactured Homes
Dollar VolumeThe sum of the sale prices for all sales which closed during the quarter
2013 2014 2015 2016
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
QuarterMedian Time to
Contract
Percent Change
Year-over-Year
Q2 2017 36 Days -12.2%
Q1 2017 50 Days -3.8%
Q4 2016 40 Days -34.4%
Q3 2016 35 Days -52.7%
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 quarter. 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.
Q2 2016 41 Days -33.9%
Q1 2016 52 Days -32.5%
Q4 2015 61 Days -29.1%
Q3 2015 74 Days 34.5%
Q2 2015 62 Days -25.3%
Q1 2015 77 Days -6.1%
Q4 2014 86 Days -29.5%
Q3 2014 55 Days -31.3%
Q2 2014 83 Days -8.8%
Quarter Median Time to SalePercent Change
Year-over-Year
Q2 2017 78 Days 2.6%
Q1 2017 91 Days 2.2%
Q4 2016 77 Days -16.3%
Q3 2016 76 Days -29.0%
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 quarter was on
the market. That is, 50% of homes selling this quarter 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.
Q2 2016 76 Days -18.3%
Q1 2016 89 Days -24.6%
Q4 2015 92 Days -24.0%
Q3 2015 107 Days 21.6%
Q2 2015 93 Days -18.4%
Q1 2015 118 Days 5.4%
Q4 2014 121 Days -26.2%
Q3 2014 88 Days -17.0%
Q2 2014 114 Days -10.2%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q20
50
100
150
200
Me
dia
n T
ime
to
Sa
le
0
50
100
150
Me
dia
n T
ime
to
C
on
trac
tQuarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Manufactured Homes
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the quarter
2013 2014 2015 2016
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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.
Quarter New Pending SalesPercent Change
Year-over-Year
Q2 2017 191 8.5%
Q3 2015 181 29.3%
Q1 2017 191 10.4%
Q4 2016 148 9.6%
Q1 2016 173 0.6%
Q4 2015 135 6.3%
Q3 2016 158 -12.7%
Q2 2016 176 1.1%
Q2 2015 174 14.5%
Q1 2015 172 -1.1%
Q4 2014 127 12.4%
Q3 2014 140 4.5%
Q2 2014 152 27.7%
Quarter New ListingsPercent Change
Year-over-Year
Q2 2017 205 5.1%
Q1 2017 260 25.0%
Q4 2016 185 -5.1%
Q3 2016 220 6.8%
Q3 2015 206 -12.0%
Q2 2015 231 -2.1%
-15.6%
Q1 2016 208 -17.1%
Q4 2015 195 0.5%
Q2 2016 195
Q3 2014 234 17.0%
Q2 2014 236 9.8%
Q1 2015 251 8.7%
Q4 2014 194 -15.7%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0
50
100
150
200
250
300
Ne
w L
isti
ngs
0
50
100
150
200
250
Pe
nd
ing
Sale
s
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Manufactured Homes
New Pending SalesThe number of listed properties that went under contract during the quarter
2013 2014 2015 2016
New ListingsThe number of properties put onto the market during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Economists' note : There are a number of ways to define and calculate
Inventory. Here, we simply count the number of active listings on the
last day of the quarter, and hold this number to compare with the same
quarter 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. Q2 2014 8.2 -8.9%
Q4 2014 6.7 -30.2%
Q3 2014 7.9 -12.2%
Q2 2015 6.3 -23.2%
Q1 2015 6.7 -28.7%
Q4 2015 5.1 -23.9%
Q3 2015 5.3 -32.9%
Q2 2016 4.1 -34.9%
Q1 2016 4.8 -28.4%
Q4 2016 4.2 -17.6%
Q3 2016 4.6 -13.2%
Q2 2017 4.0 -2.4%
Q1 2017 4.8 0.0%
Q2 2014 319 -9.9%
Quarter Months SupplyPercent Change
Year-over-Year
Q4 2014 286 -19.4%
Q3 2014 320 -5.9%
Q2 2015 280 -12.2%
Q1 2015 287 -15.8%
Q4 2015 242 -15.4%
Q3 2015 252 -21.3%
-19.4%
Q2 2016 191 -31.8%
Q1 2016 229 -20.2%
Q3 2016 203
Quarter InventoryPercent Change
Year-over-Year
Q2 2017 195 2.1%
Q1 2017 223 -2.6%
Q4 2016 193 -20.2%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0.0
2.0
4.0
6.0
8.0
10.0
12.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
0
100
200
300
400
Inve
nto
ry
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Manufactured Homes
Inventory (Active Listings)The number of property listings active at the end of the quarter
2013 2014 2015 2016
Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more (No Sales) 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 quarter. 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 43 Days N/A
$200,000 - $249,999 (No Sales) N/A
$250,000 - $299,999
$400,000 - $599,999 (No Sales) N/A
(No Sales) N/A
$300,000 - $399,999 (No Sales) N/A
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 quarter's
sales to the amount of sales in the same month in the previous year),
rather than changes from one quarter to the next.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 26 Days -45.8%
$1,000,000 or more 0 N/A
$250,000 - $299,999 0 N/A
$300,000 - $399,999 0 N/A
$50,000 - $99,999 41 Days 10.8%
$100,000 - $149,999
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
38 Days -62.0%
$150,000 - $199,999 6 N/A
$200,000 - $249,999 0 N/A
$100,000 - $149,999 23 187.5%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 68 -13.9%
$50,000 - $99,999 78 25.8%
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
Me
dia
n T
ime
to
C
on
trac
t
Q2 2016 Q2 2017
0
20
40
60
80
100
120
0102030405060708090
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
Q2 2016 Q2 2017
0102030405060708090
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Manufactured Homes
Closed Sales by Sale PriceThe number of sales transactions which closed during the quarter
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
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 quarter, and hold this number to compare with
the same quarter 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 9 0.0%
$200,000 - $249,999 4 0.0%
$250,000 - $299,999 1 N/A
$300,000 - $399,999 1 N/A
$400,000 - $599,999 0 N/A
$50,000 - $99,999 96 33.3%
$100,000 - $149,999 43 87.0%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 41 -50.6%
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
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 7 16.7%
$200,000 - $249,999 3 200.0%
$250,000 - $299,999 0 -100.0%
$300,000 - $399,999 0 N/A
$400,000 - $599,999 0 N/A
$50,000 - $99,999 92 24.3%
$100,000 - $149,999 45 150.0%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 58 -38.9%
0
20
40
60
80
100
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
Q2 2016 Q2 2017
0
20
40
60
80
100
120
Less than$50,000
$50,000 -$99,999
$100,000 -$149,999
$150,000 -$199,999
$200,000 -$249,999
$250,000 -$299,999
$300,000 -$399,999
$400,000 -$599,999
$600,000 -$999,999
$1,000,000 ormore
Inve
nto
ry
Q2 2016 Q2 2017
0
20
40
60
80
100
120
0
20
40
60
80
100
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Manufactured Homes
New Listings by Initial Listing PriceThe number of properties put onto the market during the quarter
Inventory by Current Listing PriceThe number of property listings active at the end of the quarter
This report describes member activity for the association and is not confined to any specific geographic area.
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 Wednesday, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Short Sale
2 1 100.0%
$24,500 $64,900 -62.2%
Foreclosure/REO
18 44 -59.1%
$42,750 $36,000 18.8%
Q2 2017 Q2 2016Percent Change
Year-over-Year
Traditional
155 104 49.0%
$58,000 $50,000 16.0%
2013 2014 2015 2016 2017
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
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
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Quarterly Distressed Market - Q2 2017
Ocala/Marion County Association of REALTORS®Manufactured Homes
2013 2014 2015 2016 2017
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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 quarter's
sales to the amount of sales in the same quarter in the previous year),
rather than changes from one quarter to the next.
-32.6%
114 7.9%
Percent Change
Year-over-Year
33.7%
137 -3.6%
Closed Sales
111
95 Days
52 -1.9%
126 -16.7%
5.1 -43.1%
Q2 2017
Median Percent of Original
List Price Received
Median Time to Contract
64 Days
123
Median Time to Sale
New Pending Sales
New Listings
Quarter
132
Pending Inventory 51
Inventory (Active Listings) 105
Months Supply of Inventory 2.9
Summary Statistics
Closed Sales
Paid in Cash
94.5%
Q2 2017
$85,000Median Sale Price
Average Sale Price
Dollar Volume
Q2 2016Percent Change
Year-over-Year
75 54 38.9%
111 83 33.7%
$71,500 18.9%
$11.2 Million $6.5 Million 71.4%
$101,029 $78,849 28.1%
92.9% 1.7%
22 Days 61 Days -63.9%
Q3 2015 78
Q2 2015 87
Q2 2016 83
Q1 2016 70
Q4 2015 66
20.8%
Q1 2015 46
Q4 2014 70
-30.3%
32.1%
-7.4%Q3 2014 63
Q2 2014 93
-4.6%
52.2%
23.8%
-6.5%
-5.7%
Q1 2017 100 42.9%
78.8%
41.0%
Q4 2016 118
Q3 2016 110
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Townhouses and Condos
0
50
100
150
Clo
sed
Sal
es
2013 2014 2015 2016
Closed SalesThe number of sales transactions which closed during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Quarter Cash SalesPercent Change
Year-over-Year
Q2 2017 75 38.9%
Q1 2017 67 39.6%
Q4 2016 83 80.4%
Q3 2016 71 26.8%
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.
Q2 2016 54 -18.2%
Q1 2016 48 26.3%
Q4 2015 46 -8.0%
Q3 2015 56 27.3%
Q2 2015 66 -18.5%
Q1 2015 38 -29.6%
Q4 2014 50 11.1%
Q3 2014 44 -4.3%
Q2 2014 81 47.3%
QuarterPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
Q2 2017 67.6% 3.8%
Q1 2017 67.0% -2.3%
Q4 2016 70.3% 0.9%
Q3 2016 64.5% -10.2%
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 quarter involved some sort of financing, such
as mortgages, owner/seller financing, assumed loans, etc.
Q2 2016 65.1% -14.2%
Q1 2016 68.6% -16.9%
Q4 2015 69.7% -2.4%
Q3 2015 71.8% 2.9%
Q2 2015 75.9% -12.9%
Q1 2015 82.6% 1.0%
Q4 2014 71.4% -15.9%
Q3 2014 69.8% 3.3%
Q2 2014 87.1% 22.0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0%
20%
40%
60%
80%
100%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
20
40
60
80
100
Cas
h S
ale
s
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Townhouses and Condos
Cash SalesThe number of Closed Sales during the quarter in which buyers exclusively paid in cash
2013 2014 2015 2016
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the quarter which were Cash Sales
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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 quarter, 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.
Quarter Median Sale PricePercent Change
Year-over-Year
Q2 2017 $85,000 18.9%
Q3 2015 $65,000 3.2%
Q1 2017 $78,500 25.6%
Q4 2016 $74,500 3.5%
Q1 2016 $62,500 -20.6%
Q4 2015 $72,000 37.1%
Q3 2016 $81,250 25.0%
Q2 2016 $71,500 10.0%
Q2 2015 $65,000 25.0%
Q1 2015 $78,750 30.7%
Q4 2014 $52,500 -1.9%
Q3 2014 $63,000 26.0%
Q2 2014 $52,000 -10.0%
Quarter Average Sale PricePercent Change
Year-over-Year
Q2 2017 $101,029 28.1%
Q1 2017 $90,111 4.8%
Q4 2016 $82,915 6.4%
Q3 2016 $87,949 11.6%
Q3 2015 $78,829 0.2%
Q2 2015 $84,280 17.3%
-6.4%
Q1 2016 $85,999 0.4%
Q4 2015 $77,918 22.6%
Q2 2016 $78,849
Q3 2014 $78,678 27.7%
Q2 2014 $71,839 8.0%
Q1 2015 $85,666 19.0%
Q4 2014 $63,572 -1.5%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
$0K
$20K
$40K
$60K
$80K
$100K
$120K
Ave
rage
Sal
e
Pri
ce
$0K
$20K
$40K
$60K
$80K
$100K
Me
dia
n S
ale
Pri
ce
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Townhouses and Condos
Median Sale PriceThe median sale price reported for the quarter (i.e. 50% of sales were above and 50% of sales were below)
2013 2014 2015 2016
Average Sale PriceThe average sale price reported for the quarter (i.e. total sales in dollars divided by the number of sales)
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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.
Quarter Dollar VolumePercent Change
Year-over-Year
Q2 2017 $11.2 Million 71.4%
Q1 2017 $9.0 Million 49.7%
Q4 2016 $9.8 Million 90.3%
Q3 2016 $9.7 Million 57.3%
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.
Q2 2016 $6.5 Million -10.7%
Q1 2016 $6.0 Million 52.8%
Q4 2015 $5.1 Million 15.6%
Q3 2015 $6.1 Million 24.0%
Q2 2015 $7.3 Million 9.7%
Q1 2015 $3.9 Million -17.1%
Q4 2014 $4.5 Million 30.1%
Q3 2014 $5.0 Million 18.3%
Q2 2014 $6.7 Million 30.4%
QuarterMed. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
Q2 2017 94.5% 1.7%
Q1 2017 95.0% 2.2%
Q4 2016 93.7% -0.1%
Q3 2016 94.5% 2.9%
Q3 2015 91.8% 0.4%
Q2 2016 92.9% 0.3%
Q2 2015 92.6% 2.0%
Q1 2016 93.0% 1.5%
Q4 2015 93.8% 1.3%
Q3 2014 91.4% -0.1%
Q2 2014 90.8% 0.0%
Q1 2015 91.6% 0.9%
Q4 2014 92.6% 2.7%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0%
20%
40%
60%
80%
100%
Me
d. P
ct. o
f O
rig.
Li
st P
rice
R
ece
ive
d
$0
$2 M
$4 M
$6 M
$8 M
$10 M
$12 M
Do
llar
Vo
lum
e
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Townhouses and Condos
Dollar VolumeThe sum of the sale prices for all sales which closed during the quarter
2013 2014 2015 2016
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
QuarterMedian Time to
Contract
Percent Change
Year-over-Year
Q2 2017 22 Days -63.9%
Q1 2017 25 Days -55.4%
Q4 2016 29 Days -65.9%
Q3 2016 47 Days -33.8%
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 quarter. 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.
Q2 2016 61 Days -14.1%
Q1 2016 56 Days -32.5%
Q4 2015 85 Days -6.6%
Q3 2015 71 Days 12.7%
Q2 2015 71 Days 1.4%
Q1 2015 83 Days 31.7%
Q4 2014 91 Days 75.0%
Q3 2014 63 Days -22.2%
Q2 2014 70 Days 32.1%
Quarter Median Time to SalePercent Change
Year-over-Year
Q2 2017 64 Days -32.6%
Q1 2017 58 Days -43.1%
Q4 2016 68 Days -40.9%
Q3 2016 93 Days -17.7%
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 quarter was on
the market. That is, 50% of homes selling this quarter 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.
Q2 2016 95 Days -4.0%
Q1 2016 102 Days -25.0%
Q4 2015 115 Days -8.0%
Q3 2015 113 Days -2.6%
Q2 2015 99 Days -10.8%
Q1 2015 136 Days 23.6%
Q4 2014 125 Days 31.6%
Q3 2014 116 Days 1.8%
Q2 2014 111 Days 24.7%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q20
50
100
150
Me
dia
n T
ime
to
Sa
le
0
20
40
60
80
100
Me
dia
n T
ime
to
C
on
trac
tQuarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Townhouses and Condos
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the quarter
2013 2014 2015 2016
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
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.
Quarter New Pending SalesPercent Change
Year-over-Year
Q2 2017 123 7.9%
Q3 2015 68 -10.5%
Q1 2017 114 39.0%
Q4 2016 113 46.8%
Q1 2016 82 18.8%
Q4 2015 77 18.5%
Q3 2016 117 72.1%
Q2 2016 114 7.5%
Q2 2015 106 7.1%
Q1 2015 69 -25.8%
Q4 2014 65 3.2%
Q3 2014 76 -3.8%
Q2 2014 99 8.8%
Quarter New ListingsPercent Change
Year-over-Year
Q2 2017 132 -3.6%
Q1 2017 154 19.4%
Q4 2016 120 18.8%
Q3 2016 123 30.9%
Q3 2015 94 17.5%
Q2 2015 102 -20.3%
34.3%
Q1 2016 129 4.0%
Q4 2015 101 3.1%
Q2 2016 137
Q3 2014 80 -30.4%
Q2 2014 128 17.4%
Q1 2015 124 -19.0%
Q4 2014 98 0.0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0
50
100
150
200
Ne
w L
isti
ngs
0
50
100
150
Pe
nd
ing
Sale
s
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Townhouses and Condos
New Pending SalesThe number of listed properties that went under contract during the quarter
2013 2014 2015 2016
New ListingsThe number of properties put onto the market during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Economists' note : There are a number of ways to define and calculate
Inventory. Here, we simply count the number of active listings on the
last day of the quarter, and hold this number to compare with the same
quarter 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. Q2 2014 7.8 -4.9%
Q4 2014 5.5 -29.5%
Q3 2014 6.8 -11.7%
Q2 2015 5.3 -32.1%
Q1 2015 6.8 -18.1%
Q4 2015 4.7 -14.5%
Q3 2015 4.8 -29.4%
Q2 2016 5.1 -3.8%
Q1 2016 4.7 -30.9%
Q4 2016 3.1 -34.0%
Q3 2016 4.2 -12.5%
Q2 2017 2.9 -43.1%
Q1 2017 3.2 -31.9%
Q2 2014 183 14.4%
Quarter Months SupplyPercent Change
Year-over-Year
Q4 2014 135 -18.2%
Q3 2014 156 -4.3%
Q2 2015 117 -36.1%
Q1 2015 153 -15.9%
Q4 2015 109 -19.3%
Q3 2015 113 -27.6%
0.9%
Q2 2016 126 7.7%
Q1 2016 118 -22.9%
Q3 2016 114
Quarter InventoryPercent Change
Year-over-Year
Q2 2017 105 -16.7%
Q1 2017 111 -5.9%
Q4 2016 99 -9.2%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
0.0
2.0
4.0
6.0
8.0
10.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
0
50
100
150
200
Inve
nto
ry
Quarterly Market Detail - Q2 2017
2013 2014 2015 2016
Ocala/Marion County Association of REALTORS®Townhouses and Condos
Inventory (Active Listings)The number of property listings active at the end of the quarter
2013 2014 2015 2016
Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more (No Sales) 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 quarter. 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 22 Days -65.6%
$200,000 - $249,999 66 Days -10.8%
$250,000 - $299,999
$400,000 - $599,999 (No Sales) N/A
4 Days N/A
$300,000 - $399,999 64 Days N/A
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 quarter's
sales to the amount of sales in the same month in the previous year),
rather than changes from one quarter to the next.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 25 Days -65.3%
$1,000,000 or more 0 N/A
$250,000 - $299,999 1 N/A
$300,000 - $399,999 1 N/A
$50,000 - $99,999 15 Days -73.7%
$100,000 - $149,999
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
45 Days 0.0%
$150,000 - $199,999 11 83.3%
$200,000 - $249,999 4 300.0%
$100,000 - $149,999 28 75.0%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 11 -57.7%
$50,000 - $99,999 55 61.8%
0
10
20
30
40
50
60
70
80
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
C
on
trac
t
Q2 2016 Q2 2017
0
10
20
30
40
50
60
70
80
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 ormore
Clo
sed
Sal
es
Q2 2016 Q2 2017
0
10
20
30
40
50
60
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Townhouses and Condos
Closed Sales by Sale PriceThe number of sales transactions which closed during the quarter
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the quarter
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, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
$600,000 - $999,999 1 -50.0%
$1,000,000 or more 0 N/A
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 quarter, and hold this number to compare with
the same quarter 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 21 90.9%
$200,000 - $249,999 8 33.3%
$250,000 - $299,999 10 42.9%
$300,000 - $399,999 2 -71.4%
$400,000 - $599,999 1 -66.7%
$50,000 - $99,999 42 -19.2%
$100,000 - $149,999 14 -36.4%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 6 -62.5%
$600,000 - $999,999 0 -100.0%
$1,000,000 or more 0 N/A
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 6.3%
$200,000 - $249,999 2 -50.0%
$250,000 - $299,999 5 -16.7%
$300,000 - $399,999 1 -75.0%
$400,000 - $599,999 2 0.0%
$50,000 - $99,999 63 16.7%
$100,000 - $149,999 30 25.0%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 12 -52.0%
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
Q2 2016 Q2 2017
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 ormore
Inve
nto
ry
Q2 2016 Q2 2017
0
10
20
30
40
50
60
0
10
20
30
40
50
60
70
Quarterly Market Detail - Q2 2017
Ocala/Marion County Association of REALTORS®Townhouses and Condos
New Listings by Initial Listing PriceThe number of properties put onto the market during the quarter
Inventory by Current Listing PriceThe number of property listings active at the end of the quarter
This report describes member activity for the association and is not confined to any specific geographic area.
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 Wednesday, August 9, 2017. Data revised on Monday, January 16, 2017. Next quarterly data release is Thursday, November 2, 2017.
Short Sale
1 0 N/A
$82,000 (No Sales) N/A
Foreclosure/REO
4 9 -55.6%
$93,500 $59,500 57.1%
Q2 2017 Q2 2016Percent Change
Year-over-Year
Traditional
106 74 43.2%
$85,500 $75,000 14.0%
2013 2014 2015 2016 2017
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
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
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Quarterly Distressed Market - Q2 2017
Ocala/Marion County Association of REALTORS®Townhouses and Condos
2013 2014 2015 2016 2017