Panama City/Bay County March 2013 Single Family Market Summary

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Median Sale Price Average Sale Price Monthly Market Detail - March 2013 Single Family Homes Bay County Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) 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. $190K $170K $150K $130K $110K Economists' note : As noted above, 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. $220K $200K $180K $160K $140K 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 Monday, April 22, 2013. Next data release is Wednesday, May 22, 2013. Month Median Sale Price Percent Change Year-over-Year March 2013 $159,150 16.2% February 2013 $150,000 13.6% January 2013 $145,000 12.2% December 2012 $147,308 12.3% November 2012 $147,500 5.4% October 2012 $145,000 5.1% September 2012 $172,575 19.0% August 2012 $138,900 -4.3% July 2012 $154,550 10.0% June 2012 $164,950 17.8% May 2012 $159,900 13.4% April 2012 $139,000 7.4% March 2012 $137,000 9.6% 2009 2010 2011 2012 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 Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Month Average Sale Price Percent Change Year-over-Year March 2013 $171,963 -6.7% February 2013 $163,412 2.4% January 2013 $161,225 -4.6% December 2012 $192,633 10.9% November 2012 $171,662 -5.5% October 2012 $176,317 -0.2% September 2012 $190,911 14.2% August 2012 $178,872 1.1% July 2012 $181,364 13.0% June 2012 $190,377 2.8% May 2012 $200,350 13.8% April 2012 $182,634 10.1% March 2012 $184,353 12.6% 2009 2010 2011 2012 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
Median Days on Market Monthly Market Detail - March 2013 Single Family Homes Bay County Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. Avg. Pct. of Orig. List Price Received Median Days on Market The median number of days that properties sold during the month were on the market Economists' note : Median Days on Market 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. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market. 150 100 50 0 Economists' note : The Average Percent of Original List Price Received is an indicator of market conditions, in that in a recovering market, the measure 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 that has shifted from down to up, and is another lagging indicator. 95% 90% 85% 80% 75% 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 Monday, April 22, 2013. Next data release is Wednesday, May 22, 2013. Month Median Days on Market Percent Change Year-over-Year March 2013 82 -15.5% February 2013 98 18.1% January 2013 99 5.3% December 2012 82 10.8% November 2012 79 -12.2% October 2012 106 -5.4% September 2012 78 -13.3% August 2012 98 -3.9% July 2012 99 8.8% June 2012 88 -21.4% May 2012 88 10.0% April 2012 87 -19.4% March 2012 97 -4.0% 2009 2010 2011 2012 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 Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month Month Avg. Pct. of Orig. List Price Received Percent Change Year-over-Year March 2013 90.4% 1.5% February 2013 88.9% 1.5% January 2013 89.3% 5.9% December 2012 88.4% 1.4% November 2012 90.0% 6.4% October 2012 89.3% 2.3% September 2012 89.8% 3.9% August 2012 88.3% 2.1% July 2012 88.8% 3.4% June 2012 90.7% 6.7% May 2012 89.6% 2.6% April 2012 88.0% 4.5% March 2012 89.1% 4.8% 2009 2010 2011 2012 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
Page 1 and 2: Closed Sales Monthly Market Detail
Page 3: New Listings Single Family Homes Ba
Page 7 and 8: Closed Sales Median Days on Market
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Panama City/Bay County March 2013 Single Family Market Summary

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