March 2013 Townhome and Condo Market Summary

Pct. of Closed
Sales Paid in Cash
Townhouses and Condos
Bay County Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Cash Sales
The number of Closed Sales during the month in which
buyers exclusively paid in cash
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.
60
50
40
30
20
Cash Sales Monthly Market Detail - March 2013
10
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.
60%
50%
40%
30%
20%
10%
0%
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 Cash Sales
Percent Change
Year-over-Year
March 2013 41 -12.8%
February 2013 47 38.2%
January 2013 26 18.2%
December 2012 38 100.0%
November 2012 25 316.7%
October 2012 25 257.1%
September 2012 38 216.7%
August 2012 38 15.2%
July 2012 44 18.9%
June 2012 46 21.1%
May 2012 44 -18.5%
April 2012 47 -13.0%
March 2012 47 -16.1%
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
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month
which were Cash Sales
Month
Percent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
March 2013 41.4% -11.0%
February 2013 49.0% 21.0%
January 2013 36.1% 14.9%
December 2012 38.4% 55.6%
November 2012 31.6% 253.4%
October 2012 30.5% 265.9%
September 2012 36.2% 129.2%
August 2012 38.4% -3.5%
July 2012 44.0% -13.2%
June 2012 36.5% -4.9%
May 2012 39.3% -6.9%
April 2012 47.0% 1.0%
March 2012 46.5% -11.9%
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