Real Estate Market Report for May 2014

Closed Sales
Monthly Market Detail - May 2014
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.
Summary Statistics
May 2014
May 2013
Percent Change
Year-over-Year
Closed Sales
Paid in Cash
240 247 -2.8%
68 61 11.5%
New Pending Sales
265
291 -8.9%
New Listings
Median Sale Price
366 284 28.9%
$160,200 $160,000 0.1%
Average Sale Price
$208,906
$190,114 9.9%
Median Days on Market
58 80 -27.5%
Average Percent of Original List
Price Received
90.5%
90.7%
-0.2%
Pending Inventory
Inventory (Active Listings)
407
1,562
477 -14.7%
1,364 14.5%
Months Supply of Inventory 8.1
7.7 4.2%
Closed Sales
The number of sales transactions which closed during
the month
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 using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Month
Closed Sales
Percent Change
Year-over-Year
May 2014
240
-2.8%
April 2014 200 11.1%
March 2014 219
February 2014 160
January 2014 126
December 2013 201
November 2013 157
October 2013 184
September 2013 192
August 2013 243
July 2013 192
June 2013 210
May 2013 247
32.7%
13.5%
-1.6%
4.7%
2.6%
7.6%
11.6%
22.1%
8.5%
10.5%
43.6%
300
250
200
150
100
50
0
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Cash Sales
Pct. of Closed
Sales Paid in Cash
Monthly Market Detail - May 2014
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.
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.
Month
Cash Sales
Percent Change
Year-over-Year
May 2014 68 11.5%
April 2014 55 10.0%
March 2014 52 23.8%
February 2014 34 -10.5%
January 2014 32 6.7%
December 2013 39 -2.5%
November 2013 31 -18.4%
October 2013 57 46.2%
September 2013 40 48.1%
August 2013 52 13.0%
July 2013 38 -2.6%
June 2013 46 17.9%
May 2013 61 90.6%
80
2010 2011 2012 2013
60
40
20
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month
which were Cash Sales
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.
Month
Percent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
May 2014 28.3% 14.7%
April 2014 27.5% -1.0%
March 2014 23.7% -6.7%
February 2014 21.3% -21.2%
January 2014 25.4% 8.4%
December 2013 19.4% -6.9%
November 2013 19.7% -20.5%
October 2013 31.0% 35.8%
September 2013 20.8% 32.7%
August 2013 21.4% -7.4%
July 2013 19.8% -10.2%
June 2013 21.9% 6.7%
May 2013 24.7% 32.7%
40%
2010 2011 2012 2013
30%
20%
10%
0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Pending Sales
New Listings
Monthly Market Detail - May 2014
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.
New Pending Sales
The number of property listings that went from
"Active" to "Pending" status during the month
Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Month
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
New Pending Sales
265
277
250
230
252
151
167
210
182
257
226
216
291
Percent Change
Year-over-Year
-8.9%
-5.1%
-12.6%
14.4%
5.0%
-31.4%
-22.3%
1.9%
5.8%
22.4%
14.1%
14.9%
47.0%
400
2010 2011 2012 2013
300
200
100
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
New Listings
The number of properties put onto the market during
the month
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
Month
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
New Listings
366
365
365
298
320
234
226
297
320
340
319
283
284
Percent Change
Year-over-Year
28.9%
9.6%
5.2%
13.3%
9.2%
24.5%
5.1%
14.7%
31.1%
16.8%
22.2%
2.5%
-6.3%
400
2010 2011 2012 2013
300
200
100
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Median Sale Price
Average Sale
Price
Monthly Market Detail - May 2014
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.
Month
Median Sale Price
Percent Change
Year-over-Year
May 2014 $160,200 0.1%
April 2014 $157,047 1.0%
March 2014 $149,000 -12.9%
February 2014 $163,500 5.5%
January 2014 $169,000 13.4%
December 2013 $171,350 15.1%
November 2013 $162,500 3.2%
October 2013 $160,000 9.6%
September 2013 $176,250 -2.1%
August 2013 $174,750 24.2%
July 2013 $185,500 16.0%
June 2013 $169,000 0.9%
May 2013 $160,000 0.0%
$190K
2010 2011 2012 2013
$170K
$150K
$130K
$110K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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 : 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.
Month
Average Sale Price
Percent Change
Year-over-Year
May 2014 $208,906 9.9%
April 2014 $178,105 -7.5%
March 2014 $178,376 -0.9%
February 2014 $191,885 13.7%
January 2014 $211,680 27.9%
December 2013 $190,234 -2.5%
November 2013 $183,844 3.4%
October 2013 $185,006 2.9%
September 2013 $195,338 -0.9%
August 2013 $197,648 7.1%
July 2013 $195,672 6.3%
June 2013 $201,981 4.6%
May 2013 $190,114 -6.9%
$220K
2010 2011 2012 2013
$200K
$180K
$160K
$140K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Median Days on
Market
Avg. Pct. of Orig.
List Price
Received
Monthly Market Detail - May 2014
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 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.
Month
Median Days on
Market
Percent Change
Year-over-Year
May 2014 58 -27.5%
April 2014 76 -2.6%
March 2014 86 -3.4%
February 2014 89 -2.2%
January 2014 82 -18.8%
December 2013 78 -4.9%
November 2013 62 -25.3%
October 2013 62 -42.6%
September 2013 75 -7.4%
August 2013 70 -28.6%
July 2013 79 -20.2%
June 2013 67 -23.0%
May 2013 80 -8.0%
120
100
80
60
40
20
0
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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
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.
Month
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
May 2014 90.5% -0.2%
April 2014 90.0% -1.1%
March 2014 90.9% 0.7%
February 2014 89.9% 1.5%
January 2014 90.9% 1.5%
December 2013 90.5% 2.0%
November 2013 91.2% 1.4%
October 2013 91.9% 3.0%
September 2013 92.1% 2.3%
August 2013 92.5% 5.2%
July 2013 91.2% 2.8%
June 2013 92.7% 2.3%
May 2013 90.7% 1.3%
95%
2010 2011 2012 2013
90%
85%
80%
75%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Inventory
Months Supply of
Inventory
Monthly Market Detail - May 2014
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.
Inventory (Active Listings)
The number of property listings active at the end of
the month
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting 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.
Month
Inventory
Percent Change
Year-over-Year
May 2014 1,562 14.5%
April 2014 1,556 9.7%
March 2014 1,538 11.3%
February 2014 1,496 11.6%
January 2014 1,477 10.4%
December 2013 1,525 11.3%
November 2013 1,489 4.6%
October 2013 1,498 -2.5%
September 2013 1,497 -9.1%
August 2013 1,415 -17.5%
July 2013 1,413 -19.9%
June 2013 1,374 -26.0%
May 2013 1,364 -29.0%
2,700
2010 2011 2012 2013
2,200
1,700
1,200
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Months Supply of Inventory
An estimate of the number of months it will take to
deplete the current Inventory given recent sales rates
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
Month
Months Supply
Percent Change
Year-over-Year
May 2014 8.1 4.2%
April 2014 8.0 -4.0%
March 2014 8.0 -2.2%
February 2014 8.0 0.1%
January 2014 7.9 -1.2%
December 2013 8.2 -2.2%
November 2013 8.0 -10.4%
October 2013 8.1 -18.5%
September 2013 8.1 -25.5%
August 2013 7.7 -32.4%
July 2013 7.9 -34.8%
June 2013 7.7 -40.6%
May 2013 7.7 -43.4%
21.0
2010 2011 2012 2013
16.0
11.0
6.0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Closed Sales
Median Days
on Market
Monthly Market Detail - May 2014
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.
Closed Sales by Sale Price
The number of sales transactions which closed during
the month
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 using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
60
50
40
30
20
10
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Sale Price
Closed Sales
Percent Change
Year-over-Year
Less than $50,000 17 -10.5%
$50,000 - $99,999 40 -13.0%
$100,000 - $149,999 52 6.1%
$150,000 - $199,999 44 -4.3%
$200,000 - $249,999 33 -2.9%
$250,000 - $299,999 16 -27.3%
$300,000 - $399,999 25 56.3%
$400,000 - $599,999 6 -45.5%
$600,000 - $999,999 6 100.0%
$1,000,000 or more 1 0.0%
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
60
50
40
30
20
10
0
Median Days on Market by Sale Price
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.
600
500
400
300
200
100
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Sale Price
$150,000 - $199,999 57 -29.6%
$200,000 - $249,999 41 -24.1%
$250,000 - $299,999
Median Days on
Market
Percent Change
Year-over-Year
Less than $50,000 76 -10.6%
$50,000 - $99,999 83 10.7%
$100,000 - $149,999
53 -39.8%
173 73.0%
$300,000 - $399,999 114 37.3%
$400,000 - $599,999 117 -50.4%
$600,000 - $999,999 57 -90.0%
$1,000,000 or more 305 N/A
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
600
500
400
300
200
100
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

New Listings
Inventory
Monthly Market Detail - May 2014
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.
New Listings by Initial Listing Price
The number of properties put onto the market during
the month
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
70
60
50
40
30
20
10
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Initial Listing Price
New Listings
Percent Change
Year-over-Year
Less than $50,000 17 142.9%
$50,000 - $99,999 39 18.2%
$100,000 - $149,999 60 7.1%
$150,000 - $199,999 63 21.2%
$200,000 - $249,999 46 39.4%
$250,000 - $299,999 34 -24.4%
$300,000 - $399,999 58 87.1%
$400,000 - $599,999 24 166.7%
$600,000 - $999,999 17 30.8%
$1,000,000 or more 8 60.0%
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
70
60
50
40
30
20
10
0
Inventory by Current Listing Price
The number of property listings active at the end of
the month
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting 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.
300
250
200
150
100
50
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Current Listing Price
Inventory
Percent Change
Year-over-Year
Less than $50,000 61 17.3%
$50,000 - $99,999 168 -8.2%
$100,000 - $149,999 213 -0.9%
$150,000 - $199,999 253 25.9%
$200,000 - $249,999 190 5.0%
$250,000 - $299,999 178 8.5%
$300,000 - $399,999 200 25.8%
$400,000 - $599,999 127 49.4%
$600,000 - $999,999 98 27.3%
$1,000,000 or more 74 57.4%
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
300
250
200
150
100
50
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Closed Sales
Median Sale Price
Monthly Distressed Market - May 2014
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.
May 2014 May 2013
Percent Change
Year-over-Year
Traditional
Closed Sales
Median Sale Price
179 175 2.3%
$185,000 $175,000 5.7%
Foreclosure/REO
Closed Sales
Median Sale Price
51 46 10.9%
$94,000 $96,500 -2.6%
Short Sale
Closed Sales
Median Sale Price
10 26 -61.5%
$99,000 $127,000 -22.0%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
$250,000
2010 2011 2012 2013
Traditional Foreclosure/REO Short Sale
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
$200,000
$150,000
$100,000
$50,000
$0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2010 2011 2012 2013
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Closed Sales
Monthly Market Detail - May 2014
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.
Summary Statistics
May 2014
May 2013
Percent Change
Year-over-Year
Closed Sales
Paid in Cash
141 145 -2.8%
53 52 1.9%
New Pending Sales
158
176 -10.2%
New Listings
Median Sale Price
194 200 -3.0%
$165,000 $179,000 -7.8%
Average Sale Price
$191,055
$188,952 1.1%
Median Days on Market
57 63 -9.5%
Average Percent of Original List
Price Received
93.3%
91.6%
1.9%
Pending Inventory
Inventory (Active Listings)
157
986
198 -20.7%
933 5.7%
Months Supply of Inventory 7.6
8.0 -5.1%
Closed Sales
The number of sales transactions which closed during
the month
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 using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Month
Closed Sales
Percent Change
Year-over-Year
May 2014
141
-2.8%
April 2014 129 -11.6%
March 2014 131
February 2014 116
January 2014 115
December 2013 117
November 2013 96
October 2013 155
September 2013 146
August 2013 139
July 2013 136
June 2013 134
May 2013 145
4.8%
0.9%
38.6%
2.6%
5.5%
52.0%
23.7%
19.8%
27.1%
-0.7%
19.8%
200
2010 2011 2012 2013
150
100
50
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Cash Sales
Pct. of Closed
Sales Paid in Cash
Monthly Market Detail - May 2014
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.
Month
Cash Sales
Percent Change
Year-over-Year
May 2014 53 1.9%
April 2014 52 -11.9%
March 2014 57 9.6%
February 2014 48 -12.7%
January 2014 37 23.3%
December 2013 46 7.0%
November 2013 36 24.1%
October 2013 40 25.0%
September 2013 60 46.3%
August 2013 55 17.0%
July 2013 59 34.1%
June 2013 50 4.2%
May 2013 52 13.0%
80
2010 2011 2012 2013
60
40
20
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month
which were Cash Sales
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.
Month
Percent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
May 2014 37.6% 4.8%
April 2014 40.3% -0.2%
March 2014 43.5% 4.6%
February 2014 41.4% -13.5%
January 2014 32.2% -11.0%
December 2013 39.3% 4.2%
November 2013 37.5% 17.7%
October 2013 25.8% -17.7%
September 2013 41.1% 18.3%
August 2013 39.6% -2.3%
July 2013 43.4% 5.5%
June 2013 37.3% 4.9%
May 2013 35.9% -5.7%
60%
50%
40%
30%
20%
10%
0%
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Pending Sales
New Listings
Monthly Market Detail - May 2014
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.
New Pending Sales
The number of property listings that went from
"Active" to "Pending" status during the month
Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Month
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
New Pending Sales
158
123
143
161
139
108
108
143
146
157
154
153
176
Percent Change
Year-over-Year
-10.2%
-29.7%
-6.5%
4.5%
-10.3%
-4.4%
-12.2%
7.5%
39.0%
27.6%
29.4%
16.8%
35.4%
200
2010 2011 2012 2013
150
100
50
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
New Listings
The number of properties put onto the market during
the month
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
Month
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
New Listings
194
206
209
163
222
134
142
184
168
194
193
165
200
Percent Change
Year-over-Year
-3.0%
8.4%
18.1%
-10.4%
14.4%
3.1%
-4.7%
17.9%
27.3%
-1.0%
2.7%
-12.7%
29.9%
250
200
150
100
50
0
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Median Sale Price
Average Sale
Price
Monthly Market Detail - May 2014
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.
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.
Month
Median Sale Price
Percent Change
Year-over-Year
May 2014 $165,000 -7.8%
April 2014 $183,000 -1.1%
March 2014 $179,900 5.5%
February 2014 $169,950 -5.6%
January 2014 $145,000 -11.6%
December 2013 $200,000 3.9%
November 2013 $174,500 9.7%
October 2013 $216,750 36.8%
September 2013 $169,850 4.8%
August 2013 $155,000 -13.9%
July 2013 $172,000 1.2%
June 2013 $179,400 -8.2%
May 2013 $179,000 2.2%
$230K
$210K
$190K
$170K
$150K
$130K
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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 : 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.
Month
Average Sale Price
Percent Change
Year-over-Year
May 2014 $191,055 1.1%
April 2014 $206,361 -0.5%
March 2014 $199,715 3.4%
February 2014 $193,252 4.0%
January 2014 $174,493 -3.7%
December 2013 $208,054 2.2%
November 2013 $194,646 14.6%
October 2013 $215,022 26.1%
September 2013 $181,630 8.8%
August 2013 $187,613 0.5%
July 2013 $200,553 2.2%
June 2013 $207,548 -18.5%
May 2013 $188,952 -1.4%
$290K
2010 2011 2012 2013
$240K
$190K
$140K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Median Days on
Market
Avg. Pct. of Orig.
List Price
Received
Monthly Market Detail - May 2014
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.
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.
Month
Median Days on
Market
Percent Change
Year-over-Year
May 2014 57 -9.5%
April 2014 86 26.5%
March 2014 82 24.2%
February 2014 77 5.5%
January 2014 77 -16.3%
December 2013 70 4.5%
November 2013 59 -19.2%
October 2013 61 -19.7%
September 2013 60 -1.6%
August 2013 82 -8.9%
July 2013 70 -10.3%
June 2013 70 -23.1%
May 2013 63 -13.7%
200
2010 2011 2012 2013
150
100
50
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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
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.
Month
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
May 2014 93.3% 1.9%
April 2014 92.7% 1.3%
March 2014 92.4% 0.4%
February 2014 91.7% 0.0%
January 2014 92.5% 0.9%
December 2013 92.4% 0.2%
November 2013 93.2% 3.2%
October 2013 94.1% 4.1%
September 2013 92.1% 2.3%
August 2013 93.8% 2.6%
July 2013 92.4% 0.4%
June 2013 92.0% -0.1%
May 2013 91.6% -0.2%
100%
95%
90%
85%
80%
75%
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Inventory
Months Supply of
Inventory
Monthly Market Detail - May 2014
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.
Inventory (Active Listings)
The number of property listings active at the end of
the month
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting 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.
Month
Inventory
Percent Change
Year-over-Year
May 2014 986 5.7%
April 2014 980 5.6%
March 2014 923 0.0%
February 2014 879 -4.1%
January 2014 918 1.3%
December 2013 901 -7.2%
November 2013 906 -4.7%
October 2013 901 -9.5%
September 2013 895 -13.9%
August 2013 913 -15.1%
July 2013 902 -15.9%
June 2013 908 -17.2%
May 2013 933 -16.9%
2,200
2010 2011 2012 2013
1,700
1,200
700
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Months Supply of Inventory
An estimate of the number of months it will take to
deplete the current Inventory given recent sales rates
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
Month
Months Supply
Percent Change
Year-over-Year
May 2014 7.6 -5.1%
April 2014 7.5 -7.0%
March 2014 7.0 -15.2%
February 2014 6.7 -18.9%
January 2014 7.0 -15.8%
December 2013 7.0 -20.9%
November 2013 7.1 -20.2%
October 2013 7.1 -24.4%
September 2013 7.3 -25.5%
August 2013 7.6 -25.9%
July 2013 7.6 -26.5%
June 2013 7.8 -27.4%
May 2013 8.0 -28.5%
25.0
2010 2011 2012 2013
20.0
15.0
10.0
5.0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Closed Sales
Median Days
on Market
Monthly Market Detail - May 2014
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.
Closed Sales by Sale Price
The number of sales transactions which closed during
the month
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 using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
40
35
30
25
20
15
10
5
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Sale Price
Closed Sales
Percent Change
Year-over-Year
Less than $50,000 4 -20.0%
$50,000 - $99,999 25 -19.4%
$100,000 - $149,999 37 60.9%
$150,000 - $199,999 24 -4.0%
$200,000 - $249,999 21 -22.2%
$250,000 - $299,999 8 -50.0%
$300,000 - $399,999 11 -15.4%
$400,000 - $599,999 9 200.0%
$600,000 - $999,999 2 0.0%
$1,000,000 or more 0 N/A
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
40
35
30
25
20
15
10
5
0
Median Days on Market by Sale Price
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.
250
200
May 2013 May 2014
Sale Price
$150,000 - $199,999 41 -32.8%
$200,000 - $249,999 68 112.5%
$250,000 - $299,999
Median Days on
Market
Percent Change
Year-over-Year
Less than $50,000 119 29.3%
$50,000 - $99,999 59 -36.6%
$100,000 - $149,999
54 -18.2%
73 -9.9%
$300,000 - $399,999 104 173.7%
$400,000 - $599,999 62 31.9%
$600,000 - $999,999 20 -91.2%
$1,000,000 or more (No Sales) N/A
250
200
150
150
100
100
50
50
0
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
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

New Listings
Inventory
Monthly Market Detail - May 2014
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.
New Listings by Initial Listing Price
The number of properties put onto the market during
the month
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
45
40
35
30
25
20
15
10
5
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Initial Listing Price
New Listings
Percent Change
Year-over-Year
Less than $50,000 3 -50.0%
$50,000 - $99,999 25 56.3%
$100,000 - $149,999 42 10.5%
$150,000 - $199,999 32 -15.8%
$200,000 - $249,999 23 -30.3%
$250,000 - $299,999 21 -19.2%
$300,000 - $399,999 29 7.4%
$400,000 - $599,999 16 33.3%
$600,000 - $999,999 2 -50.0%
$1,000,000 or more 1 N/A
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
45
40
35
30
25
20
15
10
5
0
Inventory by Current Listing Price
The number of property listings active at the end of
the month
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting 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.
200
150
May 2013 May 2014
Current Listing Price
Inventory
Percent Change
Year-over-Year
Less than $50,000 14 40.0%
$50,000 - $99,999 108 0.9%
$100,000 - $149,999 162 3.2%
$150,000 - $199,999 158 -7.1%
$200,000 - $249,999 130 19.3%
$250,000 - $299,999 115 22.3%
$300,000 - $399,999 187 25.5%
$400,000 - $599,999 87 -15.5%
$600,000 - $999,999 23 -23.3%
$1,000,000 or more 2 -50.0%
200
150
100
100
50
50
0
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
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Closed Sales
Median Sale Price
Monthly Distressed Market - May 2014
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.
May 2014 May 2013
Percent Change
Year-over-Year
Traditional
Closed Sales
Median Sale Price
117 108 8.3%
$179,000 $191,150 -6.4%
Foreclosure/REO
Closed Sales
Median Sale Price
22 23 -4.3%
$114,750 $85,000 35.0%
Short Sale
Closed Sales
Median Sale Price
2 14 -85.7%
$182,500 $201,905 -9.6%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
$300,000
2010 2011 2012 2013
Traditional Foreclosure/REO Short Sale
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
$250,000
$200,000
$150,000
$100,000
$50,000
$0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2010 2011 2012 2013
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Closed Sales
Monthly Market Detail - May 2014
Manufactured Homes
Bay County Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Summary Statistics
May 2014
May 2013
Percent Change
Year-over-Year
Closed Sales
Paid in Cash
29 23 26.1%
16 11 45.5%
New Pending Sales
29
19 52.6%
New Listings
Median Sale Price
36 31 16.1%
$50,000 $55,000 -9.1%
Average Sale Price
$53,750
$56,709 -5.2%
Median Days on Market
94 50 88.0%
Average Percent of Original List
Price Received
81.4%
82.1%
-0.9%
Pending Inventory
Inventory (Active Listings)
31
210
23 34.8%
228 -7.9%
Months Supply of Inventory 12.3
15.1 -18.7%
Closed Sales
The number of sales transactions which closed during
the month
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 using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Month
Closed Sales
Percent Change
Year-over-Year
May 2014
29
26.1%
April 2014 14 40.0%
March 2014 21
February 2014 14
January 2014 11
December 2013 20
November 2013 16
October 2013 15
September 2013 15
August 2013 12
July 2013 21
June 2013 17
May 2013 23
200.0%
16.7%
-26.7%
11.1%
45.5%
-16.7%
7.1%
-20.0%
31.3%
-22.7%
76.9%
40
2010 2011 2012 2013
30
20
10
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Cash Sales
Pct. of Closed
Sales Paid in Cash
Monthly Market Detail - May 2014
Manufactured Homes
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.
Month
Cash Sales
Percent Change
Year-over-Year
May 2014 16 45.5%
April 2014 9 125.0%
March 2014 11 450.0%
February 2014 10 66.7%
January 2014 3 -70.0%
December 2013 11 57.1%
November 2013 11 120.0%
October 2013 8 -27.3%
September 2013 8 -11.1%
August 2013 5 -44.4%
July 2013 12 9.1%
June 2013 11 0.0%
May 2013 11 83.3%
20
2010 2011 2012 2013
15
10
5
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month
which were Cash Sales
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.
Month
Percent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
May 2014 55.2% 15.4%
April 2014 64.3% 60.7%
March 2014 52.4% 83.3%
February 2014 71.4% 42.9%
January 2014 27.3% -59.1%
December 2013 55.0% 41.4%
November 2013 68.8% 51.3%
October 2013 53.3% -12.7%
September 2013 53.3% -17.0%
August 2013 41.7% -30.6%
July 2013 57.1% -16.9%
June 2013 64.7% 29.4%
May 2013 47.8% 3.6%
80%
2010 2011 2012 2013
60%
40%
20%
0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Pending Sales
New Listings
Monthly Market Detail - May 2014
Manufactured Homes
Bay County Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
New Pending Sales
The number of property listings that went from
"Active" to "Pending" status during the month
Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Month
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
New Pending Sales
29
26
18
22
22
18
16
25
17
14
17
27
19
Percent Change
Year-over-Year
52.6%
8.3%
12.5%
37.5%
0.0%
38.5%
-5.9%
56.3%
-5.6%
7.7%
-5.6%
42.1%
-5.0%
40
2010 2011 2012 2013
30
20
10
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
New Listings
The number of properties put onto the market during
the month
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
Month
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
New Listings
36
32
35
38
39
32
37
34
32
35
34
31
31
Percent Change
Year-over-Year
16.1%
-25.6%
-16.7%
31.0%
14.7%
52.4%
19.4%
-10.5%
45.5%
29.6%
0.0%
-16.2%
-24.4%
60
50
40
30
20
10
0
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Median Sale Price
Average Sale
Price
Monthly Market Detail - May 2014
Manufactured 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.
Month
Median Sale Price
Percent Change
Year-over-Year
May 2014 $50,000 -9.1%
April 2014 $47,375 -20.5%
March 2014 $42,500 41.7%
February 2014 $36,650 -28.1%
January 2014 $50,000 -5.7%
December 2013 $43,051 0.8%
November 2013 $47,750 -4.5%
October 2013 $58,300 41.3%
September 2013 $43,000 5.1%
August 2013 $45,950 -16.4%
July 2013 $54,900 40.8%
June 2013 $52,000 26.8%
May 2013 $55,000 22.2%
$80K
$70K
$60K
$50K
$40K
$30K
$20K
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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 : 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.
Month
Average Sale Price
Percent Change
Year-over-Year
May 2014 $53,750 -5.2%
April 2014 $52,046 -20.3%
March 2014 $57,986 4.6%
February 2014 $54,964 15.4%
January 2014 $43,227 -25.5%
December 2013 $54,820 10.6%
November 2013 $54,742 0.5%
October 2013 $67,711 51.3%
September 2013 $47,867 4.7%
August 2013 $59,575 -21.8%
July 2013 $65,829 60.9%
June 2013 $63,582 16.2%
May 2013 $56,709 22.3%
$100K
2010 2011 2012 2013
$80K
$60K
$40K
$20K
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Median Days on
Market
Avg. Pct. of Orig.
List Price
Received
Monthly Market Detail - May 2014
Manufactured Homes
Bay County Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
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.
Month
Median Days on
Market
Percent Change
Year-over-Year
May 2014 94 88.0%
April 2014 95 18.8%
March 2014 86 -34.8%
February 2014 48 -27.3%
January 2014 103 66.1%
December 2013 108 22.7%
November 2013 60 -54.2%
October 2013 86 -4.4%
September 2013 110 31.0%
August 2013 135 51.7%
July 2013 75 -21.9%
June 2013 83 -7.8%
May 2013 50 -28.6%
300
250
200
150
100
50
0
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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
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.
Month
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
May 2014 81.4% -0.9%
April 2014 82.4% -4.7%
March 2014 84.5% 10.5%
February 2014 92.2% 5.5%
January 2014 81.5% -1.8%
December 2013 81.7% -0.2%
November 2013 80.6% 6.6%
October 2013 83.7% 2.7%
September 2013 75.9% -5.6%
August 2013 85.1% 0.6%
July 2013 84.2% 0.4%
June 2013 83.2% -3.9%
May 2013 82.1% 2.9%
95%
90%
85%
80%
75%
70%
65%
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Inventory
Months Supply of
Inventory
Monthly Market Detail - May 2014
Manufactured Homes
Bay County Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Inventory (Active Listings)
The number of property listings active at the end of
the month
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting 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.
Month
Inventory
Percent Change
Year-over-Year
May 2014 210 -7.9%
April 2014 214 -2.7%
March 2014 218 4.8%
February 2014 222 15.6%
January 2014 222 13.8%
December 2013 231 15.5%
November 2013 227 5.6%
October 2013 208 -4.1%
September 2013 227 7.1%
August 2013 222 -0.4%
July 2013 208 -8.4%
June 2013 214 -7.8%
May 2013 228 -3.0%
400
2010 2011 2012 2013
300
200
100
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Months Supply of Inventory
An estimate of the number of months it will take to
deplete the current Inventory given recent sales rates
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
Month
Months Supply
Percent Change
Year-over-Year
May 2014 12.3 -18.7%
April 2014 12.9 -16.4%
March 2014 13.4 -4.9%
February 2014 14.7 16.9%
January 2014 14.9 13.8%
December 2013 15.1 8.6%
November 2013 15.0 -3.2%
October 2013 14.2 -9.6%
September 2013 15.2 -4.3%
August 2013 15.0 -6.6%
July 2013 13.8 -13.4%
June 2013 14.6 -9.9%
May 2013 15.1 -8.3%
36.0
31.0
26.0
21.0
16.0
11.0
2010 2011 2012 2013
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Closed Sales
Median Days
on Market
Monthly Market Detail - May 2014
Manufactured Homes
Bay County Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales by Sale Price
The number of sales transactions which closed during
the month
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 using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
18
16
14
12
10
8
6
4
2
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Sale Price
Closed Sales
Percent Change
Year-over-Year
Less than $50,000 13 18.2%
$50,000 - $99,999 16 60.0%
$100,000 - $149,999 0 -100.0%
$150,000 - $199,999 0 N/A
$200,000 - $249,999 0 N/A
$250,000 - $299,999 0 N/A
$300,000 - $399,999 0 N/A
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
18
16
14
12
10
8
6
4
2
0
Median Days on Market by Sale Price
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.
160
140
120
100
80
60
40
20
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Sale Price
$150,000 - $199,999 (No Sales) N/A
$200,000 - $249,999 (No Sales) N/A
$250,000 - $299,999
Median Days on
Market
(No Sales)
Percent Change
Year-over-Year
Less than $50,000 70 75.0%
$50,000 - $99,999 138 -6.1%
$100,000 - $149,999
(No Sales)
N/A
N/A
$300,000 - $399,999 (No Sales) N/A
$400,000 - $599,999 (No Sales) N/A
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more (No Sales) N/A
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
160
140
120
100
80
60
40
20
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

New Listings
Inventory
Monthly Market Detail - May 2014
Manufactured Homes
Bay County Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
New Listings by Initial Listing Price
The number of properties put onto the market during
the month
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
18
16
14
12
10
8
6
4
2
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Initial Listing Price
New Listings
Percent Change
Year-over-Year
Less than $50,000 8 -20.0%
$50,000 - $99,999 16 33.3%
$100,000 - $149,999 9 28.6%
$150,000 - $199,999 2 N/A
$200,000 - $249,999 1 -50.0%
$250,000 - $299,999 0 N/A
$300,000 - $399,999 0 N/A
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
18
16
14
12
10
8
6
4
2
0
Inventory by Current Listing Price
The number of property listings active at the end of
the month
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting 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.
140
120
100
80
60
40
20
0
Less than
$50,000
May 2013 May 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Current Listing Price
Inventory
Percent Change
Year-over-Year
Less than $50,000 41 0.0%
$50,000 - $99,999 104 -11.1%
$100,000 - $149,999 46 -11.5%
$150,000 - $199,999 15 50.0%
$200,000 - $249,999 3 0.0%
$250,000 - $299,999 1 -66.7%
$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
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
140
120
100
80
60
40
20
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.

Closed Sales
Median Sale Price
Monthly Distressed Market - May 2014
Manufactured Homes
Bay County Association of REALTORS®
This report describes member activity for the association and is not confined to any specific geographic area.
May 2014 May 2013
Percent Change
Year-over-Year
Traditional
Closed Sales
Median Sale Price
20 12 66.7%
$55,650 $73,750 -24.5%
Foreclosure/REO
Closed Sales
Median Sale Price
9 11 -18.2%
$36,450 $29,900 21.9%
Short Sale
Closed Sales
Median Sale Price
0 0 N/A
(No Sales) (No Sales) N/A
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
$100,000
$90,000
$80,000
$70,000
2010 2011 2012 2013
Traditional Foreclosure/REO Short Sale
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
2010 2011 2012 2013
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, June 23, 2014. Next data release is Tuesday, July 22, 2014.