Closed Sales

Closed Sales
Monthly Market Detail - June 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
June 2014
June 2013
Percent Change
Year-over-Year
Closed Sales
Paid in Cash
240 210 14.3%
63 46 37.0%
New Pending Sales
293
216 35.6%
New Listings
Median Sale Price
371 283 31.1%
$170,000 $169,000 0.6%
Average Sale Price
$243,749
$201,981 20.7%
Median Days on Market
57 67 -14.9%
Average Percent of Original List
Price Received
92.8%
92.7%
0.1%
Pending Inventory
Inventory (Active Listings)
438
1,580
441 -0.7%
1,374 15.0%
Months Supply of Inventory 8.1
7.7 4.3%
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
June 2014
240
14.3%
May 2014 240 -2.8%
April 2014 200
11.1%
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
219
160
126
201
157
184
32.7%
13.5%
-1.6%
4.7%
2.6%
7.6%
September 2013 192
11.6%
August 2013
July 2013
243
192
22.1%
8.5%
June 2013 210
10.5%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Cash Sales
Pct. of Closed
Sales Paid in Cash
Monthly Market Detail - June 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
June 2014 63 37.0%
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%
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 J
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
June 2014 26.3% 19.8%
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%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Pending Sales
New Listings
Monthly Market Detail - June 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
June 2014
May 2014
April 2014
March 2014
250
February 2014 230
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
New Pending Sales
293
265
277
252
151
167
210
182
257
226
216
Percent Change
Year-over-Year
35.6%
-8.9%
-5.1%
-12.6%
14.4%
5.0%
-31.4%
-22.3%
1.9%
5.8%
22.4%
14.1%
14.9%
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 J
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
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
New Listings
371
366
365
365
298
320
234
226
297
320
340
319
283
Percent Change
Year-over-Year
31.1%
28.9%
9.6%
5.2%
13.3%
9.2%
24.5%
5.1%
14.7%
31.1%
16.8%
22.2%
2.5%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Median Sale Price
Average Sale
Price
Monthly Market Detail - June 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
June 2014 $170,000 0.6%
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%
$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 J
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
June 2014 $243,749 20.7%
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%
$260K
$240K
$220K
$200K
$180K
$160K
$140K
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Median Days on
Market
Avg. Pct. of Orig.
List Price
Received
Monthly Market Detail - June 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
June 2014 57 -14.9%
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%
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 J
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
June 2014 92.8% 0.1%
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%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Inventory
Months Supply of
Inventory
Monthly Market Detail - June 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
June 2014 1,580 15.0%
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%
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 J
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
June 2014 8.1 4.3%
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%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Closed Sales
Median Days
on Market
Monthly Market Detail - June 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.
70
60
50
40
30
20
10
0
Less than
$50,000
June 2013 June 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 30.0%
$50,000 - $99,999 38 15.2%
$100,000 - $149,999 39 30.0%
$150,000 - $199,999 56 -5.1%
$200,000 - $249,999 25 -10.7%
$250,000 - $299,999 25 31.6%
$300,000 - $399,999 28 47.4%
$400,000 - $599,999 8 33.3%
$600,000 - $999,999 6 0.0%
$1,000,000 or more 2 N/A
$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
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.
200
150
June 2013 June 2014
Sale Price
$50,000 - $99,999 35 -66.3%
$100,000 - $149,999
Median Days on
Market
Percent Change
Year-over-Year
Less than $50,000 89 -15.2%
40 -16.7%
$150,000 - $199,999 91 49.2%
$200,000 - $249,999 51 -39.3%
$250,000 - $299,999
75 177.8%
$300,000 - $399,999 24 -54.7%
$400,000 - $599,999 84 -25.0%
$600,000 - $999,999 113 -34.3%
$1,000,000 or more 33 N/A
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

New Listings
Inventory
Monthly Market Detail - June 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.
80
70
60
50
40
30
20
10
0
Less than
$50,000
June 2013 June 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 16 33.3%
$50,000 - $99,999 45 21.6%
$100,000 - $149,999 60 30.4%
$150,000 - $199,999 71 31.5%
$200,000 - $249,999 49 19.5%
$250,000 - $299,999 61 103.3%
$300,000 - $399,999 34 21.4%
$400,000 - $599,999 22 37.5%
$600,000 - $999,999 6 -53.8%
$1,000,000 or more 7 16.7%
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
80
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
June 2013 June 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 32.6%
$50,000 - $99,999 181 0.6%
$100,000 - $149,999 223 8.3%
$150,000 - $199,999 250 12.6%
$200,000 - $249,999 196 12.6%
$250,000 - $299,999 187 14.7%
$300,000 - $399,999 189 14.5%
$400,000 - $599,999 121 37.5%
$600,000 - $999,999 94 16.0%
$1,000,000 or more 78 59.2%
$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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Closed Sales
Median Sale Price
Monthly Distressed Market - June 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.
June 2014 June 2013
Percent Change
Year-over-Year
Traditional
Closed Sales
Median Sale Price
191 152 25.7%
$185,000 $178,700 3.5%
Foreclosure/REO
Closed Sales
Median Sale Price
44 40 10.0%
$88,500 $133,000 -33.5%
Short Sale
Closed Sales
Median Sale Price
5 18 -72.2%
$174,000 $166,000 4.8%
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 J
$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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Closed Sales
Monthly Market Detail - June 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
June 2014
June 2013
Percent Change
Year-over-Year
Closed Sales
Paid in Cash
114 134 -14.9%
49 50 -2.0%
New Pending Sales
147
153 -3.9%
New Listings
Median Sale Price
203 165 23.0%
$181,000 $179,400 0.9%
Average Sale Price
$215,274
$207,548 3.7%
Median Days on Market
65 70 -7.1%
Average Percent of Original List
Price Received
93.4%
92.0%
1.5%
Pending Inventory
Inventory (Active Listings)
176
1,019
201 -12.4%
908 12.2%
Months Supply of Inventory 8.0
7.8 2.1%
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
June 2014
114
-14.9%
May 2014 141 -2.8%
April 2014 129
-11.6%
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
131
116
115
117
96
155
4.8%
0.9%
38.6%
2.6%
5.5%
52.0%
September 2013 146
23.7%
August 2013
July 2013
139
136
19.8%
27.1%
June 2013 134
-0.7%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Cash Sales
Pct. of Closed
Sales Paid in Cash
Monthly Market Detail - June 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
June 2014 49 -2.0%
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%
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 J
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
June 2014 43.0% 15.2%
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%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Pending Sales
New Listings
Monthly Market Detail - June 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
June 2014
May 2014
April 2014
March 2014
143
February 2014 161
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
New Pending Sales
147
158
123
139
108
108
143
146
157
154
153
Percent Change
Year-over-Year
-3.9%
-10.2%
-29.7%
-6.5%
4.5%
-10.3%
-4.4%
-12.2%
7.5%
39.0%
27.6%
29.4%
16.8%
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 J
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
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
New Listings
203
194
206
209
163
222
134
142
184
168
194
193
165
Percent Change
Year-over-Year
23.0%
-3.0%
8.4%
18.1%
-10.4%
14.4%
3.1%
-4.7%
17.9%
27.3%
-1.0%
2.7%
-12.7%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Median Sale Price
Average Sale
Price
Monthly Market Detail - June 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
June 2014 $181,000 0.9%
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%
$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 J
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
June 2014 $215,274 3.7%
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%
$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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Median Days on
Market
Avg. Pct. of Orig.
List Price
Received
Monthly Market Detail - June 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
June 2014 65 -7.1%
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%
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 J
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
June 2014 93.4% 1.5%
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%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Inventory
Months Supply of
Inventory
Monthly Market Detail - June 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
June 2014 1,019 12.2%
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%
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 J
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
June 2014 8.0 2.1%
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%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Closed Sales
Median Days
on Market
Monthly Market Detail - June 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.
30
25
20
15
10
5
0
Less than
$50,000
June 2013 June 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 2 0.0%
$50,000 - $99,999 17 -19.0%
$100,000 - $149,999 27 3.8%
$150,000 - $199,999 16 -40.7%
$200,000 - $249,999 11 -54.2%
$250,000 - $299,999 18 38.5%
$300,000 - $399,999 15 7.1%
$400,000 - $599,999 7 75.0%
$600,000 - $999,999 0 -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
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.
700
600
500
400
300
200
100
0
Less than
$50,000
June 2013 June 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Sale Price
$50,000 - $99,999 111 8.8%
$100,000 - $149,999
Median Days on
Market
Percent Change
Year-over-Year
Less than $50,000 135 400.0%
71 4.4%
$150,000 - $199,999 60 -52.4%
$200,000 - $249,999 81 44.6%
$250,000 - $299,999
64 255.6%
$300,000 - $399,999 118 63.9%
$400,000 - $599,999 24 -17.2%
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more 21 -96.5%
$300,000 -
$399,999
$400,000 -
$599,999
$600,000 -
$999,999
$1,000,000 or
more
700
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

New Listings
Inventory
Monthly Market Detail - June 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
June 2013 June 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 5 66.7%
$50,000 - $99,999 23 -4.2%
$100,000 - $149,999 33 0.0%
$150,000 - $199,999 40 42.9%
$200,000 - $249,999 26 4.0%
$250,000 - $299,999 23 -8.0%
$300,000 - $399,999 30 66.7%
$400,000 - $599,999 19 137.5%
$600,000 - $999,999 3 200.0%
$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
June 2013 June 2014
Current Listing Price
Inventory
Percent Change
Year-over-Year
Less than $50,000 16 60.0%
$50,000 - $99,999 102 -11.3%
$100,000 - $149,999 158 6.0%
$150,000 - $199,999 180 12.5%
$200,000 - $249,999 129 18.3%
$250,000 - $299,999 122 16.2%
$300,000 - $399,999 189 37.0%
$400,000 - $599,999 94 3.3%
$600,000 - $999,999 26 -7.1%
$1,000,000 or more 3 0.0%
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Closed Sales
Median Sale Price
Monthly Distressed Market - June 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.
June 2014 June 2013
Percent Change
Year-over-Year
Traditional
Closed Sales
Median Sale Price
99 119 -16.8%
$182,500 $185,000 -1.4%
Foreclosure/REO
Closed Sales
Median Sale Price
13 10 30.0%
$95,000 $98,000 -3.1%
Short Sale
Closed Sales
Median Sale Price
2 5 -60.0%
$181,000 $226,000 -19.9%
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 J
$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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Closed Sales
Monthly Market Detail - June 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
June 2014
June 2013
Percent Change
Year-over-Year
Closed Sales
Paid in Cash
21 17 23.5%
13 11 18.2%
New Pending Sales
26
27 -3.7%
New Listings
Median Sale Price
29 31 -6.5%
$60,000 $52,000 15.4%
Average Sale Price
$71,695
$63,582 12.8%
Median Days on Market
88 83 6.0%
Average Percent of Original List
Price Received
84.1%
83.2%
1.1%
Pending Inventory
Inventory (Active Listings)
32
202
30 6.7%
214 -5.6%
Months Supply of Inventory 11.6
14.6 -20.5%
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
June 2014
21
23.5%
May 2014 29 26.1%
April 2014 14
40.0%
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
21
14
11
20
16
15
200.0%
16.7%
-26.7%
11.1%
45.5%
-16.7%
September 2013 15
7.1%
August 2013
July 2013
12
21
-20.0%
31.3%
June 2013 17
-22.7%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Cash Sales
Pct. of Closed
Sales Paid in Cash
Monthly Market Detail - June 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
June 2014 13 18.2%
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%
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 J
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
June 2014 61.9% -4.3%
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%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Pending Sales
New Listings
Monthly Market Detail - June 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
June 2014
May 2014
April 2014
March 2014
18
February 2014 22
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
New Pending Sales
26
29
26
22
18
16
25
17
14
17
27
Percent Change
Year-over-Year
-3.7%
52.6%
8.3%
12.5%
37.5%
0.0%
38.5%
-5.9%
56.3%
-5.6%
7.7%
-5.6%
42.1%
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 J
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
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
New Listings
29
36
32
35
38
39
32
37
34
32
35
34
31
Percent Change
Year-over-Year
-6.5%
16.1%
-25.6%
-16.7%
31.0%
14.7%
52.4%
19.4%
-10.5%
45.5%
29.6%
0.0%
-16.2%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Median Sale Price
Average Sale
Price
Monthly Market Detail - June 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
June 2014 $60,000 15.4%
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%
$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 J
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
June 2014 $71,695 12.8%
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%
$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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Median Days on
Market
Avg. Pct. of Orig.
List Price
Received
Monthly Market Detail - June 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
June 2014 88 6.0%
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%
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 J
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
June 2014 84.1% 1.1%
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%
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Inventory
Months Supply of
Inventory
Monthly Market Detail - June 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
June 2014 202 -5.6%
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%
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 J
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
June 2014 11.6 -20.5%
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%
35.0
30.0
25.0
20.0
15.0
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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Closed Sales
Median Days
on Market
Monthly Market Detail - June 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.
9
8
7
6
5
4
3
2
1
0
Less than
$50,000
June 2013 June 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 8 0.0%
$50,000 - $99,999 8 100.0%
$100,000 - $149,999 4 -20.0%
$150,000 - $199,999 1 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
9
8
7
6
5
4
3
2
1
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.
400
350
300
250
200
150
100
50
0
Less than
$50,000
June 2013 June 2014
$50,000 -
$99,999
$100,000 -
$149,999
$150,000 -
$199,999
$200,000 -
$249,999
$250,000 -
$299,999
Sale Price
$50,000 - $99,999 137 20.2%
$100,000 - $149,999
Median Days on
Market
Percent Change
Year-over-Year
Less than $50,000 85 13.3%
290 -22.9%
$150,000 - $199,999 1 N/A
$200,000 - $249,999 (No Sales) N/A
$250,000 - $299,999
(No Sales)
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
400
350
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

New Listings
Inventory
Monthly Market Detail - June 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.
16
14
12
10
8
6
4
2
0
Less than
$50,000
June 2013 June 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 6 -14.3%
$50,000 - $99,999 15 0.0%
$100,000 - $149,999 6 -14.3%
$150,000 - $199,999 1 -50.0%
$200,000 - $249,999 0 N/A
$250,000 - $299,999 1 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
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.
120
100
80
60
40
20
0
Less than
$50,000
June 2013 June 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 32 -3.0%
$50,000 - $99,999 106 -3.6%
$100,000 - $149,999 46 -9.8%
$150,000 - $199,999 13 8.3%
$200,000 - $249,999 3 0.0%
$250,000 - $299,999 2 -33.3%
$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
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.

Closed Sales
Median Sale Price
Monthly Distressed Market - June 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.
June 2014 June 2013
Percent Change
Year-over-Year
Traditional
Closed Sales
Median Sale Price
19 12 58.3%
$65,000 $66,450 -2.2%
Foreclosure/REO
Closed Sales
Median Sale Price
2 5 -60.0%
$35,000 $27,000 29.6%
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 J
$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 J
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 Tuesday, July 22, 2014. Next data release is Thursday, August 21, 2014.