Post on 13-Jul-2020
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Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
Q3 2014 917 10.2%
7.7%
19.4%
Q2 2014 906
Q1 2014 640
10.6%
29.0%
14.5%
37.4%
27.6%
-10.6%
Q3 2012 645
Q2 2012 659
3.5%
7.9%
-4.3%
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
quarter-to-quarter comparisons of Closed Sales because of potential
seasonal effects.
Q4 2013 690
Q3 2013 832
Q2 2013 841
Q1 2012 468
Q4 2011 454
Q1 2013 536
Q4 2012 624
$193,687 -0.4%
76 72 5.6%
532 23.3%
$170,000 $166,000 2.4%
1,013 1,001 1.2%
Q4 2013Percent Change
Year-over-Year
218 188 16.0%
824 690 19.4%
Summary Statistics
Closed Sales
Paid in Cash
$192,827
Q4 2014
656New Pending Sales
New Listings
Median Sale Price
Q4 2014
Average Sale Price
Median Days on Market
91.3%
149
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Quarter
1,823
Months Supply of Inventory 6.7
0.3%
130 14.6%
Percent Change
Year-over-Year
19.4%
1,879 -3.0%
Closed Sales
824
91.0%
7.8 -14.4%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Quarterly Market Detail - Q4 2014
Tallahassee MSA Single Family Homes
300
500
700
900
1,100
Clo
sed
Sal
es
2010 2011 2012 2013 2014
Closed Sales The number of sales transactions which closed during the quarter
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
Q1 2012 27.1% 4.5%
Q4 2011 25.6% 21.3%
Q3 2012 24.7% 21.9%
Q2 2012 23.5% 5.7%
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.
Q4 2013 27.2% -14.6%
Q3 2013 23.4% -4.9%
Q2 2013 24.5% 4.1%
Q1 2013 24.6% -9.2%
Q4 2012 31.9% 24.8%
Q2 2014 27.7% 13.1%
Q1 2014 30.2% 22.5%
Q4 2014 26.5% -2.9%
Q3 2014 27.5% 17.3%
Q4 2011 116 8.4%
QuarterPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
Q2 2012 155 14.0%
Q1 2012 127 0.0%
Q4 2012 199 71.6%
Q3 2012 159 26.2%
Q1 2014 193 46.2%
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.
Q4 2013 188 -5.5%
Q3 2013 195 22.6%
Q2 2013 206 32.9%
Q1 2013 132 3.9%
Q3 2014 252 29.2%
Q2 2014 251 21.8%
Quarter Cash SalesPercent Change
Year-over-Year
Q4 2014 218 16.0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
5%
10%
15%
20%
25%
30%
35%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
50
100
150
200
250
300
Cas
h S
ale
s Quarterly Market Detail - Q4 2014
2010 2011 2012 2013 2014
Tallahassee MSA Single Family Homes
Cash Sales The number of Closed Sales during the quarter in which buyers exclusively paid in cash
2010 2011 2012 2013 2014
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the quarter which were Cash Sales
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
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.
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.
Q2 2012
Q1 2012
Q4 2011
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q4 2012
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013 532
616
661
504
484
559
Percent Change
Year-over-YearNew Pending Sales
656
687
799
9.9%
-1.9%
-4.1%
-5.6%
12.3%
3.0%800
628
689
534
431
16.7%
2.4%
4.1%1,177
7.8%1,345
23.8%1,233
25.1%1,001
-0.3%1,248Q2 2012
1.3%996Q3 2012
-15.4%777Q4 2011
-9.5%1,131Q1 2012
14.2%1,344Q1 2014
15.3%1,551Q2 2014
Quarter
QuarterPercent Change
Year-over-YearNew Listings
6.9%1,318Q3 2014
1.2%1,013Q4 2014
5.3%
-15.7%
23.3%
11.5%
20.9%
10.9%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
600
800
1,000
1,200
1,400
1,600
1,800
Ne
w L
isti
ngs
300
400
500
600
700
800
900
Pe
nd
ing
Sale
s Quarterly Market Detail - Q4 2014
2010 2011 2012 2013 2014
Tallahassee MSA Single Family Homes
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the quarter
2010 2011 2012 2013 2014
New Listings The number of properties put onto the market during the quarter
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
Q1 2012 $191,570 7.5%
Q4 2011 $184,257 -2.1%
Q3 2012 $183,593 -5.0%
Q2 2012 $186,176 -5.1%
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.
Q4 2013 $193,687 0.7%
Q3 2013 $198,202 8.0%
Q2 2013 $200,274 7.6%
Q1 2013 $185,690 -3.1%
Q4 2012 $192,294 4.4%
Q2 2014 $189,595 -5.3%
Q1 2014 $183,234 -1.3%
Q3 2014 $201,949 1.9%
Q1 2012 $168,500 6.8%
Q4 2011 $157,000 -4.8%
Average Sale PricePercent Change
Year-over-Year
Q4 2014 $192,827 -0.4%
Quarter
Q3 2012 $162,850 -1.3%
Q2 2012 $160,000 -5.8%
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.
Q4 2013 $166,000 0.6%
Q3 2013 $177,250 8.8%
Q2 2013 $164,950 3.1%
Q1 2013 $167,350 -0.7%
Q4 2012 $165,000 5.1%
Q2 2014 $165,000 0.0%
Q1 2014 $160,000 -4.4%
Q3 2014 $175,000 -1.3%
Median Sale PricePercent Change
Year-over-Year
Q4 2014 $170,000 2.4%
Quarter
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
$160K
$170K
$180K
$190K
$200K
$210K
Ave
rage
Sal
e
Pri
ce
$140K
$150K
$160K
$170K
$180K
$190K
Me
dia
n S
ale
Pri
ce
Quarterly Market Detail - Q4 2014
2010 2011 2012 2013 2014
Tallahassee MSA Single Family Homes
Median Sale Price The median sale price reported for the quarter (i.e. 50% of sales were above and 50% of sales were below)
2010 2011 2012 2013 2014
Average Sale Price The average sale price reported for the quarter (i.e. total sales in dollars divided by the number of sales)
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
Q1 2012 89.4% 2.2%
Q4 2011 87.6% -1.6%
Q3 2012 90.6% 1.6%
Q2 2012 90.2% 1.8%
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.
Q4 2013 91.0% 1.2%
Q3 2013 92.9% 2.5%
Q2 2013 92.8% 2.9%
Q1 2013 90.7% 1.5%
Q4 2012 89.9% 2.6%
Q2 2014 93.0% 0.2%
Q1 2014 91.8% 1.2%
Q3 2014 92.5% -0.4%
Q1 2012 115 -8.7%
Q4 2011 124 22.8%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
Q4 2014 91.3% 0.3%
Quarter
Q3 2012 95 1.1%
Q2 2012 84 -25.0%
Economists' note : Median Days on Market is the amount of time the
"middle" property selling thisquarter was on the market. That is, 50%
of homes selling this quarter took less time to sell, and 50% of homes
took more time to sell. 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.
Q4 2013 72 -25.0%
Q3 2013 57 -40.0%
Q2 2013 62 -26.2%
Q1 2013 96 -16.5%
Q4 2012 96 -22.6%
Q2 2014 62 0.0%
Q1 2014 77 -19.8%
Q3 2014 75 31.6%
Median Days on
Market
Percent Change
Year-over-Year
Q4 2014 76 5.6%
Quarter
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
75%
80%
85%
90%
95%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
d
0
50
100
150
Me
dia
n D
ays
on
M
arke
t Quarterly Market Detail - Q4 2014
2010 2011 2012 2013 2014
Tallahassee MSA Single Family Homes
Median Days on Market The median number of days that properties sold during the quarter were on the market
2010 2011 2012 2013 2014
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 quarter
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
Q1 2012 12.1 -12.7%
Q4 2011 11.5 -16.9%
Q3 2012 10.9 -13.1%
Q2 2012 12.1 -18.2%
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.
Q4 2013 7.8 -15.0%
Q3 2013 8.6 -21.2%
Q2 2013 9.4 -22.7%
Q1 2013 9.5 -21.5%
Q4 2012 9.2 -20.3%
Q2 2014 8.6 -7.7%
Q1 2014 8.3 -12.8%
Q3 2014 7.9 -8.5%
Q1 2012 2,173 -17.0%
Q4 2011 2,084 -17.4%
Months SupplyPercent Change
Year-over-Year
Q4 2014 6.7 -14.4%
Quarter
Q3 2012 2,025 -13.3%
Q2 2012 2,226 -13.9%
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 quarter, and hold this number to compare with the same
quarter the following year.
Q4 2013 1,879 2.8%
Q3 2013 2,031 0.3%
Q2 2013 2,065 -7.2%
Q1 2013 1,950 -10.3%
Q4 2012 1,827 -12.3%
Q2 2014 2,209 7.0%
Q1 2014 2,072 6.3%
Q3 2014 2,069 1.9%
InventoryPercent Change
Year-over-Year
Q4 2014 1,823 -3.0%
Quarter
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1,700
2,200
2,700
3,200
Inve
nto
ry
Quarterly Market Detail - Q4 2014
2010 2011 2012 2013 2014
Tallahassee MSA Single Family Homes
Inventory (Active Listings) The number of property listings active at the end of the quarter
5.0
7.0
9.0
11.0
13.0
15.0
17.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2010 2011 2012 2013 2014
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
$100,000 - $149,999 156 23.8%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 63 0.0%
$50,000 - $99,999 121 23.5%
$150,000 - $199,999 161 23.8%
$200,000 - $249,999 107 2.9%
$50,000 - $99,999 99 30.3%
$100,000 - $149,999
$400,000 - $599,999 39 30.0%
$600,000 - $999,999 12 33.3%
73 -8.8%
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
quarter-to-quarter comparisons of Closed Sales because of potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 91 16.7%
$1,000,000 or more 0 -100.0%
$250,000 - $299,999 96 68.4%
$300,000 - $399,999 69 -1.4%
Economists' note: Median Days on Market is the amount of time the
"middle" property selling this quarter was on the market. That is, 50%
of homes selling this quarter took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 74 7.2%
$200,000 - $249,999 78 13.0%
$250,000 - $299,999
$400,000 - $599,999 84 13.5%
62 -6.1%
$300,000 - $399,999 62 -12.7%
$600,000 - $999,999 53 39.5%
$1,000,000 or more (No Sales) N/A
0
20
40
60
80
100
120
140
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
Me
dia
n D
ays
on
Mar
ket
Q4 2013 Q4 2014
0
20
40
60
80
100
120
140
0 20 40 60 80
100 120 140 160 180
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
Clo
sed
Sal
es
Q4 2013 Q4 2014
0 20 40 60 80 100 120 140 160 180
Quarterly Market Detail - Q4 2014
Tallahassee MSA Single Family Homes
Closed Sales by Sale Price The number of sales transactions which closed during the quarter
Median Days on Market by Sale Price The median number of days that properties sold during the quarter were on the market
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 67 3.1%
$50,000 - $99,999 142 0.0%
$100,000 - $149,999 176 1.7%
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.
$150,000 - $199,999 224 11.4%
$200,000 - $249,999 121 -13.6%
$250,000 - $299,999 97 -11.8%
$300,000 - $399,999 103 14.4%
$400,000 - $599,999 55 3.8%
$600,000 - $999,999 24 4.3%
$1,000,000 or more 4 0.0%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 108 -4.4%
$50,000 - $99,999 277 -15.0%
$100,000 - $149,999 311 -8.5%
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 quarter, and hold this number to compare with the same
quarter the following year.
$150,000 - $199,999 358 8.8%
$200,000 - $249,999 195 -10.6%
$250,000 - $299,999 167 -4.6%
$300,000 - $399,999 185 4.5%
$400,000 - $599,999 135 12.5%
$600,000 - $999,999 68 23.6%
$1,000,000 or more 19 -26.9%
0 50
100 150 200 250 300 350 400
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Inve
nto
ry
Q4 2013 Q4 2014
0 50 100 150 200 250 300 350 400
0
50
100
150
200
250
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
Ne
w L
isti
ngs
Q4 2013 Q4 2014
0
50
100
150
200
250
Quarterly Market Detail - Q4 2014
Tallahassee MSA Single Family Homes
New Listings by Initial Listing Price The number of properties put onto the market during the quarter
Inventory by Current Listing Price The number of property listings active at the end of the quarter
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Q3
Q4
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 11, 2015. Next quarterly data release is Monday, May 11, 2015.
Q4 2014 Q4 2013Percent Change
Year-over-Year
Traditional
565 468 20.7%
$204,000 $205,000 -0.5%
Foreclosure/REO
228 175 30.3%
$87,600 $91,500 -4.3%
Short Sale
31 47 -34.0%
$164,600 $111,000 48.3%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
2010 2011 2012 2013 2014
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Quarterly Distressed Market - Q4 2014
Tallahassee MSA Single Family Homes
2010 2011 2012 2013 2014