This report describes member activity for the association and is not confined to any specific geographic area. 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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016. November 2015 91 33.8% -25.5% -9.9% October 2015 70 September 2015 82 13.3% 13.1% 11.3% 22.2% 3.8% 83.9% March 2015 135 February 2015 79 42.1% 17.9% -4.2% 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. August 2015 94 July 2015 121 June 2015 108 January 2015 69 December 2014 114 May 2015 128 April 2015 99 $228,045 29.1% 105 110 -4.5% 65 21.5% $212,500 $181,000 17.4% 103 103 0.0% December 2014 Percent Change Year-over-Year 43 50 -14.0% 118 114 3.5% Summary Statistics Closed Sales Paid in Cash $294,360 December 2015 79 New Pending Sales New Listings Median Sale Price December 2015 Average Sale Price Median Days on Market 90.5% 127 Average Percent of Original List Price Received Pending Inventory Inventory (Active Listings) Month 638 Months Supply of Inventory 6.4 0.0% 132 -3.8% Percent Change Year-over-Year 3.5% 681 -6.3% Closed Sales 118 90.5% 7.5 -14.4% 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 J A S O N D Monthly Market Detail - December 2015 New Smyrna Beach Board of REALTORS® Single Family Homes 0 50 100 150 Closed Sales 2011 2012 2013 2014 2015 Closed Sales The number of sales transactions which closed during the month
Transcript
This report describes member activity for the association and is not confined to any specific geographic area.
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
November 2015 91 33.8%
-25.5%
-9.9%
October 2015 70
September 2015 82
13.3%
13.1%
11.3%
22.2%
3.8%
83.9%
March 2015 135
February 2015 79
42.1%
17.9%
-4.2%
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.
August 2015 94
July 2015 121
June 2015 108
January 2015 69
December 2014 114
May 2015 128
April 2015 99
$228,045 29.1%
105 110 -4.5%
65 21.5%
$212,500 $181,000 17.4%
103 103 0.0%
December 2014Percent Change
Year-over-Year
43 50 -14.0%
118 114 3.5%
Summary Statistics
Closed Sales
Paid in Cash
$294,360
December 2015
79New Pending Sales
New Listings
Median Sale Price
December 2015
Average Sale Price
Median Days on Market
90.5%
127
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
638
Months Supply of Inventory 6.4
0.0%
132 -3.8%
Percent Change
Year-over-Year
3.5%
681 -6.3%
Closed Sales
118
90.5%
7.5 -14.4%
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 J A S O N D
Monthly Market Detail - December 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
0
50
100
150
Clo
sed
Sal
es
2011 2012 2013 2014 2015
Closed Sales The number of sales transactions which closed during the month
This report describes member activity for the association and is not confined to any specific geographic area.
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
January 2015 46.4% 1.2%
December 2014 43.9% 0.7%
March 2015 46.7% 0.8%
February 2015 45.6% -15.2%
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.
August 2015 41.5% 18.7%
July 2015 39.7% -18.4%
June 2015 43.5% 10.4%
May 2015 43.0% -19.0%
April 2015 44.4% -10.0%
October 2015 38.6% -9.4%
September 2015 41.5% -3.3%
December 2015 36.4% -16.9%
November 2015 48.4% 31.5%
December 2014 50 85.2%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
February 2015 36 0.0%
January 2015 32 -3.0%
April 2015 44 10.0%
March 2015 63 43.2%
September 2015 34 -12.8%
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.
August 2015 39 34.5%
July 2015 48 -7.7%
June 2015 47 14.6%
May 2015 55 -9.8%
November 2015 44 76.0%
October 2015 27 -32.5%
Month Cash SalesPercent Change
Year-over-Year
December 2015 43 -14.0%
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 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 J A S O N D J F M A M J J A S O N D
21%
31%
41%
51%
61%
71%
81%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
20
40
60
80
Cas
h S
ale
s Monthly Market Detail - December 2015
2011 2012 2013 2014 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash
2011 2012 2013 2014 2015
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
This report describes member activity for the association and is not confined to any specific geographic area.
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
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.
February 2015
January 2015
December 2014
July 2015
June 2015
May 2015
April 2015
March 2015
April 2015
May 2015
June 2015
July 2015
August 2015
December 2015
November 2015
October 2015
September 2015
August 2015 91
105
121
112
126
85
Percent Change
Year-over-YearNew Pending Sales
79
107
114
-13.3%
1.9%
14.2%
-3.4%
20.0%
0.0%153
138
123
104
65
23.2%
41.4%
-6.7%152
5.5%135
13.2%163
16.2%158
15.5%171February 2015
15.8%161March 2015
3.0%103December 2014
-20.7%157January 2015
10.1%142September 2015
-1.3%156October 2015
Month
MonthPercent Change
Year-over-YearNew Listings
16.7%140November 2015
0.0%103December 2015
13.0%
-25.3%
21.5%
5.9%
25.3%
-10.5%
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 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 J A S O N D J F M A M J J A S O N D
0
50
100
150
200
250
Ne
w L
isti
ngs
0
50
100
150
200
250
Pe
nd
ing
Sale
s Monthly Market Detail - December 2015
2011 2012 2013 2014 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month
2011 2012 2013 2014 2015
New Listings The number of properties put onto the market during the month
This report describes member activity for the association and is not confined to any specific geographic area.
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
January 2015 $263,683 19.5%
December 2014 $228,045 4.1%
March 2015 $228,260 -15.1%
February 2015 $219,938 11.4%
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.
August 2015 $229,930 -6.9%
July 2015 $255,753 11.1%
June 2015 $221,936 15.8%
May 2015 $260,235 -0.8%
April 2015 $297,917 27.8%
October 2015 $255,294 17.2%
September 2015 $262,610 29.3%
November 2015 $278,858 -1.1%
January 2015 $173,500 9.1%
December 2014 $181,000 7.7%
Average Sale PricePercent Change
Year-over-Year
December 2015 $294,360 29.1%
Month
March 2015 $175,750 -2.4%
February 2015 $173,500 5.2%
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.
August 2015 $180,500 0.8%
July 2015 $206,000 12.6%
June 2015 $179,900 10.4%
May 2015 $180,000 -10.9%
April 2015 $200,000 16.1%
October 2015 $180,000 10.8%
September 2015 $187,450 20.9%
November 2015 $180,000 0.0%
Median Sale PricePercent Change
Year-over-Year
December 2015 $212,500 17.4%
Month
$130K
$180K
$230K
$280K
$330K
Ave
rage
Sal
e
Pri
ce
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 J A S O N D
$100K
$120K
$140K
$160K
$180K
$200K
$220K
Me
dia
n S
ale
Pri
ce
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 J A S O N D
Monthly Market Detail - December 2015
2011 2012 2013 2014 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014 2015
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
This report describes member activity for the association and is not confined to any specific geographic area.
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
January 2015 88.5% -0.6%
December 2014 90.5% 0.4%
March 2015 90.3% 0.1%
February 2015 91.0% -2.0%
Economists' note : The Average Percent of Original List Price Received
is an indicator of market conditions, in that in a recovering market, the
measure rises as buyers realize that the market may be moving away
from them and they need to match the selling price (or better it) in
order to get a contract on the house. This is usually the last measure to
indicate a market that has shifted from down to up, and is another
lagging indicator.
August 2015 92.3% 1.0%
July 2015 91.6% 1.0%
June 2015 92.4% 1.5%
May 2015 92.3% 1.0%
April 2015 91.0% 1.2%
October 2015 93.5% 3.7%
September 2015 92.1% 2.2%
November 2015 91.0% 3.4%
January 2015 133 31.7%
December 2014 110 -10.6%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
December 2015 90.5% 0.0%
Month
March 2015 103 -15.6%
February 2015 107 15.1%
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.
August 2015 97 -21.8%
July 2015 113 4.6%
June 2015 92 -4.2%
May 2015 97 -2.0%
April 2015 93 -15.5%
October 2015 80 -14.9%
September 2015 90 -17.4%
November 2015 95 -20.8%
Median Days on
Market
Percent Change
Year-over-Year
December 2015 105 -4.5%
Month
75%
80%
85%
90%
95%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
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 J A S O N D J F M A M J J A S O N D
0
50
100
150
200
250
Me
dia
n D
ays
on
M
arke
t
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 J A S O N D
Monthly Market Detail - December 2015
2011 2012 2013 2014 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
Median Days on Market The median number of days that properties sold during the month were on the market
2011 2012 2013 2014 2015
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
This report describes member activity for the association and is not confined to any specific geographic area.
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
January 2015 7.7 -11.8%
December 2014 7.5 -5.6%
March 2015 6.9 -18.2%
February 2015 7.5 -16.4%
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.
August 2015 6.3 -25.0%
July 2015 6.1 -27.7%
June 2015 6.1 -30.0%
May 2015 6.7 -26.4%
April 2015 6.7 -24.0%
October 2015 6.6 -19.6%
September 2015 6.3 -21.2%
November 2015 6.4 -18.2%
January 2015 701 -4.0%
December 2014 681 3.7%
Months SupplyPercent Change
Year-over-Year
December 2015 6.4 -14.4%
Month
March 2015 660 -7.7%
February 2015 691 -7.9%
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 month, and hold this number to compare with the same
month the following year.
August 2015 630 -11.4%
July 2015 606 -15.8%
June 2015 594 -17.7%
May 2015 653 -12.5%
April 2015 647 -10.5%
October 2015 646 -8.6%
September 2015 628 -7.0%
November 2015 639 -6.3%
InventoryPercent Change
Year-over-Year
December 2015 638 -6.3%
Month
400
600
800
1,000
1,200
Inve
nto
ry
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 J A S O N D
Monthly Market Detail - December 2015
2011 2012 2013 2014 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
Inventory (Active Listings) The number of property listings active at the end of the month
5.0
10.0
15.0
20.0
25.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2011 2012 2013 2014 2015
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
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 J A S O N D
This report describes member activity for the association and is not confined to any specific geographic area.
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
$100,000 - $149,999 22 -31.3%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 2 -33.3%
$50,000 - $99,999 11 -8.3%
$150,000 - $199,999 21 16.7%
$200,000 - $249,999 16 14.3%
$50,000 - $99,999 90 -11.8%
$100,000 - $149,999
$400,000 - $599,999 9 12.5%
$600,000 - $999,999 5 0.0%
69 -44.4%
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.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 196 716.7%
$1,000,000 or more 4 N/A
$250,000 - $299,999 13 8.3%
$300,000 - $399,999 15 50.0%
Economists' note: Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 109 10.1%
$200,000 - $249,999 115 -23.3%
$250,000 - $299,999
$400,000 - $599,999 130 -53.1%
103 -14.2%
$300,000 - $399,999 98 38.0%
$600,000 - $999,999 161 151.6%
$1,000,000 or more 398 N/A
0 50
100 150 200 250 300 350 400 450
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
December 2014 December 2015
0
5
10
15
20
25
30
35
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
December 2014 December 2015
0 50 100 150 200 250 300 350 400 450
0
5
10
15
20
25
30
35
Monthly Market Detail - December 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
Closed Sales by Sale Price The number of sales transactions which closed during the month
Median Days on Market by Sale Price The median number of days that properties sold during the month were on the market
This report describes member activity for the association and is not confined to any specific geographic area.
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 7 -30.0%
$100,000 - $149,999 25 66.7%
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 21 23.5%
$200,000 - $249,999 14 0.0%
$250,000 - $299,999 12 -25.0%
$300,000 - $399,999 13 -13.3%
$400,000 - $599,999 5 -54.5%
$600,000 - $999,999 3 200.0%
$1,000,000 or more 3 -25.0%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 2 -66.7%
$50,000 - $99,999 28 -45.1%
$100,000 - $149,999 87 -8.4%
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.
$150,000 - $199,999 94 8.0%
$200,000 - $249,999 75 -11.8%
$250,000 - $299,999 74 -2.6%
$300,000 - $399,999 104 1.0%
$400,000 - $599,999 75 -10.7%
$600,000 - $999,999 54 22.7%
$1,000,000 or more 45 -10.0%
0
20
40
60
80
100
120
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
December 2014 December 2015
0
5
10
15
20
25
30
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
December 2014 December 2015
0
20
40
60
80
100
120
0
5
10
15
20
25
30
Monthly Market Detail - December 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
New Listings by Initial Listing Price The number of properties put onto the market during the month
Inventory by Current Listing Price The number of property listings active at the end of the month
This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
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 Friday, January 22, 2016. Next data release is Tuesday,February 23, 2016.
December 2015 December 2014Percent Change
Year-over-Year
Traditional
110 99 11.1%
$217,950 $181,000 20.4%
Foreclosure/REO
7 10 -30.0%
$78,500 $109,900 -28.6%
Short Sale
1 5 -80.0%
$104,750 $192,500 -45.6%
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
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
2011 2012 2013 2014 2015
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 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 J A S O N D J F M A M J J A S O N D
Monthly Distressed Market - December 2015
New Smyrna Beach Board of REALTORS® Single Family Homes
