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, December 22, 2015. Next data release is Friday, January 22, 2016. 7.8% 14 21.4% Percent Change Year-over-Year -33.3% 213 -1.9% Closed Sales 16 86.0% 10.9 -7.0% November 2015 Average Sale Price Median Days on Market 92.7% 17 Average Percent of Original List Price Received Pending Inventory Inventory (Active Listings) Month 209 Months Supply of Inventory 10.1 Summary Statistics Closed Sales Paid in Cash $103,269 November 2015 18 New Pending Sales New Listings Median Sale Price November 2014 Percent Change Year-over-Year 9 7 28.6% 16 24 -33.3% 12 50.0% $66,800 $88,602 -24.6% 28 24 16.7% $96,975 6.5% 45 95 -52.6% 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. July 2015 34 June 2015 21 May 2015 19 December 2014 18 November 2014 24 April 2015 24 March 2015 23 20.0% February 2015 18 January 2015 17 20.0% 21.4% 20.0% 47.8% -12.5% 4.3% 4.5% 0.0% October 2015 17 -10.5% 5.0% 17.6% September 2015 21 August 2015 20 J F M A M 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 Monthly Market Detail - November 2015 Gadsden County Single Family Homes 0 10 20 30 40 Closed Sales 2011 2012 2013 2014 2015 Closed Sales The number of sales transactions which closed during the month
Transcript
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, December 22, 2015. Next data release is Friday, January 22, 2016.
7.8%
14 21.4%
Percent Change
Year-over-Year
-33.3%
213 -1.9%
Closed Sales
16
86.0%
10.9 -7.0%
November 2015
Average Sale Price
Median Days on Market
92.7%
17
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
209
Months Supply of Inventory 10.1
Summary Statistics
Closed Sales
Paid in Cash
$103,269
November 2015
18New Pending Sales
New Listings
Median Sale Price
November 2014Percent Change
Year-over-Year
9 7 28.6%
16 24 -33.3%
12 50.0%
$66,800 $88,602 -24.6%
28 24 16.7%
$96,975 6.5%
45 95 -52.6%
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.
July 2015 34
June 2015 21
May 2015 19
December 2014 18
November 2014 24
April 2015 24
March 2015 23
20.0%
February 2015 18
January 2015 17
20.0%
21.4%
20.0%
47.8%
-12.5%
4.3%
4.5%
0.0%
October 2015 17 -10.5%
5.0%
17.6%
September 2015 21
August 2015 20
J F M A M 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
Monthly Market Detail - November 2015
Gadsden County Single Family Homes
0
10
20
30
40
Clo
sed
Sal
es
2011 2012 2013 2014 2015
Closed Sales The number of sales transactions which closed during the month
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, December 22, 2015. Next data release is Friday, January 22, 2016.
Month Cash SalesPercent Change
Year-over-Year
November 2015 9 28.6%
October 2015 9 -10.0%
September 2015 6 -40.0%
August 2015 10 66.7%
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.
July 2015 15 36.4%
June 2015 8 -20.0%
May 2015 7 -12.5%
April 2015 6 -33.3%
March 2015 5 -44.4%
February 2015 5 -16.7%
January 2015 5 -28.6%
December 2014 6 20.0%
November 2014 7 -30.0%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
November 2015 56.3% 92.9%
October 2015 52.9% 0.6%
September 2015 28.6% -42.9%
August 2015 50.0% 41.7%
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.
July 2015 44.1% -7.8%
June 2015 38.1% -8.6%
May 2015 36.8% -12.5%
April 2015 25.0% -36.1%
March 2015 21.7% -46.9%
February 2015 27.8% -30.6%
January 2015 29.4% -41.2%
December 2014 33.3% 0.0%
November 2014 29.2% -41.7%
0%
20%
40%
60%
80%
Pct
. of
Clo
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J F M A M 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
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Monthly Market Detail - November 2015
2011 2012 2013 2014 2015
Gadsden County 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
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, December 22, 2015. Next data release is Friday, January 22, 2016.
Month
MonthPercent Change
Year-over-YearNew Listings
37.9%40October 2015
16.7%28November 2015
133.3%
-20.0%
50.0%
-17.4%
-20.0%
-31.6%
-37.1%22August 2015
0.0%34September 2015
9.1%24November 2014
20.0%30December 2014
-30.2%30January 2015
-21.1%30February 2015
13.9%41
20
12
21
12
5.3%
-25.0%
0.0%39
-30.4%32
-23.1%30
-5.3%36
9.1%
-14.3%
-33.3%
-6.3%
46.7%
13
Percent Change
Year-over-YearNew Pending Sales
18
19
12
24
12
16
15
22
November 2015
October 2015
September 2015
August 2015
July 2015Economists' 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.
January 2015
December 2014
November 2014
June 2015
May 2015
April 2015
March 2015
February 2015
March 2015
April 2015
May 2015
June 2015
July 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
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30
Pe
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Sale
s Monthly Market Detail - November 2015
2011 2012 2013 2014 2015
Gadsden County 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
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, December 22, 2015. Next data release is Friday, January 22, 2016.
October 2015 $131,900 82.9%
Median Sale PricePercent Change
Year-over-Year
November 2015 $66,800 -24.6%
Month
September 2015 $132,999 13.7%
August 2015 $112,000 -6.7%
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.
July 2015 $85,950 8.1%
June 2015 $120,000 29.3%
May 2015 $126,500 14.0%
April 2015 $125,000 8.7%
March 2015 $144,900 7.3%
February 2015 $78,500 -25.2%
January 2015 $84,900 -20.7%
October 2015 $132,259 19.5%
December 2014 $146,750 42.5%
November 2014 $88,602 10.2%
Average Sale PricePercent Change
Year-over-Year
November 2015 $103,269 6.5%
Month
September 2015 $159,539 25.3%
August 2015 $125,449 3.5%
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.
July 2015 $104,121 9.8%
June 2015 $127,055 8.6%
May 2015 $138,517 34.7%
April 2015 $117,042 7.9%
March 2015 $133,679 -14.4%
February 2015 $104,964 -12.2%
January 2015 $100,195 -4.1%
December 2014 $186,388 60.9%
November 2014 $96,975 9.6%
$60K
$110K
$160K
$210K
$260K
Ave
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Pri
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$50K
$100K
$150K
$200K
Me
dia
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ale
Pri
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Monthly Market Detail - November 2015
2011 2012 2013 2014 2015
Gadsden County 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)
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, December 22, 2015. Next data release is Friday, January 22, 2016.
October 2015 120 3.4%
Median Days on
Market
Percent Change
Year-over-Year
November 2015 45 -52.6%
Month
September 2015 84 -25.0%
August 2015 61 -22.8%
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.
July 2015 97 5.4%
June 2015 85 -18.3%
May 2015 77 -23.0%
April 2015 88 15.8%
March 2015 100 14.9%
February 2015 101 48.5%
January 2015 77 75.0%
October 2015 87.2% 0.7%
December 2014 99 1.0%
November 2014 95 -13.6%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
November 2015 92.7% 7.8%
Month
September 2015 91.8% 3.5%
August 2015 89.3% -8.8%
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.
July 2015 87.4% 2.1%
June 2015 89.7% 0.4%
May 2015 92.0% 5.7%
April 2015 89.3% 0.9%
March 2015 93.9% 6.8%
February 2015 89.9% -0.8%
January 2015 87.8% -1.0%
December 2014 83.5% -0.5%
November 2014 86.0% 7.5%
65%
75%
85%
95%
105%
Avg
. Pct
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Li
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R
ece
ive
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50
100
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200
250
300
Me
dia
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on
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arke
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Monthly Market Detail - November 2015
2011 2012 2013 2014 2015
Gadsden County 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
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, December 22, 2015. Next data release is Friday, January 22, 2016.
October 2015 208 -1.9%
InventoryPercent Change
Year-over-Year
November 2015 209 -1.9%
Month
September 2015 196 -16.9%
August 2015 193 -19.2%
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.
July 2015 208 -13.3%
June 2015 215 -10.0%
May 2015 216 -8.9%
April 2015 223 -4.7%
March 2015 213 -9.4%
February 2015 204 -15.7%
January 2015 205 -13.5%
October 2015 9.8 -11.5%
December 2014 198 -17.2%
November 2014 213 -12.0%
Months SupplyPercent Change
Year-over-Year
November 2015 10.1 -7.0%
Month
September 2015 9.1 -26.3%
August 2015 9.0 -29.0%
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.
July 2015 9.8 -21.9%
June 2015 10.6 -19.7%
May 2015 10.5 -18.9%
April 2015 10.9 -15.2%
March 2015 10.4 -22.7%
February 2015 10.0 -28.8%
January 2015 10.2 -28.2%
December 2014 10.0 -31.4%
November 2014 10.9 -29.6%
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300
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Monthly Market Detail - November 2015
2011 2012 2013 2014 2015
Gadsden County Single Family Homes
Inventory (Active Listings) The number of property listings active at the end of the month
8.0
13.0
18.0
23.0
28.0
33.0
38.0
Mo
nth
s Su
pp
ly o
f In
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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
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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 Tuesday, December 22, 2015. Next data release is Friday, January 22, 2016.
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more (No Sales) N/A
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 39 -77.2%
$200,000 - $249,999 (No Sales) N/A
$250,000 - $299,999
$400,000 - $599,999 (No Sales) N/A
(No Sales) N/A
$300,000 - $399,999 429 N/A
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 34 -66.7%
$1,000,000 or more 0 N/A
$250,000 - $299,999 0 N/A
$300,000 - $399,999 2 N/A
$50,000 - $99,999 106 35.9%
$100,000 - $149,999
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
483 217.8%
$150,000 - $199,999 1 -75.0%
$200,000 - $249,999 0 -100.0%
$100,000 - $149,999 1 -83.3%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 5 0.0%
$50,000 - $99,999 7 -12.5%
0 1 2 3 4 5 6 7 8 9
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
November 2014 November 2015
0 1 2 3 4 5 6 7 8 9
0
100
200
300
400
500
600
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
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Mar
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0
100
200
300
400
500
600
Monthly Market Detail - November 2015
Gadsden County 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
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, December 22, 2015. Next data release is Friday, January 22, 2016.
$600,000 - $999,999 4 33.3%
$1,000,000 or more 1 N/A
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 32 -11.1%
$200,000 - $249,999 15 -11.8%
$250,000 - $299,999 17 -5.6%
$300,000 - $399,999 11 -8.3%
$400,000 - $599,999 7 -12.5%
$50,000 - $99,999 48 -5.9%
$100,000 - $149,999 42 2.4%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 32 18.5%
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
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 4 0.0%
$200,000 - $249,999 4 300.0%
$250,000 - $299,999 2 N/A
$300,000 - $399,999 2 100.0%
$400,000 - $599,999 2 100.0%
$50,000 - $99,999 6 20.0%
$100,000 - $149,999 4 -42.9%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 4 -20.0%
0 1 2 3 4 5 6 7 8
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
November 2014 November 2015
0
10
20
30
40
50
60
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
November 2014 November 2015
0
10
20
30
40
50
60
0 1 2 3 4 5 6 7 8
Monthly Market Detail - November 2015
Gadsden County 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
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
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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 Tuesday, December 22, 2015. Next data release is Friday, January 22, 2016.
Short Sale
1 1 0.0%
$126,000 $35,000 260.0%
Foreclosure/REO
7 10 -30.0%
$48,900 $88,602 -44.8%
November 2015 November 2014Percent Change
Year-over-Year
Traditional
8 13 -38.5%
$72,500 $105,000 -31.0%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Me
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Pri
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0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
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Sal
es
Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014 2015
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