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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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
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 comparing the percent changes in sales rather than the
number of sales. Closed Sales (and many other market metrics) are
affected by seasonal cycles, so actual trends are more accurately
represented by year-over-year changes (i.e. comparing a month's sales
to the amount of sales in the same month in the previous year), rather
than changes from one month to the next.
August 2021 422 4.5%
-2.6%
13.0%
July 2021 441
June 2021 520
2.2%
December 2020 423
November 2020 414
38.7%
43.3%
23.3%
67.9%
84.1%
9.0%
15.7%
52.0%
October 2020 429
September 2020 365
February 2021 327
January 2021 325
May 2021 482
April 2021 464
March 2021 520
96.8% 3.3%
11 Days 37 Days -70.3%
September 2021
Median Time to Contract
65 Days
447
Median Time to Sale
New Pending Sales
New Listings
Month
432
Pending Inventory 772
Inventory (Active Listings) 746
Months Supply of Inventory 1.7
-15.6%
500 -10.6%
Percent Change
Year-over-Year
$255,000 17.6%
$149.3 Million $109.4 Million 36.4%
$363,160 $299,809 21.1%
September 2020Percent Change
Year-over-Year
94 73 28.8%
411 365 12.6%
Summary Statistics
Closed Sales
Paid in Cash
100.0%
September 2021
$300,000Median Sale Price
Average Sale Price
Dollar Volume
Median Percent of Original
List Price Received
Year-to-Date 3,912 24.4%
12.6%
407 6.1%
Closed Sales
411
77 Days
761 1.4%
914 -18.4%
2.7 -37.0%
2017 2018 2019 2020 2021
J F M A M 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
Monthly Market Detail - September 2021
Bay County
Single-Family Homes
Closed SalesThe number of sales transactions which closed duringthe month
0
100
200
300
400
500
600
Clo
sed
Sal
es
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
20.0% -17.0%
December 2020 22.0%
January 2021 59 -25.3%
December 2020
67 -18.3%
October 2020 76 -13.6%
-2.7%
November 2020 16.2%
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.
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.
Year-to-Date 21.4% -4.0%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
October 2020 17.7% -30.0%
September 2020
September 2020 73 -15.1%
November 2020
-43.0%
May 2021 20.1% -18.6%
April 2021 21.6% 0.9%
March 2021 21.2% -7.0%
February 2021 19.9% -20.4%
January 2021 18.2% -35.2%
July 2021 25.2% 26.6%
June 2021 21.0% -0.5%
September 2021 22.9% 14.5%
August 2021 22.3% 6.2%
93 34.8%
109 12.4%
May 2021 97 36.6%
February 2021 65 -13.3%
April 2021 100 85.2%
March 2021 110 41.0%
June 2021
Month Cash SalesPercent Change
Year-over-Year
September 2021 94 28.8%
August 2021 94 10.6%
July 2021 111 23.3%
Year-to-Date 839 19.5%
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
J F M A M 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
0%
10%
20%
30%
40%
Pct
. of
Clo
sed
Sal
es
Pai
d in
Cas
h
0
20
40
60
80
100
120
140
Cas
h S
ale
sMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Single-Family Homes
Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash
2017 2018 2019 2020 2021
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
26.7%$354,617Year-to-Date
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. Keep in mind
that median price trends over time are not always solely caused by
changes in the general value of local real estate. Median sale price only
reflects the values of the homes that sold each month, and the mix of
the types of homes that sell can change over time.
Economists' note : Usually, 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.October 2020 $321,316 26.2%
September 2020 $299,809 10.7%
December 2020 $313,916 15.8%
November 2020 $309,759 16.0%
May 2021 $337,662 39.9%
April 2021 $336,323 19.2%
March 2021 $334,342 27.9%
February 2021 $354,073 27.4%
January 2021 $299,516 20.6%
July 2021 $400,512 38.7%
June 2021 $371,339 30.5%
September 2021 $363,160 21.1%
August 2021 $385,049 23.7%
September 2020 $255,000 5.4%
Month Average Sale PricePercent Change
Year-over-Year
November 2020 $258,200 8.5%
October 2020 $252,000 6.9%
January 2021 $255,000 13.3%
December 2020 $259,900 5.5%
$286,500 17.4%
May 2021 $290,000 24.2%
February 2021 $280,000 4.9%
August 2021 $294,950 21.8%
July 2021 $305,000 21.0%
April 2021 $270,000 13.0%
March 2021 $270,000 12.5%
June 2021
Month Median Sale PricePercent Change
Year-over-Year
September 2021 $300,000 17.6%
Year-to-Date $284,961 16.3%
J F M A M 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
J F M A M 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
$0K
$100K
$200K
$300K
$400K
$500K
Ave
rage
Sal
e P
rice
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
Me
dia
n S
ale
Pri
ceMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Single-Family Homes
Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2017 2018 2019 2020 2021
Average Sale PriceThe 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
96.8% -0.9%
December 2020 97.1%
January 2021 $97.3 Million 39.5%
December 2020
$128.2 Million 66.2%
October 2020 $137.8 Million 55.5%
0.1%
November 2020 97.1%
Economists' note : The Median Percent of Original List Price Received
is useful as an indicator of market recovery, since it typically 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 has shifted from down to up, so it is what we would call a
lagging indicator.
Economists' note : Dollar Volume is simply the sum of all sale prices
in a given time period, and can quickly be calculated by multiplying
Closed Sales by Average Sale Price. It is a strong indicator of the health
of the real estate industry in a market, and is of particular interest to
real estate professionals, investors, analysts, and government agencies.
Potential home sellers and home buyers, on the other hand, will likely
be better served by paying attention to trends in the two components
of Dollar Volume (i.e. sales and prices) individually.
4.0%100.0%Year-to-Date
MonthMed. Pct. of Orig.
List Price Received
Percent Change
Year-over-Year
October 2020 97.0% -0.1%
September 2020
September 2020 $109.4 Million 13.2%
November 2020
0.2%
May 2021 100.0% 4.8%
April 2021 99.5% 3.6%
March 2021 98.6% 2.7%
February 2021 97.7% 1.6%
January 2021 98.7% 3.0%
July 2021 100.0% 3.5%
June 2021 100.0% 4.2%
September 2021 100.0% 3.3%
August 2021 100.0% 4.0%
$132.8 Million 60.6%
June 2021 $193.1 Million 47.5%
May 2021 $162.8 Million 134.9%
April 2021 $156.1 Million 119.4%
March 2021 $173.9 Million 94.5%
February 2021 $115.8 Million 38.8%
August 2021 $162.5 Million 29.2%
July 2021 $176.6 Million 35.0%
Month Dollar VolumePercent Change
Year-over-Year
September 2021 $149.3 Million 36.4%
Year-to-Date $1.4 Billion 57.7%
J F M A M 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
J F M A M 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
0%
20%
40%
60%
80%
100%
120%
Me
d. P
ct. o
f O
rig.
Li
st P
rice
Re
ceiv
ed
Monthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Single-Family Homes
Dollar VolumeThe sum of the sale prices for all sales which closed during the month
2017 2018 2019 2020 2021
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month
$0
$50 M
$100 M
$150 M
$200 M
$250 M
Do
llar
Vo
lum
e
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
September 2020 77 Days -2.5%
Economists' note : Time to Sale is a measure of the length of the home
selling process, calculated as the number of days between the initial
listing of a property and the closing of the sale. Median Time to Sale 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. Median Time to Sale
gives a more accurate picture than Average Time to Sale, which can be
skewed upward by small numbers of properties taking an abnormally
long time to sell.
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
during the month. The difference is that Time to Contract measures
the number of days between the initial listing of a property and the
signing of the contract which eventually led to the closing of the sale.
When the gap between Median Time to Contract and Median Time to
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
November 2020 81 Days 17.4%
October 2020 79 Days 19.7%
January 2021 82 Days -17.2%
December 2020 79 Days -6.0%
June 2021 67 Days -24.7%
May 2021 76 Days -11.6%
April 2021 74 Days -17.8%
March 2021 97 Days 18.3%
February 2021 101 Days 8.6%
August 2021 69 Days -28.1%
July 2021 66 Days -29.8%
Month Median Time to SalePercent Change
Year-over-Year
September 2021 65 Days -15.6%
-15.7%75 DaysYear-to-Date
October 2020 30 Days 42.9%
September 2020 37 Days 32.1%
27 Days -22.9%
November 2020 29 Days 26.1%
December 2020
May 2021 21 Days -50.0%
April 2021 21 Days -41.7%
March 2021 37 Days 0.0%
February 2021 40 Days -13.0%
January 2021 25 Days -40.5%
MonthMedian Time to
Contract
Percent Change
Year-over-Year
September 2021 11 Days -70.3%
19 Days -56.8%Year-to-Date
August 2021 9 Days -83.6%
July 2021 12 Days -76.5%
June 2021 14 Days -69.6%
J F M A M 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
J F M A M 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 S0
50
100
150
200
Me
dia
n T
ime
to
Sa
le
0
20
40
60
80
100
Me
dia
n T
ime
to
C
on
trac
tMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Single-Family Homes
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month
2017 2018 2019 2020 2021
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
Year-to-Date 4,146 6.5%
October 2020 525 10.8%
May 2021 424 -17.8%
April 2021 527 25.2%
March 2021 435 -0.2%
February 2021
September 2020 407 -11.5%
December 2020 340 3.7%
November 2020 449 28.7%
420 0.0%
January 2021 357 -14.2%
July 2021 574 31.7%
June 2021 484 19.2%
September 2021 432 6.1%
August 2021 493 13.3%
September 2020 500 64.5%
Month New ListingsPercent Change
Year-over-Year
November 2020 415 50.9%
October 2020 517 61.6%
January 2021 451 22.2%
December 2020 344 53.6%
March 2021 573 109.1%
June 2021 453 -5.6%
May 2021 539 9.6%
-11.3%
July 2021 467 -7.7%
April 2021 520 72.2%
Economists' note : New Listings tend to rise in delayed response to
increasing prices, so they are often seen as a lagging indicator of
market health. As prices rise, potential sellers raise their estimations
of value—and in the most recent cycle, rising prices have freed up
many potential sellers who were previously underwater on their
mortgages. Note that in our calculations, we take care to not include
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
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 New Pending SalesPercent Change
Year-over-Year
September 2021 447 -10.6%
Year-to-Date 4,363 15.5%
February 2021 489 29.4%
August 2021 424
J F M A M 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
J F M A M 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
0
100
200
300
400
500
600
700
Ne
w L
isti
ngs
0
100
200
300
400
500
600
700
Pe
nd
ing
Sale
sMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Single-Family Homes
New Pending SalesThe number of listed properties that went under contract during the month
2017 2018 2019 2020 2021
New ListingsThe 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
August 2021 752 -26.3%
July 2021 659 -40.2%
Month InventoryPercent Change
Year-over-Year
September 2021 746 -18.4%
664 -44.7%YTD (Monthly Avg)
-56.6%
May 2021 501 -64.1%
April 2021 609 -58.1%
June 2021 532
955 -12.0%
March 2021 609 -55.0%
February 2021 737 -38.5%
January 2021 830 -27.8%
December 2020
September 2021 1.7 -37.0%
August 2021 1.8 -40.0%
July 2021 1.5 -54.5%
June 2021 1.2 -67.6%
May 2021 1.2 -72.1%
April 2021 1.5 -65.1%
March 2021 1.6 -59.0%
February 2021 2.0 -42.9%
-27.8%
January 2021 2.2 -33.3%
December 2020 2.6 -16.1%
September 2020 914 -14.4%
November 2020 953 -21.4%
October 2020 910 -22.2%
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count 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. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
Economists' note : MSI is a useful indicator of market conditions. The
benchmark for a balanced market (favoring neither buyer nor seller) is
5.5 months of inventory. Anything higher is traditionally a buyers'
market, and anything lower is a sellers' market. There is no single
accepted way of calculating MSI. A common method is to divide
current Inventory by the most recent month's Closed Sales count, but
this count is a usually poor predictor of future Closed Sales due to
seasonal cycles. To eliminate seasonal effects, we use the 12-month
average of monthly Closed Sales instead.
YTD (Monthly Avg) 1.6 -55.6%
Month Months SupplyPercent Change
Year-over-Year
September 2020 2.7 -22.9%
November 2020 2.7 -25.0%
October 2020 2.6
J F M A M 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
J F M A M 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
0.0
1.0
2.0
3.0
4.0
5.0
6.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
0
500
1,000
1,500
2,000
Inve
nto
ryMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Single-Family Homes
Inventory (Active Listings)The number of property listings active at the end of the month
2017 2018 2019 2020 2021
Months Supply of InventoryAn 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
$100,000 - $149,999 14 -44.0%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 3 -62.5%
$50,000 - $99,999 5 -72.2%
$150,000 - $199,999 31 -48.3%
$200,000 - $249,999 59 -13.2%
$50,000 - $99,999 1 Day -94.1%
$100,000 - $149,999
$400,000 - $599,999 72 148.3%
$600,000 - $999,999 25 177.8%
16 Days 6.7%
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 comparing the percent changes in sales rather than the
number of sales. Closed Sales (and many other market metrics) are
affected by seasonal cycles, so actual trends are more accurately
represented by year-over-year changes (i.e. comparing a month's sales
to the amount of sales in the same month in the previous year), rather
than changes from one month to the next.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 12 Days -33.3%
$1,000,000 or more 10 11.1%
$250,000 - $299,999 92 70.4%
$300,000 - $399,999 100 17.6%
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
during the month. The difference is that Time to Contract measures
the number of days between the initial listing of a property and the
signing of the contract which eventually led to the closing of the sale.
When the gap between Median Time to Contract and Median Time to
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
$150,000 - $199,999 21 Days -38.2%
$200,000 - $249,999 7 Days -84.4%
$250,000 - $299,999
$400,000 - $599,999 12 Days -67.6%
13 Days -66.7%
$300,000 - $399,999 8 Days -80.0%
$600,000 - $999,999 23 Days -50.0%
$1,000,000 or more 23 Days 109.1%
05
101520253035404550
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 ormore
Me
dia
n T
ime
to
Co
ntr
act
September 2020 September 2021
05101520253035404550
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 ormore
Clo
sed
Sal
es
September 2020 September 2021
0
20
40
60
80
100
120
Monthly Market Detail - September 2021
Bay County
Single-Family Homes
Closed Sales by Sale PriceThe number of sales transactions which closed during the month
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 1 -75.0%
$50,000 - $99,999 13 -13.3%
$100,000 - $149,999 12 -42.9%
Economists' note: New Listings tend to rise in delayed response to
increasing prices, so they are often seen as a lagging indicator of
market health. As prices rise, potential sellers raise their estimations
of value—and in the most recent cycle, rising prices have freed up
many potential sellers who were previously underwater on their
mortgages. Note that in our calculations, we take care to not include
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
$150,000 - $199,999 36 -35.7%
$200,000 - $249,999 45 -44.4%
$250,000 - $299,999 84 3.7%
$300,000 - $399,999 103 13.2%
$400,000 - $599,999 79 125.7%
$600,000 - $999,999 39 200.0%
$1,000,000 or more 20 100.0%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 0 -100.0%
$50,000 - $99,999 20 -9.1%
$100,000 - $149,999 18 -52.6%
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count 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. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
$150,000 - $199,999 47 -56.1%
$200,000 - $249,999 52 -69.0%
$250,000 - $299,999 103 -34.8%
$300,000 - $399,999 179 0.0%
$400,000 - $599,999 149 23.1%
$600,000 - $999,999 99 76.8%
$1,000,000 or more 79 27.4%
020406080
100120140160180200
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 ormore
Inve
nto
ry
September 2020 September 2021
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 ormore
Ne
w L
isti
ngs
September 2020 September 2021
020406080100120140160180200
0
20
40
60
80
100
120
Monthly Market Detail - September 2021
Bay County
Single-Family Homes
New Listings by Initial Listing PriceThe number of properties put onto the market during the month
Inventory by Current Listing PriceThe 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
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
September 2021 September 2020Percent Change
Year-over-Year
Traditional
410 362 13.3%
$300,000 $255,000 17.6%
Foreclosure/REO
0 2 -100.0%
(No Sales) $268,500 N/A
Short Sale
1 1 0.0%
$79,500 $125,500 -36.7%
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
$450K
$500K
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
J F M A M 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
J F M A M 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
Monthly Distressed Market - September 2021
Bay CountySingle-Family Homes
2017 2018 2019 2020 2021
2017 2018 2019 2020 2021
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
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 comparing the percent changes in sales rather than the
number of sales. Closed Sales (and many other market metrics) are
affected by seasonal cycles, so actual trends are more accurately
represented by year-over-year changes (i.e. comparing a month's sales
to the amount of sales in the same month in the previous year), rather
than changes from one month to the next.
August 2021 205 -5.1%
26.9%
53.3%
July 2021 255
June 2021 259
17.6%
December 2020 218
November 2020 177
75.8%
26.4%
19.6%
186.6%
322.2%
34.1%
15.7%
105.5%
October 2020 171
September 2020 174
February 2021 173
January 2021 162
May 2021 278
April 2021 342
March 2021 298
97.3% 1.2%
13 Days 39 Days -66.7%
September 2021
Median Time to Contract
60 Days
183
Median Time to Sale
New Pending Sales
New Listings
Month
202
Pending Inventory 258
Inventory (Active Listings) 435
Months Supply of Inventory 1.9
-18.9%
203 -9.9%
Percent Change
Year-over-Year
$300,950 23.8%
$74.4 Million $54.9 Million 35.5%
$395,987 $315,660 25.4%
September 2020Percent Change
Year-over-Year
74 77 -3.9%
188 174 8.0%
Summary Statistics
Closed Sales
Paid in Cash
98.5%
September 2021
$372,500Median Sale Price
Average Sale Price
Dollar Volume
Median Percent of Original
List Price Received
Year-to-Date 2,160 59.8%
8.0%
183 10.4%
Closed Sales
188
74 Days
468 -44.9%
557 -21.9%
3.8 -50.0%
2017 2018 2019 2020 2021
J F M A M 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
Monthly Market Detail - September 2021
Bay County
Townhouses and Condos
Closed SalesThe number of sales transactions which closed duringthe month
0
100
200
300
400
Clo
sed
Sal
es
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
44.3% 33.8%
December 2020 34.9%
January 2021 67 3.1%
December 2020
64 20.8%
October 2020 73 58.7%
-9.8%
November 2020 36.2%
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.
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.
Year-to-Date 47.5% 15.6%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
October 2020 42.7% 32.6%
September 2020
September 2020 77 57.1%
November 2020
-4.5%
May 2021 54.7% 47.4%
April 2021 45.3% 22.4%
March 2021 47.0% 28.4%
February 2021 58.4% 39.4%
January 2021 41.4% -10.8%
July 2021 42.4% 20.1%
June 2021 53.3% 14.1%
September 2021 39.4% -11.1%
August 2021 44.4% 6.5%
76 58.3%
138 74.7%
May 2021 152 322.2%
February 2021 101 87.0%
April 2021 155 416.7%
March 2021 140 164.2%
June 2021
Month Cash SalesPercent Change
Year-over-Year
September 2021 74 -3.9%
August 2021 91 1.1%
July 2021 108 52.1%
Year-to-Date 1,026 84.9%
J F M A M 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
J F M A M 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
0%
10%
20%
30%
40%
50%
60%
70%
Pct
. of
Clo
sed
Sal
es
Pai
d in
Cas
h
0
50
100
150
200
Cas
h S
ale
sMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Townhouses and Condos
Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash
2017 2018 2019 2020 2021
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
23.5%$365,894Year-to-Date
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. Keep in mind
that median price trends over time are not always solely caused by
changes in the general value of local real estate. Median sale price only
reflects the values of the homes that sold each month, and the mix of
the types of homes that sell can change over time.
Economists' note : Usually, 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.October 2020 $330,562 18.6%
September 2020 $315,660 11.7%
December 2020 $328,064 19.8%
November 2020 $324,026 12.6%
May 2021 $368,606 25.7%
April 2021 $344,370 29.4%
March 2021 $329,553 16.5%
February 2021 $335,956 11.1%
January 2021 $311,149 7.0%
July 2021 $399,960 44.1%
June 2021 $389,897 31.8%
September 2021 $395,987 25.4%
August 2021 $419,184 30.9%
September 2020 $300,950 14.4%
Month Average Sale PricePercent Change
Year-over-Year
November 2020 $315,000 20.7%
October 2020 $310,000 17.0%
January 2021 $286,000 11.9%
December 2020 $295,000 20.4%
$359,000 38.1%
May 2021 $343,100 21.5%
February 2021 $300,000 10.3%
August 2021 $380,000 32.2%
July 2021 $367,800 48.6%
April 2021 $312,000 29.5%
March 2021 $292,250 16.9%
June 2021
Month Median Sale PricePercent Change
Year-over-Year
September 2021 $372,500 23.8%
Year-to-Date $331,000 23.5%
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
J F M A M 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
$0K
$100K
$200K
$300K
$400K
$500K
Ave
rage
Sal
e P
rice
$0K
$100K
$200K
$300K
$400K
Me
dia
n S
ale
Pri
ceMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Townhouses and Condos
Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2017 2018 2019 2020 2021
Average Sale PriceThe 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
97.3% 0.3%
December 2020 97.4%
January 2021 $50.4 Million 23.8%
December 2020
$57.4 Million 42.4%
October 2020 $56.5 Million 41.9%
1.5%
November 2020 97.8%
Economists' note : The Median Percent of Original List Price Received
is useful as an indicator of market recovery, since it typically 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 has shifted from down to up, so it is what we would call a
lagging indicator.
Economists' note : Dollar Volume is simply the sum of all sale prices
in a given time period, and can quickly be calculated by multiplying
Closed Sales by Average Sale Price. It is a strong indicator of the health
of the real estate industry in a market, and is of particular interest to
real estate professionals, investors, analysts, and government agencies.
Potential home sellers and home buyers, on the other hand, will likely
be better served by paying attention to trends in the two components
of Dollar Volume (i.e. sales and prices) individually.
3.4%100.0%Year-to-Date
MonthMed. Pct. of Orig.
List Price Received
Percent Change
Year-over-Year
October 2020 96.9% -0.3%
September 2020
September 2020 $54.9 Million 31.3%
November 2020
0.5%
May 2021 100.0% 3.7%
April 2021 100.0% 3.6%
March 2021 98.5% 1.3%
February 2021 97.9% 1.3%
January 2021 97.4% 0.5%
July 2021 100.0% 3.4%
June 2021 100.0% 3.8%
September 2021 98.5% 1.2%
August 2021 100.0% 3.5%
$71.5 Million 110.6%
June 2021 $101.0 Million 102.0%
May 2021 $102.5 Million 260.3%
April 2021 $117.8 Million 446.2%
March 2021 $98.2 Million 139.4%
February 2021 $58.1 Million 49.0%
August 2021 $85.9 Million 24.2%
July 2021 $102.0 Million 82.9%
Month Dollar VolumePercent Change
Year-over-Year
September 2021 $74.4 Million 35.5%
Year-to-Date $790.3 Million 97.3%
J F M A M 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
J F M A M 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
0%
20%
40%
60%
80%
100%
120%
Me
d. P
ct. o
f O
rig.
Li
st P
rice
Re
ceiv
ed
Monthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Townhouses and Condos
Dollar VolumeThe sum of the sale prices for all sales which closed during the month
2017 2018 2019 2020 2021
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month
$0
$20 M
$40 M
$60 M
$80 M
$100 M
$120 M
$140 M
Do
llar
Vo
lum
e
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
September 2020 74 Days -1.3%
Economists' note : Time to Sale is a measure of the length of the home
selling process, calculated as the number of days between the initial
listing of a property and the closing of the sale. Median Time to Sale 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. Median Time to Sale
gives a more accurate picture than Average Time to Sale, which can be
skewed upward by small numbers of properties taking an abnormally
long time to sell.
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
during the month. The difference is that Time to Contract measures
the number of days between the initial listing of a property and the
signing of the contract which eventually led to the closing of the sale.
When the gap between Median Time to Contract and Median Time to
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
November 2020 70 Days 11.1%
October 2020 79 Days 11.3%
January 2021 66 Days -24.1%
December 2020 68 Days -17.1%
June 2021 57 Days -39.4%
May 2021 64 Days -23.8%
April 2021 64 Days -31.9%
March 2021 60 Days -38.8%
February 2021 59 Days -43.8%
August 2021 56 Days -41.1%
July 2021 57 Days -41.8%
Month Median Time to SalePercent Change
Year-over-Year
September 2021 60 Days -18.9%
-34.4%61 DaysYear-to-Date
October 2020 37 Days 23.3%
September 2020 39 Days 8.3%
28 Days -24.3%
November 2020 28 Days -15.2%
December 2020
May 2021 15 Days -72.7%
April 2021 18 Days -69.5%
March 2021 23 Days -62.9%
February 2021 20 Days -71.4%
January 2021 24 Days -36.8%
MonthMedian Time to
Contract
Percent Change
Year-over-Year
September 2021 13 Days -66.7%
17 Days -70.7%Year-to-Date
August 2021 11 Days -80.4%
July 2021 12 Days -81.8%
June 2021 11 Days -82.0%
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
J F M A M 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 S0
50
100
150
200
Me
dia
n T
ime
to
Sa
le
0
20
40
60
80
100
120
Me
dia
n T
ime
to
C
on
trac
tMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Townhouses and Condos
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month
2017 2018 2019 2020 2021
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
Year-to-Date 2,162 35.3%
October 2020 181 2.3%
May 2021 243 23.4%
April 2021 215 51.4%
March 2021 239 24.5%
February 2021
September 2020 183 -9.9%
December 2020 169 18.2%
November 2020 188 24.5%
223 30.4%
January 2021 220 19.6%
July 2021 304 69.8%
June 2021 267 61.8%
September 2021 202 10.4%
August 2021 249 34.6%
September 2020 203 41.0%
Month New ListingsPercent Change
Year-over-Year
November 2020 209 88.3%
October 2020 210 11.1%
January 2021 239 33.5%
December 2020 164 13.9%
March 2021 322 238.9%
June 2021 234 -8.6%
May 2021 257 23.0%
-16.2%
July 2021 189 -6.0%
April 2021 269 320.3%
Economists' note : New Listings tend to rise in delayed response to
increasing prices, so they are often seen as a lagging indicator of
market health. As prices rise, potential sellers raise their estimations
of value—and in the most recent cycle, rising prices have freed up
many potential sellers who were previously underwater on their
mortgages. Note that in our calculations, we take care to not include
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
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 New Pending SalesPercent Change
Year-over-Year
September 2021 183 -9.9%
Year-to-Date 2,171 35.8%
February 2021 292 71.8%
August 2021 186
J F M A M 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
J F M A M 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
0
50
100
150
200
250
300
350
Ne
w L
isti
ngs
0
50
100
150
200
250
300
350
Pe
nd
ing
Sale
sMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Townhouses and Condos
New Pending SalesThe number of listed properties that went under contract during the month
2017 2018 2019 2020 2021
New ListingsThe 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
August 2021 432 -25.5%
July 2021 367 -40.5%
Month InventoryPercent Change
Year-over-Year
September 2021 435 -21.9%
305 -57.3%YTD (Monthly Avg)
-62.3%
May 2021 197 -76.3%
April 2021 201 -77.4%
June 2021 244
377 -49.2%
March 2021 221 -73.3%
February 2021 283 -61.4%
January 2021 367 -50.4%
December 2020
September 2021 1.9 -50.0%
August 2021 1.9 -52.5%
July 2021 1.6 -63.6%
June 2021 1.1 -77.1%
May 2021 0.9 -85.7%
April 2021 1.0 -84.1%
March 2021 1.2 -78.9%
February 2021 1.7 -66.0%
-39.3%
January 2021 2.3 -54.9%
December 2020 2.4 -54.7%
September 2020 557 -27.2%
November 2020 404 -47.7%
October 2020 500 -33.0%
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count 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. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
Economists' note : MSI is a useful indicator of market conditions. The
benchmark for a balanced market (favoring neither buyer nor seller) is
5.5 months of inventory. Anything higher is traditionally a buyers'
market, and anything lower is a sellers' market. There is no single
accepted way of calculating MSI. A common method is to divide
current Inventory by the most recent month's Closed Sales count, but
this count is a usually poor predictor of future Closed Sales due to
seasonal cycles. To eliminate seasonal effects, we use the 12-month
average of monthly Closed Sales instead.
YTD (Monthly Avg) 1.5 -70.0%
Month Months SupplyPercent Change
Year-over-Year
September 2020 3.8 -36.7%
November 2020 2.7 -52.6%
October 2020 3.4
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
J F M A M 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
0.0
2.0
4.0
6.0
8.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
0
200
400
600
800
1,000
Inve
nto
ryMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Townhouses and Condos
Inventory (Active Listings)The number of property listings active at the end of the month
2017 2018 2019 2020 2021
Months Supply of InventoryAn 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
$100,000 - $149,999 4 -69.2%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 0 -100.0%
$150,000 - $199,999 13 -55.2%
$200,000 - $249,999 19 -26.9%
$50,000 - $99,999 (No Sales) N/A
$100,000 - $149,999
$400,000 - $599,999 64 100.0%
$600,000 - $999,999 20 100.0%
11 Days -94.1%
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 comparing the percent changes in sales rather than the
number of sales. Closed Sales (and many other market metrics) are
affected by seasonal cycles, so actual trends are more accurately
represented by year-over-year changes (i.e. comparing a month's sales
to the amount of sales in the same month in the previous year), rather
than changes from one month to the next.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 (No Sales) N/A
$1,000,000 or more 2 N/A
$250,000 - $299,999 33 94.1%
$300,000 - $399,999 33 -26.7%
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
during the month. The difference is that Time to Contract measures
the number of days between the initial listing of a property and the
signing of the contract which eventually led to the closing of the sale.
When the gap between Median Time to Contract and Median Time to
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
$150,000 - $199,999 19 Days -38.7%
$200,000 - $249,999 8 Days -71.4%
$250,000 - $299,999
$400,000 - $599,999 16 Days -56.8%
17 Days -72.6%
$300,000 - $399,999 18 Days -52.6%
$600,000 - $999,999 7 Days -92.2%
$1,000,000 or more 69 Days N/A
020406080
100120140160180200
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 ormore
Me
dia
n T
ime
to
Co
ntr
act
September 2020 September 2021
020406080100120140160180200
0
10
20
30
40
50
60
70
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 ormore
Clo
sed
Sal
es
September 2020 September 2021
0
10
20
30
40
50
60
70
Monthly Market Detail - September 2021
Bay County
Townhouses and Condos
Closed Sales by Sale PriceThe number of sales transactions which closed during the month
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 0 N/A
$100,000 - $149,999 1 -66.7%
Economists' note: New Listings tend to rise in delayed response to
increasing prices, so they are often seen as a lagging indicator of
market health. As prices rise, potential sellers raise their estimations
of value—and in the most recent cycle, rising prices have freed up
many potential sellers who were previously underwater on their
mortgages. Note that in our calculations, we take care to not include
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
$150,000 - $199,999 17 -43.3%
$200,000 - $249,999 21 -36.4%
$250,000 - $299,999 22 -15.4%
$300,000 - $399,999 54 38.5%
$400,000 - $599,999 59 40.5%
$600,000 - $999,999 25 150.0%
$1,000,000 or more 3 N/A
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 0 -100.0%
$100,000 - $149,999 1 -92.9%
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count 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. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
$150,000 - $199,999 13 -75.5%
$200,000 - $249,999 26 -64.9%
$250,000 - $299,999 38 -30.9%
$300,000 - $399,999 95 -37.5%
$400,000 - $599,999 165 -2.4%
$600,000 - $999,999 89 161.8%
$1,000,000 or more 8 166.7%
020406080
100120140160180
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 ormore
Inve
nto
ry
September 2020 September 2021
0
10
20
30
40
50
60
70
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 ormore
Ne
w L
isti
ngs
September 2020 September 2021
020406080100120140160180
0
10
20
30
40
50
60
70
Monthly Market Detail - September 2021
Bay County
Townhouses and Condos
New Listings by Initial Listing PriceThe number of properties put onto the market during the month
Inventory by Current Listing PriceThe 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
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
September 2021 September 2020Percent Change
Year-over-Year
Traditional
187 174 7.5%
$370,000 $300,950 22.9%
Foreclosure/REO
0 0 N/A
(No Sales) (No Sales) N/A
Short Sale
1 0 N/A
$391,500 (No Sales) N/A
$0K
$200K
$400K
$600K
$800K
$1000K
$1200K
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
J F M A M 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
J F M A M 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
Monthly Distressed Market - September 2021
Bay CountyTownhouses and Condos
2017 2018 2019 2020 2021
2017 2018 2019 2020 2021
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
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 comparing the percent changes in sales rather than the
number of sales. Closed Sales (and many other market metrics) are
affected by seasonal cycles, so actual trends are more accurately
represented by year-over-year changes (i.e. comparing a month's sales
to the amount of sales in the same month in the previous year), rather
than changes from one month to the next.
August 2021 17 -26.1%
13.6%
28.0%
July 2021 25
June 2021 32
-8.0%
December 2020 20
November 2020 12
81.8%
-40.0%
20.0%
56.3%
100.0%
5.3%
35.3%
20.0%
October 2020 18
September 2020 23
February 2021 20
January 2021 23
May 2021 25
April 2021 36
March 2021 24
96.4% 0.9%
15 Days 12 Days 25.0%
September 2021
Median Time to Contract
58 Days
24
Median Time to Sale
New Pending Sales
New Listings
Month
32
Pending Inventory 38
Inventory (Active Listings) 60
Months Supply of Inventory 2.6
1.8%
22 9.1%
Percent Change
Year-over-Year
$120,000 20.8%
$3.8 Million $2.9 Million 31.6%
$164,152 $124,735 31.6%
September 2020Percent Change
Year-over-Year
11 12 -8.3%
23 23 0.0%
Summary Statistics
Closed Sales
Paid in Cash
97.3%
September 2021
$145,000Median Sale Price
Average Sale Price
Dollar Volume
Median Percent of Original
List Price Received
Year-to-Date 225 23.0%
0.0%
16 100.0%
Closed Sales
23
57 Days
29 31.0%
60 0.0%
3.1 -16.1%
2017 2018 2019 2020 2021
J F M A M 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
Monthly Market Detail - September 2021
Bay County
Manufactured Homes
Closed SalesThe number of sales transactions which closed duringthe month
0
10
20
30
40
Clo
sed
Sal
es
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
52.2% -13.0%
December 2020 80.0%
January 2021 15 87.5%
December 2020
8 -42.9%
October 2020 7 -12.5%
119.8%
November 2020 66.7%
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.
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.
Year-to-Date 58.7% 18.1%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
October 2020 38.9% -27.0%
September 2020
September 2020 12 -20.0%
November 2020
-4.7%
May 2021 44.0% -36.0%
April 2021 58.3% 31.3%
March 2021 66.7% 90.6%
February 2021 50.0% -4.9%
January 2021 65.2% 38.4%
July 2021 52.0% 4.0%
June 2021 81.3% 56.3%
September 2021 47.8% -8.4%
August 2021 52.9% 10.7%
16 300.0%
26 100.0%
May 2021 11 0.0%
February 2021 10 0.0%
April 2021 21 162.5%
March 2021 16 128.6%
June 2021
Month Cash SalesPercent Change
Year-over-Year
September 2021 11 -8.3%
August 2021 9 -18.2%
July 2021 13 18.2%
Year-to-Date 132 45.1%
J F M A M 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
J F M A M 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
0%
20%
40%
60%
80%
100%
Pct
. of
Clo
sed
Sal
es
Pai
d in
Cas
h
0
5
10
15
20
25
30
Cas
h S
ale
sMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Manufactured Homes
Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash
2017 2018 2019 2020 2021
Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
22.7%$141,538Year-to-Date
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. Keep in mind
that median price trends over time are not always solely caused by
changes in the general value of local real estate. Median sale price only
reflects the values of the homes that sold each month, and the mix of
the types of homes that sell can change over time.
Economists' note : Usually, 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.October 2020 $123,789 19.6%
September 2020 $124,735 8.9%
December 2020 $97,933 -22.9%
November 2020 $131,542 47.2%
May 2021 $128,384 15.4%
April 2021 $139,357 34.0%
March 2021 $139,180 38.4%
February 2021 $109,684 -9.2%
January 2021 $105,554 10.5%
July 2021 $183,120 47.4%
June 2021 $146,769 18.3%
September 2021 $164,152 31.6%
August 2021 $153,400 24.9%
September 2020 $120,000 1.7%
Month Average Sale PricePercent Change
Year-over-Year
November 2020 $140,000 159.3%
October 2020 $129,250 21.9%
January 2021 $100,000 11.2%
December 2020 $101,250 -18.0%
$142,500 29.5%
May 2021 $125,000 43.7%
February 2021 $94,500 -21.2%
August 2021 $164,000 36.7%
July 2021 $160,000 24.5%
April 2021 $128,500 20.5%
March 2021 $131,250 21.0%
June 2021
Month Median Sale PricePercent Change
Year-over-Year
September 2021 $145,000 20.8%
Year-to-Date $135,400 17.7%
J F M A M 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
J F M A M 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
$0K
$50K
$100K
$150K
$200K
Ave
rage
Sal
e P
rice
$0K
$50K
$100K
$150K
$200K
Me
dia
n S
ale
Pri
ceMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Manufactured Homes
Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2017 2018 2019 2020 2021
Average Sale PriceThe 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
96.4% 4.9%
December 2020 93.0%
January 2021 $2.4 Million 49.5%
December 2020
$1.6 Million -11.7%
October 2020 $2.2 Million 43.5%
-4.5%
November 2020 93.3%
Economists' note : The Median Percent of Original List Price Received
is useful as an indicator of market recovery, since it typically 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 has shifted from down to up, so it is what we would call a
lagging indicator.
Economists' note : Dollar Volume is simply the sum of all sale prices
in a given time period, and can quickly be calculated by multiplying
Closed Sales by Average Sale Price. It is a strong indicator of the health
of the real estate industry in a market, and is of particular interest to
real estate professionals, investors, analysts, and government agencies.
Potential home sellers and home buyers, on the other hand, will likely
be better served by paying attention to trends in the two components
of Dollar Volume (i.e. sales and prices) individually.
1.4%93.9%Year-to-Date
MonthMed. Pct. of Orig.
List Price Received
Percent Change
Year-over-Year
October 2020 90.0% 4.0%
September 2020
September 2020 $2.9 Million 0.2%
November 2020
1.7%
May 2021 92.3% 7.2%
April 2021 95.6% 1.2%
March 2021 93.5% 8.0%
February 2021 94.1% -0.4%
January 2021 91.0% -2.2%
July 2021 91.7% -3.6%
June 2021 95.8% 6.0%
September 2021 97.3% 0.9%
August 2021 96.4% -1.1%
$2.0 Million 40.2%
June 2021 $4.7 Million 51.4%
May 2021 $3.2 Million 80.3%
April 2021 $5.0 Million 168.1%
March 2021 $3.3 Million 66.1%
February 2021 $2.2 Million -4.4%
August 2021 $2.6 Million -7.7%
July 2021 $4.6 Million 67.5%
Month Dollar VolumePercent Change
Year-over-Year
September 2021 $3.8 Million 31.6%
Year-to-Date $31.8 Million 50.9%
J F M A M 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
J F M A M 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
0%
20%
40%
60%
80%
100%
120%
Me
d. P
ct. o
f O
rig.
Li
st P
rice
Re
ceiv
ed
Monthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Manufactured Homes
Dollar VolumeThe sum of the sale prices for all sales which closed during the month
2017 2018 2019 2020 2021
Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month
$0
$1.0 M
$2.0 M
$3.0 M
$4.0 M
$5.0 M
$6.0 M
Do
llar
Vo
lum
e
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
September 2020 57 Days -19.7%
Economists' note : Time to Sale is a measure of the length of the home
selling process, calculated as the number of days between the initial
listing of a property and the closing of the sale. Median Time to Sale 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. Median Time to Sale
gives a more accurate picture than Average Time to Sale, which can be
skewed upward by small numbers of properties taking an abnormally
long time to sell.
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
during the month. The difference is that Time to Contract measures
the number of days between the initial listing of a property and the
signing of the contract which eventually led to the closing of the sale.
When the gap between Median Time to Contract and Median Time to
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
November 2020 57 Days 46.2%
October 2020 68 Days -21.8%
January 2021 82 Days 17.1%
December 2020 65 Days -24.4%
June 2021 42 Days -54.3%
May 2021 71 Days -27.6%
April 2021 66 Days -8.3%
March 2021 102 Days 12.1%
February 2021 112 Days 10.9%
August 2021 55 Days -52.2%
July 2021 74 Days 2.8%
Month Median Time to SalePercent Change
Year-over-Year
September 2021 58 Days 1.8%
-13.3%72 DaysYear-to-Date
October 2020 40 Days -11.1%
September 2020 12 Days -47.8%
37 Days -31.5%
November 2020 24 Days 33.3%
December 2020
May 2021 24 Days -63.6%
April 2021 28 Days -22.2%
March 2021 62 Days -6.1%
February 2021 49 Days -5.8%
January 2021 44 Days 0.0%
MonthMedian Time to
Contract
Percent Change
Year-over-Year
September 2021 15 Days 25.0%
30 Days -33.3%Year-to-Date
August 2021 11 Days -80.7%
July 2021 29 Days 45.0%
June 2021 16 Days -67.3%
J F M A M 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
J F M A M 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 S0
50
100
150
200
Me
dia
n T
ime
to
Sa
le
0
20
40
60
80
100
120
140
Me
dia
n T
ime
to
C
on
trac
tMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Manufactured Homes
Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month
2017 2018 2019 2020 2021
Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
Year-to-Date 257 17.4%
October 2020 31 -22.5%
May 2021 35 29.6%
April 2021 25 38.9%
March 2021 34 3.0%
February 2021
September 2020 16 -38.5%
December 2020 19 -17.4%
November 2020 25 8.7%
25 -10.7%
January 2021 21 10.5%
July 2021 36 16.1%
June 2021 25 25.0%
September 2021 32 100.0%
August 2021 24 -11.1%
September 2020 22 22.2%
Month New ListingsPercent Change
Year-over-Year
November 2020 29 81.3%
October 2020 20 17.6%
January 2021 27 -10.0%
December 2020 26 30.0%
March 2021 29 31.8%
June 2021 24 -4.0%
May 2021 40 60.0%
-22.7%
July 2021 29 -9.4%
April 2021 29 26.1%
Economists' note : New Listings tend to rise in delayed response to
increasing prices, so they are often seen as a lagging indicator of
market health. As prices rise, potential sellers raise their estimations
of value—and in the most recent cycle, rising prices have freed up
many potential sellers who were previously underwater on their
mortgages. Note that in our calculations, we take care to not include
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
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 New Pending SalesPercent Change
Year-over-Year
September 2021 24 9.1%
Year-to-Date 246 15.0%
February 2021 27 107.7%
August 2021 17
J F M A M 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
J F M A M 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
0
10
20
30
40
50
Ne
w L
isti
ngs
0
10
20
30
40
50
Pe
nd
ing
Sale
sMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Manufactured Homes
New Pending SalesThe number of listed properties that went under contract during the month
2017 2018 2019 2020 2021
New ListingsThe 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
August 2021 52 -25.7%
July 2021 43 -33.8%
Month InventoryPercent Change
Year-over-Year
September 2021 60 0.0%
49 -35.1%YTD (Monthly Avg)
-40.9%
May 2021 39 -52.4%
April 2021 46 -47.1%
June 2021 39
66 -18.5%
March 2021 53 -44.8%
February 2021 54 -38.6%
January 2021 58 -17.1%
December 2020
September 2021 2.6 -16.1%
August 2021 2.3 -36.1%
July 2021 1.8 -48.6%
June 2021 1.7 -51.4%
May 2021 1.7 -61.4%
April 2021 2.1 -53.3%
March 2021 2.6 -44.7%
February 2021 2.7 -37.2%
-7.3%
January 2021 2.9 -14.7%
December 2020 3.4 -12.8%
September 2020 60 -9.1%
November 2020 66 -29.8%
October 2020 73 -14.1%
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count 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. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
Economists' note : MSI is a useful indicator of market conditions. The
benchmark for a balanced market (favoring neither buyer nor seller) is
5.5 months of inventory. Anything higher is traditionally a buyers'
market, and anything lower is a sellers' market. There is no single
accepted way of calculating MSI. A common method is to divide
current Inventory by the most recent month's Closed Sales count, but
this count is a usually poor predictor of future Closed Sales due to
seasonal cycles. To eliminate seasonal effects, we use the 12-month
average of monthly Closed Sales instead.
YTD (Monthly Avg) 2.3 -41.0%
Month Months SupplyPercent Change
Year-over-Year
September 2020 3.1 -6.1%
November 2020 3.5 -20.5%
October 2020 3.8
J F M A M 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
J F M A M 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
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
0
20
40
60
80
100
120
140
Inve
nto
ryMonthly Market Detail - September 2021
2017 2018 2019 2020 2021
Bay County
Manufactured Homes
Inventory (Active Listings)The number of property listings active at the end of the month
2017 2018 2019 2020 2021
Months Supply of InventoryAn 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
$100,000 - $149,999 8 -33.3%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 1 -50.0%
$50,000 - $99,999 4 100.0%
$150,000 - $199,999 3 -57.1%
$200,000 - $249,999 3 N/A
$50,000 - $99,999 4 Days -95.4%
$100,000 - $149,999
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
19 Days 26.7%
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 comparing the percent changes in sales rather than the
number of sales. Closed Sales (and many other market metrics) are
affected by seasonal cycles, so actual trends are more accurately
represented by year-over-year changes (i.e. comparing a month's sales
to the amount of sales in the same month in the previous year), rather
than changes from one month to the next.
Sale PriceMedian Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 1142 Days 22740.0%
$1,000,000 or more 0 N/A
$250,000 - $299,999 1 N/A
$300,000 - $399,999 3 N/A
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
during the month. The difference is that Time to Contract measures
the number of days between the initial listing of a property and the
signing of the contract which eventually led to the closing of the sale.
When the gap between Median Time to Contract and Median Time to
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
$150,000 - $199,999 34 Days 126.7%
$200,000 - $249,999 15 Days N/A
$250,000 - $299,999
$400,000 - $599,999 (No Sales) N/A
19 Days N/A
$300,000 - $399,999 15 Days N/A
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more (No Sales) N/A
0
200
400
600
800
1,000
1,200
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 ormore
Me
dia
n T
ime
to
Co
ntr
act
September 2020 September 2021
0
200
400
600
800
1,000
1,200
0
2
4
6
8
10
12
14
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 ormore
Clo
sed
Sal
es
September 2020 September 2021
0
2
4
6
8
10
12
14
Monthly Market Detail - September 2021
Bay County
Manufactured Homes
Closed Sales by Sale PriceThe number of sales transactions which closed during the month
Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales 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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 1 -75.0%
$50,000 - $99,999 10 400.0%
$100,000 - $149,999 5 -28.6%
Economists' note: New Listings tend to rise in delayed response to
increasing prices, so they are often seen as a lagging indicator of
market health. As prices rise, potential sellers raise their estimations
of value—and in the most recent cycle, rising prices have freed up
many potential sellers who were previously underwater on their
mortgages. Note that in our calculations, we take care to not include
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
$150,000 - $199,999 9 200.0%
$200,000 - $249,999 4 N/A
$250,000 - $299,999 3 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
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 1 -66.7%
$50,000 - $99,999 13 -23.5%
$100,000 - $149,999 16 -33.3%
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count 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. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
$150,000 - $199,999 13 44.4%
$200,000 - $249,999 5 0.0%
$250,000 - $299,999 5 N/A
$300,000 - $399,999 4 100.0%
$400,000 - $599,999 1 N/A
$600,000 - $999,999 2 N/A
$1,000,000 or more 0 N/A
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 ormore
Inve
nto
ry
September 2020 September 2021
0
2
4
6
8
10
12
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 ormore
Ne
w L
isti
ngs
September 2020 September 2021
0
5
10
15
20
25
30
0
2
4
6
8
10
12
Monthly Market Detail - September 2021
Bay County
Manufactured Homes
New Listings by Initial Listing PriceThe number of properties put onto the market during the month
Inventory by Current Listing PriceThe 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
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 Thursday, October 21, 2021. Next data release is Monday, November 22, 2021.
September 2021 September 2020Percent Change
Year-over-Year
Traditional
23 23 0.0%
$145,000 $120,000 20.8%
Foreclosure/REO
0 0 N/A
(No Sales) (No Sales) N/A
Short Sale
0 0 N/A
(No Sales) (No Sales) N/A
$0K
$20K
$40K
$60K
$80K
$100K
$120K
$140K
$160K
$180K
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
J F M A M 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
J F M A M 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
Monthly Distressed Market - September 2021
Bay CountyManufactured Homes
2017 2018 2019 2020 2021
2017 2018 2019 2020 2021