Monthly Snapshot
A few short years ago, housing was considered a headwind to economic recovery. Today, housing is seen as a tailwind to a stalling economy. For the first time since 2005, housing is on track for contributing positively to national GDP in 2012. That can occur either by way of direct residential investment or through remodeling and other ancillary services. Watch for signs of sustained tailwinds in a variety of indicators, including market times, seller concessions, prices and absorption rates.
Residential real estate activity comprised of single-family properties, townhomes and condominiums combined. Percent changes are calculated using rounded figures.
For residential real estate activity by members of the Pinellas REALTOR® Organization
One-Year Change inClosed Sales
Single-Family Homes
One-Year Change inMedian Sales PriceSingle-Family Homes
One-Year Change inHomes for Sale
Single-Family Homes
Monthly Indicators
July 2012
+ 16.7% + 10.7% - 18.0%
23456789
10111213
Pending SalesClosed Sales
Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing.
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New Listings were up 4.1 percent for detached homes and 14.9 percent for attached properties. Pending Sales decreased 14.9 percent for single-family homes and 7.5 percent for townhouse-condo properties.
The Median Sales Price was up 10.7 percent to $135,000 for detached homes but remained flat at $95,000 for attached properties. Months Supply of Inventory decreased 22.7 percent for single-family units and 24.8 percent for townhouse-condo units.
Sustained recovery will not occur without real employment and wage growth. Consumers must be confident in both the economy and their family finances before signing on the dotted line. Cheap borrowing costs have served as the glue binding things together. Unimaginable a few years ago, the rate on a 30-year fixed mortgage recently ducked below the 3.49 percent marker. Job creation and GDP numbers will garner particular attention this quarter.
calculated using rounded figures.
Days on Market Until SaleMedian Sales PriceAverage Sales PricePercent of Original List Price ReceivedHousing Affordability IndexInventory of Homes for SaleMonths Supply of Inventory
New Listings
Single-Family Market OverviewTownhouse-Condo Market Overview
Single-Family Market Overview
Key Metrics Historical Sparklines 7-2011 7-2012 Percent Change YTD 2011 YTD 2012 Percent Change
+ 8.5%
Days on Market 66 41 - 38.6% 62 47 - 24.2%
Closed Sales 807 942 + 16.7% 5,713 6,196
8,884 - 6.1%
Pending Sales 895 762 - 14.9% 6,275 6,558 + 4.5%
9,464
Key metrics for Single-Family Properties Only, excluding Manufactured Housing, for the report month and for year-to-date (YTD) starting from the first of the year.
New Listings 1,187 1,236 + 4.1%
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 2
--
Months Supply 7.7 6.0 - 22.7% -- -- --
Homes for Sale 6,282 5,150 - 18.0% -- --
+ 3.6%
Affordability Index 183 184 + 0.4% 187 189 + 1.3%
Pct. of Orig. Price Received 87.8% 90.3% + 2.9% 86.9% 90.1%
+ 9.2%
Average Sales Price $183,476 $194,494 + 6.0% $173,873 $188,944 + 8.7%
Median Sales Price $122,000 $135,000 + 10.7% $119,000 $130,000
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
Townhouse-Condo Market Overview
Key Metrics Historical Sparklines 7-2011 7-2012 Percent Change YTD 2011 YTD 2012 Percent Change
Key metrics for Townhouse-Condo Properties Only for the report month and for year-to-date (YTD) starting from the first of the year.
5,274 - 13.7%
Pending Sales 464 429 - 7.5% 3,886 3,922 + 0.9%
6,109New Listings 650 747 + 14.9%
Closed Sales 438 514 + 17.4% 3,645 3,765 + 3.3%
- 15.8%Days on Market 84 51 - 39.3% 76 64
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
$90,000 + 0.1%Median Sales Price $95,000 $95,000 0.0% $89,900
+ 2.0%
Pct. of Orig. Price Received 86.3% 89.1% + 3.3% 85.9% 88.2% + 2.7%
Average Sales Price $156,523 $163,303 + 4.3% $151,299 $154,252
+ 7.6%
Homes for Sale 4,488 3,426 - 23.7% -- -- --
Affordability Index 221 238 + 7.8% 229 247
--Months Supply 9.0 6.8 - 24.8% -- --
Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 3
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
7-2009 7-2010 7-2011 7-2012
New Listings
New ListingsSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 1,257 -23.9% 687 -33.6%
September 2011 1,077 -32.5% 657 -32.2%
October 2011 1,217 -18.6% 708 -27.5%
November 2011 1,151 -16.2% 772 -14.4%
December 2011 966 -24.9% 623 -29.1%
January 2012 1,277 -23.3% 789 -29.4%
February 2012 1,254 -6.8% 775 -16.9%
March 2012 1,326 -13.8% 823 -21.5%
April 2012 1,279 -0.6% 756 -13.4%
May 2012 1,295 +2.8% 731 -1.6%
June 2012 1,217 +3.1% 653 -12.2%
July 2012 1,236 +4.1% 747 +14.9%
12-Month Avg. 1,213 -13.7% 727 -19.8%
A count of the properties that have been newly listed on the market in a given month.
1,683
928
1,187
650
1,236
747
July
11,804
7,277
9,464
6,109
8,884
5,274
Year to Date
2010 2011 2012
+ 14 9%30 0%+ 4 1%- 29 5% 16 1%- 6 1%- 19 8% 13 7%2010 2011 2012 2010 2011 2012 2010 2011 2012
2 3% + 2 0% 2 2%6 7%12 Month Avg. 1,213 13.7% 727 19.8%
Historical New Listings by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 4
Single-Family Townhouse-Condo
500
1,000
1,500
2,000
2,500
3,000
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
+ 14.9%- 30.0%+ 4.1%- 29.5% - 16.1%- 6.1%- 19.8% - 13.7%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 2.3% + 2.0% - 2.2%- 6.7%
Pending Sales
Pending SalesSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 833 +22.0% 462 +9.5%
September 2011 752 +10.6% 402 -10.3%
October 2011 745 +9.4% 451 +16.8%
November 2011 708 -8.3% 431 +2.1%
December 2011 763 +13.4% 404 -2.7%
January 2012 916 +11.4% 554 -1.6%
February 2012 943 +7.0% 641 +10.5%
March 2012 1,067 +1.9% 686 -3.2%
April 2012 1,048 +17.8% 592 -2.8%
May 2012 924 +18.0% 569 +27.6%
June 2012 898 -6.2% 451 -12.4%
July 2012 762 -14.9% 429 -7.5%
12-Month Avg. 863 +6.1% 506 +1.6%
A count of the properties on which offers have been accepted in a given month.
720
361
895
464
762
429
July
5,399
3,239
6,275
3,886
6,558
3,922
Year to Date
2010 2011 2012
7 5%+ 28 5%- 14 9%+ 24 3% + 20 0%+ 4 5%+ 16 2% + 0 9%2010 2011 2012 2010 2011 2012 2010 2011 2012
10 0% + 0 1% + 20 3%7 7%12 Month Avg. 863 +6.1% 506 +1.6%
Historical Pending Sales by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 5
Single-Family Townhouse-Condo
200
400
600
800
1,000
1,200
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
- 7.5%+ 28.5%- 14.9%+ 24.3% + 20.0%+ 4.5%+ 16.2% + 0.9%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 10.0% + 0.1% + 20.3%- 7.7%
Closed Sales
Closed SalesSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 843 +18.4% 435 +15.4%
September 2011 786 +13.3% 432 -8.3%
October 2011 731 +10.4% 405 +6.9%
November 2011 706 +12.2% 391 +8.9%
December 2011 814 -6.8% 512 -4.3%
January 2012 638 -0.2% 382 +1.3%
February 2012 707 -0.8% 425 -10.3%
March 2012 952 +1.8% 643 +0.9%
April 2012 942 +7.4% 657 +1.7%
May 2012 995 +17.8% 579 +8.8%
June 2012 1,020 +13.7% 565 +4.4%
July 2012 942 +16.7% 514 +17.4%
12-Month Avg. 840 +8.5% 495 +3.0%
A count of the actual sales that closed in a given month.
661
348
807
438
942
514
July
5,199
3,182
5,713
3,645
6,196
3,765
Year to Date
2010 2011 2012
+ 17 4%+ 25 9%+ 16 7%+ 22 1% + 14 6%+ 8 5%+ 9 9% + 3 3%2010 2011 2012 2010 2011 2012 2010 2011 2012
20 6% + 8 3% + 31 9%15 7%12 Month Avg. 840 +8.5% 495 +3.0%
Historical Closed Sales by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 6
Single-Family Townhouse-Condo
200
400
600
800
1,000
1,200
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
+ 17.4%+ 25.9%+ 16.7%+ 22.1% + 14.6%+ 8.5%+ 9.9% + 3.3%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 20.6% + 8.3% + 31.9%- 15.7%
Days on Market Until Sale
Days on MarketSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 61 +24.5% 78 +27.9%
September 2011 54 +8.0% 91 +97.8%
October 2011 65 +26.2% 74 +15.6%
November 2011 61 +22.0% 76 -1.3%
December 2011 58 -3.3% 77 +24.2%
January 2012 59 +3.5% 70 +4.5%
February 2012 58 -10.8% 76 0.0%
March 2012 51 -22.7% 77 -4.9%
April 2012 46 -26.6% 64 0.0%
May 2012 42 -23.6% 58 -24.7%
June 2012 43 -34.6% 60 -23.1%
July 2012 41 -38.6% 51 -39.3%
12-Month Med.* 52 -10.3% 69 -1.4%
Median number of days between when a property is listed and when an offer is accepted in a given month.
48
6266
84
41
51
July
50
6562
76
47
64
Year to Date
2010 2011 2012
39 3%+ 35 5%- 38 6%+ 37 5% + 16 9%- 24 2%+ 24 0% 15 8%2010 2011 2012 2010 2011 2012 2010 2011 2012
9 4% 25 4% 17 7%21 5%12 Month Med. 52 10.3% 69 1.4%
* Days on Market for all properties from August 2011 through July 2012. This is not the Median of the individual figures above.
Historical Days on Market Until Sale by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 7
Single-Family Townhouse-Condo
40
50
60
70
80
90
100
110
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
- 39.3%+ 35.5%- 38.6%+ 37.5% + 16.9%- 24.2%+ 24.0% - 15.8%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 9.4% - 25.4% - 17.7%- 21.5%
Median Sales Price
Median Sales PriceSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 $123,000 -5.4% $100,000 -15.6%
September 2011 $125,000 -1.4% $89,732 -26.4%
October 2011 $127,000 -11.2% $78,125 -25.6%
November 2011 $108,000 -10.0% $90,000 -18.9%
December 2011 $120,750 -0.6% $90,000 -12.8%
January 2012 $117,000 +15.9% $86,000 +17.4%
February 2012 $120,000 +20.0% $84,625 +5.1%
March 2012 $125,000 +8.7% $82,500 -5.4%
April 2012 $135,250 +8.2% $92,500 +0.5%
May 2012 $131,000 +9.2% $94,950 +5.5%
June 2012 $134,000 +4.3% $100,000 +0.3%
July 2012 $135,000 +10.7% $95,000 0.0%
12-Month Med.* $125,000 +2.8% $90,000 -5.3%
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$140,000
$107,000
$122,000
$95,000
$135,000
$95,000
July
$140,000
$115,000$119,000
$89,900
$130,000
$90,000
Year to Date
2010 2011 2012
0 0%- 11 2%+ 10 7%- 12 9% - 21 8%+ 9 2%- 15 0% + 0 1%2010 2011 2012 2010 2011 2012 2010 2011 2012
0 0% 0 0% - 5 7%- 13 7%12 Month Med. $125,000 +2.8% $90,000 5.3%
* Median Sales Price for all properties from August 2011 through July 2012. This is not the Median of the individual figures above.
Historical Median Sales Price by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 8
Single-Family Townhouse-Condo
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
0.0%- 11.2%+ 10.7%- 12.9% - 21.8%+ 9.2%- 15.0% + 0.1%2010 2011 2012 2010 2011 2012 2010 2011 2012
0.0% 0.0% - 5.7%- 13.7%
Average Sales Price
Average Sales PriceSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 $189,777 +11.1% $156,356 -10.9%
September 2011 $179,676 +5.9% $140,288 -20.0%
October 2011 $180,316 -3.1% $132,255 -24.8%
November 2011 $171,231 +5.0% $139,819 -12.2%
December 2011 $179,098 +5.9% $145,989 -11.8%
January 2012 $166,584 +1.7% $138,388 +2.4%
February 2012 $170,075 +12.0% $148,403 +5.8%
March 2012 $184,763 +8.2% $148,275 -0.9%
April 2012 $196,909 +8.2% $161,079 +4.5%
May 2012 $194,742 +9.7% $158,494 +1.7%
June 2012 $201,768 +11.1% $155,659 -4.0%
July 2012 $194,494 +6.0% $163,303 +4.3%
12-Month Avg.* $185,628 +7.3% $150,231 -5.1%
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$194,478$188,523$183,476
$156,523
$194,494
$163,303
July$189,803
$180,590$173,873
$151,299
$188,944
$154,252
Year to Date
2010 2011 2012
+ 4 3%17 0%+ 6 0%5 7% 16 2%+ 8 7%- 8 4% + 2 0%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 8 1% 0 2% + 4 1%+ 3 2%12 Month Avg. $185,628 +7.3% $150,231 5.1%
* Average Sales Price for all properties from August 2011 through July 2012. This is not the Average of the individual figures above.
Historical Average Sales Price by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 9
Single-Family Townhouse-Condo
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
+ 4.3%- 17.0%+ 6.0%- 5.7% - 16.2%+ 8.7%- 8.4% + 2.0%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 8.1% - 0.2% + 4.1%+ 3.2%
Percent of Original List Price Received
Pct. of Orig. Price Received
Single-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 88.3% +0.5% 87.4% -1.3%
September 2011 88.6% +2.2% 86.0% -3.7%
October 2011 88.0% +0.6% 88.1% +1.3%
November 2011 88.3% +1.0% 86.4% +1.0%
December 2011 88.1% +2.1% 86.3% -0.2%
January 2012 87.8% +1.5% 87.9% +2.8%
February 2012 89.3% +4.0% 88.2% +3.0%
March 2012 89.5% +4.1% 86.9% +3.3%
April 2012 90.7% +4.5% 87.8% +0.8%
May 2012 91.0% +3.4% 88.7% +3.0%
June 2012 90.8% +4.0% 89.1% +3.2%
July 2012 90.3% +2.9% 89.1% +3.3%
12-Month Avg.* 89.4% +2.8% 87.7% +1.5%
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties soldin a given month, not accounting for seller concessions.
88.6% 85.5%87.8% 86.3%90.3% 89.1%
July
88.5% 86.1%86.9% 85.9%90.1% 88.2%
Year to Date
2010 2011 2012
+ 3 3%+ 0 9%+ 2 9%0 9% 0 2%+ 3 6%- 1 8% + 2 7%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 0 6% + 3 6% + 4 0%+ 1 9%12 Month Avg. 89.4% +2.8% 87.7% +1.5%
* Pct. of Orig. Price Received for all properties from August 2011 through July 2012. This is not the Average of the individual figures above.
Historical Percent of Original List Price Received by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 10
Single-Family Townhouse-Condo
80%
82%
84%
86%
88%
90%
92%
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
+ 3.3%+ 0.9%+ 2.9%- 0.9% - 0.2%+ 3.6%- 1.8% + 2.7%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 0.6% + 3.6% + 4.0%+ 1.9%
Housing Affordability Index
Affordability IndexSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 187 +0.1% 218 +8.7%
September 2011 187 -1.9% 238 +21.2%
October 2011 183 +5.1% 259 +17.6%
November 2011 208 +3.5% 237 +11.3%
December 2011 192 -2.3% 237 +7.0%
January 2012 197 -3.7% 246 -4.3%
February 2012 195 -5.2% 250 +4.2%
March 2012 187 +0.5% 252 +10.6%
April 2012 179 +1.5% 236 +6.7%
May 2012 185 +0.5% 234 +2.9%
June 2012 183 +3.6% 227 +6.3%
July 2012 184 +0.4% 238 +7.8%
12-Month Avg. 189 +1.3% 239 -21.1%
This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
174
214
183
221
184
238
July
174
202187
229
189
247
Year to Date
2010 2011 2012
+ 7 8%+ 3 3%+ 0 4%+ 5 4% + 13 4%+ 1 3%+ 7 5% + 7 6%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 7 4% + 7 4% + 12 2%+ 19 9%12 Month Avg. 189 +1.3% 239 21.1%
Historical Housing Affordability Index by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 11
Single-Family Townhouse-Condo
100
125
150
175
200
225
250
275
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
+ 7.8%+ 3.3%+ 0.4%+ 5.4% + 13.4%+ 1.3%+ 7.5% + 7.6%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 7.4% + 7.4% + 12.2%+ 19.9%
Inventory of Homes for Sale
Homes for SaleSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 6,064 -33.3% 4,265 -31.4%
September 2011 5,911 -35.1% 4,213 -31.3%
October 2011 5,911 -34.8% 4,121 -33.3%
November 2011 5,938 -33.1% 4,166 -31.8%
December 2011 5,653 -31.5% 4,028 -29.8%
January 2012 5,552 -33.1% 3,973 -31.1%
February 2012 5,478 -31.3% 3,822 -32.0%
March 2012 5,307 -30.8% 3,675 -32.0%
April 2012 5,174 -29.3% 3,564 -31.0%
May 2012 5,145 -27.3% 3,451 -30.9%
June 2012 5,073 -22.9% 3,375 -28.6%
July 2012 5,150 -18.0% 3,426 -23.7%
12-Month Avg.* 5,530 -30.6% 3,840 -30.7%
The number of properties available for sale in active status at the end of a given month.
9,007
6,1436,282
4,4885,150
3,426
July
2010 2011 2012
23 7%26 9%18 0%- 30 3%2010 2011 2012
+ 1 7% 7 5%12 Month Avg. 5,530 30.6% 3,840 30.7%
* Homes for Sale for all properties from August 2011 through July 2012. This is not the Average of the individual figures above.
Historical Inventory of Homes for Sale by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 12
Single-Family Townhouse-Condo
2,000
4,000
6,000
8,000
10,000
12,000
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
2010 2011 2012
- 23.7%- 26.9%- 18.0%- 30.3%2010 2011 2012
+ 1.7% - 7.5%
Months Supply of Inventory
Months SupplySingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
August 2011 7.3 -40.1% 8.5 -40.1%
September 2011 7.1 -43.3% 8.5 -39.1%
October 2011 7.1 -44.1% 8.2 -41.9%
November 2011 7.1 -41.0% 8.3 -40.0%
December 2011 6.7 -39.6% 8.0 -38.0%
January 2012 6.6 -40.5% 7.9 -37.6%
February 2012 6.4 -38.3% 7.5 -37.9%
March 2012 6.2 -37.2% 7.3 -36.8%
April 2012 6.0 -38.0% 7.1 -35.7%
May 2012 5.9 -36.1% 6.7 -36.1%
June 2012 5.8 -29.5% 6.6 -31.3%
July 2012 6.0 -22.7% 6.8 -24.8%
12-Month Avg.* 6.5 -38.3% 7.6 -37.2%
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
11.9
14.1
7.79.0
6.06.8
July
2010 2011 2012
24 8%36 0%22 7%- 35 2%2010 2011 2012
6 8% 30 1%12 Month Avg. 6.5 38.3% 7.6 37.2%
* Months Supply for all properties from August 2011 through July 2012. This is not the Average of the individual figures above.
Historical Months Supply of Inventory by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of August 12, 2012. All data from the My Florida Regional Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 13
Single-Family Townhouse-Condo
5.0
10.0
15.0
20.0
25.0
30.0
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
2010 2011 2012
- 24.8%- 36.0%- 22.7%- 35.2%2010 2011 2012
- 6.8% - 30.1%
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