Here is the Sales and Inventory history for January, 2008. This includes all single family homes between Destin and Inlet Beach. In my 2008 forecast I said that January would be a key indicator as to where we are headed this year.
As you can see we jumped up 6 sales over January, 2007. I think that's a great sign for what's to come this year. You can see a dramatic decrease in the average sales price. The lower end market is really beginning to move and I think the other markets will soon follow. Please let me know if you have any questions.
Josh
| Sales and Inventory Report |
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Category - Detached Single Family
Statistics for Entire MLS from 1/1/2007 - 12/31/2008
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| Month | Year | Monthly Sales | Avg List $ | Avg Sale $ | Avg DOM | Discount | Current Inventory | Months Inventory |
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| January | 2007 | 35 | $986,548 | $878,286 | 196.51 | 12.32% | 2232 | 63.77 |
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| February | 2007 | 45 | $872,323 | $755,832 | 217.13 | 15.41% | 2310 | 51.33 |
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| March | 2007 | 61 | $927,461 | $849,824 | 208.06 | 9.13% | 2410 | 39.50 |
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| April | 2007 | 66 | $927,835 | $851,846 | 176.06 | 8.92% | 2523 | 38.22 |
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| May | 2007 | 66 | $973,392 | $862,040 | 235.29 | 12.91% | 2643 | 40.04 |
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| June | 2007 | 74 | $1,169,505 | $1,051,423 | 192.72 | 11.23% | 2691 | 36.36 |
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| July | 2007 | 72 | $991,276 | $885,040 | 210.56 | 12.00% | 2727 | 37.87 |
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| August | 2007 | 66 | $1,021,511 | $905,199 | 215.36 | 12.84% | 2699 | 40.89 |
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| September | 2007 | 46 | $864,355 | $797,813 | 160.47 | 8.34% | 2666 | 57.95 |
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| October | 2007 | 49 | $830,587 | $749,496 | 209.86 | 10.81% | 2560 | 52.24 |
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| November | 2007 | 39 | $1,011,455 | $891,039 | 162.83 | 13.51% | 2532 | 64.92 |
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| December | 2007 | 49 | $850,256 | $763,407 | 220.29 | 11.37% | 2450 | 50.00 |
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| Total: | 668 | $962,190 | $863,116 | 200.43 | 11.57% | 2536 | 47.76 |
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| Month | Year | Monthly Sales | Avg List $ | Avg Sale $ | Avg DOM | Discount | Current Inventory | Months Inventory |
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| January | 2008 | 41 | $762,417 | $701,000 | 214.20 | 8.76% | 2326 | 56.73 |
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| Total: | 41 | $762,417 | $701,000 | 107.10 | 0.73% | 193 | 4.72 |
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| Grand Total: | 2007 - 2008 | 709 | $950,638 | $853,741 | 201.49 | 12.30% | 2730 |
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;)
;)
