Wow, what a difference all the pre-construction sales of the past made. The condo market remains pretty flat at this point and won't turn until after detached homes do. It could be a while before the stability is back in the condo market, but there are some hurting sellers out there.
These are Condos between Destin and Inlet Beach.
Sales and Inventory Report
Category - Condominiums
Statistics for Entire MLS from 1/1/2006 - 12/31/2008
MonthYearMonthly SalesAvg List $Avg Sale $Avg DOMDiscountCurrent InventoryMonths Inventory
January
2006
101
$366,592
$352,421
32.59
4.02%
2458
24.33
February
2006
72
$360,010
$339,241
54.29
6.12%
2637
36.62
March
2006
69
$616,396
$584,043
146.78
5.53%
2868
41.56
April
2006
53
$636,721
$577,793
123.16
10.19%
3206
60.49
May
2006
63
$566,961
$518,750
103.88
9.29%
3412
54.15
June
2006
71
$692,442
$650,855
144.59
6.38%
3549
49.98
July
2006
204
$482,148
$467,478
136.82
3.13%
3595
17.62
August
2006
175
$629,118
$611,276
132.86
2.91%
3533
20.18
September
2006
87
$650,243
$615,947
312.57
5.56%
3408
39.17
October
2006
77
$657,777
$638,942
374.84
2.94%
3257
42.29
November
2006
53
$730,598
$697,011
138.90
4.81%
3184
60.07
December
2006
30
$673,999
$618,960
237.64
8.89%
3115
103.83
Total:
1055
$567,508
$540,729
149.15
5.82%
3185
45.86
MonthYearMonthly SalesAvg List $Avg Sale $Avg DOMDiscountCurrent InventoryMonths Inventory
January
2007
269
$511,627
$499,668
211.80
2.39%
2987
11.10
February
2007
109
$475,540
$458,366
270.15
3.74%
3065
28.11
March
2007
148
$479,263
$468,256
231.69
2.35%
3186
21.52
April
2007
81
$542,624
$518,573
268.78
4.63%
3347
41.32
May
2007
94
$771,954
$715,981
243.81
7.81%
3359
35.73
June
2007
124
$985,677
$932,906
212.87
5.65%
3409
27.49
July
2007
86
$891,493
$840,552
272.18
6.06%
3356
39.02
August
2007
59
$741,864
$698,110
231.95
6.26%
3329
56.42
September
2007
47
$711,240
$667,100
197.84
6.61%
3210
68.29
October
2007
39
$802,089
$740,141
197.02
8.36%
3102
79.53
November
2007
37
$673,362
$599,382
297.30
12.34%
2965
80.13
December
2007
46
$581,998
$530,331
289.50
9.74%
2864
62.26
Total:
2194
$608,336
$578,577
374.15
12.15%
6366
91.77
MonthYearMonthly SalesAvg List $Avg Sale $Avg DOMDiscountCurrent InventoryMonths Inventory
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