July showed a sharp drop off in sales compared to the last several months. Prices have also tumbled just as far. In my opinion, the next 12 months will be the best buying time in this area in the past decade. I believe that many people are surviving through the summer on rental income and once that disappears we will see further price drops. It looks like many people are holding off to buy when this happens.
We are finally hearing better things in the media about the housing market and overall economy. I don't think the bottom is too far off at this point. We all know that the worst is usually over before you realize it is.
Sales and Inventory Report
Category - Detached Single Family Statistics for Entire MLS from 1/1/2006 - 12/31/2008
Areas :14,15,16,17,18
Month Year Monthly Sales Avg List $ Avg Sale $ Median Sold $ Avg DOM % Sold/List Current Inventory Months Inventory
January
2006
42
$944,555
$877,819
$509,500
148.16
92.93%
1829
43.54
February
2006
49
$804,299
$756,378
$425,000
129.93
94.04%
1938
39.55
March
2006
64
$795,214
$738,496
$508,500
127.73
92.86%
2088
32.62
April
2006
42
$1,213,502
$1,084,967
$610,000
130.33
89.40%
2324
55.33
May
2006
59
$821,216
$757,928
$520,000
166.62
92.29%
2489
42.18
June
2006
60
$801,315
$717,626
$530,500
140.91
89.55%
2580
43.00
July
2006
68
$872,029
$785,669
$594,500
154.73
90.09%
2648
38.94
August
2006
58
$947,416
$893,224
$697,500
151.72
94.27%
2596
44.75
September
2006
47
$1,104,089
$1,044,400
$600,000
122.68
94.59%
2611
55.55
October
2006
54
$1,198,674
$1,085,905
$642,500
150.01
90.59%
2515
46.57
November
2006
34
$890,405
$821,695
$540,000
199.52
92.28%
2409
70.85
December
2006
41
$992,745
$908,699
$675,000
176.07
91.53%
2366
57.70
Annual:
618
$937,408
$861,960
558,750
148
91.95%
2366
47.55
Month Year Monthly Sales Avg List $ Avg Sale $ Median Sold $ Avg DOM % Sold/List Current Inventory Months Inventory
January
2007
35
$986,548
$878,286
$700,000
196.51
89.02%
2246
64.17
February
2007
45
$872,323
$755,832
$560,000
217.13
86.64%
2325
51.66
March
2007
61
$927,461
$849,824
$521,000
208.06
91.62%
2427
39.78
April
2007
66
$927,835
$851,846
$517,000
176.06
91.81%
2543
38.53
May
2007
67
$962,431
$852,637
$531,000
232.10
88.59%
2663
39.74
June
2007
74
$1,169,505
$1,051,423
$559,250
192.72
89.90%
2713
36.66
July
2007
72
$991,276
$885,040
$612,500
210.56
89.28%
2754
38.25
August
2007
66
$1,021,511
$905,199
$466,000
215.36
88.61%
2736
41.45
September
2007
48
$841,265
$776,862
$527,500
154.52
92.34%
2719
56.64
October
2007
49
$830,587
$769,904
$527,000
209.86
92.69%
2620
53.46
November
2007
39
$1,011,455
$891,039
$475,000
162.83
88.09%
2613
67.00
December
2007
51
$826,026
$742,499
$513,500
213.04
89.88%
2552
50.03
Annual:
673
$944,373
$848,371
518,500
201
89.87%
2575
48.11
Month Year Monthly Sales Avg List $ Avg Sale $ Median Sold $ Avg DOM % Sold/List Current Inventory Months Inventory
January
2008
46
$717,685
$660,467
$385,500
203.53
92.02%
2455
53.36
February
2008
49
$716,614
$606,238
$432,500
246.77
84.59%
2451
50.02
March
2008
64
$613,950
$554,810
$415,750
190.84
90.36%
2454
38.34
April
2008
66
$875,643
$771,943
$429,150
252.14
88.15%
2469
37.40
May
2008
81
$742,771
$659,038
$438,000
185.97
88.72%
2486
30.69
June
2008
85
$830,923
$731,335
$485,000
210.81
88.01%
2479
29.16
July
2008
51
$693,112
$611,022
$430,000
181.22
88.15%
2418
47.41
August
2008
0
0
0
0
0.00
0.00%
2368
0.00
September
2008
0
0
0
0
0.00
0.00%
2369
0.00
October
2008
0
0
0
0
0.00
0.00%
2369
0.00
November
2008
0
0
0
0
0.00
0.00%
2369
0.00
December
2008
0
0
0
0
0.00
0.00%
2369
0.00
Annual:
442
$758,579
$671,942
430,000
204
88.50%
1434
23.86
Annual:
2006 - 2008
1733
$897,138
$810,609
515,000
183
90.35%
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Josh McLean
Santa Rosa Beach ,
FL
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Clay and Company,LLC
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