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Destin Home Sales and Inventory Stats for July (Destin-Inlet Beach)

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%

Posted by Josh McLean on 08/03/2008 04:16 PM

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