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May Market Stats for Destin through Inlet Beach (Homes)

By Josh McLean

Real Estate Agent with Clay and Company,LLC

June 05, 2008 07:41 AM

Here are the sales and inventory statistics for the month of May. The activity continues to pick up at this time. Sales continue to increase and we have over 100 pending sales awaiting closing. The short sale process has really delayed closings, but it's a matter of time before that all changes. The inventory is around 200 properties lower than that of May 2007. The market is really beginning to show a turn for the better. These stats are from Destin through Inlet Beach.

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 $	Avg DOM	% Sold/List	Current Inventory	Months Inventory
January	2006	42	$944,555	$877,819	148.16	92.93%	1828	43.52
February	2006	49	$804,299	$756,378	129.93	94.04%	1937	39.53
March	2006	64	$795,214	$738,496	127.73	92.86%	2087	32.60
April	2006	42	$1,213,502	$1,084,967	130.33	89.40%	2323	55.30
May	2006	59	$821,216	$757,928	166.62	92.29%	2488	42.16
June	2006	60	$801,315	$717,626	140.91	89.55%	2578	42.96
July	2006	68	$872,029	$785,669	154.73	90.09%	2646	38.91
August	2006	58	$947,416	$893,224	151.72	94.27%	2592	44.68
September	2006	47	$1,104,089	$1,044,400	122.68	94.59%	2607	55.46
October	2006	54	$1,198,674	$1,085,905	150.01	90.59%	2511	46.50
November	2006	34	$890,405	$821,695	199.52	92.28%	2405	70.73
December	2006	41	$992,745	$908,699	176.07	91.53%	2362	57.60
Total:		618	$937,408	$861,960	148	91.95%	2363	47.50

Month	Year	Monthly Sales	Avg List $	Avg Sale $	Avg DOM	% Sold/List	Current Inventory	Months Inventory
January	2007	35	$986,548	$878,286	196.51	89.02%	2241	64.02
February	2007	45	$872,323	$755,832	217.13	86.64%	2320	51.55
March	2007	61	$927,461	$849,824	208.06	91.62%	2422	39.70
April	2007	66	$927,835	$851,846	176.06	91.81%	2538	38.45
May	2007	67	$962,431	$852,637	232.10	88.59%	2658	39.67
June	2007	74	$1,169,505	$1,051,423	192.72	89.90%	2707	36.58
July	2007	72	$991,276	$885,040	210.56	89.28%	2747	38.15
August	2007	66	$1,021,511	$905,199	215.36	88.61%	2727	41.31
September	2007	48	$841,265	$776,862	154.52	92.34%	2704	56.33
October	2007	49	$830,587	$769,904	209.86	92.69%	2604	53.14
November	2007	39	$1,011,455	$891,039	162.83	88.09%	2591	66.43
December	2007	51	$826,026	$742,499	213.04	89.88%	2525	49.50
Total:		673	$944,373	$848,371	201	89.87%	2565	47.90

Month	Year	Monthly Sales	Avg List $	Avg Sale $	Avg DOM	% Sold/List	Current Inventory	Months Inventory
January	2008	46	$717,685	$660,467	203.53	92.02%	2426	52.73
February	2008	49	$716,614	$606,238	246.77	84.59%	2412	49.22
March	2008	64	$613,950	$554,810	190.84	90.36%	2407	37.60
April	2008	65	$867,653	$763,050	243.68	87.94%	2415	37.15
May	2008	69	$748,318	$661,872	199.14	88.44%	2425	35.14
June	2008	0	0	0	0.00	0.00%	2407	0.00
July	2008	0	0	0	0.00	0.00%	2407	0.00
August	2008	0	0	0	0.00	0.00%	2407	0.00
September	2008	0	0	0	0.00	0.00%	2407	0.00
October	2008	0	0	0	0.00	0.00%	2407	0.00
November	2008	0	0	0	0.00	0.00%	2407	0.00
December	2008	0	0	0	0.00	0.00%	2407	0.00
Total:		293	$744,062	$660,481	210	88.58%	1007	17.65

Grand Total:	2006 - 2008	1584	$908,357	$822,221	182	90.51%	1978

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May Market Stats for Destin through Inlet Beach (Homes)

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