October Market Report for Residential Bay County, Florida

By
Real Estate Agent with Keller Williams Success Realty

The numbers are in and it looks as if October's numbers the lowest in the last four years.  Per the local MLS, there were 144 solds with a difference of list price to sold price of 91.41% at an average sold price of $235,860.  Assuming no new properties were listed and based on the number of properties sold this month, it would take over 32 months to sell all the 4637 properties currently in the market.  The positive number to look at is that inventory was at the lowest number since August of 2005 which had 4591 properties on the market and lower than July 2006 which recorded a high of 6743 residential properties on the market. 

 

October 2008 144 $258,036 $235,860 91.41% 144.0 4637

32.20

October 2007 220 $287,517 $272,340 94.72% 114.0 5458 24.81
October 2006 195 $259,735 $243,267 93.66% 136.0 6430 32.97
October 2005 271 $271,771 $262,233 96.49% 103.0 5170 19.08

These numbers were taken from the local MLS Statistics and is not guaranteed.

 

 

 

 

 

 

 

 

 

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