GARETT HUBER
REALTOR®, CLHMS
Compass Florida 850.830.1801 garett@livebythebeach.com www.garetthuber.livebythebeach.com
A full-time Realtor within Santa Rosa Beach and surrounding areas, Garett offers a wealth of knowledge and experience that is unsurpassed. Garett’s keen insight into vacation homes, as well as investment properties is why he is able to adapt to the ever-changing real estate market.
Garett’s experience is why his clients are excited to refer his services to their family, friends and colleagues. Garett’s strengths are prompt communication, service to his clients, as well as trust and commitment.
Originally from New Orleans, Garett moved to the South Walton area over 25 years ago to start up a closet organization business during the housing boom in the early 2000’s. After many years as a successful business owner, Garett decided to enter into the real estate industry to continue working with homeowners where he has found the greatest fulfillment.
“The Most Trusted Realtor Along the Emerald Coast”
Walton
Economists' note : CashSalescanbeausefulindicatoroftheextentto whichinvestorsareparticipatinginthemarket. Why? Investorsare farmorelikelytohavethefundstopurchaseahomeavailableupfront, whereasthetypicalhomebuyerrequiresamortgageorsomeother formoffinancing. Thereare,ofcourse,manypossibleexceptions,so thisstatisticshouldbeinterpretedwithcare.
Month Cash Sales Percent Change Year-over-Year
Cash
Economists' note : Thisstatisticissimplyanotherwayofviewing CashSales. TheremainingpercentagesofClosedSales(i.e.thosenot paidfullyincash)eachmonthinvolvedsomesortoffinancing,suchas mortgages,owner/sellerfinancing,assumedloans,etc.
September 2022 71 -19.3% August 2022 75 -25.7% July 2022 60 -40.0%
June 2022
April 2022 98 -29.0% March 2022 134 2.3%
95 -30.1% May 2022 91 -27.8% February 2022 75 -5.1%
Year-to-Date 792 -17.8% 122 32.6%
September 2021 88 -13.7%
Month Percent
of Closed
September 2022 26.7% 3.9% August 2022 25.2% -8.0% July 2022 22.3% -16.5% June 2022 25.5% -22.7% 13.9%
May 2022 28.2% -5.1% April 2022 27.9% -11.4% March 2022 30.1% -4.1% February 2022 23.7% 0.0% January 2022 29.4% 27.8%
November 2021 25.7% 7.1%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0% 5% 10% 15% 20% 25% 30% 35% Pct. of Closed Sales Paid in Cash 0 50 100 150 Cash Sales Monthly Market Detail September 2022 2018 2019 2020 2021 2022
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
Year-to-Date 26.8% -5.6% Sales
Paid in Cash Percent Change Year-over-Year
October 2021 28.1% 6.8% September 2021
County Single Family Homes Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash 2018 2019 2020 2021 2022
Sales
Percentage
Closed
December 2021 28.9% The percentage of Closed Sales during the month which were Cash Sales
January 2022 93 43.1% December 2021 102 20.0% October 2021 100 -2.0% 19.9% November 2021 29.5%
as a
of
Sales
Economists' note : MedianSalePriceisourpreferredsummary statisticforpriceactivitybecause,unlikeAverageSalePrice,Median SalePriceisnotsensitivetohighsalepricesforsmallnumbersof homesthatmaynotbecharacteristicofthemarketarea. Keepinmind thatmedianpricetrendsovertimearenotalwayssolelycausedby changesinthegeneralvalueoflocalrealestate. Mediansalepriceonly reflectsthevaluesofthehomesthat sold eachmonth,andthemixof thetypesofhomesthatsellcanchangeovertime.
Month
Median Sale Price Percent Change Year-over-Year
Year-to-Date $706,938 1.7%
September 2022 $596,972 -15.3%
August 2022 $666,995 -7.4%
July 2022 $619,537 -1.3%
June 2022 $687,000 -4.9% May 2022 $806,300 11.6%
April 2022 $810,000 11.7%
March 2022 $809,000 11.6%
February 2022 $720,000 14.3%
January 2022 $710,000 9.2% December 2021 $737,500 14.3%
November 2021 $753,750 31.1% October 2021 $718,000 21.7% September 2021 $705,000 11.0%
Economists' note : Usually,wepreferMedianSalePriceoverAverage SalePriceasasummarystatisticforhomeprices. However,Average SalePricedoeshaveitsuses—particularlywhenitisanalyzed alongsidetheMedianSalePrice. Forone,therelativedifference betweenthetwostatisticscanprovidesomeinsightintothemarketfor higher-endhomesinanarea.
Month
Average Sale Price Percent Change Year-over-Year
14.9%$1,280,443Year-to-Date
September 2022 $1,163,757 7.5%
August 2022 $1,347,311 25.7%
July 2022 $1,075,394 0.6%
May 2022 $1,325,519 14.2%
April 2022 $1,381,776 21.1%
March 2022 $1,353,437 11.7%
February 2022 $1,107,091 2.6% January 2022 $1,098,342 6.9%
December 2021 $1,250,381 17.6% November 2021 $1,110,182
June 2022 $1,537,775 35.4% 15.2%
October 2021 $1,055,051 6.9% September 2021 $1,082,885 3.8%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S $0K $500K $1000K $1500K $2000K Average Sale Price $0K $200K $400K $600K $800K $1000K Median Sale Price Monthly Market Detail September 2022 2018 2019 2020 2021 2022
Single Family Homes
The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) 2018 2019 2020 2021 2022 Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
Walton County
Median Sale Price
Monthly Market Detail September 2022 2018 2019 2020 2021 2022
$0 $100 M $200 M $300 M $400 M $500 M $600 M $700 M Dollar Volume
Month
Dollar Volume Percent Change Year-over-Year
September 2022 $309.6 Million -16.7%
August 2022 $401.5 Million 1.5%
July 2022 $289.3 Million -27.6%
June 2022 $573.6 Million 22.6%
Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month
Produced
Walton County Single Family Homes Dollar Volume The sum of the sale prices for all sales which closed during the month 2018 2019 2020 2021 2022
May 2022 $428.1 Million -13.0%
April 2022 $485.0 Million -3.0%
Year-to-Date $3.8 Billion 0.1% -2.6%
March 2022 $602.3 Million 19.2% February 2022 $349.8 Million
Economists' note : DollarVolumeissimplythesumofallsaleprices inagiventimeperiod,andcanquicklybecalculatedbymultiplying ClosedSalesbyAverageSalePrice. Itisastrongindicatorofthehealth oftherealestateindustryinamarket,andisofparticularinterestto realestateprofessionals,investors,analysts,andgovernmentagencies. Potentialhomesellersandhomebuyers,ontheotherhand,willlikely bebetterservedbypayingattentiontotrendsinthetwocomponents ofDollarVolume(i.e.salesandprices)individually. 0.0%100.0%
Economists' note : TheMedianPercentofOriginalListPriceReceived isusefulasanindicatorofmarketrecovery,sinceittypicallyrisesas buyersrealizethatthemarketmaybemovingawayfromthemand theyneedtomatchthesellingprice(orbetterit)inordertogeta contractonthehouse. Thisisusuallythelastmeasuretoindicatea markethasshiftedfromdowntoup,soitiswhatwewouldcalla lagging indicator.
DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
$527.7 Million 30.3%
September 2021 $371.4 Million -16.2%
Year-to-Date
September 2022 97.5% -2.5%
August 2022 100.0% 0.0%
July 2022 100.0% 0.0%
May 2022 100.0% 0.0%
April 2022 100.0% 0.0%
March 2022 100.0% 0.0%
February 2022 100.0% 0.0% January 2022 99.2% -0.4%
June 2022 100.0% 0.0% 0.3%
October 2021 99.7% 1.3% September 2021
November 2021 100.0% 3.0%
January 2022 $347.1 Million 19.4% December 2021 $384.1 Million 21.6% October 2021 $375.6 Million -1.9% -0.5% November 2021 98.8% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0% 20% 40% 60% 80% 100% 120% Med. Pct. of Orig. List Price Received
byFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth.
Month Med. Pct. of Orig. List Price Received Percent Change Year-over-Year
December 2021 98.7% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
Month
Median Time to Contract Percent Change Year-over-Year
14 Days 40.0%Year-to-Date
September 2022 32 Days 166.7%
August 2022 20 Days 100.0%
July 2022
13 Days 62.5%
June 2022 11 Days 120.0%
Economists' note : LikeTimetoSale,TimetoContractisameasureof thelengthofthehomesellingprocesscalculatedforsaleswhichclosed duringthemonth. ThedifferenceisthatTimetoContractmeasures thenumberofdaysbetweentheinitiallistingofapropertyandthe signingofthecontractwhicheventuallyledtotheclosingofthesale. WhenthegapbetweenMedianTimetoContractandMedianTimeto Salegrows,itisusuallyasignoflongerclosingtimesand/ordeclining numbersofcashsales.
Economists' note : TimetoSaleisameasureofthelengthofthehome sellingprocess,calculatedasthenumberofdaysbetweentheinitial listingofapropertyandtheclosingofthesale. Median TimetoSaleis theamountoftimethe"middle"propertysellingthismonthwason themarket. Thatis,50%ofhomessellingthismonthtook less timeto sell,and50%ofhomestook more timetosell. MedianTimetoSale givesamoreaccuratepicturethanAverageTimetoSale,whichcanbe skewedupwardbysmallnumbersofpropertiestakinganabnormally longtimetosell.
March 2022 8 Days -33.3%
February 2022 15 Days -31.8%
January 2022 25 Days -13.8%
May 2022 8 Days 33.3% April 2022 7 Days 16.7% 17 Days -22.7%
November 2021 15 Days -11.8%
December 2021 October 2021 17 Days -41.4% September 2021 12 Days -68.4%
Month
Median Time to Sale Percent Change Year-over-Year
September 2022 94 Days 30.6% 19.4%80 DaysYear-to-Date
August 2022 91 Days 35.8%
June 2022 69 Days 25.5%
May 2022 56 Days -5.1% April 2022 63 Days 8.6% March 2022 65 Days -3.0% February 2022 90 Days 4.7%
January 2022 90 Days -7.2% December 2021 76 Days
July 2022 81 Days 26.6% -10.6%
November 2021 80 Days 6.7%
October 2021 72 Days -13.3%
September 2021 72 Days -16.3%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0 50 100 150 200 Median Time to Sale 0 20 40 60 80 100 Median Time to Contract Monthly Market Detail September 2022 2018 2019 2020 2021 2022
Single
The median
of days between the listing date and contract date for all Closed Sales during the month 2018 2019 2020 2021 2022
The median
of days between the listing date and closing date for all
Sales during the month
Walton County
Family Homes Median Time to Contract
number
Median Time to Sale
number
Closed
Month
New Pending Sales
Monthly Market Detail September 2022 2018 2019 2020 2021 2022
Percent Change Year-over-Year
Year-to-Date 2,792 -24.9%
September 2022 232 -35.6%
August 2022 237 -36.5% July 2022 232 -32.2%
Economists' note : Becauseofthetypicallengthoftimeittakesfora saletoclose,economistsconsiderPendingSalestobeadecent indicatorofpotentialfutureClosedSales. Itisimportanttobearin mind,however,thatnotallPendingSaleswillbeclosedsuccessfully. So,theeffectivenessofPendingSalesasafutureindicatorofClosed Salesissusceptibletochangesinmarketconditionssuchasthe availabilityoffinancing forhomebuyersandtheinventoryof distressedpropertiesforsale.
0 100 200 300 400 500 600 Pending Sales
June 2022 235 -39.0% May 2022 309 -24.3%
April 2022 364 -22.6% March 2022 402 -14.6%
February 2022 360 -18.4%
January 2022 421 -9.7% December 2021 359 4.7% November 2021 365 0.0% October 2021 374 -9.4% September 2021 360 -17.1%
New Listings The number of properties put onto the market during the month
Economists' note : NewListingstendtoriseindelayedresponseto increasingprices,sotheyareoftenseenasalaggingindicatorof markethealth. Aspricesrise,potentialsellersraisetheirestimations ofvalue—andinthemostrecentcycle,risingpriceshavefreedup manypotentialsellerswhowerepreviouslyunderwaterontheir mortgages. Notethatinourcalculations,wetakecaretonotinclude propertiesthatwererecentlytakenoffthemarketandquicklyrelisted, sincethesearenotreally new listings.
Walton County Single Family Homes New Pending Sales The number of listed properties that went under contract during the month 2018 2019 2020 2021 2022
October20,2022.NextdatareleaseisFriday,November18,2022.
Month
September 2022 346 -11.3% August 2022 416 -7.8% July 2022 362 -23.9% June 2022 489 9.2% 379 1.6%
January 2022 297 -19.3%
December 2021 303 4.5% November 2021 370 7.2%
September 2021 390 5.7%
May 2022 473 -1.7% April 2022 457 -15.8% March 2022 510 19.4% February 2022 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0 100 200 300 400 500 600 New Listings
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,
New Listings Percent Change Year-over-Year
Year-to-Date 3,729 -5.8% October 2021 370 -14.5% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
Month Inventory Percent Change Year-over-Year
September 2022 1,188 70.9% 766 47.1%YTD (Monthly Avg) August 2022 1,152 68.7% July 2022 1,049 63.1%
Economists' note : Thereareanumberofwaystodefineandcalculate Inventory. Ourmethodistosimplycountthenumberofactivelistings onthelastdayofthemonth,andholdthisnumbertocomparewiththe samemonththefollowingyear. InventoryriseswhenNewListingsare outpacingthenumberoflistingsthatgooff-market(regardlessof whethertheyactuallysell). Likewise,itfallswhenNewListingsaren't keepingupwiththerateatwhichhomesaregoingoff-market.
Economists' note : MSIisausefulindicatorofmarketconditions. The benchmarkforabalancedmarket(favoringneitherbuyernorseller)is 5.5monthsofinventory. Anythinghigheristraditionallyabuyers' market,andanythinglowerisasellers'market. Thereisnosingle acceptedwayofcalculatingMSI. Acommonmethodistodivide currentInventorybythemostrecentmonth'sClosedSalescount,but thiscountisausuallypoorpredictoroffutureClosedSalesdueto seasonalcycles. Toeliminateseasonaleffects,weusethe12-month averageofmonthlyClosedSalesinstead.
October20,2022.NextdatareleaseisFriday,November18,2022.
June 2022 955
79.8% May 2022 711 42.5% April 2022 568 38.9%
March 2022 493 42.1% February 2022 388 -2.0% January 2022 388 -19.7% December 2021
523 -14.0%
September 2021 695 -5.8%
Month Months Supply Percent Change Year-over-Year
YTD (Monthly Avg) 2.1 50.0%
September 2022 3.5 84.2% August 2022 3.3 83.3%
July 2022 3.0 76.5% June 2022 2.6 100.0%
May 2022 2.0 53.8% April 2022 1.5 36.4%
March 2022 1.3 30.0% February 2022 1.0 -9.1%
January 2022 1.0 -28.6% December 2021 1.4 -26.3%
November 2021 1.6 -27.3% October 2021 1.7
November 2021 599 -12.9% October 2021 636 -12.8% -26.1%
September 2021 1.9 -24.0%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Months Supply of Inventory 0 500 1,000 1,500 2,000 Inventory Monthly Market Detail September 2022 2018 2019 2020 2021 2022 Walton County Single Family Homes Inventory (Active Listings) The number of property listings active at the end of the month 2018 2019 2020 2021 2022 Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately representedbyyear-over-yearchanges(i.e.comparingamonth'ssales totheamountofsalesinthesamemonthinthepreviousyear),rather thanchangesfromonemonthtothenext.
Sale Price
Closed Sales Percent Change Year-over-Year
Less than $50,000 0 -100.0% $50,000 - $99,999 1 -50.0%
$100,000 - $149,999 1 -66.7%
$150,000 - $199,999 2 -75.0% $200,000 - $249,999 5 -54.5%
$50,000 $50,000$99,999 $100,000$149,999 $150,000$199,999 $200,000$249,999 $250,000$299,999 $300,000$399,999 $400,000$599,999 $600,000$999,999 $1,000,000 or more
Economists' note : LikeTimetoSale,TimetoContractisameasureof thelengthofthehomesellingprocesscalculatedforsaleswhichclosed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Salegrows,itisusuallyasignoflongerclosingtimesand/ordeclining numbersofcashsales.
$1,000,000 or more 85 -18.3%
Sale Price
Median Time to Contract Percent Change Year-over-Year
Less than $50,000 (No Sales) N/A
$250,000 - $299,999 24 140.0% $300,000 - $399,999 26 -55.2% $50,000 - $99,999 14 Days -71.4% $100,000 - $149,999
$400,000 - $599,999 75 29.3% $600,000 - $999,999 47 -46.6% 6 Days -93.6%
$150,000 - $199,999 133 Days 1008.3%
$200,000 - $249,999 22 Days 57.1% $250,000 - $299,999
16 Days 60.0%
$300,000 - $399,999 14 Days -30.0%
$400,000 - $599,999 27 Days 350.0%
$600,000 - $999,999 32 Days 220.0%
$1,000,000 or more 44 Days 193.3%
$99,999 $100,000$149,999 $150,000$199,999 $200,000$249,999 $250,000$299,999 $300,000$399,999 $400,000$599,999 $600,000$999,999 $1,000,000 or more
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
0 20 40 60 80 100 120 140 Less than
Median Time to Contract September
September
0 20 40 60 80 100 120 140 0 20 40 60 80 100 120 Less
Closed Sales
0 20 40 60 80 100
Monthly Market Detail September 2022 Walton County Single Family Homes Closed Sales by Sale Price The number of sales transactions which closed during the month Median Time to Contract by Sale Price The median number of days between the listing date and contract date for all Closed Sales during the month
$50,000 $50,000
2021
2022
than
September 2021 September 2022
120
Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include propertiesthatwererecentlytakenoffthemarketandquicklyrelisted, sincethesearenotreally new listings.
September 2021 September 2022
Initial Listing Price New Listings Percent Change Year-over-Year
Less than $50,000 0 -100.0%
$50,000 - $99,999 0 -100.0%
$100,000 - $149,999 6 500.0%
$150,000 - $199,999 4 -20.0%
$200,000 - $249,999 9 -35.7%
$250,000 - $299,999 17 -51.4%
$300,000 - $399,999 19 -55.8% $400,000 - $599,999 49 -18.3%
$600,000 - $999,999 73 -23.2% $1,000,000 or more 169 25.2%
Less than $50,000 $50,000$99,999 $100,000$149,999 $150,000$199,999 $200,000$249,999 $250,000$299,999 $300,000$399,999 $400,000$599,999 $600,000$999,999 $1,000,000 or more
Current Listing Price Inventory Percent Change Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 3 -40.0% $100,000 - $149,999 4 0.0%
Economists' note : Thereareanumberofwaystodefineandcalculate Inventory. Ourmethodistosimplycountthenumberofactivelistings onthelastdayofthemonth,andholdthisnumbertocomparewiththe samemonththefollowingyear. InventoryriseswhenNewListingsare outpacing the number of listings that go off-market (regardless of whethertheyactuallysell). Likewise,itfallswhenNewListingsaren't keepingupwiththerateatwhichhomesaregoingoff-market.
$150,000 - $199,999 10 66.7% $200,000 - $249,999 24 60.0% $250,000 - $299,999 36 -5.3% $300,000 - $399,999 45 -23.7% $400,000 - $599,999 206 160.8%
$600,000 - $999,999 191 14.4% $1,000,000 or more 669 107.8%
than $50,000 $50,000$99,999 $100,000$149,999 $150,000$199,999 $200,000$249,999 $250,000$299,999 $300,000$399,999 $400,000$599,999 $600,000$999,999 $1,000,000 or
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLS
onthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
feeds
300 400 500 600 700 800
Inventory
0 20 40 60 80 100 120 140 160 180
New Listings
0 100 200
Less
more
September 2021 September 2022
0 100 200 300 400 500 600 700 800 0 20 40 60 80 100 120 140 160
Monthly Market Detail September 2022
Single Family Homes New Listings
Initial Listing Price
properties
by Current Listing Price
of property listings
180
Walton County
by
The number of
put onto the market during the month Inventory
The number
active at the end of the month
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price
Short Sale 0 0 N/A (No Sales) (No Sales) N/A Foreclosure/REO 0 1 -100.0% (No Sales) $340,000 N/A September 2022 September 2021 Percent Change Year-over-Year Traditional 266 342 -22.2% $596,972 $706,000 -15.4% $0K $1000K $2000K $3000K $4000K $5000K $6000K $7000K $8000K Median Sale Price 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Closed Sales Traditional Foreclosure/REO Short Sale J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S Monthly Distressed Market September 2022 Walton County Single-Family Homes 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
December 2021 129 November 2021 106 -2.3% -17.8% -29.4% 2018 2019 2020 2021
200 Closed Sales
150
100
2022 50
-14.9% October 2021 Monthly Market Detail September 2022 Walton County Townhouses and Condos Closed Sales The number of sales transactions which closed during the month 0
-28.1% -25.0% -17.1% 0.0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
Year-to-Date
Closed Sales
58 Days
Summary Statistics Closed Sales Paid in Cash 96.0% September 2022 $629,500Median Sale Price Average Sale Price Dollar Volume Median Percent of Original List Price Received $532,000 18.3% $61.2 Million $66.7 Million -8.2% $873,881 $653,560 33.7% September 2021 Percent Change Year-over-Year 26 36
70 102
98.6%
30 Days 12 Days 150.0% September 2022 Median Time to Contract 70 Days 61 Median Time to Sale New Pending Sales New Listings Month 86 Pending Inventory 173 Inventory (Active Listings) 311 Months Supply of Inventory 3.0 20.7% 86 -29.1% Percent Change Year-over-Year 84
115
126
148
925 -24.6% -31.4% 108 -20.4%
70
139 24.5% 270 15.2% 2.0 50.0%
-27.8%
-31.4%
-2.6%
September 2021 102 February 2022 116 January 2022 112 May 2022
April 2022
March 2022
Economists' note : ClosedSalesareoneofthesimplest—yetmost important—indicatorsfortheresidentialrealestatemarket. When comparingClosedSalesacrossmarketsofdifferentsizes,we recommendcomparingthepercentchangesinsalesratherthanthe numberofsales. ClosedSales(andmanyothermarketmetrics)are affectedbyseasonalcycles,soactualtrendsaremoreaccurately representedbyyear-over-yearchanges(i.e.comparingamonth'ssales totheamountofsalesinthesamemonthinthepreviousyear),rather thanchangesfromonemonthtothenext.
August 2022 68 -25.3% -45.9% -34.2% July 2022 66 June 2022 104 -17.1%
Walton
County Townhouses and Condos Cash Sales
Month Cash Sales Percent Change Year-over-Year
Economists' note : CashSalescanbeausefulindicatoroftheextentto whichinvestorsareparticipatinginthemarket. Why? Investorsare farmorelikelytohavethefundstopurchaseahomeavailableupfront, whereasthetypicalhomebuyerrequiresamortgageorsomeother formoffinancing. Thereare,ofcourse,manypossibleexceptions,so thisstatisticshouldbeinterpretedwithcare.
Monthly Market Detail September 2022 2018 2019 2020 2021 2022
September 2022 26 -27.8% August 2022 26 -35.0% July 2022 29 -43.1%
80
60
100 Cash Sales
40
20
0
Closed
Economists' note : Thisstatisticissimplyanotherwayofviewing CashSales. TheremainingpercentagesofClosedSales(i.e.thosenot paidfullyincash)eachmonthinvolvedsomesortoffinancing,suchas mortgages,owner/sellerfinancing,assumedloans,etc.
June 2022
Year-to-Date 398 -22.9% 50 -3.8%
The number of Closed Sales during the month in which buyers exclusively paid in cash 2018 2019 2020 2021 2022
April 2022 54 -32.5% March 2022 63 -16.0%
49 -23.4% May 2022 57 -9.5% February 2022 56 -8.2%
September 2021 36 -16.3%
Month
Percent of
September 2022 37.1% 5.1% August 2022 38.2% -13.2% July 2022 43.9% 5.0% June 2022 47.1% 16.3% 43.3%
November 2021 35.3% 0.9%
May 2022 49.6% 25.9% April 2022 42.9% -9.9% March 2022 42.6% -1.2% February 2022 48.3% 10.8% January 2022 33.9% -17.5%
December 2021 38.8% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
Closed Sales
Year-to-Date 43.0% 2.1% in Cash
Paid
Percent Change Year-over-Year
October 2021 32.1% -15.1% September 2021
January 2022 38 -17.4% December 2021 53 17.8% October 2021 27 -40.0% -1.5% November 2021 50.0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0% 10% 20% 30% 40% 50% 60% Pct. of Closed Sales Paid in Cash
Sales
The percentage of Closed Sales during the month which were Cash Sales
Cash
as a Percentage of
Sales
Economists' note : MedianSalePriceisourpreferredsummary statisticforpriceactivitybecause,unlikeAverageSalePrice,Median SalePriceisnotsensitivetohighsalepricesforsmallnumbersof homesthatmaynotbecharacteristicofthemarketarea. Keepinmind thatmedianpricetrendsovertimearenotalwayssolelycausedby changesinthegeneralvalueoflocalrealestate. Mediansalepriceonly reflectsthevaluesofthehomesthat sold eachmonth,andthemixof thetypesofhomesthatsellcanchangeovertime.
Month
Median Sale Price Percent Change Year-over-Year
Year-to-Date $599,000 26.5%
September 2022 $629,500 18.3%
August 2022 $627,500 25.5%
July 2022 $695,000 28.9%
June 2022 $670,250 12.8% May 2022 $653,000 16.3%
April 2022 $595,250 33.0%
March 2022 $557,750 32.0%
February 2022 $560,750 33.8%
January 2022 $547,500 25.9%
December 2021 $512,500 22.3%
November 2021 $567,500 29.0%
October 2021 $555,000 23.3%
September 2021 $532,000 40.7%
Economists' note : Usually,wepreferMedianSalePriceoverAverage SalePriceasasummarystatisticforhomeprices. However,Average SalePricedoeshaveitsuses—particularlywhenitisanalyzed alongsidetheMedianSalePrice. Forone,therelativedifference betweenthetwostatisticscanprovidesomeinsightintothemarketfor higher-endhomesinanarea.
Month
Average Sale Price Percent Change Year-over-Year
23.3%$809,221Year-to-Date
September 2022 $873,881 33.7%
August 2022 $861,244 40.0%
July 2022 $1,001,547 32.7%
May 2022 $783,850 7.0%
April 2022 $826,193 38.5%
March 2022 $715,469 28.3%
February 2022 $741,419 19.1%
January 2022 $696,612 18.6%
December 2021 $586,295 4.8% November 2021 $720,402
June 2022 $947,434 21.5% 14.2%
October 2021 $754,921 26.0%
September 2021 $653,560 18.7%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S $0K $200K $400K $600K $800K $1000K $1200K Average Sale Price $0K $200K $400K $600K $800K Median Sale Price Monthly Market Detail September 2022 2018 2019 2020 2021 2022
Sale
The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) 2018 2019 2020 2021 2022
Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
Walton County Townhouses and Condos Median
Price
Average
Monthly Market Detail September 2022 2018 2019 2020 2021 2022
$0 $20 M $40 M $60 M $80 M $100 M $120 M $140 M Dollar Volume
Month
Dollar Volume Percent Change Year-over-Year
September 2022 $61.2 Million -8.2%
August 2022 $58.6 Million 4.6%
July 2022 $66.1 Million -28.2%
June 2022 $98.5 Million -20.0%
Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month
Walton County Townhouses and Condos Dollar Volume The sum of the sale prices for all sales which closed during the month 2018 2019 2020 2021 2022
May 2022 $90.1 Million -23.1%
April 2022 $104.1 Million 3.9%
Year-to-Date $748.5 Million -7.0% -1.3%
March 2022 $105.9 Million 9.1% February 2022 $86.0 Million
$75.6 Million 2.5%
Economists' note : DollarVolumeissimplythesumofallsaleprices inagiventimeperiod,andcanquicklybecalculatedbymultiplying ClosedSalesbyAverageSalePrice. Itisastrongindicatorofthehealth oftherealestateindustryinamarket,andisofparticularinterestto realestateprofessionals,investors,analysts,andgovernmentagencies. Potentialhomesellersandhomebuyers,ontheotherhand,willlikely bebetterservedbypayingattentiontotrendsinthetwocomponents ofDollarVolume(i.e.salesandprices)individually. -0.5%99.1%Year-to-Date
Economists' note : TheMedianPercentofOriginalListPriceReceived isusefulasanindicatorofmarketrecovery,sinceittypicallyrisesas buyersrealizethatthemarketmaybemovingawayfromthemand theyneedtomatchthesellingprice(orbetterit)inordertogeta contractonthehouse. Thisisusuallythelastmeasuretoindicatea markethasshiftedfromdowntoup,soitiswhatwewouldcalla lagging indicator.
September 2021 $66.7 Million -1.5%
September 2022 96.0% -2.6%
August 2022 97.1% -2.9%
July 2022 96.7% -3.3%
May 2022 100.0% 0.0%
April 2022 100.0% 0.0%
March 2022 100.0% 1.7%
February 2022 97.8% -0.2% January 2022 98.0% 0.0%
June 2022 99.7% -0.3% 0.4%
October 2021 98.3% 1.8% September 2021
November 2021 98.6% 2.4%
January 2022 $78.0 Million 18.6% December 2021 $76.4 Million -6.1% October 2021 $63.4 Million -11.1% 0.7% November 2021 97.5% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0% 20% 40% 60% 80% 100% 120% Med. Pct. of Orig. List Price Received
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
Month Med. Pct. of Orig. List Price Received Percent Change Year-over-Year
December 2021 97.4% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
Walton County Townhouses and Condos
Economists' note : LikeTimetoSale,TimetoContractisameasureof thelengthofthehomesellingprocesscalculatedforsaleswhichclosed duringthemonth. ThedifferenceisthatTimetoContractmeasures thenumberofdaysbetweentheinitiallistingofapropertyandthe signingofthecontractwhicheventuallyledtotheclosingofthesale. WhenthegapbetweenMedianTimetoContractandMedianTimeto Salegrows,itisusuallyasignoflongerclosingtimesand/ordeclining numbersofcashsales.
Month
Median Time to Contract Percent Change Year-over-Year
Median Time
Economists' note : TimetoSaleisameasureofthelengthofthehome sellingprocess,calculatedasthenumberofdaysbetweentheinitial listingofapropertyandtheclosingofthesale. Median TimetoSaleis theamountoftimethe"middle"propertysellingthismonthwason themarket. Thatis,50%ofhomessellingthismonthtook less timeto sell,and50%ofhomestook more timetosell. MedianTimetoSale givesamoreaccuratepicturethanAverageTimetoSale,whichcanbe skewedupwardbysmallnumbersofpropertiestakinganabnormally longtimetosell.
Year-to-Date
September 2022 30 Days 150.0% 10 Days 0.0%
August 2022 13 Days 62.5%
July 2022
16 Days 166.7%
June 2022 9 Days 28.6%
March 2022 5 Days -61.5%
February 2022 20 Days -31.0%
January 2022 28 Days 27.3%
May 2022 6 Days -25.0% April 2022 6 Days -14.3% 39 Days -29.1%
November 2021 28 Days -30.0%
December 2021 October 2021 9 Days -81.6% September 2021 12 Days -75.5%
Month
Median Time to Sale Percent Change Year-over-Year
September 2022 70 Days 20.7% -9.1%50 DaysYear-to-Date
August 2022 58 Days 9.4%
June 2022 43 Days -15.7%
May 2022 39 Days -29.1%
April 2022 42 Days -17.6%
March 2022 46 Days -9.8% February 2022 61 Days -11.6%
January 2022 70 Days 12.9% December 2021 69 Days
July 2022 54 Days 12.5% -28.9%
November 2021 72 Days -13.3%
October 2021 56 Days -38.5%
September 2021 58 Days -27.5%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0 50 100 150 200 Median Time to Sale 0 20 40 60 80 100 120 140 Median
Contract Monthly Market Detail September 2022 2018 2019 2020 2021 2022
Time to
and
2018 2019 2020 2021 2022
Median Time to Contract The median number of days between the listing date
contract date for all Closed Sales during the month
to Sale The median number of days between the listing date and closing date for all Closed Sales during the month
Month
New Pending Sales
Monthly Market Detail September 2022 2018 2019 2020 2021 2022
Percent Change Year-over-Year
Year-to-Date 928 -22.7%
September 2022 61 -29.1%
August 2022 85 -22.7% July 2022 73 -18.0%
Economists' note : Becauseofthetypicallengthoftimeittakesfora saletoclose,economistsconsiderPendingSalestobeadecent indicatorofpotentialfutureClosedSales. Itisimportanttobearin mind,however,thatnotallPendingSaleswillbeclosedsuccessfully. So,theeffectivenessofPendingSalesasafutureindicatorofClosed Salesissusceptibletochangesinmarketconditionssuchasthe availabilityoffinancing forhomebuyersandtheinventoryof distressedpropertiesforsale.
June 2022 96 -15.8% May 2022 97 -36.6%
April 2022 111 -27.9% March 2022 132 -21.4%
February 2022 130 -21.7%
January 2022 143 -10.6% December 2021 105 -7.1% November 2021 131 21.3% October 2021 119 -16.2% September 2021 86 -28.9%
150
100
200 Pending Sales
50
0
New Listings The number of properties put onto the market during the month
Economists' note : NewListingstendtoriseindelayedresponseto increasingprices,sotheyareoftenseenasalaggingindicatorof markethealth. Aspricesrise,potentialsellersraisetheirestimations ofvalue—andinthemostrecentcycle,risingpriceshavefreedup manypotentialsellerswhowerepreviouslyunderwaterontheir mortgages. Notethatinourcalculations,wetakecaretonotinclude propertiesthatwererecentlytakenoffthemarketandquicklyrelisted, sincethesearenotreally new listings.
Walton County Townhouses and Condos New Pending Sales The number of listed properties that went under contract during the month 2018 2019 2020 2021 2022
September 2022 86 -20.4% August 2022 108 -29.9% July 2022 109 -30.6% June 2022 135 -16.1% 103 -16.9%
January 2022 122 2.5%
December 2021 73 14.1% November 2021 89 -3.3%
September 2021 108 0.9%
150
100
50
200 New Listings
May 2022 148 -4.5% April 2022 162 10.2% March 2022 147 -5.8% February 2022 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.Statisticsforeachmonth
15thday
followingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
compiledfromMLSfeedsonthe
ofthe
Month New Listings Percent Change Year-over-Year
Year-to-Date 1,120 -12.6% October 2021 116 9.4% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
Month Inventory Percent Change Year-over-Year
September 2022 311 15.2% 206 15.6%YTD (Monthly Avg) August 2022 291 11.1% July 2022 284 24.6%
Economists' note : Thereareanumberofwaystodefineandcalculate Inventory. Ourmethodistosimplycountthenumberofactivelistings onthelastdayofthemonth,andholdthisnumbertocomparewiththe samemonththefollowingyear. InventoryriseswhenNewListingsare outpacingthenumberoflistingsthatgooff-market(regardlessof whethertheyactuallysell). Likewise,itfallswhenNewListingsaren't keepingupwiththerateatwhichhomesaregoingoff-market.
Economists' note : MSIisausefulindicatorofmarketconditions. The benchmarkforabalancedmarket(favoringneitherbuyernorseller)is 5.5monthsofinventory. Anythinghigheristraditionallyabuyers' market,andanythinglowerisasellers'market. Thereisnosingle acceptedwayofcalculatingMSI. Acommonmethodistodivide currentInventorybythemostrecentmonth'sClosedSalescount,but thiscountisausuallypoorpredictoroffutureClosedSalesdueto seasonalcycles. Toeliminateseasonaleffects,weusethe12-month averageofmonthlyClosedSalesinstead.
June 2022 239
46.6% May 2022 213 80.5% April 2022 165 51.4%
March 2022 117 -4.9% February 2022 104 -28.8% January 2022 129 -29.9% December 2021
164 -28.4%
September 2021 270 -24.8%
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.Statisticsforeachmonth
Month Months Supply Percent Change Year-over-Year
YTD (Monthly Avg) 1.8 28.6%
September 2022 3.0 50.0% August 2022 2.7 42.1%
July 2022 2.6 52.9% June 2022 2.1 75.0%
May 2022 1.8 100.0% April 2022 1.4 75.0%
March 2022 0.9 -10.0% February 2022 0.8 -38.5%
January 2022 1.0 -44.4% December 2021 1.3 -43.5%
November 2021 1.5 -50.0% October 2021 2.0
November 2021 200 -30.1% October 2021 259 -16.7% -42.9%
September 2021 2.0 -52.4%
MLS
the15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
compiledfrom
feedson
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 0.0 2.0 4.0 6.0 8.0 10.0 Months Supply of Inventory 0 100 200 300 400 500 600 Inventory Monthly Market Detail September 2022 2018 2019 2020 2021 2022 Walton County Townhouses and Condos Inventory (Active Listings) The number of property listings active at the end of the month 2018 2019 2020 2021 2022 Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately representedbyyear-over-yearchanges(i.e.comparingamonth'ssales totheamountofsalesinthesamemonthinthepreviousyear),rather thanchangesfromonemonthtothenext.
Sale Price
Closed Sales Percent Change Year-over-Year
Less than $50,000 0 N/A $50,000 - $99,999 0 N/A
$100,000 - $149,999 0 N/A
$150,000 - $199,999 0 -100.0% $200,000 - $249,999 0 -100.0%
$250,000 - $299,999 5 0.0% $300,000 - $399,999 4 -76.5%
$1,000,000 or more 18 38.5%
Less than $50,000 $50,000$99,999 $100,000$149,999 $150,000$199,999 $200,000$249,999 $250,000$299,999 $300,000$399,999 $400,000$599,999 $600,000$999,999 $1,000,000 or more
Economists' note : LikeTimetoSale,TimetoContractisameasureof thelengthofthehomesellingprocesscalculatedforsaleswhichclosed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Salegrows,itisusuallyasignoflongerclosingtimesand/ordeclining numbersofcashsales.
Sale Price
Median Time to Contract Percent Change Year-over-Year
Less than $50,000 (No Sales) N/A
$50,000 - $99,999 (No Sales) N/A $100,000 - $149,999
$400,000 - $599,999 23 -25.8% $600,000 - $999,999 20 -23.1% (No Sales) N/A
$150,000 - $199,999 (No Sales) N/A
$200,000 - $249,999 (No Sales) N/A $250,000 - $299,999
14 Days 16.7%
$300,000 - $399,999 26 Days 225.0%
$400,000 - $599,999 68 Days 466.7%
$600,000 - $999,999 12 Days -45.5%
$1,000,000 or more 26 Days 333.3%
Less than $50,000 $50,000$99,999 $100,000$149,999 $150,000$199,999 $200,000$249,999 $250,000$299,999 $300,000$399,999 $400,000$599,999 $600,000$999,999 $1,000,000 or more Median
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
0 10 20 30 40 50 60 70 80
Contract
0
20
50
0 5 10 15 20 25 30 35
Market Detail September 2022
Townhouses
Condos
Sale
sales
Time to
September 2021 September 2022
10
30 40
60 70 80
Closed Sales September 2021 September 2022 0 5 10 15 20 25 30 35 Monthly
Walton County
and
Closed Sales by
Price The number of
transactions which closed during the month
Median Time to Contract by Sale Price The median number of days between the listing date and contract date for all Closed Sales during the month
Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include propertiesthatwererecentlytakenoffthemarketandquicklyrelisted, sincethesearenotreally new listings.
Initial Listing Price New Listings
Percent Change Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 0 N/A
$100,000 - $149,999 0 N/A
$150,000 - $199,999 0 -100.0%
$200,000 - $249,999 0 -100.0%
$250,000 - $299,999 5 25.0% $300,000 - $399,999 6 -53.8% $400,000 - $599,999 23 -32.4%
$600,000 - $999,999 30 0.0% $1,000,000 or more 22 15.8%
Less than $50,000 $50,000$99,999 $100,000$149,999 $150,000$199,999 $200,000$249,999 $250,000$299,999 $300,000$399,999 $400,000$599,999 $600,000$999,999 $1,000,000 or more
Current Listing Price Inventory Percent Change Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 0 N/A $100,000 - $149,999 0 N/A
Economists' note : Thereareanumberofwaystodefineandcalculate Inventory. Ourmethodistosimplycountthenumberofactivelistings onthelastdayofthemonth,andholdthisnumbertocomparewiththe samemonththefollowingyear. InventoryriseswhenNewListingsare outpacing the number of listings that go off-market (regardless of whethertheyactuallysell). Likewise,itfallswhenNewListingsaren't keepingupwiththerateatwhichhomesaregoingoff-market.
$150,000 - $199,999 0 -100.0% $200,000 - $249,999 0 -100.0% $250,000 - $299,999 16 700.0% $300,000 - $399,999 22 -15.4% $400,000 - $599,999 77 -24.5%
$600,000 - $999,999 105 23.5% $1,000,000 or more 91 106.8%
Less than $50,000 $50,000$99,999 $100,000$149,999 $150,000$199,999 $200,000$249,999 $250,000$299,999 $300,000$399,999 $400,000$599,999 $600,000$999,999 $1,000,000 or
ProducedbyFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
0 20 40 60 80 100 120
Inventory
0 5 10 15 20 25 30 35 40
New Listings
0 20 40 60 80 100 120 0 5 10 15 20 25 30 35 40
Market Detail September
Townhouses
Condos New Listings
Initial Listing Price
properties
Inventory by Current Listing Price The number of property listings active at the end of the month
more
September 2021 September 2022
September 2021 September 2022
Monthly
2022 Walton County
and
by
The number of
put onto the market during the month
Produced
Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price
Short Sale 0 0 N/A (No Sales) (No Sales) N/A Foreclosure/REO 0 0 N/A (No Sales) (No Sales) N/A September 2022 September 2021 Percent Change Year-over-Year Traditional 70 102 -31.4% $629,500 $532,000 18.3% $0K $100K $200K $300K $400K $500K $600K $700K $800K Median Sale Price 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Closed Sales Traditional Foreclosure/REO Short Sale J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S Monthly Distressed Market September 2022 Walton County Townhouses and Condos 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
byFloridaRealtors®withdataprovidedbyFlorida'smultiplelistingservices.StatisticsforeachmonthcompiledfromMLSfeedsonthe15thdayofthefollowingmonth. DatareleasedonThursday,October20,2022.NextdatareleaseisFriday,November18,2022.
