Walton County Florida Real Estate Report for November 2016
December 20, 2016 by SoWal Staff
The latest local real estate report for November 2016 includes statistics for single family homes, townhomes, and condos in Walton County, Florida. Single family closed sales were up 16% for November compared to the same month last year. Quite a busy month for the "off season" in SoWal. The percentage of closed sales paid in cash was up 4%. Inventory was down 4%. Median sales price was up 3%.
One number for November that leaps of the chart is Dollar Volume at a whopping 49% increase over the same month last year, $123.6 Million compared to $82.9 Million, which itself was an 18% increase over November 2014 .
From the report - Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market.
Months Supply of Inventory for Walton County is down 10% over same month last year at 6.5 months for November 2016.
From the report - Months Supply of Inventory is an indicator of the state of the market, whether it is a buyers' market or a sellers' market. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 Months of Inventory. Higher numbers indicate a buyers' market, lower numbers a sellers' market.
The latest residential real estate report for November 2016 in Walton County summarizes sales and listing statistics of single family homes. The Walton County Real Estate Report is produced by Florida REALTORS® and provided by the Emerald Coast Association of Realtors® (ECAR).
Click here to open the latest South Walton Real Estate Report in pdf format. The charts and graphs are informative and well done. Great work has been done compiling the real estate report. The Walton County Real Estate Report is a service by ECAR and is a wealth of information about closed sales, pending sales, cash sales, condo sales, townhome sales and more.
The Real Estate Report includes real estate information about Walton County on the Emerald Coast, including all areas of South Walton and Scenic 30A, Inlet Beach, Rosemary Beach, Seacrest, Alys Beach, WaterSound Beach, Seagrove, Seaside, WaterColor, Grayton Beach, Blue Mountain Beach, Santa Rosa Beach, Sandestin, and Miramar Beach.
Real estate sales statistics are generated on approximately the third week of each month. These statistics include information recorded in the Emerald Coast Association of Realtors® (ECAR) MLS system by ECAR MLS participants and subscribers, and do not include information entered by other associations or “for sale by owner” properties.
Statistics are accurate as of the date they were generated as indicated at the bottom of each report. Reports created at other times or under other circumstances may produce different results.