Walton County Florida Real Estate Report for October 2015
December 3, 2015 by SoWal Staff
The latest real estate report for October 2015 includes statistics for single family homes in Walton County, Florida. October saw a lot of visitors iin our area and a very healthy real estate market. Closed sales were up 6.5% for October compared to the same month last year. Cash sales were down 16%. The median sale price was up a whopping 27%.
According to the report, "Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area." Average sale price was up 19%.
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.
Months Supply of Inventory for Walton County has been trending down consistently every month for quite awhile and hit 7.5 months for October 2015 (down 21% over same month last year) - getting ever closer to the balanced mark of 5.5.
The latest residential real estate report for October 2015 in Walton County summarizes sales and listing statistics of single family homes. The Walton County Real Estate Report for 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 impressive. 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.