Walton County Florida Real Estate Report for May 2020
July 23, 2020 by SoWal Staff
The most recent SoWal Real Estate Report covers all of Walton County including South Walton real estate activity for May 2020, with statistics for single family homes, townhomes, and condos in Walton County, Florida.
The South Walton real estate market was off to a torrid start as evidenced by the numbers in the March report. April & May statistics show an entirely different story as a result of COVID-19. Single family homes closed sales were down 28.6% for May 2020 compared to the same month last year. However, the number of pending sales for Walton County was up 43.5% compared to May 2019. Inventory of active listings was down 9.9%. Median sales price was down 9.6%. Dollar volume was down 20.3% over last year at $175.8 Million.
Condominium and townhome closed sales were down 48.9% for May 2020 compared to the same month last year.
Months Supply of Inventory for Walton County single family home sales was down 14.8% compared to the same month last year at 5.2 months for May 2020.
The latest residential real estate report for May 2020 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.
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.
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 represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
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 believed to be 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.