- Closed home sales in Florida decreased 1.3% in January 2018 compared to January 2017, while the statewide median home sale price increased 9.1% to $240,000. - The number of cash sales decreased 4.7% year-over-year, and cash sales represented 30.4% of all closed sales, down 3.5% from a year ago. - The average home sale price in Florida rose 12.3% to $334,350 compared to January 2017.

1. Closed Sales
Y/Y %
Chg.
Median Sale
Price
Y/Y %
Chg.
Closed Sales
Y/Y %
Chg.
Median Sale
Price
Y/Y %
Chg.
State of Florida 16,564 -1.3% $240,000 9.1% 7,634 5.9% $179,900 11.7%
Cape Coral-Fort Myers MSA
(Lee County)
Crestview-Fort Walton Beach-Destin MSA
(Okaloosa and Walton counties)
Deltona-Daytona Beach-Ormond Beach MSA
(Flagler and Volusia counties)
Gainesville MSA
(Alachua and Gilchrist counties)
Homosassa Springs MSA
(Citrus County)
Jacksonville MSA
(Baker, Clay, Duval, Nassau, and St. Johns counties)
Lakeland-Winter Haven MSA
(Polk County)
Miami-Fort Lauderdale-West Palm Beach MSA
(Broward, Miami-Dade, and Palm Beach counties)
Naples-Immokalee-Marco Island MSA
(Collier County)
North Port-Sarasota-Bradenton MSA
(Manatee and Sarasota counties)
Ocala MSA
(Marion County)
Orlando-Kissimmee-Sanford MSA
(Lake, Orange, Osceola, and Seminole counties)
Palm Bay-Melbourne-Titusville MSA
(Brevard County)
Panama City MSA
(Bay and Gulf counties)
Pensacola-Ferry Pass-Brent MSA
(Escambia and Santa Rosa counties)
Port St. Lucie MSA
(Martin and St. Lucie counties)
Punta Gorda MSA
(Charlotte County)
Sebastian-Vero Beach MSA
(Indian River County)
Sebring MSA
(Highlands County)
Tallahassee MSA
(Gadsden, Jefferson, Leon, and Wakulla counties)
Tampa-St.Petersburg-Clearwater MSA
(Hernando, Hillsborough, Pasco, and Pinellas counties)
The Villages MSA
(Sumter County)
* A Metropolitan Statistical Area (MSA) is defined as one or more counties with a large population center and adjacent counties that have a high degree of economic interaction
with the population center(s). We use the latest (2013) MSAs as delineated by the U.S. Office of Management and Budget.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
$108,000 21.7%
$157,500 -0.3%
$127,500 8.1%
$126,000 61.5%
$245,000 16.7%
$238,313 -13.3%
$149,000 8.0%
$99,000 -1.0%
$150,000 15.4%
$149,950 4.9%
$180,000 7.1%
$315,000 12.6%
$210,583 0.3%
$108,000 -11.8%
$157,000 10.2%
$97,000 14.1%
43 -20.4%
$191,000 3.2%
$308,500 11.6%
$205,000 38.5%
$115,000 13.9%
80 12.7%
44 -29.0%
8 -46.7%
124 42.5%
58 -10.8%
137 -9.9%
24 -14.3%
601 3.4%
168 -9.7%
453 19.5%
486 17.1%
17 41.7%
312 13.5%
65 -20.7%
191 4.9%
53 23.3%
$229,000 9.0%
$135,000 8.9%
17.0%
$330,000 6.5%
$438,500 1.4%
$289,495 7.6%
4.2%
$229,000 23.5%
$154,950 10.7%
$227,750 15.6%
3,023 7.6%
5.7%
$174,749 2.9%
$230,000 11.7%
$210,000 7.7%
3.2%
$250,000 12.6%
$215,000 10.3%
$212,000 15.5%
6.2%223
895 9.3% $244,500
$285,000
$187,000
$192,993
$144,000
-6.2%
6.0%
4.2%
0.9%
-2.5%
5.2%
-4.4%
-0.9%
-5.7%
10.9%
-1.8%
-1.2%
500
463
$195,600
278
183
114
11.9%
-4.7%
-3.7%
-5.0%
-9.2%
296
918
387
2,037
563
229
683
155
190
1,246
610
2,957
5.6%
State / Metropolitan Statistical Area
405
-0.2%
18.4%
471 14.0%
126 8.6%
Single Family Homes Townhouses and Condos
2,782 -6.1% $217,000 11.3% 1,093 -2.8% $149,000 10.4%
78 16.4% $269,250 22.4% 19 26.7% $199,000 6.4%
Florida Residential Market Sales Activity - January 2018
Statewide by Metropolitan Statistical Area*
Closed Sales and Median Sale Prices

2. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Year-to-Date 16,564 -1.3%
-1.3%
31,523 1.1%
Closed Sales
16,564
97 Days
36,049 -4.1%
94,071 -7.3%
4.2 -7.1%
Summary Statistics
Closed Sales
Paid in Cash
96.0%
January 2018
$240,000Median Sale Price
Average Sale Price
Dollar Volume
Median Percent of Original
List Price Received
$220,000 9.1%
$5.5 Billion $5.0 Billion 10.9%
$334,350 $297,654 12.3%
January 2017
Percent Change
Year-over-Year
5,035 5,282 -4.7%
16,564 16,779 -1.3%
95.6% 0.4%
45 Days 49 Days -8.2%
January 2018
Median Time to Contract
89 Days
24,511
Median Time to Sale
New Pending Sales
New Listings
Month
31,879
Pending Inventory 34,572
Inventory (Active Listings) 87,196
Months Supply of Inventory 3.9
-8.2%
24,490 0.1%
Percent Change
Year-over-Year
18,033
January 2017 16,779
June 2017 28,205
May 2017 27,854
September 2017 18,030
August 2017 25,235
July 2017 24,546
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
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.
December 2017 22,903 2.6%
1.3%
2.0%
November 2017 19,990
October 2017 20,543
5.2%
April 2017 23,829
March 2017 25,921
-1.2%
9.3%
-0.5%
-20.4%
0.9%
4.3%
7.6%
2.0%
February 2017
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
Monthly Market Detail - January 2018
Florida
Single Family Homes
Closed Sales
The number of sales transactions which closed during
the month
2014 2015 2016 2017
0
5,000
10,000
15,000
20,000
25,000
30,000
ClosedSales

3. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
October 2017
Month Cash Sales
Percent Change
Year-over-Year
January 2018 5,035 -4.7%
December 2017 6,032 -4.6%
November 2017 5,375 -7.8%
Year-to-Date 5,035 -4.7%
6,573 -12.7%
5,354 -7.1%
September 2017 4,698 -25.9%
June 2017 7,120 -3.3%
August 2017 6,519 -4.6%
July 2017 5,972 -6.9%
January 2018 30.4% -3.5%
December 2017 26.3% -7.1%
November 2017 26.9% -8.8%
October 2017 26.1% -8.7%
-8.8%
September 2017 26.1% -6.8%
August 2017 25.8% -5.5%
July 2017 24.3% -9.0%
June 2017 25.2% -7.4%
May 2017 26.8% -8.2%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not
paid fully in cash) each month involved some sort of financing, such as
mortgages, owner/seller financing, assumed loans, etc.
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are
far more likely to have the funds to purchase a home available up front,
whereas the typical homebuyer requires a mortgage or some other
form of financing. There are, of course, many possible exceptions, so
this statistic should be interpreted with care.
Year-to-Date 30.4% -3.5%
Month
Percent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
February 2017 32.5% -11.4%
January 2017
January 2017 5,282 -10.3%
March 2017
31.5% -14.6%
April 2017 27.6%
May 2017 7,452 -1.2%
April 2017
7,567 -0.4%
February 2017 5,859 -11.9%
-11.5%
March 2017 29.2%
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
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0%
10%
20%
30%
40%
50%
60%
Pct.ofClosedSales
PaidinCash
0
2,000
4,000
6,000
8,000
10,000
CashSales
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Single Family Homes
Cash Sales
The number of Closed Sales during the month in which
buyers exclusively paid in cash
2014 2015 2016 2017
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month
which were Cash Sales

4. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Month Median Sale Price
Percent Change
Year-over-Year
January 2018 $240,000 9.1%
Year-to-Date $240,000 9.1%
June 2017 $245,000 8.9%
December 2017 $244,185 8.0%
November 2017 $240,000 9.1%
August 2017 $240,000 6.7%
July 2017 $240,000 7.1%
October 2017 $235,558 7.1%
September 2017 $239,900 7.6%
May 2017 $239,000 7.7%
April 2017 $234,900 10.3%
March 2017 $231,900 10.4%
February 2017 $225,000 12.5%
January 2017 $220,000 10.1%
Month Average Sale Price
Percent Change
Year-over-Year
January 2018 $334,350 12.3%
December 2017 $320,985 9.4%
November 2017 $314,632 8.3%
October 2017 $308,835 6.8%
11.3%
September 2017 $306,770 5.9%
August 2017 $313,903 7.7%
July 2017 $316,887 5.7%
June 2017 $328,921 7.3%
May 2017 $324,821 8.3%
12.3%$334,350Year-to-Date
Economists' note : 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. Keep in mind
that median price trends over time are not always solely caused by
changes in the general value of local real estate. Median sale price only
reflects the values of the homes that sold each month, and the mix of
the types of homes that sell can change over time.
Economists' note : Usually, we prefer Median Sale Price over Average
Sale Price as a summary statistic for home prices. However, Average
Sale Price does have its uses—particularly when it is analyzed
alongside the Median Sale Price. For one, the relative difference
between the two statistics can provide some insight into the market for
higher-end homes in an area.
February 2017 $313,401 9.5%
January 2017 $297,654 4.0%
April 2017 $320,574 8.3%
March 2017 $318,115
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
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$0K
$100K
$200K
$300K
$400K
AverageSalePrice
$0K
$50K
$100K
$150K
$200K
$250K
$300K
MedianSalePrice
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Single Family Homes
Median Sale Price
The median sale price reported for the month (i.e. 50%
of sales were above and 50% of sales were below)
2014 2015 2016 2017
Average Sale Price
The average sale price reported for the month (i.e.
total sales in dollars divided by the number of sales)

5. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Month Dollar Volume
Percent Change
Year-over-Year
January 2018 $5.5 Billion 10.9%
Year-to-Date $5.5 Billion 10.9%
11.9%
December 2017 $7.4 Billion 12.2%
November 2017 $6.3 Billion 9.7%
$7.6 Billion 7.0%
October 2017 $6.3 Billion 9.0%
September 2017 $5.5 Billion -15.7%
August 2017 $7.9 Billion 8.7%
July 2017 $7.8 Billion 7.8%
June 2017 $9.3 Billion
January 2018 96.0% 0.4%
December 2017 96.3% 0.3%
November 2017 96.3% 0.2%
October 2017 96.3% 0.2%
0.3%
September 2017 96.4% 0.2%
August 2017 96.5% 0.1%
July 2017 96.5% 0.1%
June 2017 96.5% 0.2%
May 2017 96.4% 0.2%
Economists' note : The Median Percent of Original List Price Received
is useful as an indicator of market recovery, since it typically rises as
buyers realize that the market may be moving away from them and
they need to match the selling price (or better it) in order to get a
contract on the house. This is usually the last measure to indicate a
market has shifted from down to up, so it is what we would call a
lagging indicator.
Economists' note : 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, and is of particular interest to
real estate professionals, investors, analysts, and government agencies.
Potential home sellers and home buyers, on the other hand, will likely
be better served by paying attention to trends in the two components
of Dollar Volume (i.e. sales and prices) individually.
0.4%96.0%Year-to-Date
Month
Med. Pct. of Orig.
List Price Received
Percent Change
Year-over-Year
February 2017 95.8% 0.5%
January 2017
January 2017 $5.0 Billion 9.4%
March 2017
95.6% 0.4%
April 2017 96.2%
May 2017 $9.0 Billion 16.6%
April 2017
$8.2 Billion 21.6%
February 2017 $5.7 Billion 9.0%
0.3%
March 2017 96.1%
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
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0%
20%
40%
60%
80%
100%
120%
Med.Pct.ofOrig.
ListPriceReceived
$0
$2 B
$4 B
$6 B
$8 B
$10 B
DollarVolume
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Single Family Homes
Dollar Volume
The sum of the sale prices for all sales which closed
during the month
2014 2015 2016 2017
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

6. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
46 Days 7.0%
October 2017 43 Days 0.0%
May 2017 39 Days -9.3%
Month
Median Time to
Contract
Percent Change
Year-over-Year
January 2018 45 Days -8.2%
45 Days -8.2%Year-to-Date
December 2017 41 Days -8.9%
November 2017
July 2017 36 Days -10.0%
June 2017 38 Days -7.3%
September 2017 38 Days -7.3%
August 2017 37 Days -7.5%
40 Days -9.1%
March 2017 47 Days -6.0%
April 2017
February 2017 54 Days -5.3%
January 2017 49 Days -7.5%
Month Median Time to Sale
Percent Change
Year-over-Year
January 2018 89 Days -8.2%
-8.2%89 DaysYear-to-Date
December 2017 83 Days -9.8%
November 2017 91 Days -1.1%
-5.6%
October 2017 91 Days 0.0%
September 2017 85 Days -5.6%
August 2017 80 Days -9.1%
July 2017 81 Days -9.0%
June 2017 83 Days -8.8%
January 2017 97 Days -4.0%
Economists' note : Time to Sale is a measure of the length of the home
selling process, calculated as the number of days between the initial
listing of a property and the closing of the sale. Median Time to Sale is
the amount of time the "middle" property selling this month was on
the market. That is, 50% of homes selling this month took less time to
sell, and 50% of homes took more time to sell. Median Time to Sale
gives a more accurate picture than Average Time to Sale, which can be
skewed upward by small numbers of properties taking an abnormally
long time to sell.
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
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
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
March 2017 92 Days -7.1%
February 2017 98 Days -6.7%
May 2017 83 Days -7.8%
April 2017 85 Days
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
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0
20
40
60
80
100
120
MedianTimeto
Sale
0
20
40
60
80
MedianTimeto
ContractMonthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Single Family Homes
Median Time to Contract
The median number of days between the listing date
and contract date for all Closed Sales during the month
2014 2015 2016 2017
Median Time to Sale
The median number of days between the listing date
and closing date for all Closed Sales during the month

7. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
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
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Month New Pending Sales
Percent Change
Year-over-Year
January 2018 24,511 0.1%
Year-to-Date 24,511 0.1%
June 2017 27,818 2.2%
December 2017 19,419 -0.1%
November 2017 22,131 5.5%
August 2017 26,949 2.2%
July 2017 26,208 3.3%
October 2017 24,028 10.1%
September 2017 16,284 -30.2%
May 2017 29,465 7.1%
April 2017 28,883 -4.4%
March 2017 30,861 3.6%
February 2017 26,310 -2.0%
January 2017 24,490 3.8%
Month New Listings
Percent Change
Year-over-Year
January 2018 31,879 1.1%
December 2017 20,614 -0.4%
November 2017 26,221 1.8%
October 2017 28,228 9.8%
31,313 4.2%
May 2017 32,893 7.2%
January 2017 31,523 7.6%
April 2017 29,898 -4.9%
March 2017 33,984 1.8%
Year-to-Date 31,879 1.1%
February 2017 29,699 -5.9%
September 2017 18,493 -30.8%
August 2017 30,067 0.8%
July 2017 29,565 6.1%
June 2017
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
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0
10,000
20,000
30,000
40,000
NewListings
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
PendingSales
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Single Family Homes
New Pending Sales
The number of listed properties that went under
contract during the month
2014 2015 2016 2017
New Listings
The number of properties put onto the market during
the month

8. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count the number of active listings
on the last day of the month, and hold this number to compare with the
same month the following year. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
Economists' note : MSI is a useful indicator of market conditions. The
benchmark for a balanced market (favoring neither buyer nor seller) is
5.5 months of inventory. Anything higher is traditionally a buyers'
market, and anything lower is a sellers' market. There is no single
accepted way of calculating MSI. A common method is to divide
current Inventory by the most recent month's Closed Sales count, but
this count is a usually poor predictor of future Closed Sales due to
seasonal cycles. To eliminate seasonal effects, we use the 12-month
average of monthly Closed Sales instead.
YTD (Monthly Avg) 3.9 -7.1%
Month Months Supply
Percent Change
Year-over-Year
January 2017 4.2 -2.3%
March 2017 4.1 -6.8%
February 2017 4.2
January 2017 94,071 -0.7%
March 2017 92,558 -4.9%
February 2017 93,818 -4.0%
-4.5%
May 2017 4.0 -7.0%
April 2017 4.0 -7.0%
July 2017 3.9 -4.9%
June 2017 3.9 -4.9%
September 2017 3.8 -7.3%
August 2017 3.8 -7.3%
November 2017 3.8 -7.3%
October 2017 3.8 -7.3%
January 2018 3.9 -7.1%
December 2017 3.6 -7.7%
90,261 -5.2%
July 2017 88,812 -2.7%
June 2017 89,318 -3.1%
May 2017 90,858 -4.3%
April 2017
-5.7%
September 2017 84,862 -6.1%
August 2017 86,661 -4.5%
October 2017 85,755
Month Inventory
Percent Change
Year-over-Year
January 2018 87,196 -7.3%
87,196 -7.3%YTD (Monthly Avg)
December 2017 82,179 -7.1%
November 2017 85,849 -6.8%
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
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0.0
1.0
2.0
3.0
4.0
5.0
6.0
MonthsSupplyof
Inventory
0
20,000
40,000
60,000
80,000
100,000
120,000
Inventory
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Single Family Homes
Inventory (Active Listings)
The number of property listings active at the end of
the month
2014 2015 2016 2017
Months Supply of Inventory
An estimate of the number of months it will take to
deplete the current Inventory given recent sales rates

9. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
$600,000 - $999,999 95 Days -9.5%
$1,000,000 or more 143 Days -13.9%
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
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
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
$150,000 - $199,999 32 Days -8.6%
$200,000 - $249,999 42 Days -12.5%
$250,000 - $299,999
$400,000 - $599,999 65 Days -17.7%
48 Days -11.1%
$300,000 - $399,999 51 Days -15.0%
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
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.
Sale Price
Median Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 36 Days -12.2%
$1,000,000 or more 522 18.1%
$250,000 - $299,999 2,214 11.8%
$300,000 - $399,999 2,544 14.5%
$50,000 - $99,999 36 Days 2.9%
$100,000 - $149,999
$400,000 - $599,999 1,750 17.0%
$600,000 - $999,999 832 19.2%
31 Days -18.4%
$150,000 - $199,999 2,946 -9.7%
$200,000 - $249,999 2,771 7.2%
$100,000 - $149,999 1,897 -21.2%
Sale Price Closed Sales
Percent Change
Year-over-Year
Less than $50,000 240 -28.4%
$50,000 - $99,999 848 -37.2%
0
20
40
60
80
100
120
140
160
180
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
MedianTimetoContract
January 2017 January 2018
0
20
40
60
80
100
120
140
160
180
0
500
1,000
1,500
2,000
2,500
3,000
3,500
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
ClosedSales
January 2017 January 2018
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Monthly Market Detail - January 2018
Florida
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

10. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
$600,000 - $999,999 10,024 -4.0%
$1,000,000 or more 10,608 -5.3%
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count the number of active listings
on the last day of the month, and hold this number to compare with the
same month the following year. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
$150,000 - $199,999 8,488 -21.0%
$200,000 - $249,999 10,660 -3.2%
$250,000 - $299,999 10,584 4.0%
$300,000 - $399,999 14,785 0.1%
$400,000 - $599,999 14,593 -2.4%
$50,000 - $99,999 2,261 -37.4%
$100,000 - $149,999 4,708 -25.4%
Current Listing Price Inventory
Percent Change
Year-over-Year
Less than $50,000 485 -43.7%
$600,000 - $999,999 2,330 7.5%
$1,000,000 or more 1,693 0.5%
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
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
$150,000 - $199,999 4,697 -5.7%
$200,000 - $249,999 4,990 9.0%
$250,000 - $299,999 4,437 16.5%
$300,000 - $399,999 5,445 8.1%
$400,000 - $599,999 4,392 6.1%
$50,000 - $99,999 1,060 -34.2%
$100,000 - $149,999 2,598 -17.4%
Initial Listing Price New Listings
Percent Change
Year-over-Year
Less than $50,000 237 -36.1%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
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
Inventory
January 2017 January 2018
0
1,000
2,000
3,000
4,000
5,000
6,000
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
NewListings
January 2017 January 2018
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
0
1,000
2,000
3,000
4,000
5,000
6,000
Monthly Market Detail - January 2018
Florida
Single Family Homes
New Listings by Initial Listing Price
The number of properties put onto the market during
the month
Inventory by Current Listing Price
The number of property listings active at the end of
the month

11. Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Short Sale
195 361 -46.0%
$155,000 $173,600 -10.7%
Foreclosure/REO
770 1,351 -43.0%
$167,526 $140,500 19.2%
January 2018 January 2017
Percent Change
Year-over-Year
Traditional
15,599 15,067 3.5%
$245,000 $226,500 8.2%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
MedianSalePrice
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
ClosedSales
Traditional Foreclosure/REO Short Sale
2014 2015 2016 2017
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
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
Monthly Distressed Market - January 2018
Florida
Single Family Homes
2014 2015 2016 2017

12. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Year-to-Date 7,634 5.9%
5.9%
16,069 3.6%
Closed Sales
7,634
96 Days
15,141 2.2%
57,784 -4.8%
6.4 -7.8%
Summary Statistics
Closed Sales
Paid in Cash
95.0%
January 2018
$179,900Median Sale Price
Average Sale Price
Dollar Volume
Median Percent of Original
List Price Received
$161,000 11.7%
$2.2 Billion $1.8 Billion 24.0%
$286,404 $244,520 17.1%
January 2017
Percent Change
Year-over-Year
4,328 4,298 0.7%
7,634 7,209 5.9%
94.6% 0.4%
49 Days 53 Days -7.5%
January 2018
Median Time to Contract
90 Days
11,319
Median Time to Sale
New Pending Sales
New Listings
Month
16,653
Pending Inventory 15,467
Inventory (Active Listings) 54,988
Months Supply of Inventory 5.9
-6.3%
10,469 8.1%
Percent Change
Year-over-Year
7,949
January 2017 7,209
June 2017 10,996
May 2017 11,539
September 2017 7,404
August 2017 9,716
July 2017 9,246
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
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.
December 2017 9,193 6.0%
5.8%
2.2%
November 2017 8,235
October 2017 8,116
6.2%
April 2017 10,292
March 2017 11,193
-4.0%
11.4%
4.1%
-15.9%
2.6%
4.9%
8.0%
3.6%
February 2017
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
Monthly Market Detail - January 2018
Florida
Townhouses and Condos
Closed Sales
The number of sales transactions which closed during
the month
2014 2015 2016 2017
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
ClosedSales

13. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
October 2017
Month Cash Sales
Percent Change
Year-over-Year
January 2018 4,328 0.7%
December 2017 4,774 -1.4%
November 2017 4,483 0.6%
Year-to-Date 4,328 0.7%
5,909 -8.6%
4,175 -5.5%
September 2017 3,900 -20.7%
June 2017 5,799 1.3%
August 2017 5,006 -4.0%
July 2017 4,864 1.3%
January 2018 56.7% -4.9%
December 2017 51.9% -7.0%
November 2017 54.4% -5.1%
October 2017 51.4% -7.6%
-4.8%
September 2017 52.7% -5.7%
August 2017 51.5% -6.5%
July 2017 52.6% -2.2%
June 2017 52.7% -3.5%
May 2017 54.4% -4.7%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not
paid fully in cash) each month involved some sort of financing, such as
mortgages, owner/seller financing, assumed loans, etc.
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are
far more likely to have the funds to purchase a home available up front,
whereas the typical homebuyer requires a mortgage or some other
form of financing. There are, of course, many possible exceptions, so
this statistic should be interpreted with care.
Year-to-Date 56.7% -4.9%
Month
Percent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
February 2017 61.8% -2.7%
January 2017
January 2017 4,298 2.1%
March 2017
59.6% -3.9%
April 2017 57.4%
May 2017 6,278 3.0%
April 2017
6,624 6.0%
February 2017 4,910 1.2%
-4.8%
March 2017 59.2%
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
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
0%
20%
40%
60%
80%
Pct.ofClosedSales
PaidinCash
0
2,000
4,000
6,000
8,000
CashSales
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Townhouses and Condos
Cash Sales
The number of Closed Sales during the month in which
buyers exclusively paid in cash
2014 2015 2016 2017
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month
which were Cash Sales

14. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Month Median Sale Price
Percent Change
Year-over-Year
January 2018 $179,900 11.7%
Year-to-Date $179,900 11.7%
June 2017 $176,820 7.2%
December 2017 $180,000 7.8%
November 2017 $176,000 8.6%
August 2017 $170,000 6.3%
July 2017 $170,950 6.8%
October 2017 $170,000 5.2%
September 2017 $173,000 8.1%
May 2017 $178,000 8.1%
April 2017 $172,000 7.2%
March 2017 $171,000 9.4%
February 2017 $167,500 11.7%
January 2017 $161,000 6.6%
Month Average Sale Price
Percent Change
Year-over-Year
January 2018 $286,404 17.1%
December 2017 $261,604 11.1%
November 2017 $242,765 0.8%
October 2017 $235,345 6.2%
10.7%
September 2017 $239,877 7.9%
August 2017 $234,983 5.5%
July 2017 $244,892 9.8%
June 2017 $255,717 5.9%
May 2017 $261,620 8.0%
17.1%$286,404Year-to-Date
Economists' note : 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. Keep in mind
that median price trends over time are not always solely caused by
changes in the general value of local real estate. Median sale price only
reflects the values of the homes that sold each month, and the mix of
the types of homes that sell can change over time.
Economists' note : Usually, we prefer Median Sale Price over Average
Sale Price as a summary statistic for home prices. However, Average
Sale Price does have its uses—particularly when it is analyzed
alongside the Median Sale Price. For one, the relative difference
between the two statistics can provide some insight into the market for
higher-end homes in an area.
February 2017 $240,977 8.5%
January 2017 $244,520 4.0%
April 2017 $252,582 -0.9%
March 2017 $255,298
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
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
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
AverageSalePrice
$0K
$50K
$100K
$150K
$200K
MedianSalePrice
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Townhouses and Condos
Median Sale Price
The median sale price reported for the month (i.e. 50%
of sales were above and 50% of sales were below)
2014 2015 2016 2017
Average Sale Price
The average sale price reported for the month (i.e.
total sales in dollars divided by the number of sales)

15. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Month Dollar Volume
Percent Change
Year-over-Year
January 2018 $2.2 Billion 24.0%
Year-to-Date $2.2 Billion 24.0%
11.1%
December 2017 $2.4 Billion 17.8%
November 2017 $2.0 Billion 6.7%
$2.6 Billion -4.9%
October 2017 $1.9 Billion 8.6%
September 2017 $1.8 Billion -9.2%
August 2017 $2.3 Billion 8.3%
July 2017 $2.3 Billion 13.7%
June 2017 $2.8 Billion
January 2018 95.0% 0.4%
December 2017 95.1% 0.4%
November 2017 95.1% 0.4%
October 2017 95.0% 0.2%
0.2%
September 2017 95.0% 0.2%
August 2017 95.1% 0.5%
July 2017 95.0% 0.4%
June 2017 94.8% 0.2%
May 2017 94.7% 0.1%
Economists' note : The Median Percent of Original List Price Received
is useful as an indicator of market recovery, since it typically rises as
buyers realize that the market may be moving away from them and
they need to match the selling price (or better it) in order to get a
contract on the house. This is usually the last measure to indicate a
market has shifted from down to up, so it is what we would call a
lagging indicator.
Economists' note : 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, and is of particular interest to
real estate professionals, investors, analysts, and government agencies.
Potential home sellers and home buyers, on the other hand, will likely
be better served by paying attention to trends in the two components
of Dollar Volume (i.e. sales and prices) individually.
0.4%95.0%Year-to-Date
Month
Med. Pct. of Orig.
List Price Received
Percent Change
Year-over-Year
February 2017 94.7% 0.3%
January 2017
January 2017 $1.8 Billion 10.4%
March 2017
94.6% 0.2%
April 2017 94.7%
May 2017 $3.0 Billion 16.7%
April 2017
$2.9 Billion 23.2%
February 2017 $1.9 Billion 12.9%
0.2%
March 2017 94.7%
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
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
0%
20%
40%
60%
80%
100%
Med.Pct.ofOrig.
ListPriceReceived
$0
$500 M
$1 B
$2 B
$2 B
$3 B
$3 B
$4 B
DollarVolume
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Townhouses and Condos
Dollar Volume
The sum of the sale prices for all sales which closed
during the month
2014 2015 2016 2017
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

16. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
52 Days 0.0%
October 2017 50 Days -3.8%
May 2017 49 Days -2.0%
Month
Median Time to
Contract
Percent Change
Year-over-Year
January 2018 49 Days -7.5%
49 Days -7.5%Year-to-Date
December 2017 47 Days -9.6%
November 2017
July 2017 50 Days -3.8%
June 2017 52 Days 0.0%
September 2017 47 Days -14.5%
August 2017 49 Days -9.3%
50 Days 4.2%
March 2017 52 Days 6.1%
April 2017
February 2017 59 Days 1.7%
January 2017 53 Days -1.9%
Month Median Time to Sale
Percent Change
Year-over-Year
January 2018 90 Days -6.3%
-6.3%90 DaysYear-to-Date
December 2017 84 Days -11.6%
November 2017 91 Days -5.2%
0.0%
October 2017 93 Days -3.1%
September 2017 93 Days -6.1%
August 2017 91 Days -7.1%
July 2017 91 Days -6.2%
June 2017 94 Days -4.1%
January 2017 96 Days -2.0%
Economists' note : Time to Sale is a measure of the length of the home
selling process, calculated as the number of days between the initial
listing of a property and the closing of the sale. Median Time to Sale is
the amount of time the "middle" property selling this month was on
the market. That is, 50% of homes selling this month took less time to
sell, and 50% of homes took more time to sell. Median Time to Sale
gives a more accurate picture than Average Time to Sale, which can be
skewed upward by small numbers of properties taking an abnormally
long time to sell.
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
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
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
March 2017 92 Days 1.1%
February 2017 98 Days -1.0%
May 2017 91 Days -3.2%
April 2017 90 Days
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
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
0
20
40
60
80
100
120
MedianTimeto
Sale
0
20
40
60
80
MedianTimeto
ContractMonthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Townhouses and Condos
Median Time to Contract
The median number of days between the listing date
and contract date for all Closed Sales during the month
2014 2015 2016 2017
Median Time to Sale
The median number of days between the listing date
and closing date for all Closed Sales during the month

17. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
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
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Month New Pending Sales
Percent Change
Year-over-Year
January 2018 11,319 8.1%
Year-to-Date 11,319 8.1%
June 2017 10,983 6.4%
December 2017 8,313 3.6%
November 2017 9,533 9.3%
August 2017 11,097 8.1%
July 2017 10,279 3.6%
October 2017 9,800 12.9%
September 2017 6,336 -32.7%
May 2017 11,752 8.5%
April 2017 11,592 -5.5%
March 2017 13,510 7.4%
February 2017 11,297 0.5%
January 2017 10,469 6.5%
Month New Listings
Percent Change
Year-over-Year
January 2018 16,653 3.6%
December 2017 10,507 -0.8%
November 2017 13,165 5.9%
October 2017 13,521 14.6%
12,789 4.2%
May 2017 13,607 5.9%
January 2017 16,069 0.9%
April 2017 13,349 -8.1%
March 2017 15,495 -0.1%
Year-to-Date 16,653 3.6%
February 2017 14,327 -11.0%
September 2017 8,196 -31.1%
August 2017 12,771 3.2%
July 2017 11,920 5.5%
June 2017
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
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
0
5,000
10,000
15,000
20,000
NewListings
0
5,000
10,000
15,000
PendingSales
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Townhouses and Condos
New Pending Sales
The number of listed properties that went under
contract during the month
2014 2015 2016 2017
New Listings
The number of properties put onto the market during
the month

18. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count the number of active listings
on the last day of the month, and hold this number to compare with the
same month the following year. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
Economists' note : MSI is a useful indicator of market conditions. The
benchmark for a balanced market (favoring neither buyer nor seller) is
5.5 months of inventory. Anything higher is traditionally a buyers'
market, and anything lower is a sellers' market. There is no single
accepted way of calculating MSI. A common method is to divide
current Inventory by the most recent month's Closed Sales count, but
this count is a usually poor predictor of future Closed Sales due to
seasonal cycles. To eliminate seasonal effects, we use the 12-month
average of monthly Closed Sales instead.
YTD (Monthly Avg) 5.9 -7.8%
Month Months Supply
Percent Change
Year-over-Year
January 2017 6.4 10.3%
March 2017 6.3 1.6%
February 2017 6.4
January 2017 57,784 6.3%
March 2017 57,204 -0.1%
February 2017 58,205 1.3%
3.2%
May 2017 6.0 -1.6%
April 2017 6.1 -1.6%
July 2017 5.6 -3.4%
June 2017 5.8 -1.7%
September 2017 5.5 -3.5%
August 2017 5.4 -5.3%
November 2017 5.7 -5.0%
October 2017 5.6 -5.1%
January 2018 5.9 -7.8%
December 2017 5.6 -6.7%
55,895 -1.3%
July 2017 51,992 -1.2%
June 2017 53,389 -1.2%
May 2017 55,134 -1.4%
April 2017
-3.4%
September 2017 49,948 -3.8%
August 2017 50,519 -3.1%
October 2017 51,275
Month Inventory
Percent Change
Year-over-Year
January 2018 54,988 -4.8%
54,988 -4.8%YTD (Monthly Avg)
December 2017 51,720 -4.0%
November 2017 52,807 -3.4%
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
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
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
MonthsSupplyof
Inventory
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Inventory
Monthly Market Detail - January 2018
2014 2015 2016 2017
Florida
Townhouses and Condos
Inventory (Active Listings)
The number of property listings active at the end of
the month
2014 2015 2016 2017
Months Supply of Inventory
An estimate of the number of months it will take to
deplete the current Inventory given recent sales rates

19. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
$600,000 - $999,999 104 Days -10.3%
$1,000,000 or more 69 Days -55.8%
Economists' note : Like Time to Sale, Time to Contract is a measure of
the length of the home selling process calculated for sales which closed
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
Sale grows, it is usually a sign of longer closing times and/or declining
numbers of cash sales.
$150,000 - $199,999 44 Days -8.3%
$200,000 - $249,999 51 Days -5.6%
$250,000 - $299,999
$400,000 - $599,999 91 Days -23.5%
65 Days -11.0%
$300,000 - $399,999 63 Days -16.0%
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
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.
Sale Price
Median Time to
Contract
Percent Change
Year-over-Year
Less than $50,000 65 Days 41.3%
$1,000,000 or more 324 81.0%
$250,000 - $299,999 634 13.2%
$300,000 - $399,999 647 12.5%
$50,000 - $99,999 38 Days -2.6%
$100,000 - $149,999
$400,000 - $599,999 498 29.4%
$600,000 - $999,999 283 6.4%
36 Days -10.0%
$150,000 - $199,999 1,324 11.3%
$200,000 - $249,999 978 21.0%
$100,000 - $149,999 1,540 1.7%
Sale Price Closed Sales
Percent Change
Year-over-Year
Less than $50,000 229 -39.4%
$50,000 - $99,999 1,177 -13.1%
0
20
40
60
80
100
120
140
160
180
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
MedianTimetoContract
January 2017 January 2018
0
20
40
60
80
100
120
140
160
180
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
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
ClosedSales
January 2017 January 2018
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Monthly Market Detail - January 2018
Florida
Townhouses and Condos
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

20. Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
$600,000 - $999,999 5,439 2.5%
$1,000,000 or more 5,195 0.7%
Economists' note : There are a number of ways to define and calculate
Inventory. Our method is to simply count the number of active listings
on the last day of the month, and hold this number to compare with the
same month the following year. Inventory rises when New Listings are
outpacing the number of listings that go off-market (regardless of
whether they actually sell). Likewise, it falls when New Listings aren't
keeping up with the rate at which homes are going off-market.
$150,000 - $199,999 6,888 -2.5%
$200,000 - $249,999 5,925 -3.5%
$250,000 - $299,999 5,515 0.0%
$300,000 - $399,999 7,484 -0.7%
$400,000 - $599,999 7,215 -2.1%
$50,000 - $99,999 4,597 -19.0%
$100,000 - $149,999 5,975 -13.1%
Current Listing Price Inventory
Percent Change
Year-over-Year
Less than $50,000 755 -33.6%
$600,000 - $999,999 989 13.0%
$1,000,000 or more 828 9.5%
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
properties that were recently taken off the market and quickly relisted,
since these are not really new listings.
$150,000 - $199,999 2,748 11.5%
$200,000 - $249,999 2,118 12.1%
$250,000 - $299,999 1,632 6.7%
$300,000 - $399,999 1,941 13.3%
$400,000 - $599,999 1,481 4.6%
$50,000 - $99,999 1,962 -12.6%
$100,000 - $149,999 2,692 -2.2%
Initial Listing Price New Listings
Percent Change
Year-over-Year
Less than $50,000 262 -38.9%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
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
Inventory
January 2017 January 2018
0
500
1,000
1,500
2,000
2,500
3,000
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
NewListings
January 2017 January 2018
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
0
500
1,000
1,500
2,000
2,500
3,000
Monthly Market Detail - January 2018
Florida
Townhouses and Condos
New Listings by Initial Listing Price
The number of properties put onto the market during
the month
Inventory by Current Listing Price
The number of property listings active at the end of
the month

21. Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, February 21, 2018. Next data release is Wednesday, March 21, 2018.
Short Sale
54 80 -32.5%
$135,000 $111,000 21.6%
Foreclosure/REO
263 413 -36.3%
$131,625 $110,000 19.7%
January 2018 January 2017
Percent Change
Year-over-Year
Traditional
7,317 6,716 8.9%
$182,000 $167,500 8.7%
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
MedianSalePrice
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
ClosedSales
Traditional Foreclosure/REO Short Sale
2014 2015 2016 2017
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
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
Monthly Distressed Market - January 2018
Florida
Townhouses and Condos
2014 2015 2016 2017