Inventories Drop to Lowest Level & Sales Rise to 4 Year High

Posted on by admin_fletcher

Real Estate on the Emerald Coast  showed movement in the right direction last month. January 2011 saw same-month sales rise to a 4 year high, while inventories shrank to it lowest point in a long. long time. There is currently an 18.92 month supply of single family homes …a great decrease from a few years ago when that number reached almost 30 months.

    Monthly Sales Monthly Volume Average Sale Average $/SqFt Current Inventory Months Inventory
               
January 2008 218 $67,395,071 $309,151 $154 6515 29.88
January 2009 186 $46,326,193 $249,065 $119 5537 29.76
January 2010 219 $68,351,188 $312,105 $136 4611 21.05
January 2011 228 $65,243,072 $286,153 $124 4314 18.92

*Single Family Home Sales – Statistics for the Entire MLS from the Emerald Coast Assoc of Realtors

Sales figures for Okaloosa, Santa Rosa and Walton counties show all three areas posted large increases in the real estate market.  Consumer confidence is coming back enough that people are buying up the inventory.  Condominium and townhome sales for each of the three counties also showed double-digit increases, with sales in Okaloosa County jumping 41.38 percent, Walton County up 21.67 percent and Santa Rosa County 66.67 percent.

850-837-1388 FletcherSales Realty, Inc.

 

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