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Home Destin Home Sales and Inventory Stats for ...

Destin Home Sales and Inventory Stats for July (Destin-Inlet Beach)

July showed a sharp drop off in sales compared to the last several months. Prices have also tumbled just as far. In my opinion, the next 12 months will be the best buying time in this area in the past decade. I believe that many people are surviving through the summer on rental income and once that disappears we will see further price drops. It looks like many people are holding off to buy when this happens.

We are finally hearing better things in the media about the housing market and overall economy. I don't think the bottom is too far off at this point. We all know that the worst is usually over before you realize it is.

Sales and Inventory Report
Category - Detached Single Family
Statistics for Entire MLS from 1/1/2006 - 12/31/2008
Areas:14,15,16,17,18

MonthYearMonthly SalesAvg List $Avg Sale $Median Sold $Avg DOM% Sold/ListCurrent InventoryMonths Inventory
January 2006 42 $944,555 $877,819 $509,500 148.16 92.93% 1829 43.54
February 2006 49 $804,299 $756,378 $425,000 129.93 94.04% 1938 39.55
March 2006 64 $795,214 $738,496 $508,500 127.73 92.86% 2088 32.62
April 2006 42 $1,213,502 $1,084,967 $610,000 130.33 89.40% 2324 55.33
May 2006 59 $821,216 $757,928 $520,000 166.62 92.29% 2489 42.18
June 2006 60 $801,315 $717,626 $530,500 140.91 89.55% 2580 43.00
July 2006 68 $872,029 $785,669 $594,500 154.73 90.09% 2648 38.94
August 2006 58 $947,416 $893,224 $697,500 151.72 94.27% 2596 44.75
September 2006 47 $1,104,089 $1,044,400 $600,000 122.68 94.59% 2611 55.55
October 2006 54 $1,198,674 $1,085,905 $642,500 150.01 90.59% 2515 46.57
November 2006 34 $890,405 $821,695 $540,000 199.52 92.28% 2409 70.85
December 2006 41 $992,745 $908,699 $675,000 176.07 91.53% 2366 57.70
Annual: 618 $937,408 $861,960 558,750 148 91.95% 2366 47.55
MonthYearMonthly SalesAvg List $Avg Sale $Median Sold $Avg DOM% Sold/ListCurrent InventoryMonths Inventory
January 2007 35 $986,548 $878,286 $700,000 196.51 89.02% 2246 64.17
February 2007 45 $872,323 $755,832 $560,000 217.13 86.64% 2325 51.66
March 2007 61 $927,461 $849,824 $521,000 208.06 91.62% 2427 39.78
April 2007 66 $927,835 $851,846 $517,000 176.06 91.81% 2543 38.53
May 2007 67 $962,431 $852,637 $531,000 232.10 88.59% 2663 39.74
June 2007 74 $1,169,505 $1,051,423 $559,250 192.72 89.90% 2713 36.66
July 2007 72 $991,276 $885,040 $612,500 210.56 89.28% 2754 38.25
August 2007 66 $1,021,511 $905,199 $466,000 215.36 88.61% 2736 41.45
September 2007 48 $841,265 $776,862 $527,500 154.52 92.34% 2719 56.64
October 2007 49 $830,587 $769,904 $527,000 209.86 92.69% 2620 53.46
November 2007 39 $1,011,455 $891,039 $475,000 162.83 88.09% 2613 67.00
December 2007 51 $826,026 $742,499 $513,500 213.04 89.88% 2552 50.03
Annual: 673 $944,373 $848,371 518,500 201 89.87% 2575 48.11
MonthYearMonthly SalesAvg List $Avg Sale $Median Sold $Avg DOM% Sold/ListCurrent InventoryMonths Inventory
January 2008 46 $717,685 $660,467 $385,500 203.53 92.02% 2455 53.36
February 2008 49 $716,614 $606,238 $432,500 246.77 84.59% 2451 50.02
March 2008 64 $613,950 $554,810 $415,750 190.84 90.36% 2454 38.34
April 2008 66 $875,643 $771,943 $429,150 252.14 88.15% 2469 37.40
May 2008 81 $742,771 $659,038 $438,000 185.97 88.72% 2486 30.69
June 2008 85 $830,923 $731,335 $485,000 210.81 88.01% 2479 29.16
July 2008 51 $693,112 $611,022 $430,000 181.22 88.15% 2418 47.41
August 2008 0 0 0 0 0.00 0.00% 2368 0.00
September 2008 0 0 0 0 0.00 0.00% 2369 0.00
October 2008 0 0 0 0 0.00 0.00% 2369 0.00
November 2008 0 0 0 0 0.00 0.00% 2369 0.00
December 2008 0 0 0 0 0.00 0.00% 2369 0.00
Annual: 442 $758,579 $671,942 430,000 204 88.50% 1434 23.86

Annual: 2006 - 2008 1733 $897,138 $810,609 515,000 183 90.35%

Posted Sunday Aug 03