Rosemary Beach Real Estate and North side Market statistics are below. Absorption rate dropped YOY by 22.69% and 6.17% YTD. This indicates it would take 5.86 months to sell all of the inventory currently on the market and with the decrease in time to sell, inventory is tighter. Average list price increased by 10.64% YOY and stands at 2.45% for the year. Although this is a nice increase for the month of September 2015 compared to that of September 2014, the YTD increase is nominal. We shall see how this works out at the end of the year. Median list price on the other hand is a bit lower across the board. Median takes out the extreme highs and lows and is often a better indicator of true market pricing. The average sale price jumped 16.62%. Wow! Nice……..if you are a seller. YTD is a positive 8.01%. Median sale price dropped a nominal 0.77% but YTD remains a very positive statistic for sellers at 21.61%. This is very impressive relating to the Rosemary Beach Real Estate market strength. Average days on market decreased by 46.07 YOY and 38.39% YTD with median jumping 800% YOY and 81.03% YTD indicating although a few homes may have sold quickly creating extremes on averages when taking the middle homes are taking a bit longer to sell. There was 1 less sale in the compared to last year but 3 more for the year. There is 1 less pending sale for the month from last year but 2 more for the year. Active listings for the year are almost dead even YTD and new listings are down by 4 total. So, it looks as though sellers aren’t jumping to sell so much and prices are continuing to rise.
|Sep-15||Sep-14||% Chg||2015 YTD||2014 YTD||% Chg|
|Average List Price||$1,489,667||$1,346,417||10.64||$1,334,704||$1,302,731||2.45|
|Median List Price||$1,365,000||$1,335,000||2.25||$1,339,000||$1,285,000||4.20|
|Average Sale Price||$1,405,000||$1,204,800||16.62||$1,196,278||$1,107,605||8.01|
|Median Sale Price||$1,285,000||$1,295,000||-0.77||$1,210,000||$995,000||21.61|