Methodology
Figures in this report are based on data from the My Florida Regional Multiple Listing Service (MLS).
Closed Sales figures for are based on reported transactions at the time the report was prepared, shortly after the end of the quarter. This figure may not reflect transactions which closed in 4Q but were not closed out in MLS in a timely manner.
Average Price is the total of all sales volume divided by the number of sales.
Median Price is the middle or mid-point price where half of all sales fall below and half fall above this number. The median figure is less skewed by high price point sales than the average figure.
Days on Market (DOM) measures the time between when a property was listed and when it went under contract. This figure applies only to properties which were listed and sold through MLS.
Inventory is a count of all properties currently listed for sale in the MLS and is measured within one week after the end of the quarter. It does not include unsold yet unlisted units in new construction communities (shadow inventory).
Months of Supply levels are an estimate of how long it would take to sell all currently listed properties based on the average number of closed sales over the last 6 months. A six month supply of housing is widely considered to be supply-demand equilibrium, with lower inventory levels favoring sellers and higher inventory levels favoring buyers.
