Monthly Market Detail - June 2018 Townhouses and Condos Miami-Dade County

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1 ly Market Detail - June 218 Summary Statistics June 218 June 217 Paid in Cash 1,257 1,323-5.% % $24, $235, 2.1% Average Sale Price Dollar Volume $439,546 $384, % $552.5 Million $58.5 Million 8.7% Median Percent of Original List Price Received 93.5% 93.8% -.3% Median Time to Contract 74 Days 73 Days 1.4% Median Time to Sale 115 Days 119 Days -3.4% New Pending Sales 1,421 2,179 1,43 -.6% 2, % Pending Inventory 2,578 Inventory (Active Listings) 15,264 s Supply of Inventory ,34 1.2% 15,67 1.3% % The number of sales transactions which closed during : are one of the simplest yet most important indicators for the residential real estate market. When Year-to-Date June 218 7,4 1,257.4% -5.% May 218 1,392.6% April 218 1, % March 218 1, % February % January % December 217 1, % November % October % September % August 217 1,85-5.7% July 217 1, % June 217 1, % 2, ,5 1, 5

2 ly Market Detail - June 218 Cash Sales The number of during in which buyers exclusively paid in cash Cash Sales Year-to-Date 3, % June % May % April % March % February % January % December % November % October % September % August % July % June % Cash Sales 1,2 1, Cash Sales as a Percentage of The percentage of during which were Cash Sales Percent of Closed Sales Paid in Cash Year-to-Date 53.1% -5.9% June % 1.6% May % -5.4% April % -3.3% March % -8.9% February % -1.9% January % -9.1% December % -8.% November % -5.1% October % -7.7% September %.3% August % -9.5% July % -1.6% June % -13.3% Pct. of Paid in Cash 8% 6% 4% 2% %

3 ly Market Detail - June 218 The median sale price reported for (i.e. 5% of sales were above and 5% of sales were below) sold Year-to-Date $237,5 5.6% June 218 $24, 2.1% May 218 $245, 8.9% April 218 $241, % March 218 $23, 2.2% February 218 $23, 4.5% January 218 $23, 3.5% December 217 $235, 11.9% November 217 $23, 5.9% October 217 $216,25 1.1% September 217 $234,5 7.1% August 217 $225, 4.7% July 217 $225,.% June 217 $235, 6.8% $3K $25K $2K $15K $1K $5K $K Average Sale Price The average sale price reported for (i.e. total sales in dollars divided by the number of sales) Sale Price does have its uses particularly when it is analyzed Average Sale Price Year-to-Date $428, % June 218 $439, % May 218 $463,96 24.% April 218 $48, % March 218 $47, % February 218 $435, % January 218 $46, % December 217 $385, % November 217 $346, % October 217 $365, % September 217 $379,24 8.7% August 217 $33, % July 217 $367,652 9.% June 217 $384, % Average Sale Price $5K $4K $3K $2K $1K $K

4 ly Market Detail - June 218 Dollar Volume The sum of the sale prices for all sales which closed during Dollar Volume Year-to-Date $3. Billion 12.4% June 218 $552.5 Million 8.7% May 218 $645.8 Million 24.7% April 218 $565.4 Million 4.8% March 218 $425. Million -25.4% February 218 $427.9 Million 17.2% January 218 $383.8 Million 25.6% December 217 $444.7 Million 31.2% November 217 $334.6 Million -8.2% October 217 $364.6 Million 6.% September 217 $34.7 Million -17.9% August 217 $359.1 Million -6.8% July 217 $416.2 Million 11.8% June 217 $58.5 Million 1.4% Volume Dollar $7 M $6 M $5 M $4 M $3 M $2 M $1 M $ 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 lagging Med. Pct. of Orig. List Price Received Year-to-Date 93.6%.% June % -.3% May % -.4% April % -.1% March %.5% February %.8% January % -.5% December % -.6% November %.% October % -.1% September % -.3% August %.1% July % -.5% June % -.4% Med. Pct. of Orig. List Price Received 1% 8% 6% 4% 2% %

5 ly Market Detail - June 218 Median Time to Contract The median number of days between the listing date and contract date for all during Median Time to Contract Year-to-Date 78 Days.% June Days 1.4% May Days -2.7% April Days 3.9% March Days -8.4% February Days.% January Days -11.8% December Days 16.% November Days 14.1% October Days 2.6% September Days.% August Days -8.3% July Days -1.4% June Days 9.% Median Time to Contract Median Time to Sale The median number of days between the listing date and closing date for all during more Median less Median Time to Sale Year-to-Date 119 Days -2.5% June Days -3.4% May Days -2.6% April Days.8% March Days -7.3% February Days -3.1% January Days -6.1% December Days 3.3% November Days 2.5% October Days 2.4% September Days -3.2% August Days -15.1% July Days -2.5% June Days.% Median Time to Sale

6 ly Market Detail - June 218 New Pending Sales The number of listed properties that went under contract during New Pending Sales Year-to-Date 8,641.8% June 218 1, % May 218 1,533.2% April 218 1, % March 218 1, % February 218 1,37.6% January 218 1, % December 217 1,7-2.% November 217 1, % October 217 1,22 7.% September % August 217 1, % July 217 1, % June 217 1,43 4.2% 2, Pending Sales 2, 1,5 1, 5 The number of properties put onto the market during of value and in the most recent cycle, rising prices have freed up new Year-to-Date 14, % June 218 2, % May 218 2, % April 218 2, % March 218 2, % February 218 2,59 7.3% January 218 2, % December 217 1,782-4.% November 217 2,29 3.3% October 217 2, % September 217 1, % August 217 2, % July 217 2, % June 217 2, % 3, 2,5 2, 1,5 1,

7 ly Market Detail - June 218 Inventory (Active Listings) The number of property listings active at the end of Inventory YTD (ly Avg) 15, % June , % May ,52 1.1% April , % March ,43 4.1% February ,92 4.% January , % December , % November , % October , % September , % August ,3 7.% July ,77 7.% June ,67 6.9% 2, Inventory 15, 1, 5, s Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates s Supply YTD (ly Avg) % June % May % April % March % February % January % December % November % October % September % August % July % June % s Supply of Inventory

8 ly Market Detail - June 218 by Sale Price The number of sales transactions which closed during : important indicators June 217 June 218 simplest yet Sale Price Less than $5, 8.% $5, - $99, % $1, - $149, % $15, - $199, % $2, - $249, % $25, - $299, % $3, - $399, % $4, - $599, % $6, - $999, % $1,, or more % Less than $5, $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more Median Time to Contract Median Time to Contract by Sale Price The median number of days between the listing date and contract date for all during Less than $5, June 217 June 218 $5, - $99,999 $1, - $149,999 $15, - $199,999 $2, - $249,999 $25, - $299,999 Sale Price $15, - $199, Days 25.6% $2, - $249,999 6 Days -7.7% $25, - $299,999 Median Time to Contract Less than $5, 35 Days -83.6% $5, - $99, Days -6.% $1, - $149, Days 24.4% 54 Days -21.7% $3, - $399, Days 12.2% $4, - $599, Days -23.8% $6, - $999, Days -21.3% $1,, or more 263 Days -4.4% $3, - $399,999 $4, - $599,999 $6, - $999,999 $1,, or more

9 ly Market Detail - June 218 Inventory by Initial Listing Price The number of properties put onto the market during : value and ,5 3, 2,5 2, 1,5 1, 5 Less than $5, Less than $5, new June 217 June 218 $5, - $99,999 $5, - $99,999 $1, - $149,999 $1, - $149,999 $15, - $199,999 June 217 June 218 $15, - $199,999 $2, - $249,999 Inventory by Current Listing Price The number of property listings active at the end of $2, - $249,999 $25, - $299,999 $25, - $299,999 Initial Listing Price $5, - $99, % $1, - $149, % $15, - $199, % $2, - $249, % $25, - $299, % $3, - $399, % $4, - $599, % $6, - $999, % $1,, or more % Current Listing Price Inventory Less than $5, % $3, - $399,999 Less than $5, % $5, - $99, % $1, - $149, % $15, - $199,999 1,215 5.% $2, - $249,999 1, % $25, - $299,999 1, % $3, - $399,999 2, % $4, - $599,999 2,74-2.2% $6, - $999,999 2,3 4.3% $1,, or more 2, % $3, - $399,999 $4, - $599,999 $4, - $599,999 $6, - $999,999 $6, - $999,999 $1,, or more $1,, or more ,5 3, 2,5 2, 1,5 1, 5

10 ly Distressed Market - June 218 June 218 June 217 Traditional 1,188 1,29-1.7% $245, $244,175.3% Foreclosure/REO % $161,25 $149,5 8.2% Short Sale % $21, $14, 5.% 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % $3, Traditional Foreclosure/REO Short Sale $25, $2, $15, $1, $5, $