The local Residential Panama City Florida Real Estate Market statistics and summaries for June, 2009 are now available for your convenience.
For the most part, the market continues to hold steady with slight increases and decreases in expected areas:
- An increase in expired listings shows agents continue to take overpriced listings that will not sell in today's market. Sellers must be educated when pricing their homes for sale. It remains a buyers market and homes must be priced accordingly.
- Condo sales decreased slightly in part due to short sales and foreclosures as well as low appraisal values. The time-to-close factor plays a significant role in actual sales. In addition, smartly market priced condos continue to sell well.