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.
- Single family home sales continue to increase also due to the short sale and foreclosure market.
- While the average single family home price decreased slightly.
If you are considering purchasing a home, condo or commercial property contact me directly. The Panama City Real Estate team and I are here to help you make your next purchase as easy and stress free as possible.
Best wishes to all...