The Panama City Real Estate market summaryhas been posted and the results are less than conforting...
Total Condo sales took quite a beating in July even though prices dipped slightly. Hopefully, the decrease in the mortgage rate will help remedy this in August.
Home sales however, only dipped slightly thanks to prices falling significantly.
Panama City Condo and Home Sales:Foreclosures and short-sales.continue to be a significant factor in driving down prices or both condos and homes in the local real estate market. These property types continue to drive sales as well as home and condo values.
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