The Panama City Real Estate market summaryhas been posted and the results are a bit more conforting than last month...
Total Condo sales improved slightly over July while prices increased slightly. Hopefully, this trend will continue through the end of the year. We have seen the bottom of the market just past us.
Home sales followed the condo trend, which could very well signify the market is moving upwards again.
Panama City Condo and Home Sales:Foreclosures and short-sales. continue to be a significant factor in kepping prices below market values on both condos and homes in the local real estate market. These property types continue to drive sales as well as home and condo values however, regular property sales are seeing a slight rebound.
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