Real Estate Market Update - April 2013
We are once again pleased to provide our customers with our monthly real estate market updates. Over the past several months our MLS has gone through several changes. We've avoided publishing the market update while waiting for those changes to settle and finalize.
This report describes member activity for the Bay County association and is not confined to any specific geographic area.
Overall, median prices for single family homes continue to rise, as do prices for condos and townhomes.
In addition, the average number of days on market (DOM) continues to decrease for both Single family homes and condos an townhomes.
You've seen these advertisements for "Sell your home in 90 days or I'll sell it free" (which by the way is impossible since no real estate agent will show a propery that has no commission attached to it).The average days on market for a correctly priced home or condo (depending on price, please view the report for full details) is less than 30! You can download the full market report here: Panama City Real Estate Market Update April 2013
Welcome to our Panama City Beach real estate blog. Please share your thoughts and opinions as comments are always welcome, whether you are a consumer, journalist or another real estate professional.
Our blog includes local and relevant national real estate information, Condo and Home market statistics, personal and professional insights and information about various neighborhoods, subdivisions and listings. If you would like additonal information on any of our topics, please contact me directly and I will be glad to assist you.