Panama City Real Estate Market Update June 2012

The Panama City real estate market has been better than it has been in years for the last few month, and June continued the trend.  162 single family houses sold in June, a volume that we haven’t seen in five years!  Yes, prices are down, but at least things are selling again and inventory continues to drop.  The bad news is that the pace of foreclosures is accelerating, meaning that inventory will probably rise and prices drop at some point in the future.  We aren’t out of the woods yet, but right now is a window of opportunity for seller.  Buyers are looking, and buying!  The time to sell is NOW, before the next wave of foreclosures hit.

If you are having a hard time selling your house, I can help.  I buy houses, pretty or ugly, and I can usually close in a week or less.  I have been buying houses in Bay County since 1989, so you can deal with me with confidence.  Call me at 850-763-7355 and let’s talk about your situation.  I would like to help you get your house SOLD!


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