Panama City Real Estate Market Update October 2012
Things are slowing down a bit after the best summer that the Panama City real estate market has had in years.  136 single family houses sold last month at a median sales price of $152,000.  The average house took 151 days to sell, and the average “dollars per square foot” figure was $93.

We ended October with 1308 houses on the market, which equates to 10 months worth of inventory.

Foreclosure cases continue to be filed at a rapid pace, with 168 new cases filed and 129 foreclosures completed.  This indicates that a wave of distressed inventory may be crashing over us in 2013.

If you have a house that you need to sell fast, I can help!  I buy houses, pretty or ugly, and have been buying houses in Bay County since 1989.  I can give you a quick cash sale and take your house in any condition.  Call me at 850-763-7355 and get that house sold!

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