📊 Panama City Beach Real Estate Market Update - Q2 2024

Welcome to our latest market analysis focusing on the Detached Single Family Homes and condos in Panama City Beach! In this video, we'll dive into the months of inventory for both market segments, breaking down the data to help you understand current trends and what it means for buyers and sellers.

Key Highlights:

Detached Single Family Homes:

Starting 2023 with 5.93 months of inventory, we saw a dip to 2-3 months from March to August. Inventory spiked to 8.36 months at the beginning of 2024, then stabilized around 6-7 months in Q2.

Condominium:

In 2023 we were around 2-3 months. In Quarter 2 this year we have went from 8.21 months to 14.09 months which is a strong buyers market. There are many factors that are impacting the condo market such as higher HOA dues, lower rental numbers and interest rates.


📞 Contact Us:

Email: Jacob@Durangroupfl.com
Phone: (850)867-3301
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