The Florida Real Estate Market statistics and summaries for the Panama City area for June, 2009 are now available for your convenience and download. The Panama City Florida real estate market continues to maintain itself with slight increases and decreases in expected areas:
- An increase in expired listings shows agents continue to take overpriced listings that will not sell in today's market. Sellers must be educated when pricing their homes for sale. It remains a buyers market and homes must be priced accordingly.
- Condo sales decreased slightly in part due to short sales and foreclosures as well as low appraisal values. The time-to-close factor plays a significant role in actual sale closings. In addition, smartly market priced condos continue to sell well.
Read more at the Florida Real Estate Blog
If you are considering purchasing a home, condo or commercial property contact me directly.
It's not just a short sale and foreclosure market. There are many condos and homes priced to sell in today's market.
Best wishes to all...
Florida Real Estate | Panama City
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