The Panama City Real Estate market is starting to heat up, the 4th quarter of 2009 was much better than the 4th quarter of 2007 and 2008. Take a look at the chart below, 2009 sales is represented with the purple bar and 2008 is represented with the green bar.
What does this mean for you? If you are a buyer, the bottom may be here. How do we know when the bottom hits? When prices start to go back up and when the inventory starts to go down.
If you are thinking of buying, keep in mind that this graph shows that others are also thinking of buying or are buying.
If you are thinking of selling, keep in mind that buyers are buying, more sales are occurring, now could be the time to get your home on the market!