Guest Blogger: Jeff Payne-Great News for Panama City and Bay County Single Family Homeowners.

Great news for Panama City and Bay County Single Family Homeowners! Prices are rising

The first quarter of 2013 numbers for single family homes in Bay County (Panama City and Beaches of Florida) show an increase again, the 4th consecutive increase quarterly since pre 2006.

The first quarter of 2013 compared to the same period in 2012 showed an increase in  median sales price of 14.8% and an increase in sales volume of 27.8% while seeing inventory shrink by 10.2%.

Currently there are 9 months worth of inventory on the market, down from 24 months in 2008.  Supply is decreasing while demand is increasing.

If you have been thinking of buying, don’t wait for the values to go up before you purchase, BUY NOW!

Contact Jeff at: 850-392-177