Tuesday, June 9, 2020 / by Nathan Lawrence
Summary Statistics
May-20
May-19
% Chg
2020 YTD
2019 YTD
% Chg
Absorption Rate
4.7
4.54
3.52
4.55
4.41
3.17
Average List Price
$369,559
$380,052
-2.76
$314,377
$311,345
0.97
Median List Price
$279,500
$285,000
-1.93
$250,000
$248,000
0.81
Average Sale Price
$236,291
$236,447
-0.07
$251,728
$230,977
8.98
Median Sale Price
$224,999
$205,000
9.76
$228,800
$206,500
10.80
Average CDOM
77
68
13.24
70
71
-1.41
Median CDOM
44
20
120.00
35
23
52.17
Sold Listings
This Month
Year to Date
2020
2019
% Chg
2020
2019
% Chg
0-29,999
13
10
30.0
56
68
-17.6
30,000-39,999
9
14
-35.7
36
53
-32.1
40,000-49,999
5
17
-70.6
32
70
-54.3
50,000-59,999
9
14
-35.7
48
57
-15.8
60,000-69,999
7
11
-36.4
43
62
-30.6
70,000-79,999
6
12
-50.0
31
78
-60.3
80,000-89,999
7
17
-58.8
39
57
-31.6
90,000-99,999
5
12
-58.3
32
54
-40.7
100,000-119,999 ...
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bay county florida housing market, panama city beach real estate market report, panama city real estate market report
Thursday, April 2, 2020 / by Nathan Lawrence
Much like the weather, real estate markets are hyper-local... meaning what the market is doing in one state can be completely different than another state. More so, what's happening in one county, one city, and/or one neighborhood can be, and often is, different than another nearby area.
The reason why can be the result of many things: supply and demand, job opportunities, the local economy, school zones, etc.
The coronavirus, at this point, seems to be having a far less effect on our housing market, compared to other areas around the country. While we did see a dip in activity (not prices) towards the second half of March, the overall health of our market looks to be better than most.
Deciding if now is the best time to buy and/or sell has many factors. Just a few can be your personal finances, short/long term goals, current/future family situation... among many others.
If you're considering buying and/or selling, let's discuss the options. As well as the advantages and disa ...
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bay county florida housing market, panama city beach real estate market report, panama city real estate market report