As an expert in the real estate market, I understand the importance of staying informed about the current trends and conditions. The real estate market in Panama City, Florida has seen some changes in recent years, and it is essential to be aware of these changes in order to make informed decisions. Home prices, housing supply, and days on the market have all been affected. On average, homes in Panama City Beach sell after 70 days on the market, compared to 45 days last year.
This indicates that the market is neutral, meaning that prices tend to be reasonable and homes remain on the market for a typical period of time. Among Panama City residents, there is a vacancy rate for homeowners of 4.4% and a rental vacancy rate of 13.0%, out of a total of 18,053 units. It is important to be aware of natural and environmental hazards that could affect homes in Panama City Beach. These include floods, fires, wind, and heat. The data in the list of properties marked with this icon comes from the IDX program of the Stellar MLS system. At Rocket Homes Real Estate LLC, we are committed to providing up-to-date information about the Panama City real estate market so that buyers, sellers, and renters can make informed decisions.
Our main office is located at Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226. Real estate market reports are calculated by Rocket Homes Real Estate and are based on information from the MLS. Whether you are looking to buy a home, list yours for sale, or explore rental options in Panama City Beach, it is important to stay informed about the current real estate market. With up-to-date information from Rocket Homes Real Estate LLC, you can make an informed decision about your real estate needs.