Bay County Market Comments for Lynn Haven, Panama City, Panama City Beach

Sales activity increased during the 4th Quarter of 2016 compared to the previous 12 months. For the 4th Quarter of 2016, overall sales volume in the Bay County single family market (attached/detached) units was up 5.5% and the standing inventory was reduced by some 5%. On a macro level, the median price change is measured at 1.6% contrasting the previous 12 month period.

The trend line graph below reflects market correction in the single family sector on a macro level.
              



Posted by Wendell Browne, II, SRA on February 1st, 2017 7:47 AMLeave a Comment

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January 7th, 2016 8:05 AM
Unemployment for Panama City FL Metropolitan Statistical which comprises Bay County, FL declined during 2015. As of December 2015, the projected numbers reflect a 5.1% unemployment rate for the area being down from 6.1% as of December 2014.

Unemployment rates have steadily dropped after peaking in late 2011.


Posted in:economic conditions and tagged: panama city
Posted by Wendell Browne, II, SRA on January 7th, 2016 8:05 AMLeave a Comment

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