Panama City Real Estate - Market Summary for September

Posted on October 10, 2008
Filed Under Investor Insights, Market Update |

Panama City Real Estate - Market Summary - September 08I’ve recently added another Panama City Real Estate market summary for last month, September 2008.

While not the best month we’ve had this year, it does show that our market remains active and inventories are leveling out.

What this means to sellers: There are less properties on the market for you to compete with when selling your home. While it is always advisable to make sure your property is priced correctly, as inventories decline there should be more buyers. Unfortunately, with the current state of the economy, this may not necessarily be the case as lenders making it more difficult to obtain mortgage loans in some cases.

What this means to buyers: There are not as many deals as in previous months. When homes are priced correctly and inventories are moving, sellers are less likely to offer incentives. While this is not necessarily the case currently, as time progresses and inventories continue to decline, you may see less incentives.

If you’d like to discuss your buying and selling options for Panama City Real Estate, contact me or call me directly: (850) 774-6582 and we can discuss your options.

Promote this article
SubscribeBlinklistBloglinesDiggdel.icio.usFacebookFurlRedditStumbleUponTechnorati

Comments

2 Responses to “Panama City Real Estate - Market Summary for September”

  1. Sue in Millburn NJ on October 21st, 2008 8:29 pm

    Excellent information for Panama City buyers and sellers. Thanks so much for your hard work!

  2. Jennifer Mackay on October 22nd, 2008 6:46 am

    You’re welcome Sue,

    Thanks for stopping by.

Leave a Reply




This blog is NOFOLLOW Free!