Today let’s take a walk thru time and see how the Lynn Haven, FL single family market is performing. This analysis is based on MLS data from 2002 through 2015. The single family segment of Lynn Haven experienced a significant increase in values from the period of 2002-2006. This market area peaked in mid 2005 after reaching 30%+ annual appreciation rates.
The area began to experience a period of declining property values starting in late 2006 and continued to experience declining values through 2011. Lynn Haven entered a recovery period in 2012 and has continued to appreciate through 2015. At the end of 2015, Lynn Haven witnessed a 3.25% increase in the single family segment over the prior 12 month period. The standing inventory increased approximately 10% during 2015 with inventory levels measuring at slightly over 6 months based on current absorption rates.
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