This morning we will give a quick analysis of the Callaway, Fl market area and see how it is performing. Callaway is a suburb of Panama City and is home to Tyndall Air Force Base. Many of the homeowners in this area are active military and the area is dependent upon the Air Force Base as part of the economic stimulus.
The data shown below reflects the detached single family segment on a MACRO level. For the 3rd Quarter period, the area experienced a minimal decline in the median sales price(less than 1%) for the Quarter period as compared to the previous 12 month look back period. The most encouraging news from this data is the continual reduction in the standing inventory in addition to the continual increase in overall sales volume. As we exit the prime season for home sales, the standing inventory will likely increase.
