The State of the Market–Callaway

by Wendell Browne on January 25, 2016

The Callaway market locale has experienced correction and decline after peaking in early 2005. The area experienced continual market decline from 2006 through 2013. Since 2013, the median sales price and overall price per sq. foot has fluctuated, however during 2015, 3 of the 4 Quarter periods returned positive results.


Overall sales activity was strong in 2015 with each Quarter period reflecting an increase in sales volume as compared to the prior 12 month lookback period. As of December, 2015, the standing inventory in the area is at 5 1/2 months considering current absorption rates.


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{ 2 comments… read them below or add one }

1 Tom Horn

Nice market graphs Wendell. I’m sure buyers, sellers, and agents in your area find them usefull to gauge the local market. Keep up the great work and I know you’re a great resource in the Panama City market.


2 Wendell Browne

Appreciate the kind words, Tom. Thanks for reading


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