Summertime & Panama City Beach Condos

by Wendell Browne on May 15, 2013

Panama City Beach experienced another positive month in the condominium sector for the month of April. This market segment also witnessed a positive return for the 1st Quarter of 2013.

For the month of April, sales volume was up 23% compared to the prior 12 month period and the standing inventory has been reduced by some 36%. This market is subject to a seasonal influx and the condo activity on Panama City Beach will likely heat up as we enter the Summer.

As noted from the graph above, the condo market on Panama City Beach has been oversupplied for many years, however the continual absorption of the standing inventory is certainly good news for the area.

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