Posted: 4:21 PM Nov 22, 2007
Last Updated: 9:38 AM Nov 23, 2007
Florida's home sales remained soft in the third quarter, but there was one bright spot for Bay County.
Across the state, almost 32,000 existing single family homes were sold. That's a whopping 29% drop from the almost 45,000 sales for the same period a year ago.
The homes aren’t selling even though prices are still falling. The median sale price is down to $232,000, compared to $246,000 a year ago.
The 369 homes sold in Panama City in the third quarter represented an eight percent drop from the year before, and the median price of almost $203,000 was down four percent from the same period in 2006.
As for the good news... The declining condo prices are finally becoming attractive. The prices here fell by 13%. That translated into a 38% jump in the sales over last year.
No comments:
Post a Comment