Panama City Beach Real Estate: Sales Are Up, But Buyers Are Picky on Price
Panama City Beach has buyers. The question isn’t whether they’ll buy — it’s what price they’re willing to pay. Here’s what the numbers show, and what it means if you’re buying, selling, or holding.
This is this week’s Smart Beach Investor market report for Panama City Beach — subscribers get it first, every week
Panama City Beach Condos
Condo transactions have skyrocketed over the summer:
- May condo sales: up 20.5% year-over-year (vs. -17% the same month last year)
- June condo sales: up 39.4% year-over-year (vs. -12.3% the same month last year)
- July condo sales: up 55.2% year-over-year (vs. +19% the same month last year)
- August condo sales: currently projected down 33.8% year-over-year (last year’s August started a multi-month up trend)
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Panama City Beach Houses
Houses are showing a similar pattern:
- May house sales: up 17.1% year-over-year
- June house sales: up 14.7% year-over-year (vs. +10.5% the same month last year)
- July house sales: up 27.2% year-over-year (vs. -20% the same month last year)
- August house sales: currently projected down 18.5% year-over-year (vs. -15.6% the same month last year)
We saw a big jump in both condo and house sales in May, June, and July — but unlike some other markets, prices didn’t jump with them. That tells us buyers are willing to buy when prices make sense. Sellers who’ve adjusted to today’s market are getting their properties sold; those still holding out for pandemic-era prices are having a tougher time.
August is showing a pretty significant slowdown in both houses and condos. That’s likely seasonal, and one month doesn’t make a trend — not ready to draw any big conclusions from it yet, but it’s something we’re watching.
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What We’re Watching Next
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- Buyers: Get notified when list price trends begin shifting.
- Sellers: Request a complimentary SaleAbility Analysis and pricing strategy.
Bottom Line for Panama City Beach Real Estate
Panama City Beach has buyers. The question isn’t whether they’ll buy — it’s what price they’re willing to pay. Sales volume is up sharply across both condos and houses, but prices haven’t followed, and August’s slowdown is worth watching before drawing any conclusions.
Get your SaleAbility Score, or reach our team directly at 850-654-3325 to talk through where you stand.
Committed to your success,
John Moran – CEO
The Smart Beach Investor | Keller Williams Realty At The Beach Team