Status of Real Estate Market in The Panama City Beach Metro Area
Current Real Estate Status in The Panama City Beach Metro Area

The Panama City Beach market is currently more buyer-friendly than the boom years: prices are modestly declining, inventory is substantial, and homes are taking roughly 3 months to sell.
- Median sold price: $415K in September; the trailing-3-month median is ~$362K, down 3.4% Year over Year
- Inventory: 2,375 active listings, down 11.4% Year over Year
- Time to sell: 107 to 108 days
- Negotiation: 85% of sales were below asking price, with a 96.3% median sale-to-list ratio
- Mortgage rates: The recent move to 7% plus, is putting additional pressure on affordability nationally
Bottom line: Buyers generally have more negotiating leverage, while sellers need realistic pricing and patience. The market varies substantially between beachfront condos, vacation-rental properties, inland single-family homes, and luxury communities.













