Panama City Beach had the second least negative percent change in all the state of Florida according to the numbers below with regards to single family home sale, Q1 2007/Q1 2008.

ORLANDO, Fla., May 13 /PRNewswire/ — Florida Realtors(R) reported positive signs in their local housing markets during first quarter 2008, noting a slower rate of expansion for inventory levels and an increase in
pending home sales (based on contracts signed but not closed) in some areas.

In another positive note: Sales of existing condominiums improved from fourth quarter 2007 to first quarter 2008, according to the latest housing statistics from the Florida Association of Realtors(R) (FAR). A total of 8,581 existing condos sold statewide in 1Q 2008, an 8.3 percent increase over 4Q 2007 when 7,923 units sold.

“If we look at what is happening month-over-month for 2008, it appears that the bottom [of the housing slowdown] may be here,” says 2008 FAR President Chuck Bonfiglio. “We are now seeing more activity, more sales and even prices starting to rise in some markets. So I believe that there are some really good signs in many areas of our state.”

Continue reading “Florida's Existing Condo Sales Improve in 1Q 2008 Compared to 4Q 2007” →