Sales & Inventory Data for the Florida Panhandle. What does this mean?

Dated: June 11 2022

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Sales Volume and Inventory for the Panhandle (Jan-May 2022)

Inventory and Sales, also called "Supply and Demand" in the world of economics!  We have all been hearing a lot about this in the news lately with talks of a "pending crash". I wanted to show a deeper look into the stats for our specific service area in the Panhandle from Destin to Panama City Beach. 

What do these numbers indicate?  Well, basically it's still a seller's market with higher demand than there is inventory in OUR specific area.  I get texts daily from buyers saying..."we are waiting for the market to slow down".  Even us agents are waiting for the market to slow down....it's exhausting for us out there!!  This data shows that although the current inventory is going up (thank god), the demand is still high.  The "Months Inventory" at the end of May was 1.86 which is nearly the same as it was in January at 1.9.  As long as inventory is still low, prices won't likely be dropping.  

         Months of Inventory calculates the number of homes currently on the market with the currently sold homes and gives us a number of months it would take to sell those homes that are currently on the market. 

Our Team Beach Coast would love to be your guides to buying or selling your Panhandle property.  We also understand that it takes time, planning and market research!  We hope to provide valuable insight into our local market trends by showing real data, and being available as your local "go-to" agents.  

** Data source from Emerald Coast Association of Realtors

Micah Mortag
Broker@BeachCoastFlorida
Beach Coast Real Estate
m.  850-543-2787 

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