Panama City, FL Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Where is the hottest real estate market in Florida? ›

Miami ranks no. 1 in annual home price appreciation in the U.S., according to the Miami Association of Realtors, citing real estate data. Sales of condominiums worth $1 million and up, total home transactions and single-family home sales in Miami-Dade County increased year-over-year in July 2024.

Spring and summer are the best times to sell your house fast - and the best time to get the highest price for your home. Specifically, houses sell for the most in June, followed by May.

How much does a Real Estate Agent make in Panama City Beach, Florida? As of Aug 15, 2024, the average annual pay for a Real Estate Agent in Panama City Beach is $79,109 a year. Just in case you need a simple salary calculator, that works out to be approximately $38.03 an hour.

Even as Florida remains among the most overpriced housing markets in the country after the boom experienced during the COVID-19 pandemic, especially in cities like Cape Coral and Miami, a recent surge in inventory has allowed buyers to push prices down in parts of the state.

In July 2024, 11.4% of homes in Florida sold above list price, down 5.1 points year. There were only 32.1% of homes that had price drops, up from 25.0% of homes in July last year. There was a 96.8% sale-to-list price, down 0.74 points year over year. …

According to Zillow, home price appreciation is expected to slow down significantly in the coming years, with a predicted increase of only 3.4% for 2024. This could provide relief to buyers who have been priced out of the market in recent times.

January and February Are Poor Home Sales Months

January is the worst month for selling a home if you want to sell quickly. After the expenses of holiday travel, gifts, parties, and more, people simply aren't looking to buy a home. Waiting until February won't improve your chances, however.

The worst time to sell a house is typically during the winter months, particularly in December, January, and February. During this period, bad weather can deter potential buyers from attending open houses, and many people are preoccupied with holiday activities and planning.

Is it a buyer's or seller's market in Florida? It is considered a seller's market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.4%, making the average house payment $2,958, which is $126 higher than a year before.

Commissions you're paid as a real estate agent are taxed like any self-employment income. You'll owe 15.3% self-employment tax plus your income tax rate, which is based on your tax bracket determined by how much you earn.

Does seller pay all Realtor fees in Florida? ›

In Florida, real estate commissions typically range from 5% to 6% of the home's sale price. This fee is usually split between the buyer's and seller's agents. The seller typically pays the entire commission, which is deducted from the sale proceeds at closing. How can I negotiate a lower commission rate with my agent?

Florida's condo market is faltering as the increasing intensity of natural disasters pushes up home insurance costs, and HOA fees soar in the wake of the 2021 Surfside condo collapse. Prices of condos in major Florida metros are dropping year over year, and sales are declining.

The Hottest MSAs Overall: Austin, Texas

The overall Housing Market Index of 72.8 for the Austin MSA rose 4.2 points year-over-year through June and compares with 70.8 in December 2023. Compared with that of the overall U.S., the Austin HMI has consistently rated higher since early 2021.