Is Panama City, FL a buyer's market or a seller's market?
Panama City, FL is a buyer's market right now. There are 2,909 homes for sale, and at the current pace of sales it would take about 6.3 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Panama City, FL sits at 6.3.
There are more homes for sale than buyers. Buyers have the edge. The typical home took 76 days to go under contract, and 9% of sales closed above the asking price.
The number of homes for sale is 10% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the Panama City, FL area, through May 2026.
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More about the Panama City, FL market
- When is the best month to sell a house in Panama City, FL?
- How long does it take to sell a house in Panama City, FL?
- Do homes sell above asking price in Panama City, FL?
- Are home prices going up or down in Panama City, FL?
- How many homes are for sale in Panama City, FL?
- All Panama City, FL housing numbers
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Figures come from Redfin's published market data for the Panama City, FL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.