Currently Reading

10 Cities Where For-Sale Listings Are Going Up

Housing Markets

10 Cities Where For-Sale Listings Are Going Up

These regional markets offer relative affordability and more expansive for-sale inventories 

April 5, 2022
Panama City skyline
Image: Stock.adobe.com

As housing inventory reaches a record low in much of the country, a few regional housing markets offer additional listings with relative affordability and a reprieve from heated bidding wars. With the spring market just around the corner, lingering housing availability may not last long, but some metros are still clinging to what’s left of a picked-over for sale supply.

Panama City is home to booming community development following the devastation of Hurricane Michael in 2018, but despite a growing housing supply, the median list price of $446,000 is quickly rising. Just next door in Daphne, Alabama, home builders are successfully meeting heightened demand with constant new development and a median list price of $387,400.

After experiencing massive damage from Hurricane Michael in 2018, homebuilders rebuilt devastated neighborhoods and added new developments in this Florida Panhandle city. Big builders like D.R. Horton have invested here, while a local builder recently announced a planned community of 1,600 homes in Panama City Beach.

At the same time, as home prices increase, buyers who scooped up beachfront properties in the past couple of years are starting to see dollar signs, says Sean Casilli, a Realtor® with Coldwell Banker Residential Real Estate in Panama City Beach.

“People that bought even a year ago are seeing sometimes 30% to 50% appreciation on a unit they bought in a condo [building] and they’re like, ‘well, I don’t know if the market’s going to stay like this so I’ll take my short-term capital gains and run,’” Casilli says.

Read more


Related Stories

Housing Markets

More Homebuyers Are Relocating for Affordability and Remote Work

A record number of homebuyers are relocating in search of more affordable homes. But where are they going?

Housing Markets

Tracking Tool Shows Home Price Gains Over Past 5 Years

This interactive tool reveals 5-year home price changes in the priciest U.S. counties

Housing Markets

Florida Is Now the Second Most Valuable US Real Estate Market

Housing markets such as Florida are seeing substantial growth driven by an uptick in new construction


Top Articles


More in Category

COVID-19 may be easing its grip on the U.S. after a disastrous two years, but lingering supply chain disruptions have builders holding onto their pandemic business tactics

An archive of NHQA-winning companies that represent home building's best in Total Quality Management

Don’t let the current hype about single-family B2R communities obscure the need to create long-term sustainability and asset value


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.