Using Quarter 3 numbers in 2006 and 2007, Panama City is doing better than most of the rest of the State of Florida. The average percent change in sales numbers for the whole state is -29% with the greatest change being in Ocala with a whopping -53% and the smallest change in Sarasota at -5%. Panama City came in third for smallest percentage change between Quarter 3 2006 and Quarter 3 2007 at-7% with second place (Naples) only having 77 sales in Q3 2007 and 83 sales in Q3 2006.
I’m not alone when I say our area saw the effect of the downturn before most other places and I think our area is seeing a turn-around sooner than most other places. I think we are on the backside of this market plunge and while things may get slightly worse between now and who-knows-when, I think we will see some improvement between now and this time next year.