Data Analysis

New construction made up 84 of 295 new listings, 33 of 133 new contracts and 48 of 137 recorded closings in the Panama City area from October 10 to 23, 2026.

Our Central Panhandle MLS feed shows builder homes took 28% of new listings and 35% of recorded closings in the two weeks to October 23, 2026.

From October 10 through October 23, 2026, new construction accounted for 84 of 295 new listings (28 percent), 33 of 133 listings that went under contract (25 percent) and 48 of 137 closings (35 percent) recorded by our live Central Panhandle MLS feed, which covers Bay County and nearby counties. New construction listings carried a median asking price of $329,900, against $390,000 for resale listings. Builders also accounted for 22 of the 27 list price increases in the window. All figures are ours, computed from Central Panhandle MLS records; information is deemed reliable but not guaranteed.

This is a two-week read on new construction activity. Our September articles on the Panama City median price, days on market, closed sales and seller concessions cover the completed-month metrics, and the full series sits on the Panama City market data hub. This piece covers only the builder share of listing activity since early October.

How much of new supply in the Panama City area is new construction?

New construction made up a larger share of new supply in mid-October than in the days before. In the 14 days from October 10 to October 23, builder homes were 84 of 295 new listings, or 28.5 percent. In the 10 days from September 30 to October 9 they were 51 of 207, or 24.6 percent.

Almost all of the new construction was single-family. Of the 84 builder listings, 83 were single-family homes and 1 was an attached home. Resale supply also included 50 condominiums, 23 attached homes and 11 manufactured homes.

By place, Panama City led with 41 new construction listings, followed by Panama City Beach with 22. Chipley, Southport and Port St. Joe added 6 each. By ZIP code, 32404 led with 37 builder listings and 32413 followed with 17. The communities with the most new builder listings were Liberty with 16, Magnolia Ridge and WindMark with 6 each, and Hodges Bayou Plantation with 4. One listing office, DR Horton Realty of Emerald Coast, listed 20 of the 84.

Where do builder homes sit in the price range?

Builder homes are concentrated in the lower and middle price bands. Of the new construction listings with a price, 53 of 84 were under $400,000. Resale listings under $400,000 were 111 of 211.

Source: Momentum Research, computed from Central Panhandle MLS records, October 10 to 23, 2026. Deemed reliable but not guaranteed.

The contract mix follows the same pattern. Builder homes that went under contract had a median list price of $351,990, against $430,000 for resale homes. Under $400,000, new construction accounted for 21 of 63 new contracts.

Are builders cutting prices or raising them?

Both, and the increases stand out. Our feed recorded 283 price cuts on active listings in the two weeks, and 67 of them were on new construction. The median builder cut was 2.1 percent, or $7,000, against 2.5 percent, or $10,000, on resale listings. None of the builder cuts reached 10 percent; 9 resale cuts did.

Price increases were rare and mostly came from builders. Of the 27 list price increases in the window, 22 were on new construction, with a median increase of $10,000, or 3.5 percent. They were spread across communities including Parkbrook, Sweetbay, Magnolia Ridge, Breakfast Point East and Salt Grass at Ward Creek.

How much of what is closing is new construction?

Closings show the largest builder share. Of the 137 closings our feed recorded from October 10 to 23, 48 were new construction, or 35 percent, up from 39 of 133, or 29 percent, from September 30 to October 9. Builder closings had a median price of $333,345, against $365,000 for resale closings.

That share is higher than the completed-month figure. Our September Panama City Market Pulse, with closings through October 21, found new construction made up about 27 percent of September sales, with a median sale price of $320,000 across all residential types.

What does this mean for buyers and sellers in the Panama City area?

For buyers, builder homes make up a large part of what is available under $400,000, and builders are cutting less often and by smaller amounts than resale sellers. Current builder inventory is on the Panama City new construction and Panama City Beach new construction pages, and the Bay County new construction communities page lists the communities we track. Recent resale prices are on the Panama City, Panama City Beach and Lynn Haven market pages.

For resale sellers in the same price bands, new construction is the direct competition. Carrying costs matter to both; our Panama City home insurance cost and Panama City Beach home insurance cost pages show what buyers budget for coverage.

People also ask

How much of the Panama City housing market is new construction?

From October 10 to 23, 2026, new construction made up 28 percent of new listings, 25 percent of new contracts and 35 percent of recorded closings in our Central Panhandle MLS feed.

Are new homes cheaper than resale homes in Panama City?

In the two weeks to October 23, 2026, new construction listings had a median asking price of $329,900, against $390,000 for resale listings, in our Central Panhandle MLS feed. The mix of home types differs between the two groups.

Are Panama City builders cutting prices?

Builders cut prices on 67 listings from October 10 to 23, 2026, with a median cut of 2.1 percent, smaller than the 2.5 percent median resale cut. Builders also made 22 of the 27 price increases.

Limitations

Counts come from the change log of our live Central Panhandle MLS feed, which records a change when our refresh sees it. New construction status comes from the listing's own MLS field. A listing that changed more than once in a category within the window is counted once. Closings counted here are closings recorded by our feed in the window and can differ from the monthly closed sales count, which uses close dates and its own definitions. The earlier comparison window is 10 days and includes a day with an unusually high event count, so the share comparisons are more reliable than raw count comparisons. Median prices mix property types and sizes. Figures may be revised as the MLS updates records. This article is general information, not advice about any specific property or transaction.

Sources and links

• Momentum Research, computed from Central Panhandle MLS records (listing change log, September 30 to October 23, 2026). Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
• Momentum Research, September 2026 Panama City Market Pulse, closings through October 21, 2026.
• Full monthly series and per-feed attribution: Panama City market data

Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.