Data Analysis
Bay County sellers cut the asking price on 299 listings from October 14 to 27, 2026, nearly two for every one of the 159 homes that went under contract.
Our Central Panhandle MLS feed shows a median Bay County price cut of 2.55%, or $10,000. Panama City logged 132 cuts and Panama City Beach 125.
Bay County sellers cut the asking price on 299 listings from October 14 to 27, 2026, while 159 listings went under contract, about 1.9 price cuts for every new contract. The median cut was 2.55 percent, or $10,000. Forty-seven cuts were 5 percent or more and 12 were 10 percent or more. Panama City accounted for 132 of the cuts and Panama City Beach for 125. All figures are ours, computed from Central Panhandle MLS records; information is deemed reliable but not guaranteed.
This piece covers price cuts. Our October 24 article on new construction in the Panama City area covers new listings and closings, and our October 27 article on long-listed Bay County condos covers inventory age. Completed-month figures are in our Panama City days on market, median price and seller concessions articles, and the full series sits on the Panama City market data hub.
How many Bay County listings had a price cut?
Our feed recorded a price reduction on 299 separate Bay County listings in the two weeks from October 14 to 27. Thirteen of them were cut more than once in that window and are counted once. Over the same two weeks, 23 listings raised their asking price and 29 listings that had been pending returned to active status.
Most cuts were small. The median reduction was 2.55 percent, or $10,000 in dollar terms. Larger reductions were less common: 47 of the 299 cuts, about 16 percent, were 5 percent or more.
Where in Bay County were prices cut?
Price cuts tracked the two largest markets in the county, with contracts running well behind cuts in both.
| Place | Listings with a price cut | Median cut | Cuts of 5% or more | Listings that went under contract |
|---|---|---|---|---|
| Panama City | 132 | 2.54% | 17 | 64 |
| Panama City Beach | 125 | 2.54% | 23 | 81 |
| Lynn Haven | 19 | 2.45% | 4 | 4 |
| Mexico Beach | 8 | 3.48% | 1 | 2 |
| Youngstown | 7 | 1.38% | 1 | 2 |
| Southport | 6 | 2.24% | 1 | 6 |
Source: Momentum Research, computed from Central Panhandle MLS records, October 14 to 27, 2026. Deemed reliable but not guaranteed.
Panama City Beach had the better balance, with 81 contracts against 125 cuts. In Panama City the ratio was about two cuts per contract, and in Lynn Haven it was nearly five to one. The median list price before a cut was $412,000 in Panama City Beach and $329,900 in Panama City. Recent prices for each place are on the Panama City, Panama City Beach, Lynn Haven, Mexico Beach and Youngstown market pages.
Which property types saw the most price cuts?
| Property type | Listings with a price cut | Median cut | Listings that went under contract |
|---|---|---|---|
| Single-family | 175 | 2.22% | 94 |
| Condo | 77 | 2.57% | 43 |
| Townhouse and other attached | 37 | 2.70% | 15 |
| Manufactured | 9 | 3.64% | 3 |
Source: Momentum Research, computed from Central Panhandle MLS records, October 14 to 27, 2026. Deemed reliable but not guaranteed.
Single-family homes made up 175 of the 299 cuts and 94 of the 159 contracts. Condos ran at about 1.8 cuts per contract, close to the county average. Attached homes such as townhomes were the weakest of the larger groups, at about 2.5 cuts per contract.
What price ranges saw the most cuts?
| Price band | Listings with a price cut | Median cut | Listings that went under contract |
|---|---|---|---|
| Under $300,000 | 94 | 2.45% | 40 |
| $300,000 to $499,999 | 129 | 2.78% | 70 |
| $500,000 to $749,999 | 50 | 2.02% | 36 |
| $750,000 to $999,999 | 8 | 3.15% | 5 |
| $1 million and above | 18 | 2.63% | 8 |
Source: Momentum Research, computed from Central Panhandle MLS records, October 14 to 27, 2026. Price cuts are grouped by the list price before the cut and contracts by the list price at contract. Deemed reliable but not guaranteed.
The $300,000 to $499,999 band held the most cuts, 129, and the most contracts, 70. It also had the most cuts of 5 percent or more, 26. The $500,000 to $749,999 band had the best ratio, about 1.4 cuts per contract, with a smaller median cut of 2.02 percent. In the $1 million and above band, 18 cuts had a median size of about $37,000.
What do the price cuts mean for buyers and sellers in Bay County?
For buyers, a cut is a signal that a seller has adjusted once and may be open to negotiation, especially on listings that have been on the market for months. Our seller concessions article shows how often September sales came with seller credits.
For sellers, most cuts were modest, which suggests many listings started close to the market and needed only a small adjustment. Carrying costs matter in that decision. Insurance budgets are on the Panama City home insurance cost and Panama City Beach home insurance cost pages, and condo buildings we track are listed on the Bay County condo communities page.
People also ask
Are home prices dropping in Panama City?
Bay County sellers cut the asking price on 299 listings from October 14 to 27, 2026, with a median cut of 2.55 percent, in our Central Panhandle MLS data. Completed-month sale prices are in our Panama City median price article.
How much are Panama City Beach sellers cutting prices?
Panama City Beach listings logged 125 price cuts from October 14 to 27, 2026, with a median cut of 2.54 percent. Twenty-three of those cuts were 5 percent or more, and 81 Panama City Beach listings went under contract in the same two weeks.
How many homes went under contract in Bay County in late October 2026?
Our feed recorded 159 Bay County listings moving from active to pending from October 14 to 27, 2026, including 81 in Panama City Beach and 64 in Panama City.
Limitations
Counts come from the change log of our live Central Panhandle MLS feed, which records a change when our refresh sees it. A listing cut more than once in the window is counted once, using its first price before the window's cuts and its latest price. A change that happened and reversed between refreshes may be missed. The feed had refresh gaps in early October, so this article does not compare the window with the prior two weeks. Contract counts are listings moving from active to pending and can differ from the monthly figures in the Market Pulse. Bay County is identified by the county on each record. Property type comes from the listing's MLS field. 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, October 14 to 27, 2026). Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
- Momentum Research, September 2026 Panama City Market Pulse.
- 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.
Market statistics in this article are computed from MLS data licensed by Momentum Realty, and are current as of the date shown. Data may be preliminary and subject to revision by its source. This article is general information, not advice about any specific property, transaction, or financial decision, and is not a representation about any specific property, community, builder, or association.
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