The real estate market in Tropic Winds worked very much like the overall gulf front market in Panama City Beach. The number of units for sale (Active Listings in the chart above) moved up dramatically from November through April and stayed pretty high throughout most of the year.
The number of sales (Sold Listings) stayed pretty steady averaging just about one per month in 2016. However, because of the spike in available units for sale, the "Months Inventory" number moved up from around 4 to somewhere between 8 and 10 for most of the year. This number is important to understand. Anything around 5-6 "Months Inventory" represents a neutral real estate market while anything above that signifies a buyer's market.
Since September, Tropic Winds has drifted into a pretty strong buyer's market. If this trend continues, look for some downward pressure on pricing in 2017.