Area Real Estate Markets Top the State Averages

Newly released figures this week show 272 existing homes were sold here last month. That's an 80 percent increase over March of 2003.

The average sale price was a little more than $146,000. This is a 13 percent increase over the $129,000 selling price for an existing home in March of last year.

Low interest rates and the discovery of the Panama City area as a prime location for real estate investment helped fuel the gains.