Panama City, FL (Metro) - Trend of Market Heat Index for All Homes (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the Market Heat Index for All Homes in the Panama City, FL Metro in February 2026 was 36. The month over month percentage change (MoM) was 2.86%, and the year over year percentage change (YoY) was 9.09%.

The chart below shows the trend of the market heat index for the Panama City, FL metro. The table below shows the trend of the market heat index, and the MoM and YoY percentage changes for the Panama City, FL metro.

You can see similar information for other US metros, and for the United States.

Note: The Market Heat Index is a time series that captures the balance of for-sale supply and demand in a given market. A higher number means the market is more tilted in favor of sellers. It relies on a combination of engagement and listing performance inputs to provide insights into current market dynamics. It is calculated for single-family and condo homes.

Data Source: Zillow.
Panama City, FL (Metro) - Trend of Market Heat Index for All Homes
Panama City, FL (Metro) - Trend of Market Heat Index for All Homes
1 – 10 of 98
Month Market Heat Index MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2018 42 NaN NaN
Feb 2018 41 -2.38 NaN
Mar 2018 44 7.32 NaN
Apr 2018 48 9.09 NaN
May 2018 49 2.08 NaN
Jun 2018 49 0.00 NaN
Jul 2018 50 2.04 NaN
Aug 2018 48 -4.00 NaN
Sep 2018 46 -4.17 NaN
Oct 2018 47 2.17 NaN
Nov 2018 50 6.38 NaN
Dec 2018 55 10.00 NaN
Jan 2019 55 0.00 30.95
Feb 2019 55 0.00 34.15
Mar 2019 53 -3.64 20.45
Apr 2019 55 3.77 14.58
May 2019 54 -1.82 10.20
Jun 2019 53 -1.85 8.16
Jul 2019 52 -1.89 4.00
Aug 2019 50 -3.85 4.17
Sep 2019 47 -6.00 2.17
Oct 2019 43 -8.51 -8.51
Nov 2019 42 -2.33 -16.00
Dec 2019 42 0.00 -23.64
Jan 2020 45 7.14 -18.18
Feb 2020 45 0.00 -18.18
Mar 2020 43 -4.44 -18.87
Apr 2020 42 -2.33 -23.64
May 2020 48 14.29 -11.11
Jun 2020 52 8.33 -1.89
Jul 2020 56 7.69 7.69
Aug 2020 53 -5.36 6.00
Sep 2020 53 0.00 12.77
Oct 2020 52 -1.89 20.93
Nov 2020 53 1.92 26.19
Dec 2020 53 0.00 26.19
Jan 2021 54 1.89 20.00
Feb 2021 59 9.26 31.11
Mar 2021 66 11.86 53.49
Apr 2021 72 9.09 71.43
May 2021 73 1.39 52.08
Jun 2021 71 -2.74 36.54
Jul 2021 66 -7.04 17.86
Aug 2021 60 -9.09 13.21
Sep 2021 58 -3.33 9.43
Oct 2021 57 -1.72 9.62
Nov 2021 57 0.00 7.55
Dec 2021 60 5.26 13.21
Jan 2022 67 11.67 24.07
Feb 2022 71 5.97 20.34
Mar 2022 69 -2.82 4.55
Apr 2022 62 -10.14 -13.89
May 2022 55 -11.29 -24.66
Jun 2022 49 -10.91 -30.99
Jul 2022 45 -8.16 -31.82
Aug 2022 41 -8.89 -31.67
Sep 2022 37 -9.76 -36.21
Oct 2022 36 -2.70 -36.84
Nov 2022 35 -2.78 -38.60
Dec 2022 36 2.86 -40.00
Jan 2023 38 5.56 -43.28
Feb 2023 40 5.26 -43.66
Mar 2023 42 5.00 -39.13
Apr 2023 42 0.00 -32.26
May 2023 41 -2.38 -25.45
Jun 2023 39 -4.88 -20.41
Jul 2023 38 -2.56 -15.56
Aug 2023 36 -5.26 -12.19
Sep 2023 35 -2.78 -5.40
Oct 2023 34 -2.86 -5.56
Nov 2023 33 -2.94 -5.71
Dec 2023 34 3.03 -5.56
Jan 2024 35 2.94 -7.89
Feb 2024 36 2.86 -10.00
Mar 2024 35 -2.78 -16.67
Apr 2024 34 -2.86 -19.05
May 2024 34 0.00 -17.07
Jun 2024 35 2.94 -10.26
Jul 2024 34 -2.86 -10.53
Aug 2024 34 0.00 -5.56
Sep 2024 33 -2.94 -5.71
Oct 2024 31 -6.06 -8.82
Nov 2024 31 0.00 -6.06
Dec 2024 32 3.23 -5.88
Jan 2025 33 3.13 -5.71
Feb 2025 33 0.00 -8.33
Mar 2025 33 0.00 -5.71
Apr 2025 33 0.00 -2.94
May 2025 34 3.03 0.00
Jun 2025 33 -2.94 -5.71
Jul 2025 32 -3.03 -5.88
Aug 2025 33 3.13 -2.94
Sep 2025 33 0.00 0.00
Oct 2025 34 3.03 9.68
Nov 2025 34 0.00 9.68
Dec 2025 34 0.00 6.25
Jan 2026 35 2.94 6.06
Feb 2026 36 2.86 9.09