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Homes sales down by third in Florida area hit by storm

Posted at 5:25 AM, Feb 13, 2019
and last updated 2019-02-13 05:25:41-05

ORLANDO, Fla. (AP) — A new report shows how much Hurricane Michael has affected home sales in the area of the Florida Panhandle where it made landfall last October.

The report by Florida Realtors shows that year-over-year sales of single-family homes declined by more than a third in the Panama City metro area during the last quarter of last year.

Sales of townhouses and condos were down almost 30 percent in the last quarter.

By comparison, statewide sales of single-family homes were up a tenth of a percent year-over-year, and sales of townhouses and condos were up almost 2 percent.

The report was released Tuesday.

Hurricane Michael made landfall on Oct. 10 as a Category 4 storm, devastating a large swath of the metro Panama City area.