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Pensacola Market Data For November 2007

 

Residential Properties in 
Escambia and Santa Rosa Counties

   Month

Active Listings On Market 

Listings Sold

Average Sold Price

Average DOM

Expired/ Withdrawn Listings

September 2007

6947

411 

$204,000

127 

723

October 2007

6823

342

$199,900

130

804

November 2007

6710

293

$185,600

132

687

Although the inventory of homes for sale in Pensacola has continuted to drop a little (Active Listings), the Pensacola real estate market is still a buyer’s market. Overall, this table shows that very little has changed in the past 3 months. The most prominent statistic is the Listings Sold. Only 293 listings sold last month is a not a good sign for the Pensacola real estate market.

What it is a sign of is that buyers are waiting to buy, but the deals are out there now. The interest rates are low and sellers are making generous concessions.  Buyers? What are you waiting for?

– The table shows the monthly market data for Pensacola residential property.
– These numbers include only residential homes and condominiums in Escambia and
      Santa Rosa Counties that are listed in the Pensacola MLS.
– They do not include vacant land or lots, mobile homes or manufactured homes.
– The numbers above are created using data from the Pensacola MLS and are
      deemed reliable but not guaranteed

Click on Pensacola Real Estate News for a complete list of articles indexed by category.

 

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