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Pensacola Real Estate News – Market Data for January 19, 2008

Weekly Update For Residential Listings 
In Escambia and Santa Rosa Counties


The data in the table show that the inventory of homes on the market in Pensacola Florida is starting to  increase a little at the beginning of the year, reversing what was a downward trend toward the end of 2007. I checked again today and the number is even higher, currently at 6375 listings active. The homes sold the past week also remains very low, but is up a little from the previous week.

Notice that I added a new column for Expired or Withdrawn listings. You can see that the end of the old year and beginning of the new year are times when many sellers will allow their contracts with real estate agents to expire or take their homes off the market. Most of these are overpriced homes, so it is good for the market overall when they are taken off the market.

– The table shows the weekly 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 or Pensacola FSBOs.
– The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed

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