Pensacola Real Estate Weekly Market Report for Week Ending May 10, 2008
May 20th, 2008 Categories: Pensacola Market Data
Weekly Update For Residential Listings
In Escambia and Santa Rosa Counties
Here is another weekly Pensacola real estate market report. Note that this one is a little late in coming, as it covers the week of May 4-10. I have taken to waiting a little longer to publish these reports for one simple reason. The longer I wait the more accurate the numbers are in regards to homes sold. In a nutshell, I’m saying some real estate agents are just too lazy or too busy to put their sold data into the MLS in a timely manner after they sell a home.
Here is an example. On May 14, I checked the number of homes sold for the week of May 4-10. The number of recorded homes sold was 60. I then checked again on May 20, and the number of homes sold for that week had jumped to 75. I can check again next week and can almost guarantee that number will have jumped to over 80.
Personally, I don’t quite understand the delay in getting Sold Data into the MLS. It doesn’t take very long, and most real estate agents have the time to spend a few minutes inputing their sold listings. Delaying putting in this data is also a disservice to other real estate professionals who need that comparable data for their buyers and sellers. I’ll get off my soapbox now. At least now you can see why I delay putting out these reports, but would never delay putting in my sold data if I sold a home.
So what is new with the market? Not much. Inventory is holding steady, but Days On Market did drop quite a bit as compared to previous weeks. That is probably just an anomaly, but we’ll see in the weeks to come.
- 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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