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Pensacola Real Estate News Weekly Market Report for Week Ending May 31, 2008

Weekly Update For Residential Listings 
In Escambia and Santa Rosa Counties

Pensacola Real Estate Market Report

Here is another weekly Pensacola real estate market report. This one covers the week of May 25-31. And what an exciting week it was. Well, from a real estate standpoint anyway. Look at the number of homes sold! 153 !!! Sales more than doubled from 2 earlier weeks in May. The Pensacola real estate market may be starting to creep back up again. I’ll keep an eye on it and share my findings with you.  

As of June 13, we already have 111 sales for the month of June. That puts June on par to have over 200 sales. But we’ll have to wait and see if that really pans out.

I keep wondering when buyers are going to recognize the incredible deals that are available out there right now. It will probably be once the market starts moving up again, and then you will hear everyone lamenting that they didn’t buy when the market was at its lowest.  Maybe they are starting to hear the voices in their head saying “Buy, buy, buy”.  I find it funny that people I know who can’t afford to buy now are telling me that in this market if they had the money, they would be buying all the real estate they could get. But the people with the money aren’t thinking that way. 
 

- 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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