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Pensacola Real Estate News Monthly Market Update for June 2008

Pensacola Market Data For June 2008
Residential Properties in 
Escambia and Santa Rosa Counties

Pensacola Real Estate Market Report

The table shows the Pensacola real estate market data for the month of June 2008, as compared to previous months.  Pensacola home sales have not quite reached the level they did in May, but they may get there yet as slower agents put their sold listings into the MLS.  

It is hard to write much of an exciting report given the numbers in the table. Not much has really changed overall. We remain in a somewhat stagnant real estate market in the Pensacola Florida area. But many real estate agents have reported increased activity.

If you look back to September of 2007,  the big change you will see is that we have over 500 fewer homes on the market now than we did back then. In my opinion this isn’t the result of more homes being sold. It simply comes from sellers who overpriced their homes taking them off the market.

 Keep checking back for my weekly and monthly updates to keep abreast of what is going on in this market.

And remember buyers, if you are waiting for the market to bottom out, it is likely the real estate market will be moving back up by the time you buy.  Go find the good deals now.   

– 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.
– The numbers do not include vacant land or lots, mobile homes or manufactured homes.
– The numbers are generated using data from the Pensacola MLS and are deemed reliable but not guaranteed

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