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Pensacola Real Estate Weekly Market Report for Week Ending July 5, 2008

Pensacola Real Estate Market Data
Weekly Update For Residential Listings 
In Escambia and Santa Rosa Counties

 Pensacola Real Estate Weekly Market Report

Pensacola Real Estate Weekly Market Report

Welcome to the weekly Pensacola real estate market report. This one covers the week of June 29-July 5

We saw a big jump in sales at the end of May.  The jump in home sales at the end of June actually surpassed that of May, which is great news. The table doesn’t show it because the table is on a Sunday-Saturday week. However, from June 24-June 30 the total home sales reached 178

Days On Market (DOM) is up a little, but that is attributed to several high end homes selling that had been on the market for 500 to 900 days. If we take out these oddball sales, average DOM for Pensacola homes sold during that week comes to 155 days.   

I have done quite a bit of home searching for clients this past few weeks and it seems like every other home I came across is a short sale.

If you want to know more about short sales, check out my article on Pensacola Real Estate Short Sales – Is It Worth It   for more information on why short sales are so frustrating for both the real estate agent and the buyer.  

Look for more posts coming soon about the number of short sales on the market and the problems with buying bank owned foreclosure properties. 

Look also for an upcoming 6 Month beach report where I will show the active real estate listings and sales on Pensacola Beach and Perdido Key for the first 6 months of 2008.

If you are interested in sales of homes in different areas of Pensacola, check out my Pensacola Real Estate Market Report By Area post which breaks out the sales by different areas Northwest Florida.

– The table shows the weekly market data for Pensacola residential property.
– These numbers include only residential homes and condominiums in Escambia County and Santa Rosa County 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

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

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