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Pensacola Real Estate Weekly Market Report For Week Ending July 12, 2008

Pensacola Real Estate Market Data
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 July 6 – 12

After a very good end-of-June showing in the local real estate market, we have had a major slow down this week. That is fairly typical for the beginning of the month. I’m just hoping for something fun to write about, but there is really nothing new to report this week, so I’ll go with the same short sale blurb that I used the previous week. It still applies, and apparently will for quite some time.

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

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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