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Pensacola Real Estate Market Report for July 2008

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

Pensacola Real Estate Market

The table shows the Pensacola real estate market data for the month of July 2008, as compared to previous months.  Pensacola home sales have not quite reached the level they did in the previous 2 months, but they may get there yet as slower agents put their sold listings into the MLS.  

When I did my monthly report for June, there were only 433 sold listings for June entered in the Pensacola MLS. In the following weeks, 36 more sold listings were added for June, bringing the total sold to 469. This kind of delay in getting sold listings put in the MLS just makes the numbers less useful and is a disservice to the community of real estate professionals who are trying to help their clients with accurate comparable properties in buying and selling homes. 

I’ll get off my soapbox now and talk a little about the market. Inventory of homes is holding steady and we are doing fair as far as sold homes go. I think once all the numbers are in, we will have a decent month, relative to this slow market. There is not much more to tell this month. I’d love to give a more exciting report, but we are where we are, and that is not too exciting from a real estate perspective.  

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

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.

And remember buyers, if you are waiting for the market to bottom out, it is likely the market will be moving back up by the time you buy.    

- The table shows the monthly 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.
- 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

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

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