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Pensacola Real Estate News Market Report For Week Ending August 9, 2008

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

Pensacola Real Estate Market

Pensacola Real Estate Market


Here is another weekly Pensacola real estate market report. This one covers the week of August 3-9, 2008

This week we saw a typical slow start in home sales at the beginning of each month. As you can see from the table, sales always pick up towards the end of each month.  And our homes on the market dropped again, but not by much.  Overall, there is very little to report on market changes. So I’ll just babble about insurance for a bit.  

We’re in the middle of hurricane season right now, so getting homeowners insurance for your real estate can be tricky when there is an active tropical storm in the area. Tropical Storm Fay was hitting southern Florida as I wrote this report. 

It is a good idea to bind your homeowner’s insurance policy if you are buying a home during hurricane season. Ask your insurance agent about binding the policy. If you do not bind your policy and a storm is in the Gulf/Carribean/Atlantic Ocean area, the insurance company may not issue you a policy, which could delay closing on your home. 

If you are in the market for a home insurance policy, or any insurance policy, check out my article “Think You’re In Good Hands? Think Again “. New information has come out about Allstate and its settlement with the state of Florida. I will be posting that information within a few days.  Big companies that bully consumers really piss me off. Please read the article linked above before you buy insurance of any kind.  

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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