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Pensacola Real Estate News Weekly Market Report for Week Ending September 6, 2008

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

 Pensacola Real Estate Market Weekly Update

Pensacola Real Estate Market Weekly Update

 

Here is another weekly Pensacola real estate market report. This one covers the week of August 31 – September 6, 2008

This is my first weekly report in several weeks, so I added the weeks in the August 24th through September 6 timeframe to catch up. I’d like to say the Pensacola real estate market has been keeping me too busy to write blog posts, but that is not the case. Other issues have required my time, but hopefully I’ll be back on track here soon.

We saw a hopeful ending to August with 160 sales and a large drop in the inventory of homes on the market. But my overall monthly Pensacola real estate sales data for August was not as bright.

We’re in the middle of hurricane season right now, so buying real estate can be tricky when there is an active storm in the area. Hurricane Ike did nothing to help people feel better about moving to the Gulf Coast. As many of us remember the destruction wreaked upon Pensacola by hurricane Ivan in 2004, we can imagine the devestation and misery in Galveston right now.   Also look for repercussions in the insurance industry.

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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