Pensacola Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

March 13, 2023

February Pensacola real estate market stats are now available

The monthly February PAR stats are now available on Dropbox.

HIGHLIGHTS

  • February sales are up from last month but down from last year with 633 units sold. January 539. Number of sales Y-O-Y, down 29%.
  • February average days on market is up from January to: 59 Days.
  • Average sold price is $361,767, this is up from the prior month and up 3.7% since February 2022 Y-O-Y, $348,750.
  • February inventory is down to: 1783 units, up from February 2022, with 737 units. Y-O-Y increase in inventory of 132.5%
  • Months inventory is 2.8 months, down from January at 3.7 months, and up from February 2022 with 0.9 months inventory.
  • Average List to sold price difference in February was -2.8% a change from -3.8% in January.
  • The inventory of homes remains low. With 2.8 months inventory, is still a sellers market in our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market.
Posted in Market Updates
Feb. 8, 2023

January 2023 Real Estate Stats for the Pensacola Area

The monthly January PAR stats are now available on Dropbox.

HIGHLIGHTS

  • January sales are down from last month and down from last year with 536 units sold. December 2022 there were 716. Number of sales Y-O-Y, down 32.4%.
  • January average days on market is up from December to: 51 Days.
  • Average sold price is $336,488, this is down from the prior month and Down 1.0% since December 2021 Y-O-Y, $339,839.
  • January inventory is down to: 1982 units, up from January 2022, with 809 units. Y-O-Y increase in inventory of 145%
  • Months inventory is 3.7 months, up from December at 2.8 months, and up from January 2022 with 1.0 months inventory.
  • Average List to sold price difference in December was -3.8% a change from -2.8% in December.
  • The inventory of homes remains low. With 3.8 months inventory, is still a sellers market but on the verge of a neutral market in our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market.
Posted in Market Updates
Dec. 16, 2022

Real Estate Stats Pensacola Area

The monthly November PAR stats are now available on Dropbox.

HIGHLIGHTS

  • November sales are down from last month and from last year with 621 units sold. October 2022 there were 817. Number of sales Y-O-Y, down 30%.
  • November average days on market is up from October to: 34 Days.
  • Average sold price is $358,889 this is up from the prior month and Up 6.7% since November 2021 Y-O-Y, $336,348.
  • November inventory is up to: 2,086 units, up from November 2021, with 1,144 units. Y-O-Y increase in inventory of 82.3%
  • Months inventory is 3.4 months, up from October at 2.5 months, and up from November 2021 with 1.3 months inventory.
  • Average List to sold price difference in November was -3.5% an increase from -2.1% in October.
  • The inventory of homes remains low. With 3.4 months inventory, is still a sellers market but approaching a neutral market in our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.
Posted in Market Updates
Oct. 19, 2022

September 2022 Greater Pensacola Area Real Estate Market Stats

The monthly September PAR stats are now available on Dropbox.

HIGHLIGHTS

  • September sales are down from last month and from last year with 898 units sold. August 2022 there were 960. Number of sales Y-O-Y, down 10.2%.
  • September average days on market is up from July to: 28 Days.
  • Average sold price is $380,558 this is up from the prior month and Up 14.4% since September 2021 Y-O-Y, $332,635.
  • September inventory is up to: 1,910 units, up from last September 2021, with 1,216 units. Y-O-Y increase in inventory of 57.1%
  • Months inventory is 2.1 months, up from July at 1.9 months, and up from September 2021 with 1.2 months inventory.
  • Average List to sold price difference is -1.7%
  • The inventory of homes remains low. With 2.1 months inventory is still a solid sellers market in our area.
Posted in Market Updates
Aug. 16, 2022

July 2022 Greater Pensacola Area Real Estate Market Stats

The monthly July PAR stats are now available.

HIGHLIGHTS

  • July sales are down from last month and down from last year with 925 units soldJune 2022 there were 1,118. Sales Y-O-Y, down 15.5%.
  • July average days on market is down from June to: 15 Days.
  • Average sold price is $387,099 this is down from the prior month but Up 15.4% since June 2021 Y-O-Y, with $335,510.
  • July inventory has increased to: 1,839 unitsUp from last month at 1,595 units and up from July 2021, 1,181 units. Y-O-Y increase in inventory of 55.7%
  • Months inventory is 2.0 months, Up from June at 1.7 months, and up from July 2021 with 1.7 months inventory. 
  • Average List to Sold price difference is -0.9%
  • The inventory of homes remains low.
Posted in Market Updates
Nov. 22, 2021

Property Sales Last Month

 
October 2021 Real Estate Sales
Sales in the Greater Pensacola and beach areas of condos and homes remain in record territory as seen in the monthly listing sales from the Pensacola MLS on the chart above. There were 1020 residential sales in October 2021. This is up from the previous month and year-over-year sales are significantly higher. This is the best October ever. Last year there were 866 sales in October. Inventory of homes and condos is very low, and the average residential price this month is at $338,980. The real estate market is continuing to be running hot, and sales are substantially greater than the past ten years sales. The current market is still considered a strong "seller's market"...
Posted in Market Updates
Nov. 22, 2021

Happy Thanksgiving

May it be as sweet as pumpkin pie!

Happy Thanksgiving!

In this time of Thanksgiving, I want to express my appreciation for you! Here's a wish for a happy, joyous and fun-filled Thanksgiving to all my peeps, and may it be as sweet as pumpkin pie!
Posted in Greetings
May 28, 2021

Happy Memorial Day Weekend

Memorial Day launches the unofficial start of summer in the US and Florida for certain! Boaters and beachgoers alike will be flocking to our world class beaches and the smell of barbeque will be in the air. We are ready!!!

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May 2021

 

 

 
 

 

East Hill Craftsman Coming Soon

Pensacola East Hill Home Coming Soon

Main house is 1595 square feet with 3 ample bedrooms and one bath, the guest house has 725 square feet with another bedroom and bath. The front of this Craftsman house features a stone accent, and custom milled siding which is freshly painted. The guest house above the garage features a large raised deck which overlooks the expansive yard. The open living/kitchen space has painted pine board walls, There is a separate bedroom and bath. The two car garage below is concrete block construction, great for cars or workshop ...

Read More >>

 

Property Sales Last Month

April 2021 Real Estate Sales

Sales in the Greater Pensacola and beach areas of condos and homes remain in record territory as seen in the monthly listing sales from the Pensacola MLS on the chart above. There were 1007 residential sales in April 2021. This down slightly from the previous month but year-over-year sales are significantly up; this is the best April sales ever. Last year there were 773 sales in April. Inventory of homes and condos is very low, and the average residential price this month is at $306,547. The real estate market is continuing to be running hot, and sales are substantially greater than the past ten years sales. The market is considered a strong "seller's market"...

Read More >> 

 

Memorial Day Holiday

Memorial Day Holiday

Remembering and honoring veterans who have served and sacrificed for our country.

 

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Posted in Newsletter
May 19, 2021

April Pensacola Association of Realtors stats:

HIGHLIGHTS

  • April sales down a little from last month but way up from last year with 1007 units sold. March 2021 had 1044 sales, and April 2020, 773. Sales Y-O-Y, up 30.3%. This a record number of unit sales for April.
  • April average days on market is down from 32 days to: 21 Days.
  • Average sold price is $306,547. Up 23.3% since April 2020 Y-O-Y, with $248,645.
  • April inventory has increase to: 751 units, but down from April 2020, 1912 units. Y-O-Y drop of inventory of 60.1%
  • Months inventory is 0.7 months, same as March at 0.7 months, but down from April 2020 with 2.5 months inventory.
Posted in Market Updates
May 3, 2021

March Local Housing Market Stats

HIGHLIGHTS

  • March sales are way up from last month and up from last year with 1041 units sold. February 2021 had 777 sales, and March 2020, 886. Sales Y-O-Y, up 17.5%. This a record number of unit sales for March.
  • March average days on market is down from 33 days to: 32 Days.
  • Average sold price is $295,719. Up 12.8% since March 2020 Y-O-Y, with $262,109.
  • March inventory has dropped to: 706 units, and down from March 2020, 2048 units. Y-O-Y drop of inventory of 65.5%
  • Months inventory is 0.7 months, down from February at 0.9 months, and down from March 2020 with 2.3 months inventory.
Posted in Market Updates