September 2024 Pensacola Real Estate Market Stats are in:
HIGHLIGHTS
- August sales are down from last month and from last year with 672 units sold. Last month 796 units sold. Number of sales Y-O-Y was down 13.3%.
- Cash buyers represent 23% of all residential sales in our area, up from last month 26%.
- September average "days on market" is up from August with 60 days to: 66 Days.
- Average sold price is $379,117, this is down from the prior month and down 2.1% from September 2023 Y-O-Y, $387,335.
- September inventory is down month over month to: 3284 units, and up significantly from September 2023, with 2296 units. Y-O-Y increase in inventory of 43%!
- Months inventory is 4.9 months, up from August 4.2 months, and up from and up from September 2023 with 3.9 months inventory.
- Average List to sold price difference in September was -2.5% up from -2.8 % in August.
- The inventory of homes has 4.9 months inventory, this level is considered a seller's market. Generally when Months Inventory is generally less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market. Between 4 and 6 months inventory is a neutral market.
