Current Pensacola Florida Real Estate Market Trends From Chris Reid Realtor
- August sales are down from last month and down from last year with 767 units sold. Last month 774 units sold. Number of sales Y-O-Y is down 3.6%.
- Cash buyers represent 23% of all residential sales in our area, up slightly from last month, 22%.
- August average "days on market" is unchanged from June with 71 days to: 71 Days.
- Average sold price is $391,758, this is down slightly from the prior month and up by 2.7% compared to August 2024 Y-O-Y, $381,559.
- August inventory is down month over month to: 3486 units, and up from August 2024, with 334 units. Y-O-Y increase in inventory of 4.4%
- August months of inventory is 4.5 months, down from July 4.6 months, and up from August 2024 with 4,2 months inventory.
- Average List to sold price difference in August was -3.3% unchanged from -2,6% in July.
- The inventory of homes has 4.5 months inventory, this level is considered a "Neutral 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.
