Pensacola Area Real Estate HIGHLIGHTS
- January sales are down from last month but up from last year with 483 units sold. Last month 704 units sold. Number of sales Y-O-Y was up 2.5%.
- Cash buyers represent 26% of all residential sales in our area, up from last month 24%.
- January average "days on market" is up from December with 81 days to: 82 Days.
- Average sold price is $377,824, this is up from the prior month but down 4.9% from January 2023 Y-O-Y, $397,436.
- January inventory is up month over month to: 3238 units, and up from January 2024, with 2529 units. Y-O-Y increase in inventory of 28%
- Months of inventory is 6.7 months, up from December 4.5 months, and up from January 2024 with 5.4 months inventory.
- Average List to sold price difference in January was -2.6% down from -2.7 % in December.
- The inventory of homes has 6.7 months inventory, this level is considered a weak "buyer'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.
