The monthly September Pensacola Association of Real Estate Stats are now available:
HIGHLIGHTS
- September sales are down from last month but up from last year with 746 units sold. Last month 776 units sold. Number of sales Y-O-Y is up 9.1%.
- Cash buyers represent 25% of all residential sales in our area, up from last month, 23%.
- September average "days on market" is down slightly from August with 71 days to: 70 Days.
- Average sold price is $399,424, this is up from the prior month and up by 7.5% compared to September 2024 Y-O-Y, $371,493.
- September inventory is down month over month to: 3439 units, but up from September 2024, with 3284 units. Y-O-Y increase in inventory of 4.7%
- September months of inventory is 4.6 months, up from August 4.5 months, and down from September 2024 with 4.8 months inventory.
- Average List to sold price difference in September was -3.1% compared to -3.3% in August.
- The inventory of homes is 4.6 months, 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, neither favoring the buyer or seller.
Have a great day!
