Pensacola Area Real Estate Market Stats - HIGHLIGHTS
- August Sales are down from last month and down from last year with 796 units sold. Last month 854 units sold.
Number of sales Y-O-Y was down 0.4%. - Cash buyers represent 26% of all residential sales in our area, up from last month 24%.
- August average "days on market" is remains unchanged from June at 60 days to: 60 Days.
- Average sold price is $381,559, this is up from the prior month but down 5.5% from August 2023 Y-O-Y, $403,965.
- August inventory is up month over month to: 3340 units, and up significantly from August 2023, with 2026 units. Y-O-Y increase in inventory of 55%!
- Months inventory is 4.2 months, up from July 3.8 months, and up from and up from August 2023 with 2.7 months inventory.
- Average List to sold price difference in August was -2.8% up from -2.5 % in July.
- The inventory of homes remains low with 4.2 months inventory, this level is considered a weak 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.
