The monthly November Pensacola real estate stats are in:
- November sales are down from last month and down from last year with 587 units sold. Last month 694 units sold. Number of sales Y-O-Y is down 4.4%.
- Cash buyers represent 24% of all residential sales in our area, up from last month, 23%.
- November average "days on market" is up from October with 80 days to: 82 Days.
- Average sold price is $378,592, this is down from the prior month and up by 3.3% compared to November 2024 Y-O-Y, $391,595.
- November inventory is down month over month to: 3180 units, and down from November 2024, with 3275 units. Y-O-Y decrease in inventory of 2.9%
- November months of inventory is 5.4 months, up from October 4.8 months, and up from November 2024 with 5.3 months inventory.
- Average List to sold price difference in November was -3.0% compared to -3.0% in October.
- The inventory of homes is 5.4 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.
