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Pensacola Florida Real Estate Report 8-9-2022

Dated: August 7 2022

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Pensacola Real Estate Report August 9, 2022

The supply of inventory needed to sustain a normal/balanced market is approximately a 6-month level.  Anything more than that is an overabundance of homes which would cause prices to fall.  Anything less than 6-months of inventory means there is a shortage of homes for sale and will tend to cause prices to rise.

We are still in a seller's market.  The number of homes for sale has tripled since March 2022 but we are at less than 2 months of inventory.  We are far short of a balanced market.  The number of homes under contract is approximately 18% less than in March of this year in Pensacola Florida.

What does this mean?  It means buyers are now finding a few more choices and fewer multiple offer situations.  What it means for sellers here in the Pensacola market is you have to be more precise when pricing a home to sell.  

Below you will find my six-month rolling average of single-family detached home sales for both Escambia and Santa Rosa County Florida.  

Finally in this post here is a look at closed sales per month since 2017.  I have combined sales for both counties.  The graph that shows the number of houses under contract is our leading indicator of future closed sales.

Jack Lara, Broker-Associate with eXp Realty, LLC a cloud-based worldwide leading real estate company.  I serve the Pensacola Florida market.

(850) 616-6377 [email protected]

PensacolaAreaProperties.com

Florida Corporate Address: 10752 Deerwood Park Blvd Suite 100 Jacksonville FL 32256

Joaquina Alberto Lara, LLC

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Jack Lara

I am originally from Southern California. I joined the Marines to follow my childhood dream of flying and serving. And this dream is what originally brought me to Pensacola, Florida.I have called Pens....

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