Market report for Pensacola Florida for Month of June 2007

As everyone is aware, this is a buyers market. Per the Multiple listing system....there are 5220 residential detached homes on the market in the Pensacola, Florida area. There were 517 residential detached homes that sold. They averaged being on the market for 121 days. As of today there are 407 residential homes that are pending to close.

There are 1464 active condos on the market as of today. There are 18 pending transactions and 37 Condos that sold. Days on market for these are 161 days.

I don't know if buyers are aware of the monies out there for them if they qualify. There is the SHIP program (State Housing initiative program). There are first time home buyer programs. What I am saying is that there are programs out there to help you purchase a home. Don't let fear keep you from owning your home.

Posted Monday Jul 30

(07/30/07 02:43PM) — George Souto

Diane, you are so right about there being help out there for First Time Homebuyers. We have CHFA here in Connecticut and the rate on that Loan Program is 5.875 on a 30 year fixed mortgage, and they will let you borrow the downpayment and closing costs at the same rate.

By the way I have real good friends that moved from Connecticut to Pensacola about 5 years ago, they really seem to like living there.

(07/31/07 03:47PM) — Dianne Barody - Pensacola Florida Real Estate

Hi George, thanks for commenting. Yes, I am trying to get the word out about all the programs that are available.

Glad to hear that your friends love it here! I do too.

(07/31/07 03:56PM) — Boise Idaho Real Estate - George Tallabas

You go get them my friend and get those buyers signed up. It is a great time to buy and "He who hesitates" may end up loosing out. I hope you are having a great day.

(08/01/07 01:45PM) — Dianne Barody - Pensacola Florida Real Estate

Hi George, you seem to be my biggest fan and for that I thank you. I am having a wonderful day.