Pensacola Real Estate Market Update - Week Ending January 19, 2008

Weekly Update For Residential Listings
In Escambia and Santa Rosa Counties

The table shows that the number of homes on the market in Pensacola Florida is starting to increase a little, reversing what was a downward trend toward the end of 2007. I checked again today and the number is even higher, currently at 6385 listings active. The homes sold the past week also remains very low, but is up a little from the previous week.

Notice that I have added a new column for Expired and Withdrawn listings. You can see that the end of 2007 and beginning of the new year are times when many sellers will allow their listing agreements with real estate agents to expire or the sellers take their homes off the market. Most of these are overpriced homes, so it is good for the market overall when they are taken off the market.

- The table shows the weekly market data for Pensacola residential property.
- These numbers include only residential homes and condominiums in Escambia and Santa Rosa Counties that are listed in the Pensacola MLS.
- They do not include vacant land or lots, mobile homes or manufactured homes or Pensacola FSBOs.
- The numbers above are created using data from the Pensacola MLS and are deemed reliable but not guaranteed

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