Do you want content like this delivered to your inbox?
Share
Share

What Do the Latest Stats Say About Our Market?

Sandy Blanton

Broker Sandy Blanton is a Pensacola native has been a leader in the gulf coast's real estate industry over the past 30 years...

Broker Sandy Blanton is a Pensacola native has been a leader in the gulf coast's real estate industry over the past 30 years...

Nov 8 2 minutes read

If the latest year-over-year statistics are any indication, our market is starting to shift toward more of a buyer’s market.

For your latest Pensacola market update, let’s look at some statistics from last September and see how they compare year over year with the numbers from September 2017.

First off, the number of homes sales increased 5% to 804. The median sale price, meanwhile, increased just 1% from $221,000 to $224,000—the lowest year-over-year increase we’ve seen in almost two years. We’re still in a seller’s market, but as you can see, conditions are starting to favor buyers more and more.

"We’re still in a seller’s market, but as you can see, conditions are starting to favor buyers more and more."

As for the rental numbers, the median price for a rental home increased 5% from $1,150 to $1,212 per month. In 12 years, rental prices are expected to double to $2,400 per month. This means if you’re currently renting, unless you don’t plan on living in your area for longer than six months or a year, you should seriously consider buying.

If you have any more questions about our market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.

See how much your home would sell for, today.

  • Step 1
  • Step 2
Enter your address to begin
  • Step 1
  • Step 2
First Name
Last Name
Email
Phone
Best time to call

Thank you! Your home value is on it's way!

Planning to sell this year? Learn more about our options

Get an instant offer, listing recommendation, or property management quote 

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info