Pensacola, FL housing market

Pensacola homes now sit for about sixty-seven days, and nearly one in five sellers has already cut the price. Here is what that means for what your home is worth right now. Start with supply. There are about one thousand four hundred sixty homes for sale in Pensacola, and roughly 470 new listings are hitting the market, so buyers have plenty to choose from. That supply is why the typical sale takes more than two months, and why about one in five listings has taken a price cut. But here is the twist. Despite all that, the typical Pensacola home value is about two hundred sixty-eight thousand dollars, up just over one percent from a year ago. Values are holding, not falling. One number explains the tension. The median list price is around three hundred five thousand dollars, well above that typical value. Sellers are aiming high, then negotiating down. So if you are selling in Pensacola, price for the market you have, not the one you want. A well-priced home still sells here. An ambitious one joins the sixty-seven-day crowd and cuts. For a free estimate of what your home is worth today, visit Home Value Pros dot com.