Thu Jan 23 2020
This week the median list price for Pensacola, FL 32505 is $74,499 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has held steady at or around 46.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$74,499|
|Per Square Foot||$65|
|Days on Market||124|
|Slight Seller's Advantage|
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$169,000||1,981||8,000 - 10,000 sqft||3||2||23||1||1||59|
|$98,000||1,381||0.25 - 0.5 acre||3||2||60||2||3||94|
|$65,000||1,102||8,000 - 10,000 sqft||3||1||62||3||0||161|
|$51,000||1,146||6,500 - 8,000 sqft||3||1||66||1||0||173|