Inventory of Pensacola homes continues to shrink

The inventory of unsold Pensacola homes is continuing to shrink as seen in the months of inventory chart below:

 

At 11.8 months, this is the fewest months of inventory of homes in March since 2006. This is further proof of the improving real estate market in Pensacola, Florida.

Other March data will be release next week for residential number of sales, average price sold and total inventory (homes, condos and townhomes).

As the housing markets across the country begin or continue to improve some will recover faster than others. As the saying goes “all real estate is local”.