The inventory of unsold Pensacola homes is continuing to shrink as seen in the months of inventory chart below:
The number of months inventory is at 11.68 months, this is the lowest September months of inventory of homes since September 2005. This further illustrates the improving real estate market in Pensacola, Florida.
Other Pensacola September real estate sales data; number of residential home sales, average price sold and total inventory (homes, condos and townhouses), continue to provide evidence of this improving market trend.
Some housing markets across the country begin to and continue to improve sooner than others, giving credence to the old expression “all real estate is local”.