Market Conditions

Written by Posted On Thursday, 20 September 2007 17:00

The buyers market of Pensacola, Florida, is seeing prices in a downward trend.

Experts are predicting prices to level out, with the average sold price so far for 2007 around $227,000.

With a large inventory of homes available, days on market has increased to 137 days -- from 98 in 2006 and just 61 in the boom year of 2005.

Homes are selling for around 95.20 percent of their asking price.

For information on your area, please click here .

Read 1014 times
Rate this item
(0 votes)

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.