October was another tough month for Florida, based on the latest data from the Florida Association of Realtors. Statewide, single-family home sales fell 3.5% from the prior month, while the median home price fell 3.1%; condo sales actually increased 2.7% from the prior month, but the median condo price fell 4.0%.
Florida Inventories remain extremely high. The state has approximately 18.5 months of single-family housing inventory on the market (nationally approximately 9.6 months of inventory). Florida’s condo inventory is approximately 30.8 months, compared to 13.8 months nationally.
PENSACOLA STATS
MEDIAN SALES PRICE
| Oct ‘08 | Oct ‘07 | Y/Y Change | Last 3 Mo. Y/Y Ch | |
| HOMES | 152,000 | 161,900 | -5.6% | -7.3% |
| CONDOS | 180,000 | 312,500 | -42.4% | -29.2% |
NUMBER OF SALES
| Oct ‘08 | Oct ‘07 | Y/Y Change | Last 3 Mo. Y/Y Ch | |
| HOMES | 280 | 319 | -12.2% | -19.9% |
| CONDOS | 36 | 29 | 24.1% | -7.5% |
For additional stats about Pensacola Home and Condo Sales, CLICK HERE!
CALL 850-393-5134 or EMAIL Cindy@Move2FLA.com
Filed under: Pensacola Beach Homes | Tagged: Pensacola Beach Homes, Pensacola Real Estate Stats
