MAY 2020 MARKET REPORT FOR PENSACOLA FL AREA

Dated: June 17 2020

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MAY 2020 MARKET REPORT FOR Pensacola FL AREA.  

The number of Active properties for sale continues a downward trend.  From 2,324 actives in May 2019 to only 1,573 actives in May 2020.  Looking at the number of properties sold in May 2019 - 1,029 or 45% of the May Actives dropped to 781 or 50% of the actives in May 2020. 

The Supply of Active Properties is at a 13 year low.  Deman is still close to 13 year high. The Days on the Market is at a 13 year low.  If the Coronavirus and Riots do not get worse it is very likely to see prices go up in the near term. 

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Gordon Dey

After retiring from the USMC Gordon continued his passion for serving others through his real estate business. Gordon Dey was Broker/Owner and Coach of some of the best agents in Florida. Gordon Dey w....

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