Pensacola Association of REALTORS®

Monthly Statistics.

The PAR office posted the monthly statistics with regard to sales:

March 2006
# For Sale : 5651
Sales For March: 488
Average Sold Price: $207,761
Average Days on Mkt: 94

COMPARED TO LAST YEAR:

March 2005
# For Sale: 1487
Sales: 649
Average Sold Price: $181,849
Average Days on Mkt: 74

Over 4000 more listings for sale in March 2006.
Less sales occuring this month compared to March 2005.
Listings on the market longer.
Sales prices are up though.

It's a BUYERS' Market: The supply of available properties exceeds the demand.