February 2021 Pensacola Area Housing Market Update

Real Estate Agent with Gulf Coast Home Experts BK3213844

The monthly housing market update for February 2021 is now available, and inventory has declined to a less than one month supply while average sale prices declined slightly.


Average Sales prices were $294,130 at month end, down from $298,192 in January and up from $260,794 one year ago.


 Pensacola Area Housing Market Average Sales Price of Homes February 2021


Pensacola Area Housing Market Average Home Sales Price February 2021


Inventory decreased to another record low with only 726 homes listed at month end, down from 768 in January and down from 1969 one year ago in February 2020.  With 803 housing sales in February, this equals to less than a one month supply of homes.  


Pensacola Area Housing Market Number of Homes For Sale at Month End February 2021


Pensacola Area Housing Market Number of Homes Listed For Sale February 2021


The lack of inventory means that it continues to be a Seller's market, with many homes bringing multiple offers and favorable terms for Sellers and fewer average days on the market.


Pensacola Area Housing Market Average Sales Price to Inventory


Pensacola Housing Market Average Days on Market


If you would like to receive an updated property valuation with a Seller's Net Sheet to see what equity you might cash out for the sale of your home in the current market, please email me or call 850-449-0908.  I would be happy to meet with you to discuss current housing market conditions and how to get the best price and terms when we list your home for sale.  You can also click the link below for a quick market snapshot (the link does not provide a full property valuation).


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Click the link above to schedule a showing of any home for sale in Pensacola & surrounding areas.


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Trish Sarfert, Broker Associate, GRI, MRP

850-449-0908 cell 


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Comments (2)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Mar 18, 2021 01:06 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good day Trish! Great market report that is easy to understand. Thank you for posting!

Mar 18, 2021 09:13 AM