10/06/2026
๐ก PENSACOLA AREA HOUSING MARKET UPDATE ๐ก
Here's a quick look at what happened in our local market over the last 30 days:
โ
Homes Sold: 835
โ
Median Sales Price: $319,900
โ
Average Days on Market: 74
โ
FHA 30-Year Fixed Rate: 7.24%
So what does that mean? ๐
๐ FOR BUYERS:
More homes sold than last month AND this time last year. Prices dipped a little, so you may have more room to negotiate than you did over the summer. Rates are back over 7%, so before you assume you're priced out, talk with your lender about different loan options, a rate buydown, or asking the seller to help with closing costs.
๐ FOR SELLERS:
Buyers are still out there! Sales are up from last year, and homes are selling a little faster than they were a year ago. Prices have softened slightly, so pricing it right matters more than ever. Homes at market value are moving. Overpriced ones sit. Offering a rate buydown or closing cost help can make your home stand out.
๐ญ MY TAKE:
Activity is picking up while prices level off. Rising rates are still the biggest thing to watch, but well priced homes are selling. If you're waiting for a big shift before making a move, I wouldn't hold your breath.
๐ฉ Thinking about buying or selling? Send me a message for a FREE home value estimate or to talk through what these numbers mean for you. Always happy to help!