You may have seen that the February national existing home sales data (January to February) from NAR indicate a decline of nearly 10%.
Well, the statistic local to NW Florida are MUCH better in contrast:
Nationally: -9.6%
Pensacola Association of Realtors Sales: 0% (flat)
Emerald Coast Association of Realtors Sales: -2%
Also, NAR states that new homes cost 45% more than resale home for a comparable structure!
Normally is would be closer to 15%!
This makes a resale home a better value than ever.
www.gibbons-realty.com
Well, the statistic local to NW Florida are MUCH better in contrast:
Nationally: -9.6%
Pensacola Association of Realtors Sales: 0% (flat)
Emerald Coast Association of Realtors Sales: -2%
Also, NAR states that new homes cost 45% more than resale home for a comparable structure!
Normally is would be closer to 15%!
This makes a resale home a better value than ever.
www.gibbons-realty.com
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