Welcome to 2023!

Happy New Year! 

It seems that everyone that I meet is wondering what the real estate market holds for 2023.

Since real estate is hyper-local, I always begin by saying: It depends on where you are!

For the local real estate market, I see 2023 as a potentially less volatile year that the last several. I believe this because our highs tend to be less high than average and our lows less low.

People continue to move to Florida and our workforce housing situation has not improved. There is a real shortage of entry level homes and this isn’t going to end anytime soon. The reason is simple…. nobody is building entry level homes in this market.

This will change and the supply and demand issues get sorted out in the market place. But until that time…. there will still be a robust market for homes under the median price in the Pensacola MSA.

If you have question or concerns about selling or buying, just let me know. I would be happy to provide the most up to date analysis possible to help you.

Have a great year everyone!

Dan