The numbers from April are impressive for yet another month in our area. The average price for a home in the Escambia and Santa Rosa counties went up $11,000. However the story across the rest of the country is different. Several studies from NAR, Forbes and other real estate groups are predicting a market cooling, not a CRASH, but a correction due to interest rates.  As nationwide data trickles in for April, it's becoming clear that the historically hot housing market has flipped trajectories. It's now in cooling mode. The number of homes listed for sale is rising again. Redfin reports 15% of home sellers in April cut their asking price- up from 9% a year ago. This is not the case in OUR AREA quite yet, but we often do see trends across the country hit us later.

In Escambia/Santa Rosa Counties

• In April 1029 homes sold

• Avg days on market- 5 days

• Avg price per sq foot $153

• Avg Price in April $379k

• Avg Price in March $364K

If you are curious what your home is worth, here is our site that will give you a good idea. However we are the experts and can come in with more specific data to let you know exactly what it is worth.