Metropolitan Statistical Area (MSA):
Pensacola-Ferry Pass-Brent, FL is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Pensacola-Ferry Pass-Brent, FL metropolitan statistical area (MSA) has been one of the hardest hit areas in terms of real estate during the past few years. The combination of the national housing market crash and the BP oil spill have decimated home values in this once thriving region.
However, there are signs that the worst may be over for the Pensacola real estate market. Home sales have been on the rise for the past year, and prices appear to have stabilized. This is good news for both buyers and sellers in the area.
If you are thinking of buying a home in Pensacola, now is a good time to do so. Prices are still relatively low, and there is a good selection of homes on the market. It is important to remember, however, that prices could start to rise again soon as more people realize that Pensacola is a great place to live.
If you are thinking of selling your home in Pensacola, you may want to wait a little longer before putting it on the market. Prices are still below what they were pre-crash, so you may not get as much for your home as you would like. However, if you wait too long to sell, you could miss out on an opportunity to take advantage of rising prices.