Data Analysis
Active listings in Escambia and Santa Rosa counties went under contract 243 times from October 20 to November 2, 2026, up from 120 in the prior two weeks, as Santa Rosa's count more than doubled to 125.
Our Pensacola MLS feed logged 243 new contracts and 325 price cuts in two weeks to November 2, about 1.3 cuts per contract, down from 1.9.
From October 20 through November 2, 2026, our live Pensacola MLS feed logged 243 active listings going under contract in Escambia and Santa Rosa counties, up from 120 from October 6 to 19. Santa Rosa County rose from 56 to 125 and Escambia County from 64 to 118. In Milton, contracts went from 15 to 57. Sellers cut asking prices 325 times, up from 234, so cuts per new contract fell from about 1.9 to 1.3. The median cut was 2.63 percent, or $10,000. All figures are ours, computed from Pensacola MLS records; information is deemed reliable but not guaranteed.
This is a two-week read on contract pace. Our October 26 article on Santa Rosa new listings slowing covered new supply, our October 28 piece on Pensacola condos under contract covered condos, and our October 30 Pensacola new homes roundup covered builders. Completed-month figures are in our Pensacola closed sales and Pensacola median price articles, and the full series is on the Pensacola market data hub.
Where did Pensacola-area contracts rise?
Every large place in the two counties logged more contracts in the second window. By mailing city:
| City | Contracts Oct 6-19 | Contracts Oct 20-Nov 2 | Price cuts Oct 20-Nov 2 | New listings Oct 20-Nov 2 |
|---|---|---|---|---|
| Pensacola | 42 | 80 | 139 | 264 |
| Milton | 15 | 57 | 75 | 45 |
| Pace | 18 | 32 | 26 | 30 |
| Cantonment | 16 | 26 | 33 | 46 |
| Navarre | 7 | 16 | 18 | 14 |
| Gulf Breeze | 14 | 15 | 18 | 14 |
Source: Momentum Research, computed from Pensacola MLS records, Escambia and Santa Rosa counties, October 6 to November 2, 2026. Contracts count active listings that moved to active under contract or pending. Deemed reliable but not guaranteed.
Milton ZIP 32583 logged 41 contracts against 55 price cuts and only 20 new listings. Pace ZIP 32571 logged 33 contracts against 26 cuts. In Pensacola, ZIP 32503 was the exception, with 30 cuts against 7 contracts.
Which price ranges drew the most contracts?
Homes under $400,000 drew 169 of the 243 contracts. The pace slowed above $500,000.
| List price band | New listings | Price cuts | New contracts | Cuts per contract |
|---|---|---|---|---|
| Under $200,000 | 65 | 33 | 35 | 0.9 |
| $200,000 to $299,999 | 123 | 71 | 57 | 1.2 |
| $300,000 to $399,999 | 109 | 102 | 77 | 1.3 |
| $400,000 to $499,999 | 56 | 42 | 32 | 1.3 |
| $500,000 to $749,999 | 65 | 45 | 23 | 2.0 |
| $750,000 to $999,999 | 19 | 20 | 10 | 2.0 |
| $1 million and above | 23 | 12 | 9 | 1.3 |
Source: Momentum Research, computed from Pensacola MLS records, Escambia and Santa Rosa counties, October 20 to November 2, 2026. Band uses the price before the cut. Deemed reliable but not guaranteed.
The median home that went under contract had a list price of $329,900, and the median new listing asked $334,900. Single-family homes accounted for 229 of the 243 contracts. Condos logged 10 contracts and 17 cuts.
Are builders or resale sellers cutting deeper?
Resale sellers cut deeper. Our feed flagged 106 of the 325 cuts on new construction, with a median cut of 1.62 percent. The 219 resale cuts had a median of 3.23 percent. New construction drew 77 of the 243 contracts, about one in three. Most new-home activity is in Santa Rosa County, as our builder roundup showed.
Santa Rosa logged 141 cuts against 125 contracts, about 1.1 per contract. Escambia logged 184 cuts against 118 contracts, about 1.6. Escambia also added 344 new listings in the window, against 116 in Santa Rosa, so Escambia buyers have more fresh choice.
How much supply is on the market?
Our live map on November 3 showed 1,864 active listings in the two counties against 730 pending or under contract, about 2.6 listings per contract. Pace ran at 1.8 to 1, Navarre at 1.7, Cantonment at 1.9 and Milton at 2.3. The city of Pensacola ran at 3.1 to 1, Perdido Key at 7.3 and Pensacola Beach at 9.0. The median active listing had been on the market about 50 days, and 235 had been listed 180 days or more.
What does this mean for buyers and sellers?
For buyers in Milton and Pace, competition picked up quickly: new contracts in those two places outnumbered new listings in the window. Homes under $400,000 drew most of the contracts. Insurance and tax budgets are covered on our Pensacola home insurance page and the Escambia County and Santa Rosa County property tax pages.
For sellers above $500,000, cuts still ran at about two per contract. In Pensacola ZIP codes 32507 and 32526, new listings ran 117 against 42 contracts, so sellers there are competing with a growing pool. Recent cut history by community is on our Santa Rosa County price cuts page.
People also ask
Is the Pensacola housing market picking up?
Contract activity rose. Our feed logged 243 active listings going under contract in Escambia and Santa Rosa counties from October 20 to November 2, 2026, up from 120 in the prior two weeks. Two weeks of data cannot show whether the pace will hold.
Where are homes selling fastest near Pensacola?
On November 3, 2026, Navarre ran at 1.7 active listings per home in contract, Pace at 1.8 and Cantonment at 1.9, against 3.1 in the city of Pensacola. Milton contracts rose from 15 to 57 between the two windows.
Are Pensacola sellers cutting prices?
Yes. Our feed logged 325 price cuts in the two counties from October 20 to November 2, 2026, with a median cut of 2.63 percent, or $10,000. Resale cuts ran deeper than new construction, at a median 3.23 percent against 1.62 percent.
Limitations
Counts come from the change log of our live Pensacola MLS feed, which records a change when our refresh sees it; refreshes were lighter on weekends in both windows. Contracts count only active listings that moved to active under contract or pending. Listings that first entered the feed already under contract, often builder sales, are excluded from both windows. A listing that changed more than once in a category within a window is counted once. City follows the listing's mailing city. The live map counts by city name and can differ from monthly inventory figures. Contracts can fall through, and 38 listings went back on the market in the second window.
Sources
- Momentum Research, computed from Pensacola MLS records, Escambia and Santa Rosa counties (listing change log, October 6 to November 2, 2026; live map snapshot, November 3, 2026). Information is deemed reliable but is not guaranteed by the MLS to be accurate.
- Momentum Research, Pensacola Market Pulse.
- Full monthly series and per-feed attribution: Pensacola market data
Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.
Market statistics in this article are computed from MLS data licensed by Momentum Realty, and are current as of the date shown. Data may be preliminary and subject to revision by its source. This article is general information, not advice about any specific property, transaction, or financial decision, and is not a representation about any specific property, community, builder, or association.
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