Market Report for August 2021

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Real Estate

In August the Real Estate Market for Niceville cooled off slightly.  Unlike the previous months, houses sold close to list price.  The average days on the market increased to 26 from 17 in July.  The average sales price per ft2 for Jan-Aug was $208.  The months of sales inventory (MSI) dropped even lower to less than 1 month of inventory.

While prices and multiple offers have settled down, we are still very much in a seller's market.

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