This is just a quick post to encourage you to check out our market update on the Tallahassee Real Estate Web Site. Our inventory tracking data is continuing to show great signs of a turn in the amount of inventory in the Tallahassee real estate market. Read the rest of this entry
As any of our long-term readers know, we update our Tallahassee Market Bulletin page about twice per week, showing the inventory movement in the Tallahassee real estate market. We have been looking closely at the 180 day trend on inventory flows to hopefully see it drop below the “zero” line and thus show that inventory is being reduced in Tallahassee. Well take a look at this… Read the rest of this entry
The key to determining how much a home is worth is being able to put yourself in the buyers’ shoes and look at what their options are. If there is a scarcity of homes, you can press for a higher price for your home. If there is an abundance of homes for sale, you need to price yourself below your competition. So, what if you had a handy one-page report that would help you decide? Read the rest of this entry
I’m using this weekend to catch up on a lot of the market data that we have been collecting. As the summer selling season winds to an end and the fall season begins, I wonder how the inventory in the Tallahassee real estate market is going to be affected. If I am to believe that these short term trend graphs will continue to the long-term trend graphs, then we are viewing evidence of the market turn! Read the rest of this entry
Once a month, I receive my data for all the recorded sales in Leon County. This complete data set is roughly 50% larger than the sales data from the Tallahassee Board of Realtors Multiple Listing Service (MLS), and thus it gives us a better perspective of the entire Tallahassee real estate market than just the MLS reports.
Fortunately, you can visit our Tallahassee Market Bulletin more than just once per month, as we update the information there at least twice per week. The Tallahassee Market Bulletin can be viewed any time and is located at http://www.manausa.com/market.php. Also, you might have noticed the three buttons that are in the footer of each blog post. You can access market reports directly by clicking any or all of these buttons.
The Tallahassee Real Estate Market Report for June has been posted, please stop by and don’t forget to give us feedback so that we can continue improving upon the reports.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
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Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
Sometimes if we look hard enough, we can find something new to report in the Tallahassee real estate market. Today, I have produced real estate inventory graphs that show what appears to be a change in the direction of growth in residential inventory.
If you refer back to a previous article on real estate inventory in Tallahassee, we thought we might be seeing something to indicate a directional change in residential inventory (the amount of homes on the market has been growing, now it appears that the amount of homes on market might actually be shrinking). Below, we can see inventory trend charts from 180 day trend down to a thirty day trend. The short trends are showing reduction, while the longer trends are showing growth. It will be exciting when the one year trend shows reduction, as that will eliminate all doubts.
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180 Day Trend |
150 Day Trend |
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120 Day Trend |
90 Day Trend |
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60 Day Trend |
30 Day Trend |
As we move further into the future, my pipeline of data will get stronger and stronger. The following chart will be very beneficial once we can add the 1-year trend (remember, the 1-year trend removes all variances due to seasonality in the real estate market).
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Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
Well the year is half-way over and we’ll be gathering a whole lot of data over the next three weeks to help us create the mid-year report for the Tallahassee real estate market.
We’ve been playing around with some new technologies and need your help. So, just to make sure this point does not go un-noticed….
Many of our readers have had questions regarding some of our charts, graphs and analysis of the Tallahassee real estate market. In order to make our regular, re-occurring real estate market reports better understood, we are experimenting with video files to explain the real estate market reports.
So, how can you help? Simply watch the following video and then comment below with some feedback.
Please view this video and give us your feedback.
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
This is our fourth consecutive month of offering our free Tallahassee Housing Report. The purpose is to provide useful information about Tallahassee Housing by showing supply and demand across all price ranges in Leon County. This is the most comprehensive report that you will find on supply and demand in Tallahassee because it brings in more sources than just the Tallahassee Board of Realtors Multiple Listing Service (MLS).
So here it is again, the Tallahassee Housing Report. We hope you continue to provide feedback to us on this report so that we can improve it each month. If you have any questions on how to read the report, please comment below. Our goal is to make this a user-guided resource for now and well into the future.
We encourage you to download this report and take some time getting to understand it’s very useful information about supply and demand in the Tallahassee housing market.
Tallahassee Housing Inventory Report - June 2008
Tallahassee Housing Inventory Report - May 2008
Tallahassee Housing Inventory Report - April 2008
Tallahassee Housing Inventory Report - March 2008
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
Finally, the May figures are in for the Tallahassee real estate market. Unfortunately, sales of homes in Tallahassee were down 34.5% in May of 2008 versus May of last year. But some good news does seem to be on the way.
If you regularly check our continuously updated information on Tallahassee real estate, you might have noticed that our 30-day inventory trend has moved to “reducing,” while our 60-day is getting close to zero! This is BIG NEWS! We cannot expect this market to turn until we see inventories begin to fall.
If you would like to see the full Tallahassee Real Estate Market Report, just following the link to 12 new and updated color graphs.
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
Every month I like to take a reading of the inventory movement from the Tallahassee Board of Realtors Multiple Listing Service (MLS). This data source represents roughly 65% of what is happening in the Tallahassee real estate market and surrounding areas. The Tallahassee MLS records information about:
So what does the newest data tell us about inventory movement in the Tallahassee real estate market? Unfortunately, it tells us that we are still seeking the bottom of the market. Inventory levels are rising and sales trends are still falling. Throughout the five-county area, we have finally seen the inventory of housing reach 16 months of supply!
The key to finding the bottom and then turning this market around will be seen in the turn of the sales trend. We have seen prices drop quite a bit, but certain areas of the Tallahassee real estate market have not seen a whole lot of change. Beach properties are having the biggest impact on this graph and I suspect there is more blood that needs to be shed at the beach before we see the investors swoop in and start to scoop them up.
The sign to look for at the beach this summer is rental rates. If we start seeing all of the “flip” properties start to hit the rental market, then rental rates will have to start dropping dramatically. If the flip properties are still being held for sale, then the rental market will be less affected and rental rates will be strong. Once they are converted to rentals, we know the final step before the turn will have been reached.
The inland areas of the Tallahassee real estate market are struggling as well, just not nearly as much as the beach area markets. I will be publishing the Leon County Florida Real Estate Inventory Report within the next ten days and I suspect our inventory levels will be around the 11-month level. While 11 months of supply is no reason to rejoice, it sure beats a day at the beach!
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed. You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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