I decided to take a closer look at our daily real estate inventory analysis to see if I could find a trend that would make us smile a little in the Tallahassee real estate market, and I think I’ve found one that will excite even the loudest bear in the market. Read the rest of this entry
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Too often, we work with people who want to buy a home in Tallahassee who do not understand the importance of being a strong buyer. They believe that due to the nature of the market, they have thousands of homes from which to choose so they can just go out and “shop.” Read the rest of this entry
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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.
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Today’s blog is going to be an update on the inventory of homes in the Tallahassee real estate market. I want to remind the readers that this information can be found, updated twice per week, on our Tallahassee Real Estate Web site at http://www.manausa.com/market.php. Read the rest of this entry
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As I get ready to make my annual trip to West Point, I find myself checking the Tallahassee Board of Realtors Multiple Listing Service (MLS) to find out what is for sale in the Tallahassee real estate market. Read the rest of this entry
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I was recently contacted by Kathy Fredericks, the publisher of many fine Home Owner Association newsletters in the Tallahassee real estate market. Kathy was hoping I could generate some “quick” content relevant to SummerBrooke and Ox Bottom Manor on the Northeast side of Tallahassee. I think this post will be pretty quick, but you will have to be the judge on relevancy… Read the rest of this entry
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We do a lot of work in the relocation industry (corporate moves and affinity relationships) and recently we were sent a request for information that I felt would make a great basis for a real estate blog for Tallahassee housing. Read the rest of this entry
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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.
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You might want to check out our Tallahassee Real Estate Inventory Update again. Every thirty days, I add another long-term trend chart with the goal of eventually having a 365-day trend chart. As you can tell, we just added the 120-day trend graph. Our goal is to monitor as many trends in real estate as possible.
With the feedback that I have received on our market update, I think it might be wise to discuss why we publish real estate trend analysis, rather than just charting the daily ups and downs of the market as do many other real estate web sites.
Actual inventory trend analysis helps us to understand the overall movement of our residential inventory over a period of time. Of all the trends in real estate that we study, inventory trends are the most important. The longer the period of time that we study, the less that “noise” affects our view.
So what is “noise” in our analysis of inventory in the Tallahassee market?
The best trend analysis that we can produce is the one-year trend. By constantly looking back 365 days, the analysis will be able to remove all random noise and give the reader the best view of the inventory flow in the real estate market.
And why is this so important? Because supply and demand economics will guide as to the direction of price movement. As a general rule, if supply is dropping, prices will begin to rise (unless something major has happened to demand). The contrary is true as well, as we are currently experiencing in Tallahassee real estate market. Our supply is increasing, and therefore we are seeing prices drop. The study of the supply trend will allow us to know when we should be able to see prices (and thus the market) turn back to appreciation.
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.
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Readers asked for it, and Century 21 First Realty is delivering the goods. I have received numerous requests to give reports on the surrounding counties that are included in the Tallahassee real estate market.
Lot prices in the four-county area of the Tallahassee real estate market have risen quite a bit. The blue line (Jefferson County) is off the chart due to a very expensive land deal in January of 2008. The trend line for Jefferson County will normalize once January 2009 is posted.
Jefferson County seems to have the least amount of activity going on in the Tallahassee real estate market. The following chart shows the average price trend of Jefferson County homes, lots, condos, townhouses and mobile homes.
Gadsden County seems to have slowed down with the rest of the Tallahassee real estate market. The following chart shows the average price trend of Gadsden County homes, lots, condos, townhouses and mobile homes.
Leon County has been reported about heavily in this blog. I just enclosed a graph for comparative purposes.
Wakulla County has slowed down as well. The following chart shows the average price trend of Wakulla County homes, lots, condos, townhouses and mobile homes.
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.
If you'd like to forward this post to someone you think might be interested, simply click on the "Share This" link and click "E-mail."
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