Home Inventory Levels Rising

Posted by Joe Manausa on Tuesday, March 16th, 2010 at 8:22am.

Higher home inventory levels are reported as homes coming on the market outpaced homes leaving the market by a whopping 313 homes, a 14% increase in just two months
In case you weren't keeping an eye on the Market Reports page of the Tallahassee Real Estate Web Site, the new Tallahassee Home Inventory Report has been posted. This is a section of the web site dedicated to reporting "the numbers" as they occur. You might want to check out many of the daily reports that get posted there.

As far as the numbers go, we have been observing higher home inventory levels. Since January, homes coming onto the market outpaced homes leaving the market by a whopping 313 homes, a 14% increase in just two months. While many homeowners annually choose this time of year to enter the market to sell their home, this year it coincides with a recovery that was starting to gain some momentum.

Real Estate Graph Of Relative Home Supply

The red line in the real estate graph above shows that the inventory of single family homes, condominiums and townhouses has taken a large jump higher. The green line above shows that home sales were typical for a January and February. The blue bars measure relative supply, which need to fall back down to and below the orange line for the market to be considered in balance.

More About Tallahassee Real Estate

Do you want to know more about the Tallahassee real estate market? It is not as hard as you might think keeping up with the movements in the housing market, you just have to know where to look. The following are some of the best resources that you can find on Tallahassee real estate:

Joe Manausa, MBA is a 26 year veteran of real estate brokerage in Tallahassee, Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.

1 Response to "Home Inventory Levels Rising"

willy wrote: Willy back. . .

The town home we thought of was in Barington Park. Please see my last email in which we patient wait response.

1. We also don't know to much about barington and are worried that we;ll never be able to sell in 5 or 6 years. Can you address in your response about barrington or just email me. Thanks Joe

Posted on Thursday, March 18th, 2010 at 3:13am.

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