Today's blog is a brief update on Tallahassee housing inventories, but also a reminder that we have an excellent resource page for Tallahassee real estate information at http://www.manausa.com/market.php. This is your gateway to tons of charts, graphs, and analysis of the Tallahassee real estate market.
We have some great analytics being developed on this site and if used as a resource, should provide for adequate and ample warning for future market shifts. The key is to routinely study the trends occurring in the real estate market and question every unusual or drastic movement.
Home Inventory Levels Falling In Tallahassee
The good news is that we are still seeing home inventory levels drop in Tallahassee. This next graph shows that our 30-day trend (average number of homes each day leaving the Tallahassee real estate market over the past 30 days) and our 270-day trend (average number of homes each day leaving the Tallahassee real estate market over the past 270 days) are both multiple homes per day.
Seasonality Is Evident In Tallahassee Real Estate Market
Even though we are in the slowest housing market that I have seen in 17 years, it appears that we are still seeing the typical affects of seasonality in the Tallahassee housing market. It has been my experience that the slowest months of the year for new contracts is November and December (resulting in the slowest months for closed sales falling in January and February). This next chart shows that activity in the Tallahassee Board of Realtors Mulitple Listing Service (MLS) appears to be slowing.
More Tallahassee Real Estate Charts, Graphs, And Analysis
Whether you are seeking a great chart of home inventory levels in Leon County or a graph of Tallahassee Lot Sales, you can go to just one place. With over 20 regularly updated graphs and market analysis, http://www.manausa.com/market.php is the one-stop shop for Tallahassee real estate information. Stop by any time.
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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.