While there has been much written in the newspaper and on the internet about national home sales, coverage of the specifics of home sales in Tallahassee has been varied and sporadic at best. But there is something that every Tallahassee home owner should know.
Home Sales In Tallahassee Are Down
Sure, the number of homes selling in Tallahassee right now is at the lowest measured number in over 17 years. But I am finding an interesting trend beginning to surface.
Homeowners In Tallahassee See Improving Success In Selling Their Home
At the beginning of 2008, I predicted roughly 34% - 38% of the homes listed for sale in Tallahassee would actually sell. It turns out that this prediction was spot-on accurate. Just to clarify for those of you who haven't had your first cup of coffee yet, 1 out of 3 homeowners with a home to sell will succeed in selling their home this year, while 2 out of 3 homeowners with a home on the market will fail to sell their home in 2008. In a word, OUCH! What other industry has set customer service standards at 1 in 3 successful (not necessarily satisfied)?
But check out this graph of home sales versus homes listed in Tallahassee (click to enlarge):
This is a graph of the trend of homes sold versus the homes listed (homes being brought onto the market for sale) in the Tallahassee real estate market. The long-term trend (for now, my longest measured period is 180 days) is at 39% successful, while the short-term trend (30 days) is at 49%. The short-term trend is pulling the long-term trend up!
It Is Not About Percentages, You Can Sell Your Home In Tallahassee
Here is a point I often fail to make when I'm sharing market data with our readers. While 39% of homeowners with a home to sell in Tallahassee are succeeding right now, I can guarantee a home sale to any homeowner who follows our guidance. It is not hard to sell a home in Tallahassee right now. Over 300 homes are being sold each month! You have to wonder what the successful home sellers are doing to sell their home that the 61% who fail to sell are not doing?
It's Real Estate, Not Rocket Science
Sit down and talk to a real estate brokerage company with the experience that only comes through working through numerous market cycles. The ones who are branded and have experienced this before can lead you to success right now.
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Joe Manausa is a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. 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.
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.