The data for December has just arrived this morning, so I will be assembling all of the Tallahassee real estate market reports for the end of 2008. It is a lot of work, but it helps me to understand exactly what is going on in our housing market and the analysis provides us some insight as to what to expect from the market in 2009.
December was down again, compared to December of 2007, but that was already expected as we have explained in previous blog posts on the Tallahassee Real Estate Blog. So, if December was down (again), what are the reasons that lead us to believe we'll see improvement in the Tallahassee real estate market in 2009?
30 Reasons For Improvement In Tallahassee Real Estate
While I'm not expecting 2009 to be a particularly good year in the Tallahassee housing market (I predict it will be similar to last year), I do expect that we will see some year-over-year improvements this year. Why? Well, take a look at this!
The real estate graph above shows 30 (Thirty!) consecutive months of worsening performance in Tallahassee home sales. I am willing to bet we cannot possibly go another year this way. Even if we have a relatively poor year, some months this year will produce more unit sales than the same month of 2008! I guarantee it or your money back for this blog!
So, what you think? Which month will be the first to break the trend?
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.