Tallahassee Real Estate Market Update
The preliminary numbers are in for the Tallahassee Real Estate Market from January and the first thing that I like to check (lately) is the inventory trend chart. This chart tells us, based on the previous twelve months of information, whether the inventory in the MLS is thinning or growing.
You can see from the chart below that the overall Tallahassee Real Estate Market Area inventory (all counties in our area) has been on a reduction trend since it reached an all-time high of 5000 residential units in April, 2007.
We have to keep a close eye on the latest "up tick" that started in January. Hopefully it is just a hick-up along the way.
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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.