As any of our long-term readers know, we update our Tallahassee Market Bulletin page about twice per week, showing the inventory movement in the Tallahassee real estate market. We have been looking closely at the 180 day trend on inventory flows to hopefully see it drop below the "zero" line and thus show that inventory is being reduced in Tallahassee. Well take a look at this...
Housing Inventory In Tallahassee (180 Day Trend)
All of our trend lines indicate a reduction of inventory. As we have discussed here in the past, WE WILL NOT SEE THE MARKET TURN until we see inventory being reduced. While this graph is a great sign, we have a long way to go. What we really are seeking is the one-year trend of inventory reduction. Unfortunately, we only began measuring this data this year and it will take many more months to be able to confirm or refute a one year trend of inventory reduction.
July Real Estate Market Report Is Posted
Every month, we provide a detailed look at the happenings in the Tallahassee real estate market. The July report has been posted and can be viewed on the Tallahassee Real Estate Reports page on our web site. I encourage you to take some time to really understand the information provided. As always, there is an instructional video that will decipher each graph as well.
This month, we have added a report for our readers who are interested in the markets that surround Tallahassee, Florida. This report shows the average price of homes in Leon County, Gadsden County, Wakulla County and Jefferson County.
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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.