Tallahassee Home Inventory Trend Continues To Fall

Posted by Joe Manausa on Tuesday, November 4th, 2008 at 10:08am.

As I have often written in the past, the inventory of homes for sale will be the first clue as to where the market is heading. For this reason, we track a myriad of trends in the Tallahassee housing market, but keep a keen eye on the short-term trends in home inventories. The Tallahassee Real Estate Blog is dedicated to providing accurate market insight on a daily basis.

The thirty day Inventory Trend shows us that we are losing more than three homes per day, on average, over the past thirty days in Tallahassee. From the real estate graph on the following page, we can see that the short-term trend for home inventory in Tallahassee has been dropping since the beginning of June.

Graph of Tallahassee Home Inventory

The long term trend (one year or more) is not available yet, as we only began our measurement and recording of this Tallahassee housing information in March of 2008. Once we have that information, we will be able to remove all issues of seasonality in our real estate data.

The closest we can get to a long-term trend right now is our 180 day report. As you can see from the graph below, it also shows inventory dropping. On average, four homes per day are going off the market in Tallahassee.

Tallahassee Housing Trends Graph

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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.
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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.

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