The final Tallahassee Residential Real Estate Inventory Report for 2008 has been published and can be downloaded, as usual, from the Joe Manausa Real Estate Web Site. This great monthly housing report allows one to see the current months of supply of homes by price range in the Tallahassee real estate market.
The report will show that total residential inventory continues to drop in the Tallahassee real estate market, but unfortunately, the number of home sales in Tallahassee is also dropping, leaving the relative inventory almost unchanged when measured in terms of "Months of Supply of Homes."
Tracking The Number Of Homes For Sale In Tallahassee
As the Tallahassee Real Estate Blog continues to track more and more information, readers have requested/recommended differing views of the data. One such recommendation recently came from Andrew who requested we start showing the number of homes for sale in Tallahassee by price range in a real estate graph. So Andrew, here is the first one ....
Since the data for this graph is only three months old, we won't be able to draw much of a trending conclusion from the graph. But we can see how each price range is doing!
Months Of Supply Of Homes In Tallahassee Too High
Every month when we produce this report, we acknowledge that supply is still too high. This month is no different. The next real estate graph shows the months of supply of homes in Tallahassee, by price range. Notice that the base of the vertical axis starts with 8 months of supply! This means that the bottom of the graph still portrays a Buyers' Market!
We will continue to track the inventory of homes for sale in Tallahassee here at the Tallahassee Real Estate Blog. Please feel free to download the monthly home inventory report as often as you would like.
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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.