Quite a bit has occurred in the past ten days. I pulled a few all-nighters this past weekend to change the way our real estate graphs will display, showing information going back as far as 1991 now in most of our displays.
Simultaneously, it appears our site got so bugged-up that we had to rebuild it. A few past blog articles were lost and all of them seem to have a new url (the address that people have to visit to view each specific article). With all this going on, I have been trying to get things "back to normal" and start to get our reporting on schedule.
Today, I'll show you a glimpse of the new real estate graphs which unfortunately show some startling news that won't sit well with you if you have a home to sell in Tallahassee.
Tallahassee Home Sales Off To Worst Year On Record
For those of you who try to make a living in the real estate industry, you know last year was the worst year on record in the Tallahassee housing market. This next graph shows you we should have known how good we had it last year....
As you can see, our data includes January and February housing information from 1991 through 2009. The red bar is the number of new home sales while the blue is the existing home sales. Prior to 2008, the record low was just over 500 homes sold in these two months, but this year we are below 300. Ouch!
The message one should take from this graph is that buyers are standing on the sidelines right now. The economy has them scared and the housing market has them baffled. If you have to sell a home in Tallahassee, you absolutely have to expose it correctly to this constrained buyer pool and you better not miss the opportunity to impress them when you do.
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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.