The month of January saw a continuation of the slower sales for homes in the Tallahassee real estate market. Unit sales were very low even for January, with sales plummeting 46% compared to last January and Tallahassee registering our 31st straight year-over-year drop (January 2009 vs. January 2008).
January is usually a very slow month for home sales in Tallahassee, as the holiday season in November and December keeps many away from buying (contracting to purchase) homes. Unfortunately, we might have seen a record this year. Nor were new contracts as robust as we were hoping, leading me to expect that February will also be a tough month for the Tallahassee housing market.
In order to give the reader perspective in "how much the market has dropped," consider that we saw 293 home sales close in January compared to 636 homes sales closed in January of 2005. That is a drop of 54% in four years!
Tallahassee Real Estate Market Reports
Joe Manausa Real Estate publishes reports each month with data provided by Metro Market Trends. The data is far more encompassing than the data from the Tallahassee Board of Realtors Multiple Listing Service (MLS), which usually only reflects 50-70% of the Tallahassee real estate market activity.
Below are 16 different graphs which you can see in a larger format by clicking the link below them, which will demonstrate different aspects of Tallahassee real estate activity during the month of January. Additionally, we have provided a brief analysis of each real estate market graph in the larger format link. You can subscribe to our real estate newsletter (see box on right) for a detailed explanation of each of these real estate graphs in the next edition of the newsletter.
|Tallahassee Average Prices||Average Home Prices||Single Family Detached|
|Condo / Townhouses||Home Sales By Type||Tallahassee Lot Sales|
|Condo / Townhouse Trends||New Condo / Townhouse||Mobile Home Sales|
|Tallahassee MLS Trends||New Construction Trends||Permit and Sales Trends|
|Home Inventory Trends||Market Sales Success||SFD Home Sales|
|Wakulla County Real Estate||Gadsden County Real Estate||Jefferson County Real Estate|
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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.