Today is the big day that has loomed over my head for several weeks since I announced we would get our Tallahassee Real Estate Newsletter launched today. Well, it has been launched! Today's inaugural edition is 8 pages long and has a very detailed analysis of the current state of the Tallahassee Housing Market.
Every month, we publish the Tallahassee Home Inventory Report which breaks Leon County into four quadrants and reports the "months of supply" of homes in each quadrant, by price range. The report actually has some good news this time!
Tallahassee Housing Market Sees Inventory Decline
For the first time in a very long time, the Tallahassee real estate market was delivered some good news as we saw a decline in the months of supply across every price range (except homes priced under $75K). The real estate chart to the left shows months of supply dropping (red in parenthesis) throughout Leon County!
Unfortunately, this is just a view of the month over month changes and most likely are due to the annual canceling of listings that occur due to the holidays and end of year celebrations. I will be very interested in seeing how February looks compared to January, as it is common for many of those canceled listings to be re-listed during the first couple of months of the new year.
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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.