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I’m using this weekend to catch up on a lot of the market data that we have been collecting. As the summer selling season winds to an end and the fall season begins, I wonder how the inventory in the Tallahassee real estate market is going to be affected. If I am to believe that these short term trend graphs will continue to the long-term trend graphs, then we are viewing evidence of the market turn!
In my opinion, inventory movement is the most important measurement of the strength of a real estate market. If homes are moving, then prices are going to be stable. If housing inventories are stacking up, then we are going to see pricing preasure.
Based on this belief, we track the inventory in the Tallahassee real estate market almost daily. For current reports, you should bookmark http://www.manausa.com/markets.php, as we update it at least twice per week with new Tallahassee housing inventory reports.
I am hoping that the current inventory reports are showing us the first signs of the market turning in Tallahassee. From past posts, you may have noticed that the short-term trends are all showing inventory reduction, and we are seeing the medium-term trends move towards inventory reduction. While none of these reports contain a long enough term to declare the market turned, the signs are exciting.
- Click To Enlarge Tallahassee Inventory Graph
As we can see in the graphic above, the short-term trend in Tallahassee is showing we are reducing housing inventory by 7 homes per day for the past 30 days, or 3 homes a day for the past 90 day. The 180 day trend, while still showing growth, has been dropping to where now we are only showing growth of 1/4th of a home per day! Keep watching this graph over the next few weeks and I suspect we’ll see the 180 day trend move to inventory reduction.
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can 
Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. 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)Â 386-2001.
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{ 6 comments… read them below or add one }
Great article Joe. Thanks! Here in South-Central Florida, we are also seeing a recovering market! Best, Mark Palace
I enjoy following your blog! The Bend Oregon real estate market continues to slow. It looks like a good time to buy in your market.
It was great info.
Thank you so much.
Joe,
Its the first time I am here, being located too far away, I did not knew good blogs on Real Estate still exist. But I am quite very much sure now. Your post is wonderful, and I guess, property or Real Estate prices are not being decreased only in your Real Estate market, as well as this is the case in the whole world, for instance, we here in Real Estate Islamabad and Real Estate Pakistan, have-had seen a big boom, due to the over sea’s Pakistani’s have invested a lot, as well as the foreign investors from the Real Estate Europe, and Real Estate Asian market,
But now:
Things seem to be moving slow, and less investments have been seen in last 3 months specifically in our market i.e. The Real Estate Islamabad,
Anyway, Your blog is very informative, and I will keep on particepating in here.
Yours,
Ali
Thanks for the great information. I have been looking at Florida property for a couple months now and trying to research the area. It is good to see some facts behind the “talk” of the market getting better. Thanks!!
Hi,
It was a nice article. I found it very informative. You are doing some good work to organize and analyze this data to predict the market trend for the next season. I think this will help the viewers to set up their minds for the relative changes.