July 2008 MLS Trends

Tallahassee Real Estate Market Trends

While most of the information that is delivered via this site includes much more market data than what can be found in the Tallahassee MLS, I still find it interesting to track supply and demand in the Tallahassee real estate market. Unfortunately, with sales dropping to an all-time low, our inventory levels are approaching 17 months supply across all of the counties (Leon County is at 9.6 months supply). I find this chart to be very important in explaining market movement. The key lines to be concerned with are the red and purple ones. The purple one represents the rising "months of supply" while the red represents rising gross supply.



Return to Tallahassee Real Estate Market Reports for July 2008