March Averages Report

Tallahassee New Construction Permits and Sales

I like tracking the trend of new permits issued versus new homes sold in the Tallahassee real estate market. This lets us know whether builders are adding to the inventory or if consumers are depleting the inventory. In the chart below, the red line is new permits while the green line is new sales. After reducing inventory for well over a year, the permits are outpacing sales again. This is a normal cycle movement but bears close monitoring.



Return to the Tallahassee Real Estate Market Report - March 2008