Average Home Prices In North Florida February 8, 2010

We often receive requests for us to provide graphs and analysis for the counties that surround the Tallahassee real estate market. Due to staff and time constraints, we rarely are able to accommodate these requests.
However, we have set up a process to report statistics on the surrounding counties in North Florida and the following graph [...]

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Average Home Prices In North Florida February 8, 2010

We often receive requests for us to provide graphs and analysis for the counties that surround the Tallahassee real estate market. Due to staff and time constraints, we rarely are able to accommodate these requests.
However, we have set up a process to report statistics on the surrounding counties in North Florida and the following graph [...]

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Home Sales Success Trend February 7, 2010

The long term home sales success trend continues to rise in Tallahassee, meaning it is easier to sell a home today than it was one year ago. Unfortunately, this still translates to less than 1/2 of the market is seeing this success. We must keep an eye on incoming inventory as the short-term trends indicate [...]

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Pending Home Sales Report February 6, 2010

Pending home sales in Tallahassee seem to have broken through the plateau and look to be rising again. This is a graph that I will be watching closely as we move to the spring selling season.

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Daily Home Buyer Activity In Tallahassee February 5, 2010

The 365 Day Trend of daily closed home sales in Tallahassee is really neat to watch. Every single day we get to see a “mini move” in the housing market. Back in August we reported that Tallahassee might have found the bottom of the market. As time goes on it looks like we were right [...]

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We often receive requests for us to provide graphs and analysis for the counties that surround the Tallahassee real estate market. Due to staff and time constraints, we rarely are able to accommodate these requests.

However, we have set up a process to report statistics on the surrounding counties in North Florida and the following graph is our first effort.

All four counties are seeing a continued drop in both home values as well as average home prices. This trend will continue until the glut of homes for sale in Tallahassee and the surrounding areas is consumed.

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Home Sales Success Trend February 7, 2010

February 7, 2010

The long term home sales success trend continues to rise in Tallahassee, meaning it is easier to sell a home today than it was one year ago. Unfortunately, this still translates to less than 1/2 of the market is seeing this success. We must keep an eye on incoming inventory as the short-term trends indicate [...]

Read the full article →

Pending Home Sales Report February 6, 2010

February 6, 2010

Pending home sales in Tallahassee seem to have broken through the plateau and look to be rising again. This is a graph that I will be watching closely as we move to the spring selling season.

Read the full article →

Daily Home Buyer Activity In Tallahassee February 5, 2010

February 5, 2010

The 365 Day Trend of daily closed home sales in Tallahassee is really neat to watch. Every single day we get to see a “mini move” in the housing market. Back in August we reported that Tallahassee might have found the bottom of the market. As time goes on it looks like we were right [...]

Read the full article →

Homes That Failed To Sell In Tallahassee February 4, 2010

February 4, 2010

We are seeing an unexpected but predictable “good move” in the following real estate graph, which measures the “failure rate” of homes that were listed for sale in Tallahassee. This is the measure of the number of homes that departed the market without a successful sale over the past 365 days, divided by the number [...]

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Real Estate Depreciation Report February 3, 2009

February 3, 2010

Recently, we published a blog article on how to measure real estate depreciation. In this article, we pointed out that the only true way to measure real estate depreciation is to take a large enough sampling of recent home sales and compare them with the previous sales of the exact same homes.
This [...]

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Long-Term Trends In Tallahassee Housing February 2, 2010

February 2, 2010

The best news that we get when viewing the long-term trends graph below is that there is no “new” news. The number of new listings each day is down to 15, while the number of listings that fail to sell each day (pulled from the market after having failed to sell during a 6 month [...]

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Housing Inventory Continues To Decline February 1, 2010

February 1, 2010

Great news continues in Tallahassee. Short term home inventory levels continue to decline, even though historically we expect to see a rise this time of year. We had thought that we would see a crossover, from declining to rising, once we hit the last week in January.

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What Homebuyers Want In Tallahassee January 31, 2010

January 31, 2010

You might wonder why we graph so many things here at the Tallahassee Housing Report. We often are asked why we do this, and the answer is simple. The more we graph, the more we “see.” Sometimes, just graphing information teaches us the questions that we should be asking. It’s not always the answers that [...]

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The Upside To Tallahassee Housing Inventory January 30, 2010

January 30, 2010

We have reported the glut of homes for sale in Tallahassee on our web site and in our office for well over two years now. Even as real supplies continue to shrink, relative supply has grown and receded, only to grow again. With a current 12.5 months of supply of homes, is there any good [...]

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