The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of May 13, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
|
|
|
|
Tallahassee Home Inventory Report May 2012
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of May 13, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Tallahassee Home Inventory Report April 2012
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of April 9, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Tallahassee Home Inventory Report March 2012
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of March 10, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Tallahassee Home Inventory Report February 2012
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of February 4, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Tallahassee Home Inventory Report January 2012
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of January 5, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Tallahassee Home Inventory Report December 2011
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of December 4, 2011. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Tallahassee Home Inventory Report November 2011
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of November 3, 2011. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Tallahassee Home Inventory Report October 2011
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of October 4, 2011. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Wakulla County Average Real Estate Price Report
Average real estate prices in Wakulla County, Florida had been dropping for quite some time, but recent trends over the past few months show that the average single family home price in Wakulla County is rebounding near the $140,000 price range. Remember, average prices and average values are two separate measurements, but over time, they [...]
Keep Reading...Gadsden County Average Real Estate Price Report
Average real estate prices in Gadsden County, Florida had been dropping for quite some time, but recent trends over the past two years show that the average single family home price in Gadsden County is bouncing up and down around the $120,000 price range. Remember, average prices and average values are two separate measurements, but [...]
Keep Reading...Jefferson County Average Real Estate Price Report
Average real estate prices in Jefferson County, Florida have been dropping for quite some time, and recent trends indicate that the average single family home price in Jefferson County might be dropping below $100,000. Remember, average prices and average values are two separate measurements, but over time, they tend to move in the same direction. [...]
Keep Reading...Leon County Average Real Estate Prices Stabilizing
Average real estate prices in Leon County have been dropping for quite some time, but recent trends indicate that the rate of decline might be slowing and perhaps even turning. Remember, average prices and average values are two separate measurements, but over time, they tend to move in the same direction. Average single family home [...]
Keep Reading...Shadow Inventory Continues To Expand
Home sellers who are trying to wait for better days are very wise if they have the staying power, but are going to be greatly disappointed if they must sell a home in the next few years. By measuring the trend of home sellers who choose to not re-enter the market, we can get a [...]
Keep Reading...Pending Home Sales Report September 22, 2011
Very recent activity in the Pending Home Sales Index shows signs of positive movement. Remember, when we look at a 365 day trend, it shows the real market activity with seasonality removed (each point on the graph represents one entire year), thus when we observe the market rising, it is not because of the time [...]
Keep Reading...Tallahassee Home Inventory Report September 2011
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of September 4, 2011. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Closed Home Sales Still Near Market Bottom
Tallahassee traditionally sees about 10 closed sales per day, on average, posted in the Tallahassee MLS. Our graph below shows the one-year trend of closed home sales going back to 2002, and it is quite clear we have been well below average for the past four years. Of course, we were well above average for [...]
Keep Reading...Pending Home Sales Report Shows Up-Tick
The pending home sales graph below shows the 365 day trend analysis of new contracts submitted to the Tallahassee MLS. By measuring new contracts, we get a feel for what is coming over the next few months. If you saw the most recent post on closed home sales, then this report will give you an [...]
Keep Reading...Home Sales Success Rate Gaining Strength
One statistic that we have been maintaining at The Market Bulletin is a measurement that we refer to as the “Home Sales Success Rate.” Recently, the one-year trend had dropped from a two-year high, after returning from a low of 30% reached in June of 2009, but appears to be on the rise again. By [...]
Keep Reading...Relative Supply Of Homes Is Falling
The relative supply of homes is lower now than it has been in quite some time, and the real supply of homes continues to decline to levels not seen in the past 5 years. The falling supply of homes has unfortunately been matched by falling demand, creating a situation where the months of supply continues [...]
Keep Reading...A Snapshot Of “Pent-Up Supply?”
One interesting statistic that I track on a daily basis is the number of homes that are failing to sell (AND) not re-entering the market. For our long-time readers who know about the shadow inventory, most real estate reports do not consider recently failed home sellers as part of the shadow inventory (but we know [...]
Keep Reading...Tallahassee Home Inventory Too High
Watch For Trend Changes If you want to know the beginning of the next phase of the housing market recovery, just keep an eye on the relative home supply. You can always track supply levels at The Market Bulletin. The next phase you say….? Absolutely. I believe that the transition from a buyers’ market to [...]
Keep Reading...New Construction Slowing Again In Tallahassee
New home construction in Tallahassee continues to see falling numbers, as single family home permits and sales have posted yet another new 20-year low. New construction has been declining faster than existing home sales, as we can see in the home sales graph. In the graph above, the red bars show the number of new [...]
Keep Reading...Condo Prices See Large Decline
Tallahassee condominium and townhouse prices have finally joined single family detached homes with a dramatic drop in their average prices, according to the newest information recorded at the Leon County Property Appraisers office. The sales of condominiums in downtown Tallahassee, which are relatively new to the Tallahassee market, were bolstering the average sales price of [...]
Keep Reading...Real Estate Supply And Demand Same As August 2010
The relative supply of homes is exactly the same today as it was at this time last year, even though the real supply of homes continues to decline. The falling supply of homes has unfortunately been matched by falling demand, creating a situation where the months of supply continues to be above 12 months. The [...]
Keep Reading...Home Sales Success Rate Graph
One statistic that we have been maintaining at The Market Bulletin is a measurement that we refer to as the “Sales Success Rate.” Recently, the one-year trend has dropped from a two-year high, after returning from a low of 30% reached in June of 2009. By dividing the total number of closed sales by the [...]
Keep Reading...Pending Home Sales Bumping Along
The pending home sales graph below shows the 365 day trend analysis of new contracts submitted to the Tallahassee MLS. By measuring new contracts, we get a feel for what is coming over the next few months. If you saw the most recent post on closed home sales, then this report will give you an [...]
Keep Reading...Tallahassee Home Sales Still Near Market Bottom
The number of home selling in Tallahassee is very close to reaching the same as market bottom level that was found in August 2009. The real estate graph below shows the 365 day trend of closed home sales in the Tallahassee MLS is approaching just 6 per day. We use the 365 trend in order [...]
Keep Reading...Tallahassee Home Inventory Report August 2011
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of August 3, 2011. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale [...]
Keep Reading...Home Sales Success Rate Stable At 42%
It is time again to review a statistic that we have been maintaining at the Tallahassee Real Estate Blog for quite some time, and it is the measurement that we refer to as the “Home Sales Success Rate.” It is simply a measurement of the homes that leave the market either as successful home sales, [...]
Keep Reading...Slight Improvement In Pending Home Sales Report
There is good news from the recent Pending Home Sales Report released by the National Association of REALTORS, showing an increase in the number of new contracts across the US. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 2.4 percent to 90.9 in June from 88.8 in May and is [...]
Keep Reading...The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of May 13, 2012. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale (measured in “months of supply”).
Tallahassee Real Estate Supply And Demand
Real Estate Supply And Demand In Tallahassee Florida
Currently, there are more than 11 months of supply of homes on the market in Tallahassee, but the relative supply grew last month, something that normally occurs this time of year when sellers re-emerge from the holiday season and enter/re-enter the market. High levels of relative home supply will continue to put pressure on home prices until we see market inventories stabilize at the 6 months of supply level.
If you would like to receive a free monthly market update, just subscribe to the Tallahassee Real Estate Newsletter and it will be delivered to your email inbox each month.
* Residential Properties including single family detached homes, condos, and townhouses
** Source: Tallahassee Board of REALTORS® Multiple Listing Service (Tallahassee MLS)
*** Download a copy of this in .pdf format: Tallahassee Home Inventory Report May 2012
{ 0 comments }
