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home seller success rates

The rate at which homes are leaving the market, due to the failure of the home owner to sell a home, is dropping. The level once reached 85%, but now is trending to 79%. This “failed to sell” trend is a measurement of the past 365 days worth of homes leaving the market due to [...]

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When we look at the long-term daily home sales trend in Tallahassee, we see what appears to be the bottom of the market in our rear view mirror! Based upon current data, the bottom of the market in terms of unit sales was back on August 17, 2009. Hopefully we won’t ever return back to [...]

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The first sign that we will see an increase in the number of home sales in Tallahassee is when we see the “contracts pending” (meaning homes under contract) increase in the Tallahassee MLS. The following graph is a daily measure of the 365 trend of new pending contracts. It certainly seems as if we might [...]

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