Posts tagged as:
New home permits and sales levels are at historic lows in Tallahassee. It is imperative that we monitor the production of new housing units, as the glut of homes needs to be consumed and new homes being built only lengthens the recovery time in the market and puts pressure on pricing. I was recently sent [...]
{ 3 comments }
When we look at residential sales trends in Tallahassee, the signs are VERY CLEAR in how 2010 is going to proceed for home sellers. There are parts of real estate cycles that can be confusing, but there are also segments of the real estate cycle that is very clear and easy to forecast. This is [...]
{ 3 comments }
Housing consumption must continue for the time being, forcing home builders to the sidelines until the over-supply is corrected. Historically, you could always tell when Tallahassee was due to see a change in direction from local home builders. We watch as cycles develop in the new construction industry, and these cycles allow us to forecast [...]
{ 1 comment }
Four of the last five months have been “gainers” for year over year home sales in the Tallahassee housing market. After suffering through 39 consecutive months of losers, it sure is nice to be on a roll again. The Year Over Year Home Sales Report is a valuable one, as it measures market movement by comparing a current month (in this case February of 2010) with its corresponding period in the year prior (February 2009). This removes all seasonal effects that often times are responsible for what appears to be market movement.
{ 0 comments }
Most of what we’ve read (and most of what I’ve written) about the Tallahassee housing market over the past three years has not been very positive. Sure, we’ve seen signs of recovery, but since when is a recovery good news? I think people who own homes (and those who are considering owning homes) in Tallahassee have enough historical evidence to be positive about the long-term benefits of owning real estate in Tallahassee.
{ 0 comments }
Home sellers are finding more success today than they have for the past two years. By tracking the total number of home sales in Tallahassee, and dividing them by the total number of listings during the same period of time, we are able to track a measurement that we refer to as the “Home Sales Success Rate.”
{ 0 comments }
An important trend that we monitor at the Tallahassee Real Estate Blog is the percentage of homes for sale that “fail to sell.” This would include all home listings that expired, canceled, or withdrew from the market without a successful home sale. The movement of this trend gives us an idea of whether it is getting easier or harder to sell a home in Tallahassee.
{ 4 comments }
We are finally starting to see some volatility in the housing market when looking at condominiums and townhouse construction. The average price of a newly built condo and townhouse has dropped over $100,000, but the monthly unit sales have doubled. I believe the trend in prices is due to a slow-down of condo sales in downtown Tallahassee, while the increase in sales has been heavily influenced by the home buyer tax credit.
{ 0 comments }
Tallahassee mobile homes have decreased in both price and unit sales, just like the rest of the housing market. I believe it is important to keep a vigilant eye on this entry level of the housing market, as tough economies and elevated land prices make mobile homes a viable housing solution for many people around the country.
{ 0 comments }
2007-2010 Joe Manausa - I use Scribe to obtain top search results and the insanely awesome Thesis Theme In Wordpress for better blogging and better SEO
Tallahassee Real Estate Market Report is Digg proof thanks to caching by WP Super Cache
