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Observing pending home sales is the most obvious way to predict future home sales. This list of homes that are under contract and waiting for closing can be tracked on a daily basis in the Tallahassee MLS, and thus are an easy and quick litmus test for the direction of the housing market. The real [...]
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After seeing the short-term housing inventory move from consumption to growth yesterday, I figured a quick look at the long-term housing inventory trends was in order. Fortunately, the number of new listings and new failures continues to fall, while the number of new pending home sales and new closed home sales continues to rise. The [...]
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Well, the seasonal housing inventory growth that we have been anticipating finally hit, and now the 30 day inventory trend is showing growth. This means there are more homes for sale in Tallahassee today than there were 30 days ago. Bookmark on Delicious Digg this post Recommend on Facebook Buzz it up Share on Linkedin [...]
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The long term trends in the following real estate graph are moving in a direction that is positive for the Tallahassee housing market. Daily new listings in Tallahassee are dropping, Daily new home failures (homes that failed to sell) are dropping, new pending home sales are rising/stable, and daily new home sales are on the [...]
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It is the time of year that we normally start to see more homes for sale in Tallahassee. The holiday season has concluded and people set their sites on getting their home sold and moving before or during the summer. The real estate graph below shows us the short-term inventory trends in Tallahassee, which will [...]
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