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 allow us to view the effects of real estate seasonality before and as it occurs.
But this year, we have yet to see this begin. The red area in the graph represents all of the homes coming on to the market, the green area represents the homes leaving the market (either successfully sold or failed to sell), and the yellow is the difference between the two.
When the yellow area is below zero (below the line), the inventory of homes for sale in Tallahassee is decreasing; when the yellow area is above the line, the inventory is growing. The graph shows that our market trend has been towards “reduction” for much of the past two years.
Points A & B represent normal times of growth, yet Point C has not yet moved in the normal seasonal direction. This is good news for a market that still has a glut of inventory and hopefully we won’t see the rush of homes flooding the market and we can continue reducing the current inventory of homes for sale in Tallahassee.
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