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I was asked by a local Realtor, Penny Herman, to help her prepare some market views for an upcoming interview on Fox Business News, a national broadcast which will occur on July 8th at 4:00 p.m. I’ve known Penny for years, and I can tell you she really hustles and she is a great role [...]
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We have had quite a bit of response to yesterday’s blog on absorption rates in the Tallahassee real estate market. Apparently, many people who read this blog want to see how Leon County (specifically) is doing versus the entire Tallahassee Board of Realtors Multiple Listing Service (MLS). I did a download from the Tallahassee [...]
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A key ingredient in determining the value of a home in the Tallahassee real estate market, or any real estate market for that matter, is understanding absorption rate and how it is measured. We define an absorption rate as an estimate of the rate at which homes will be sold each year. This is [...]
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