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Something positive occurred in the Tallahassee real estate market during the month of October. It was long awaited, yet one month prior to my prediction made earlier this year, so I am very excited to report REAL PROOF of a housing market improvement in Tallahassee.
We finally put a halt to a run of year over [...]
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The newest home sales numbers are showing that Southwood is finally showing signs of stabilization, mostly in the number of homes sold though average home price drops seem to have slowed as well If you are a regular reader of the Tallahassee Real Estate Blog, then you know that we have reported on the Southwood [...]
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Average home prices in Ox Bottom Manor have dropped 21% from the highs set in August of 2006, whereas Summerbrooke prices have only dropped 11% from the highs set in May 2007.
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One community that has seen the most home sales (due to growth) over the past few years is Tallahassee’s Southwood. During the peak of the market, Southwood was averaging 34 homes sold each month, and now it has seen that number decline to less than 10 homes sold in Southwood each month.
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We have dedicated quite a bit of discussion in the Tallahassee Real Estate Blog about housing inventory. The first major move that we have to see in order to declare that the turn has arrived in the Tallahassee real estate market is a long-term trend in inventory reduction. Thus far, we have seen our short [...]
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I had a request from a long-time reader yesterday that I felt would make a great follow-up article to the one that we did a few days ago on Southwood in Tallahassee. For those of you who saw the headline and were hoping for a “Running of the Bulls – Southern Style!,” then I am [...]
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Several months ago, I wrote a blog about the Southwood Subdivision in Tallahassee. Back then, I reported that home prices were dropping and heading towards the “pre boom” levels that we saw in 2005. I thought it might be interesting to see a quick update on what is happening in Southwood three months later.
The first [...]
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