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The most obvious way to predict future home sales would be to take a look at the list of homes that are under contract and waiting for closing. These are what we refer to as “Pending Home Sales” and we can track them on a daily basis in the Tallahassee MLS. The real estate graph below shows that the number of pending home sales is climbing up from the bottom found in mid July. It is exciting to see this growth after years of steady declines.
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Winter will be departing soon and the seasonal changes that are approaching always stimulate the Tallahassee housing market. If you need to sell your home, you have a great chance now, so don’t blow it!
For you to realize success in selling a home, you have to be knowledgeable on how to determine the home value [...]
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As we continue to get settled in on the new Tallahassee Real Estate Web Site, we hope to establish some great reporting patterns for our different readers to key in on. One big goal is to tackle a reporting schedule for all of the different housing reports that we maintain.
If you haven’t checked out what [...]
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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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If you are curious about what is happening and what is going to happen to home values in the Tallahassee real estate market, I suggest you start your study with a close look at the inventory of homes for sale in Tallahassee (and its surrounding counties). A study of home inventories (and more importantly the [...]
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As I have often written in the past, the inventory of homes for sale will be the first clue as to where the market is heading. For this reason, we track a myriad of trends in the Tallahassee housing market, but keep a keen eye on the short-term trends in home inventories. The Tallahassee Real [...]
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The Tallahassee Real Estate Blog has focused heavily on facts and trend analysis rather than purely experience and opinion due to the extreme nature of the current trends in the real estate market.
It seems that extreme market cycles create an environment for impulsive optimism or excessive pessimism. In 1996, Alan Greenspan (Chairman of the Federal [...]
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For any type of market, there are times during the year or times during the month that market speeds up and other times in which the market slows down. We refer to this as seasonality. In the real estate market, seasonality occurs on a semi-annual basis, with the months of March through August being the [...]
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Today’s blog is going to be an update on the inventory of homes in the Tallahassee real estate market. I want to remind the readers that this information can be found, updated twice per week, on our Tallahassee Real Estate Web site at http://www.manausa.com/market.php.
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