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Supply And Demand

Summerbrooke Home Sales Fighting To Recover

March 10, 2010

Summerbrooke home sales are “fighting the fight” that we are seeing in most Tallahassee neighborhoods. Home prices are still dropping in Summerbrooke, but monthly sales are on the rise, which is a major step in moving the market towards a balance between supply and demand.

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Wait Until Next Year If You Are A Homeseller?

February 24, 2010

“We are going to have to wait until next year to sell our house,” is perhaps the concern that I am hearing most from upside-down homeowners, or those who have lost much of the equity in their homes. Perhaps they hope to rent the house out to a tenant for the next year or so, and then put the home on the market when it will sell for the values found back in 2006.

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Do You Really Need A REALTOR®?

February 23, 2010

Do you really need A REALTOR®? If you have a home to sell, it sure seems like a good idea to figure out how to save as much money as possible since home values are not where they once were. If you could sell your home without a REALTOR®, wouldn’t you be adding a whole [...]

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Southwood Home Values Still Tumbling

February 19, 2010

Southwood is one of the most active neighborhoods in Tallahassee, thus we are often asked to provide updates on Southwood home sales and values. For those readers who have followed the Tallahassee Real Estate Blog for any period of time, this report will not be surprising.
Home values continue to fall in Southwood, though unit sales [...]

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North Florida Home Sales Continue To Struggle

February 8, 2010

It has been quite some time since I published reports on home sales in the counties that surround the Tallahassee Real Estate Market. Because of time constraints, I usually get to this information on a quarterly basis, but it doesn’t hurt when I get several requests asking for an update.
Reminder: You do not have to [...]

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REALTOR® MLS Systems Fraught With Errors

February 4, 2010

Every month around this time, I am itching to discover the changes in supply and demand in the Tallahassee MLS so that I can anticipate market price movements. What I am hoping to find is an increase in home sales versus the same month in the prior year, and an overall reduction in the inventory [...]

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Understanding Contradictory Housing Reports

February 2, 2010

How often do we see reports about the housing market that seem to show that things are improving, only to find another report that seems to completely contradict the first? And how about when two reports “hit the headlines” at the same time, and seem to be covering the exact same issue, yet conclude with [...]

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Tallahassee Housing Report: Stark Contrast To REALTOR® Report

January 26, 2010

The 25th of each month is the day when we get to see the latest existing-home sales report that is published by the National Association of REALTORS®, so it is a day marked on my calendar for monthly action.
I always look forward to both reading the report as well as reading and hearing the interpretation [...]

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The Real Estate Double Dip

January 8, 2010

Yesterday, I was very fortunate to attend a nice afternoon round-table with the top real estate agents in Tallahassee. We spoke of the many changes that we are seeing in the Tallahassee real estate market, and many interesting views were shared.
Invariably, the conversation kept returning to the subject of real estate market conditions and the [...]

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Defining Market Bottom In Real Estate

December 15, 2009

I received a great question from an active reader in the blog yesterday that made me realize that two definitions of the real estate market bottom are lurking around out there and that I need to provide better clarification about “which real estate market bottom” that I am referring to when I comment about the [...]

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