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Tallahassee homes

Home Inventory Levels Rising

March 16, 2010

In case you weren’t keeping an eye on the Market Reports page of the Tallahassee Real Estate Web Site, the new Tallahassee Home Inventory Report has been posted. This is a section of the web site dedicated to reporting “the numbers” as they occur. You might want to check out many of the daily reports that get posted there.

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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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Home Affordability In Tallahassee

December 9, 2009

I received a question from a reader “Jim” in Nashville, TN who asked”

Joe-
Looks like buyers in your area have a lot to choose from. What about affordability? How many of these listings fall into the sweet-spot of homes that are actually selling?

This is such a clear and simple question that I figured a few graphs [...]

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Killearn Lakes Unit 4 Home Sales Report

November 20, 2009

If you have been following the Tallahassee Real Estate Blog over the past few weeks, you know that we have sporadically reviewed some neighborhoods in Tallahassee, and lately have done the first three units in Killearn Lakes Plantation. Today we’ll take a final look at Killearn Lakes, with a review of its 4th unit of [...]

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Killearn Lakes (Unit 2) Homes Sales Down 72%

November 11, 2009

Existing home sales in Killearn Lakes (Unit 2) have dropped 72% from the peak of the market. With home prices historically running about 15% below the average home price in Tallahassee, Unit 2 of Killearn Lakes has been a very popular destination for Tallahassee homebuyers.
So why have existing home sales declined in Unit 2 of [...]

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Relative Housing Inventory Drops In Tallahassee

August 5, 2009

This month we find some good news in both relative and absolute supplies, with both levels dropping for the first time in seven months! Relative supply dropped to 14.6 months of supply, the lowest level since March of this year. Absolute supply dropped to 2,536 homes, the lowest level recorded on our graph below.

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Home Inventory Levels Still High In Tallahassee

June 8, 2009

The inventory of homes for sale in Tallahassee has been continually dropping for quite some time. Unfortunately, the rate at which people are buying homes in Tallahassee has been dropping too. As a matter of fact, the rate at which homes are selling is dropping faster than the supply, meaning that we are still seeing growth in relative home inventory.

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Feedback On Your Real Estate Transaction

May 4, 2009

Today we are fortunate to have a “guest” who is currently working on his Ph.D. at Florida State University. Tim Munyon is doing research on the relationship between real estate clients and their agent during a real estate transaction. You might have noticed the “survey” button on our sidebar, which takes you to Tim’s survey.
Here [...]

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Understanding Your Real Estate Window Of Opportunity

December 5, 2008

Too often, people fail to use all of the information at their disposal when making a home-selling decision. Talk to any real estate professional who has visited with a potential home seller in the past few weeks and they will tell you that we are still hearing people say “I’ll start it at this price [...]

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