More news from the Tallahassee Real Estate Market. I will be doing a good bit of research and analysis this weekend, so today with be just a quick graph from the new data.
So, let’s take a look at new construction in the Tallahassee real estate market. New permits and new sales data is something that I have been tracking for a very long time. We can get a feel for the near-future inventory movement by what is happening in new construction today. The following chart shows the relationships between Tallahassee new permits and new sales in single family homes in Leon County, Florida.
The red line represents new permits while the green line represents new sales. We can see that new construction starts have been dropping since January of 2006, and correspondingly, so have the sales just thereafter. This went on until March of last year, when permitting turned from the lowest level seen since I started tracking this in 1997. It appears that we are just starting to see the sales follow.
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Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
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