Finally, the May figures are in for the Tallahassee real estate market. Unfortunately, sales of homes in Tallahassee were down 34.5% in May of 2008 versus May of last year. But some good news does seem to be on the way.
If you regularly check our continuously updated information on Tallahassee real estate, you might have noticed that our 30-day inventory trend has moved to “reducing,” while our 60-day is getting close to zero! This is BIG NEWS! We cannot expect this market to turn until we see inventories begin to fall.
Tallahassee Real Estate Inventory Report 30 Day Trend
Tallahassee Real Estate Inventory Report 60 Day Trend
If you would like to see the full Tallahassee Real Estate Market Report, just following the link to 12 new and updated color graphs.
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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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