September 2011

We will know when the housing market recovery begins before it happens if we just monitor the supply and demand in Tallahassee.

Bobbin Trace has accounted for more than half of all sales in the Bobbin Neighborhoods over the past 9 years, and 65% in the past 3 years.

The latest data on Tallahassee foreclosure sales is mixed, with declining foreclosures offset by a slight rise in new lis pendens filings.

Tallahassee home sales grew by 12% in August versus August 2010, and this is very good news for a housing market on the decline.

If you need to sell a home in Summerbrooke, you might feel like it’s 2002 all over again. Why? Because Summerbrooke homes are selling for the same values

Real estate depreciation in Killearn Acres -The price of homes that have been sold this year is down to $158K, which is $93 per square foot.

This real estate depreciation report compared average home prices in 2006 with average home sales prices in 2011.

Short sales are growing in number in the inventory, but are not selling at the same pace on the closing side of our reports.

Tallahassee Home Inventory Report September 2011: Housing supply and demand dynamics in the Tallahassee real estate market as of September 4, 2011.

Currently, closed sales in the MLS are fairly flat at just over 6 per day, and this is lower than what we saw at this time during the previous two years.

Very recent activity in the Pending Home Sales Index shows signs of positive movement

The home sales success rate currently appears to be on the rise, but concerns of the glut of homes in the shadow inventory hitting the market still present.