Search Listings

A Positive Shift In Housing Supply And Demand In Tallahassee

We posted our monthly report on supply and demand for homes in Tallahassee yesterday.

The good news is that we saw the seasonal reduction in the available supply, and home sales did improve slightly in July when compared to July 2013.

But there still are far too many homes for sale in Tallahassee, and we need to see the demand side of the market begin to return to normal levels.

Housing Supply And Demand In Tallahassee

The following real estate graph shows the number of active listings of homes by price range (red bars) and the number of home sales over the past year (green bars), both measured on the left vertical axis. The relative supply of homes is shown as a blue line and measured as months of supply on the right vertical axis.

housing supply

The yellow band in the graph represents a level where the market is considered in equilibrium, or balanced between supply and demand. Whenever we see the blue line go above the yellow band, we say that it is a buyer's market, while below the yellow band represents a seller's market. Currently, only the very lowest segment of our market is in balance, while all others continue in a buyer's market.

How To Use Our Monthly Housing Supply Report

real estate reportThe reason that we publish supply and demand reports on a regular basis is so that our readers know how to negotiate their sale or purchase. For example, if you are looking to buy a home for roughly $110,000, you should expect to have a lot of competition (other buyers wanting the same home). The market is balanced and the best deals leave the market rapidly.

But if you are looking to sell a home that is priced above $500,000, you need to know that there are many other people in the same boat, and very few buyers in the market right now. You will need to be priced as the best deal in your neighborhood/area, and you should be prepared to find limited showings if you are not priced aggressively.

Regardless of whether you are buying or selling, you will have an advantage knowing the depth of the competition at your price point. If you would like expert assistance in the Tallahassee housing market, just drop me a note and we can schedule a time to help you prepare for your real estate transaction.

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (496) Blogging Real Estate (187) Distressed Property (32) Foreclosures (4) Glossary of Real Estate Terms (33) Government and Real Estate (31) Homes For Sale (159) Housing Market Conditions (1269) Housing Report (54) Lis Pendens (4) Main (1018) Mortgage / Finance (74) New Construction (19) Off Topic (87) Our Listings (3) Our Sales (7) Real Estate Market Snapshot (26) Real Estate Opinion (3) REALTOR News (11) Tallahassee (90) Tallahassee Neighborhoods (643) Team Member (1) Uncategorized (50)

Posts By Month

Blog Roll

Luxury Homes For Sale New Construction Homes For Sale Homes For Sale With Swimming Pools Homes For Sale On Acreage Homes For Sale In Golden Eagle Plantation Homes For Sale In Killearn Lakes Plantation Homes For Sale In Killearn Estates Homes For Sale In Southwood Homes For Sale In Killearn Acres Homes For Sale In Summerbrooke Homes For Sale In Piney Z Homes For Sale In Bull Run Homes For Sale In Betton Homes For Sale In The Ox Bottom Area

Tag Cloud

Grab Our RSS Feed

Tallahassee Home Searches

Contact Us

Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917