Average Home Price In Tallahassee December 2009

The average home price in Tallahassee has been falling. The real estate graph below shows that home builders have adapted, as the homes they are building are ones in lower price ranges than previous years. This is also the first year since 1997 that we have seen the new construction price point drop from its previous year.

For the first time ever, new construction prices are lower than the market. The graph below shows that while the average existing home sales price (red vertical bars) is currently $188,000, the average new home price (vertical blue bars) is $183,000.