Bullish On Tallahassee Housing March 10, 2010
Most of what we’ve read (and most of what I’ve written) about the Tallahassee housing market over the past three years has not been very positive. Sure, we’ve seen signs of recovery, but since when is a recovery good news?
I think people who own homes (and those who are considering owning homes) in Tallahassee have enough historical evidence to be positive about the long-term benefits of owning real estate in Tallahassee.
Bullish On Tallahassee Housing
For example, the graph above shows the total number of home sales each month, going back to January of 1991. We see that the trend has grown from 400 home sales per month, to a level surpassing 500 home sales each month.
If we were to take out long-term market cycles, then we could anticipate 6,000 sales this year. But due to our current cycle, we will only see about 3,600 sales. This is what a recovery is all about.
But the “normal” times will return, as will the “good” times. When the cycle returns the Tallahassee housing market to levels in which we are accustomed, we will again see appreciation and home owners will be confident in the nest egg that they are building. So if you are here to stay, buy with confidence in knowing that your house, your home, is a great investment for the future.
Great Tallahassee Real Estate ResourcesDo you want to know more about the Tallahassee real estate market? It is not as hard as you might think keeping up with the movements in the housing market, you just have to know where to look. The following are some of the best resources that you can find on Tallahassee real estate:
- Daily Real Estate Blog (A Technorati Top 100): Tallahassee Real Estate Blog
- Current Housing Reports: Housing Market Reports
- Map Based Property Search Tool: MLS Property Search
- Foreclosure Reports: Lis Pendens and Foreclosures
- List of Distressed Properties in the MLS: Distressed Properties
- REALTOR® news and updates: Successful REALTORS®
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