Rather than focus on average home prices, we focus on average price per foot over time to measure real estate appreciation and depreciation. If we measure the trend of average values this way, we can get a realistic view of how much the real estate m
Most national real estate reports monitor what the “average home price” is doing. They typically correlate appreciation and depreciation to average prices of homes that have sold. But this is wrong!
New pending home sales in Tallahassee have continued to climb towards 5 per day and closed home sales are nearing the 7 per day pace. Every housing trend is moving in the right direction!
The Tallahassee Real Estate Newsletter showed a wonderful 81% increase in year over year home sales in Tallahassee. While this is some very good news for Tallahassee, it seems to contradict a report from the MLS in Tallahassee that showed the growth
Great news continues in Tallahassee. Short term home inventory levels continue to decline, even though historically we expect to see a rise this time of year. We had thought that we would see a crossover, from declining to rising, once we hit the las
After recording a record 39 straight months of declines, the Tallahassee housing market is enjoying its third consecutive month of gains that started in October of last year. And based upon activity that I am seeing in our office, you can rest assure
The Tallahassee Lis Pendens and Foreclosure summary shows roughly 23% of lis pendens that are filed have resulted in a foreclosure sale.
Tallahassee Foreclosures Filings January 31, 2010: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 1/31/2010. Usually these properties will end up in foreclosures, short sales, or some type of distr
The current “glut of homes” problem is as much or more a demand problem than it is one of supply. As we see prices continue to drop, more buyers will be enticed into the market, and the correction will accelerate.
A great way to study the Tallahassee housing market is to occasionally view a graph of homes for sale, by price range, and see if any obvious movement is occurring over time.
Northeast Tallahassee has grown as a percentage of homes sold in Tallahassee, while the Southwest and Northwest Tallahassee sectors have seen a reduction in their percentage of the overall housing market. Southeast Tallahassee home sales seem to be h
Yesterday, we saw that the Tallahassee real estate market currently has 12.5 months of supply of homes for sale. But in reality, the market is not equally balanced in all price ranges, some are doing better and some are doing worse than this average.
The best way to forecast future price movements in the Tallahassee housing market is by keeping a watchful eye on the current state of the supply and demand dynamics. We tend to think of a housing market as “in balance” when there exists 6.0 months o
The Tallahassee housing report is almost completely opposite from the report delivered by the National Association of REALTORS®. When we consider all of the sales that occurred outside of the Tallahassee MLS, then we see that December was a big month
Yesterday we reported that the home sales failure rate was dropping, and today we show that the home sales success rate is rising! Seems like good news all around!
Tallahassee citizens have a chance to voice their outrage at the Tallahassee City Commission meeting on January 27, 2010. They will demand to know why the State Attorney General and the Florida Bar are not yet involved in what is arguably a question
This “failed to sell” trend is a measurement of the past 365 days worth of homes leaving the market due to failure to sell (canceled, withdrawn, expired) divided by the number of homes that came onto the market during that same 365 day period.
Daily home sales in Tallahassee have been on the rise since the middle of August 2009. Unfortunately, yesterday’s look at pending home sales has
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