Tallahassee Housing Market Trends

Land values are still depressed in Tallahassee, and it is likely to remain this way for many more years, so what do you do with your land?

Many sellers are still waiting for closing because a lender is part of the seller-side approval process.

What is happening to Tallahassee foreclosures? Some are listed for sale and are immediately known and available.

2 in every 5 home sales in Killearn Acres is either a short sale, a foreclosure, or a bank owned property sale.

Distressed home sales are on the rise as 1 in every 4 homes sold in Golden Eagle Plantation were sold under a situation of distress

Contrary to confusing reports that suggest otherwise, Tallahassee property depreciation continues as home sellers still outnumber buyers.

Bull Run house values are still on an overall decline trend, though existing home values have bumped along fairly flat for the past 2 years.

The February 2013 Tallahassee Lis Pendens and Foreclosure summary shows roughly 51% of lis pendens that are filed have resulted in a foreclosure sale.

When we segregate new construction sales from existing home sales in the Tallahassee condominium and townhouse market, something curious is found.