Tallahassee Housing Market Trends

Luxury homes, estate homes, and high-end homes, the top of the Tallahassee real estate market is oversupplied.

The real estate graph below contains great market intelligence in just one look, and it has become one of my favorites for determining market strength every month.

Real estate graphs paint a vivid picture of the housing market, and the prudent investor knows that no singular graph clearly portrays the whole housing market.

Tallahassee Foreclosure Alert: New lis pendens filings in Tallahassee dropped 48% in February when compared to February 2010, and foreclosures fell 18%.

2011 is the Year of the Foreclosure, and if we see a spike in sales activity, we might be able to consider this the worst year as we head into a full market recovery

The February 2011 Tallahassee Lis Pendens and Foreclosure summary shows roughly 57% of lis pendens that are filed have resulted in a foreclosure sale.

What many report as price stability in Summerbrooke is actually a rise in the rate at which premium homes are selling in Summerbrooke Subdivision in Tallahassee.

Hopeful home sellers struggle in a market where roughly 60% of the homes listed over the past 365 days failed to sell. This real estate graph measures success rates.

We define a balanced real estate market as one in which relative supply rests at 5 to 6 months, knowing that home buyers are the best judge of scarcity in the market

Short sales still dominate distressed home sales in the Tallahassee MLS (distressed are short sale, bank owned property, relocation property, or in foreclosure).

To sell a home in 2011, ignore square footage concerns, price it right, and make sure you execute a superior internet marketing campaign.