Search Listings

Closed Home Sales Still Near Market Bottom

Tallahassee traditionally sees about 10 closed sales per day, on average, posted in the Tallahassee MLS. Our graph below shows the one-year trend of closed home sales going back to 2002, and it is quite clear we have been well below average for the past four years. Of course, we were well above average for the five years prior, so the current correction should not be a great surprise.

Tallahassee Home Sales

Currently, closed sales in the MLS are fairly flat at just over 6 per day, and this is lower than what we saw at this time during the previous two years.

In 2007, the trend was falling fast, but in mid-March our one-year average daily closed home sales were double what they are today. They were 50% higher than today in 2008, but again that trend was falling fast too.

The question that we all want answered (and only time can do it), is what will we see from the daily closed sales in the Tallahassee MLS going forward. Most likely, we will be in a sluggish market for several more years, as home sellers work to get out of homes that are worth less than their current mortgage loans.

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (489) Blogging Real Estate (189) Distressed Property (31) Foreclosures (4) Glossary of Real Estate Terms (31) Government and Real Estate (30) Homes For Sale (131) Housing Market Conditions (1241) Housing Report (54) Lis Pendens (4) Main (1025) Mortgage / Finance (72) New Construction (1) Off Topic (85) Our Listings (3) Our Sales (7) Real Estate Market Snapshot (26) Real Estate Opinion (3) REALTOR News (11) Tallahassee (90) Tallahassee Neighborhoods (507) Uncategorized (50)

Posts By Month

Blog Roll

Luxury Homes For Sale New Construction Homes For Sale Homes For Sale With Swimming Pools Homes For Sale On Acreage Homes For Sale In Killearn Lakes Plantation Homes For Sale In Killearn Estates Homes For Sale In Southwood Homes For Sale In Killearn Acres Homes For Sale In Summerbrooke Homes For Sale In Golden Eagle Plantation Homes For Sale In Piney Z Homes For Sale In Bull Run Homes For Sale In Betton Homes For Sale In The Ox Bottom Area

Tag Cloud

Grab Our RSS Feed

Tallahassee Home Searches

Contact Us

Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917