February Records Strong Year Over Year Home Sales Gain

Year over year home sales in Tallahassee grew by more than 14% in February. This is the second month in a row where sales in a month from the current year exceeded sales from the same month the year prior.

Additionally, the strength of the growth trend can be seen in the fact that only 5 months have posted declines going all the way back to July 2012.

February Year Over Year Home Sales

The real estate graph below shows market changes each month when compared to the same month of the prior year. For example, the green vertical bar on the far right of the graph represents the 14.4% improvement of home sales in February of 2016 as compared to the number of homes sold in February of 2015.

February 2016 Year Over Year Home Sales Graph

All months that have posted gains are shown in green, while those that recorded declines are shown in red.

If you were to look at our recent report on the Tallahassee housing market, you will see that more than one half of all homebuyers are purchasing in NE Tallahassee, but the supply of homes for sale is declining in all but the highest price ranges.

The fact that we see continued strengthening in our monthly year-over-year reports means that our market is improving.

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You might fancy yourself a prude investor or an experienced negotiator, but you cannot know the whole story (the key to being a prude investor as well as a successful negotiator) unless you have a keen insight on the specifics of supply and demand for the home that you are transacting.

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