Search Listings

Home Sales Success Rate Improving January 25, 2010

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 for the Tallahassee housing market! The current trend of home sales success (the number of home sold over the past 365 days, divided by the total number of homes that were listed during that same period of time) has reached 44%, after reaching a low of 35% during March of 2008.

Tallahassee Real Estate Market Home Sales Success Trends

For those of you quick with a calculator, you might have noticed that the failure rate + the success rate equals more than 100%? That is why we say these measurements have little value in the absolute sense, but great value in the relative sense. This measurement has a changing denominator, and the sales and failures are measured against listed properties during the same period of time.

The fact that the measurement exceeds 100% means that more homes left the market during that time than came on. In the past, the combination of these two numbers yielded a result less than 100%, because more homes were coming onto the market than were leaving.

Right now, homes are leaving the market faster than they are arriving (which means the glut is being reduced). And more of these are leaving due to a successful home sale than due to a failure! So yes, this is good news for the Tallahassee housing market.

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (472) Blogging Real Estate (189) Distressed Property (31) Foreclosures (3) Glossary of Real Estate Terms (31) Government and Real Estate (30) Homes For Sale (100) Housing Market Conditions (1219) Housing Report (54) Lis Pendens (4) Main (1025) Mortgage / Finance (66) New Construction (1) Off Topic (81) Our Listings (3) Our Sales (7) Real Estate Market Snapshot (20) Real Estate Opinion (3) REALTOR News (11) Tallahassee (87) Tallahassee Neighborhoods (337) Uncategorized (50)

Posts By Month

Blog Roll

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

© Joe Manausa. All Rights Reserved.
Privacy Policy|Terms of Use|DMCA Notice