Homes On The Market In Tallahassee January 29, 2010
A great way to study the Tallahassee housing market is to occasionally view a graph of homes for sale, by price range, and see if any obvious movement is occurring over time.
The following real estate graph shows that two price ranges have been dropping at a faster rate than most others. Homes priced $150,000 to $200,000 have dropped from 640 in October of 2008 to 440 in December of 2009. At the same time, homes priced from $300,000 to $500,000 have seen their inventory drop by 50%!
Most others have dropped only minimally, with the exception of homes priced under $75,000 which have risen steadily and doubled in number in the same period of time. I suspect this is due to the number of investment properties (rentals) that have started to fill the market.