Search Listings

Homes That Failed To Sell In Tallahassee February 4, 2010

We are seeing an unexpected but predictable "good move" in the following real estate graph, which measures the "failure rate" of homes that were listed for sale in Tallahassee. This is the measure of the number of homes that departed the market without a successful sale over the past 365 days, divided by the number of new listings during that same period of time.

  • Unexpected: Normally, the number of homes coming on the market starts to increase at the end of February, which increases the denominator in our equation, thus increasing the failure rate. But listings continue to decline this year, thus giving us an unexpected assist in reducing the inventory of homes for sale in Tallahassee.
  • Predictable: Knowing that inventory is coming onto the market at a slower rate than last year makes it fairly easy to forecast a reduction in the failure rate. It is not a true reduction in failures, it is just the nature of the measurement process we use to estimate the failure rate in the market.

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (470) Blogging Real Estate (189) Distressed Property (31) Foreclosures (3) Glossary of Real Estate Terms (28) Government and Real Estate (29) Homes For Sale (100) Housing Market Conditions (1215) Housing Report (54) Lis Pendens (4) Main (1030) Mortgage / Finance (66) New Construction (1) Off Topic (80) Our Listings (3) Our Sales (7) Real Estate Market Snapshot (20) Real Estate Opinion (3) REALTOR News (11) Tallahassee (87) Tallahassee Neighborhoods (265) 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
© Joe Manausa. All Rights Reserved.
Privacy Policy|Terms of Use|DMCA Notice