3 Trend Lines Worth Watching In The Housing Market
We continue to monitor the housing inventory movement in order to have an idea of the direction of the real estate market. Anybody who wants to know "How is the housing market" really should be looking at the movement of inventory. If housing inventory is dropping, we know that eventually demand will outrace supply, and we will see prices moving up again in the housing market. The contrary has been true for quite some time now, seeing inventories grow in the Tallahassee real estate market for the past two years.
Fewer Homes For Sale In Tallahassee
Perhaps the most exciting thing that I can report this week is that the inventory of homes for sale in Tallahassee continues to drop. The short term trend (orange line) for inventory of Tallahassee homes continues downward at a nice pace of six homes per day, while the medium trend (green line) is shrinking by two homes each day.
Housing Consumption Is Worth Watching
I look forward to early next year, when we will be able to start posting a long-term trend (one year) that will give a great look at the Tallahassee housing market without any affects of real estate seasonality. But as far as the short-term goes, inventory is finally moving in the direction that we have been desiring for two years!
|Subscribe in a reader||Subscribe by email|
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible. Additionally, if you would like to respond (leave a comment) to this article, you will need to “click through” to the blog site to post your feedback.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can . You will be able to stay informed about the happenings in the Tallahassee Real Estate Market. You can also subscribe to this blog and have it delivered by Email.