July Housing Reports Less Sour
The data is in for the July housing reports in the Tallahassee real estate market. Even though I am still in New York City, I am able to download the data and I brought my spreadsheets with me. Of course, the first thing that I did after I recorded the data for the month of July was look to the Year over Year Housing Report to see how we did.
Year Over Year Home Sales Decline For Record 37th Consecutive Month
Every month I look to this real estate graph with the hope that we will see the next step in the turn of the housing market in Tallahassee. When we look at the history of home sales in Tallahassee, we cannot find a time when more than nine months in succession were recorded with the same trend. We see runs of nine months in a row positive, and we see some runs of nine months in a row negative, so it absolutely blows my mind that we are in a run of 37 months in a row to the negative.
Perhaps we can get something positive from this as we see that the past two months are showing a reduced rate of decline. If the government were to report this, they would call this "positive" for the housing market. I see it as less negative. To put it in perspective, this real estate graph is telling us this:
- July 2009 reported 9.7% fewer home sales in Tallahassee than July 2008
- July 2008 reported 32.4% fewer home sales in Tallahassee than July 2007
- July 2007 reported 19.7% fewer home sales in Tallahassee than July 2006
- July 2006 reported 9.3% fewer home sales in Tallahassee than July 2005
Single Family Home Sales Continue Decline In Tallahassee
Another graph that really puts some historical perspective on the severity of the decline of home sales Tallahassee is the Single Family Home Sales Trend Graph. In 1991, we averaged over 300 home sales per month, and I never thought we would cross back below this level. I thought it was the "floor" for home sales in Tallahassee.
We have crossed over the 300 and we are now approaching the 200 home sales per month level, a number so low it is staggering. I am hoping that this means we are building some "pent up demand" so as the market recovers, there will be plenty of families ready to move.
|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 Subscribe by Email.You will be able to stay informed about the happenings in the Tallahassee Real Estate Market.
Joe Manausa is a real estate blogger, a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
Please Do Us A Small Favor
We work very hard to produce daily content for our long-time readers and first-time visitors. We provide this information for free, hoping to earn your respect and trust and the right to one-day help you when selling or buying a home. Can we get your help spreading the word about our blog?
If you like the content, would you please like it or share it using the Facebook button at the beginning of the post? This simple action will be greatly appreciated! THANK YOU!
Also like us on Facebook at https://www.facebook.com/joemanausarealestate/
Joe Wrote The Book On How To Sell A Home Today
WARNING: The Internet & digital marketing systems have changed the way sellers need to market a home for sale. It's not about getting a home sold anymore, it's about getting a home sold and netting the most money from the sale.
To do this, a seller needs to hit the digital market hard in a coordinated effort that alerts ready-buyers (all at the same time) to ensure buyers understand they are competing for the right to buy the home.
While it only takes ONE buyer to sell a home, it takes MULTIPLE BUYERS for the seller to bid the property up to its highest value in today's market. You see our full explanation about how to sell a house here, or you can buy the book and really get into the nuts and bolts of selling a home in the digital age.
Get the book that explains it all, in a manner that is understanding to all, even technology neophytes. It's available on Amazon, a trusted source for consumers.
Think all REALTORS are alike?
Read what people are saying about working with Joe Manausa Real Estate! You can see thousands of real customer reviews reported on Google, Facebook and Zillow at this link: CLICK HERE FOR REAL ESTATE AGENT REVIEWS.
Post a Comment