The Waiting Is Over - Is The Turn Here?

As any of our long-term readers know, we update our Tallahassee Market Bulletin page about twice per week, showing the inventory movement in the Tallahassee real estate market. We have been looking closely at the 180 day trend on inventory flows to hopefully see it drop below the "zero" line and thus show that inventory is being reduced in Tallahassee. Well take a look at this...

Housing Inventory In Tallahassee (180 Day Trend)

All of our trend lines indicate a reduction of inventory. As we have discussed here in the past, WE WILL NOT SEE THE MARKET TURN until we see inventory being reduced. While this graph is a great sign, we have a long way to go. What we really are seeking is the one-year trend of inventory reduction. Unfortunately, we only began measuring this data this year and it will take many more months to be able to confirm or refute a one year trend of inventory reduction.

July Real Estate Market Report Is Posted

Every month, we provide a detailed look at the happenings in the Tallahassee real estate market. The July report has been posted and can be viewed on the Tallahassee Real Estate Reports page on our web site. I encourage you to take some time to really understand the information provided. As always, there is an instructional video that will decipher each graph as well.

This month, we have added a report for our readers who are interested in the markets that surround Tallahassee, Florida. This report shows the average price of homes in Leon County, Gadsden County, Wakulla County and Jefferson County.

We welcome your feedback below and would love to hear from you. Please take the time to fill out a "comment" and haze us, praise us, or just make a recommendation of what you would like to see in the future.

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.
Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed, or you can Subscribe with Bloglines . 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.
Joe Manausa is 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.
View Joe Manausa's profile on LinkedIn

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!

Please Like Us And Share On Facebook - Help us grow our brand!

Also like us on Facebook at

Your Local Expert In Tallahassee

When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.

As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.

The digital marketing guide for small businessesHave you heard about my new book "The Business of Getting Business?" It's a comprehensive guide for small businesses to help them make the move to digital. For those of us who want to survive and thrive in a world where large corporations are taking over, it is a must-read. It's also the perfect guide for how to sell a home in the digital age. You can find The Business Of Getting Business from each of the trusted retailers below.

Real Estate Agent reveals in Tallahassee, Florida

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.


#1 By real estate bahamas at 7/11/2017 3:48 AM

I think I need that instructional video because it is really difficult for me to understand this information.

#2 By Joe Manausa at 7/11/2017 3:48 AM

That's a pretty quick leap your making there "your right move" and of course I hope your right.

#3 By John Morris at 7/11/2017 3:48 AM

“That’s interesting because US Home Sales up-turn by 3.1% in July”

That statistic is completely irrelevant.

While it is true sales were up 3.1% between June 2008 and July 2008, that statistic completely ignores seasonality. Real estate sales *always* increase between June and July nationally. That’s just the seasonal nature of real estate. Would you also conclude that the toy market is doing well just because toy sales increase between November and December?

A much more representative statistic is to compare July 2007 sales to July 2008 sales. Using that comparison, sales were *DOWN* 13.2%. In fact, the July homes sales in 2008 was the lowest in a decade:

To imply that that national housing picture is improving based on an increase between June and July is disingenuous at best. It certainly doesn’t tell the truth about the national market.

#4 By Joe Manausa at 7/11/2017 3:48 AM

I agree with you John. I just checked my numbers going back to 1996 and this July was the worst by far. It is clear that the discretionary buyers have left the market and we will have to see continued reduction in the inventory to bring them back into the market.

Post a Comment

(850) 378-5727