Long Term Trends Show Housing Market Cooling

The long term trends being recorded from the Tallahassee MLS show that the housing market in North Florida is definitely slowing down. By tracking the changes that occur each day and then looking at the trailing 12 months, we can find trend changes in the market as soon as they occur. Right now all trends continue to show a reduction in activity.

[caption id="attachment_1166" align="aligncenter" width="600" caption="One Year Home Inventory Trends In Tallahassee"][/caption]

In the real estate graph above, the blue line shows that the number of homes being listed each day is falling, while the red line shows that the number of homes leaving the market (through failure to sell) are also declining. The green line shows that daily sales trend has fallen as has the purple line which measures new pending home sales in Tallahassee.