Search Listings

Understanding Turnover Rate In Your Neighborhood

One statistic that a good listing agent in Tallahassee should discuss with you when you are considering selling a home is the turnover rate in your neighborhood. Turnover rate is defined as the number of homes selling each year divided by the total number of homes.

So, if your Tallahassee neighborhood has 250 homes, and on average 25 sell each year, you can say that your neighborhood has a turnover rate of 10%. We can also measure how often somebody chooses to sell a home by taking the inverse of this turnover rate. So in the previous example (1/10%), the average length of home ownership would be 10 years.

By tracking the trend of turnover rates in an area, you can find out a lot about the stability of a neighborhood in Tallahassee. You can also find out whether or not you should expect more homes to come on the market (to compete with yours). The following real estate graph is an example of turnover rate measured in Weems Plantation in Tallahassee, Florida.

Turnover Rate Measured For Weems Plantation In Tallahassee, Florida

weems-plantation-turnover-rate

In the real estate graph above, the blue line shows the trend of the turnover rate in Weems Plantation for the past 8 years. The vertical red bars are the trend of the average price. It appears that when the prices soared in Weems, everybody that could sold their homes, with a turnover rate exceeding 20%.


Joe Manausa Real Estate is a brokerage company headquartered in Tallahassee, Florida. Its unique business model provides specialists to both home sellers and home buyers, and the results speak for themselves. JMRE has significantly more 5-star reviews on google than any other local competitor. Joe Manausa Real Estate is a leader in internet marketing and utilizes search engine optimization, email marketing, social media and data analytics to get their clients’ home sold faster and for more money than any other Tallahassee brokerage firm. For more information, visit www.manausa.com or call us at (850) 366-8917.

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 (1217) Housing Report (54) Lis Pendens (4) Main (1028) 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 (287) 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