Tallahassee Real Estate Blog

The real estate graph below shows how significant a drop in the number of monthly home sales and the resulting drop in the average home price trend. It is interesting to not that home values continued to increase for over two years, even after the ma

The average home price in Tallahassee has been falling. The real estate graph below shows that home builders have adapted, as they are building homes, on average, for lower prices than the norm in the resale market.

The average price of a single family detached home in Tallahassee continues to fall. In the real estate graph below, we see prices peaked in 2007 at just over $220,000 and they are down over 10% now at $190,000. Look for this number to continue falli

Tallahassee lot sales continue on the decline, mirroring the new home construction market. Unit sales are at a recorded low and seem to be going lower. The average price bumped up in December, with the one-year trend of lot sale prices averaging over

Here is a favorite real estate graph, the Year over Year Home Sales Report. It gives one an idea of how sales are trending and how long the trend has run. After going 39 consecutive months of declining home sales, December of 2009 brought the second

Home sales activity in Tallahassee seems to have found bottom and is now on the mend. But look how low the market activity has been lately and contrast that with just a few years ago. The chaotic nature of the market this decade is dramatically diffe

When we look at new home sales versus new home permits in Tallahassee, we see that sales have been out racing permit for about a year. This means that new construction supply is dropping (we are consuming faster than we are producing homes). With a g

The new home construction market in Tallahassee continues to decline. New home sales and new home permits are at their lowest level in our records going back to 1991. Currently, permit and sales trends in Tallahassee are below 40 homes per month!

Condo and townhouse sales have trended back up to levels consistent with the “pre-boom” years. Time will tell whether this is the result of a large developer liquidation sale on the North side of Tallahassee, or if buyers are taking advantage of low

New Condominium and Townhouse sales in Tallahassee hit a ten-year high, mostly thanks to a developer liquidation sale on the North side of the Tallahassee real estate market.

Single Family Detached home sales in Tallahassee were the lowest in recorded years during 2009. Both new and existing home sales were lower than any previous year in our records going back to 1991.

Unit sales of Condos and Townhouses in Tallahassee were similar to levels seen in the 1990s, but much lower than during the boom years of 2001 through 2007.

Having watched the Year To Date Home Sales in Tallahassee (Leon County) all year long, it comes as no surprise that 2009 was the worst year that we have in our records. Who would ever believe we would have fallen to levels lower than any period after

When we look at the entire Tallahassee MLS, we see that both real and relative home supply levels are dropping. Sales appear to be rising, so we look for continued improvement in the relative supply levels.

Banks continue to accelerate the pace of foreclosures in Tallahassee. 2009 was an all-time high year for both lis pendens filings as well as foreclosure sales., but it was not until the final half of the year that the banks pushed to get these delinq