Residential Sales Trends In Tallahassee April 6, 2010
Residential sales in Tallahassee continue to trend upwards since the bottom of the market was hit in August of 2009. Falling home prices are enticing more buyers into entering the market and both trends look to continue for the foreseeable future.
The following real estate graph shows residential sales trends by measuring unit sales and average prices of single family detached homes, condominiums, and town houses in the Tallahassee real estate market.
In the real estate graph above, the blue vertical bars represent the average number of homes sold each month, while the red line shows the average home price for the past twelve months. Currently, the one-year falling trend of home prices has hit $187K, while the average number of homes sold each month rose to 271.
Don't be surprised to see falling home values, but rising average home sales prices in Tallahassee once the housing tax credit expires. As the lower end of the market loses the stimulus, it is only logical to assume the market ratios will return to normal levels, thus making it appear as if home prices are rising.
Tallahassee Real Estate Links
Do you want to know more about the Tallahassee real estate market? It is not as hard as you might think keeping up with the movements in the housing market, you just have to know where to look. The following are some of the best resources that you can find on Tallahassee real estate:
- Building A Better Real Estate Web Site: Best Real Estate Web Site
- Daily Real Estate Blog (A Technorati Top 100): Tallahassee Real Estate Blog
- Tallahassee Neighborhood Report: Tallahassee Subdivisions
- Current Housing Reports: Housing Market Reports
- Map Based Property Search Tool: MLS Property Search
- Foreclosure Reports: Lis Pendens and Foreclosures
- List of Distressed Properties in the MLS: Distressed Properties
- REALTOR® news and updates: Successful REALTORS®