Residential Sales Trends In Tallahassee December 2009

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 market had peaked and was coming down.

Prices are expected to continue dropping, maybe even for two more years, even though the direction of the market has changed again back in August of 2009.