Is Seasonality Rearing Its Ugly Head In The Real Estate Market?
For any type of market, there are times during the year or times during the month that market speeds up and other times in which the market slows down. We refer to this as seasonality. In the real estate market, seasonality occurs on a semi-annual basis, with the months of March through August being the heavier trading times and the months of September through February as being the slower trading months.
Seasonality Means Slower Sales For Now
Six months ago, I was hoping seasonality would bring robust sales, yet that did not happen. The months of March through August in the Tallahassee real estate market were the worst that I have recorded since entering real estate in 1991. While Tallahassee continues to grow, our real estate market is greatly affected by the news, events, and economy of the greater United States. While it is just a cycle and will certainly pass in due time, it does require real estate brokers to know how to get your home sold using different techniques.
This real estate blog is primarily focused on delivering usable information about real estate trends and real estate market analysis to those who currently need it. If you are selling your home, then you are at the head of that list today, and that is why this next chart should be an eye opener for anybody who has their home for sale in Tallahassee.
Home Sales Rate Begins To Slow In Tallahassee
The graph above shows home selling trends in the Tallahassee real estate market. These are recorded from thirty-day trends to 180 day trends. The trend on the graph above that is disturbing is the thirty-day trend. This short-term trend shows that home sales (as a ratio of homes sold versus homes listed) is doing worse in the short-term than it is in the mid-term (180 day trend)...... So What?
Unfortunately, I suspect this means that seasonality has started and we are seeing sales slow down, even from the brutally slow pace that we have been on this year. While home inventories are dropping finally (which is good), the pace of home sales is cooling. This is normal. This should be expected. I was just hoping for this cycle to be as crazy as the previous six months.... in an opposite manner.
As a reminder for those who subscribe to the Tallahassee Real Estate Blog by email, some embedded pictures and videos might not be appearing in your email and you might need to click the title header to go to your browser where all will be visible. Additionally, if you would like to respond (leave a comment) to this article, you will need to “click through” to the blog site to post your feedback.
If you like this Article then please subscribe to my blog through a full RSS feed, or you can
Please Do Us A Small Favor
We work very hard to produce daily content for our long-time readers and first-time visitors. We provide this information for free, hoping to earn your respect and trust and the right to one-day help you when selling or buying a home. Can we get your help spreading the word about our blog?
If you like the content, would you please like it or share it using the Facebook button at the beginning of the post? This simple action will be greatly appreciated! THANK YOU!
Also like us on Facebook at https://www.facebook.com/joemanausarealestate/
Joe Wrote The Book On How To Sell A Home Today
“Location, location, location’ is no longer a competitive advantage. Digital marketing and going direct to consumer have made all geographical boundaries obsolete. The Business of Getting Business is a must-read modern-day survival guide for any local business to get to the next decade. Local businesses are on death ground.
They can either take a stand and re-invent themselves by embracing the digital frontier and have a chance to survive the overwhelming odds of digital direct-to-consumer capabilities that have erased all local and national business distinctions, or they can choose business as usual and accept certain death.
The Business of Getting Business is the critical survival guide for those that choose to dig in and fight.”
– Anthony Noto, CEO, SoFi and former COO, Twitter
Get the book that explains it all, in a manner that is understanding to all, even technology neophytes. It's available on Amazon, a trusted source for consumers.
Think all REALTORS are alike?
Read what people are saying about working with Joe Manausa Real Estate! You can see thousands of real customer reviews reported on Google, Facebook and Zillow at this link: CLICK HERE FOR REAL ESTATE AGENT REVIEWS.
Discussion
very informative blog...........
Post a Comment