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One In Every Three Home Sellers Choosing Not To List Right Now

This is the time of year when most people like to move, so please consider entering the market, we can make it a safe experience and get your home sold fast

This is the time of year when most people like to move, yet one in every three sellers has chosen to wait since the pandemic made its presence known in Tallahassee.

Take a look at the current inventory of homes and note how many of them are already under contract (nearly 1/2), and you'll see why your home is needed so badly.

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Video Housing Market Report

Home Sellers Needed

The following graph shows the number of fresh new listings is down 18% in 2020 when compared to the same period last year.

graph shows the number of fresh new listings is down 18% in 2020 when compared to the same period last year

Remember, this is a market that started the year with too few homes, so a reduction in what is being listed is only going to push prices higher and create pent-up demand for homes.

While this might seem like "good news" for sellers as their homes are worth more, you also have to remember that most sellers are going to be buying another home in the same market (with the same soaring prices).

After a recent meeting with my Buyer Specialists discussing "ready buyers," I found that we have 27 buyers who are fully qualified with lenders and want to buy a home in Tallahassee priced between $250K and $350K. Of course, we also have buyers standing by in other price ranges too.

They have seen everything that is available and what they've found is all the properly priced homes are under contract and they are not interested in what remains. We need homeowners who want to move to put their homes on the market!

My plea to people who were planning to sell is "please consider entering the market, we can make it a safe experience and get your home sold fast."

So how did this all come about (you might wonder).

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Year Over Year Makes It All Very Clear

This next graph is a clear indictment of the pandemic's impact on home sellers. It measures year-over-year changes in fresh new listings hitting the market. It compares the current month with the same month from the previous year. Green lines represent growth, while red ones measure declines.

Graph is a clear indictment on the impact of COVID-19 On Home Sellers

The blue dashed line approximates the time frame in which COVID-19 started impacting home sellers' decision-making in Tallahassee. 

In April, fresh new listings were down 36%, while May was worse when we saw the decline grow to 37%. This is not good for the heavy summer season for home selling.

My simple message to people who want to move and who need to sell is to talk to us! We have incorporated new safety measures that allow us to massively market a home while reducing risks to home sellers. Today's technology allows us to do quite a bit without endless showings of properties for sale.

If you are one of those "on the fence" about selling, let us give you a no-strings-attached virtual (or live) presentation to show you how we can sell your home safely and get you moved to take advantage of today's low mortgage interest rates.

Video Answers To Your Questions

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This real estate frequently asked question is from a recent home buyer. If you are about to buy a home in Tallahassee Florida or beyond and you’re trying to better understand how the real estate negotiation process will work, then understanding how to better control the negotiation is going to keep some of your hard-earned money in your pocket!
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What Is A Swimming Pool Worth? Recently, a customer buying a home asked me a simple question. She inquired “how much does a pool add to the value of a home?” Pretty simple question, right? Well, by the end of this short video, you’ll know the not-so-simple answer (and why this is so important).
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Video Housing Market Reports

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Is The Housing Market Too Hot To Sustain?
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The real estate market September 2020 continues to be hot, despite no end in sight for the COVID-19 pandemic. I was wondering, "is the housing market too hot?" Is the current rate of sales sustainable? Are we seeing 2003 through 2006 conditions happening again? This housing market report starts with a look at the big picture, the US housing market, and then drills down to Tallahassee housing market, and finally to zip code level in the Tallahassee real estate market. Sit back, relax, grab a cold drink, and
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The Tallahassee real estate market continues to suffer from a decimated inventory that forces multiple buyers into bidding wars over each new listing that hits the market. Hands down, bar none, this is the best time to sell a home that I’ve ever seen in my near 30 years experience selling homes in Tallahassee. There simply are not enough homes for sale for our normal market demand. That’s right. Demand is not the highest I’ve ever seen, but supply is the lowest on record. The reduced supply of homes is due
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The Housing Market July 2020 Report is a comprehensive analysis of the Tallahassee real estate market at the half-way point in 2020. If you own a home in Tallahassee, this will give you insight into how your largest asset is doing and let you know where you stand if you would like to move now or in the near future. If you do not live in Tallahassee, this report is likely to reveal market conditions very similar to your own, though the price-points might be higher or lower.
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Your Local Expert In Tallahassee

When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.

As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917