Search Listings

Short Term Inventory Trends Show Growth February 25, 2010

By closely monitoring the short term inventory trends in the Tallahassee housing market, we see evidence that we are poised to see the number of homes for sale in Tallahassee start to grow again, as home sellers begin to enter the spring selling season.

Last month, I was pleasantly surprised to see that our short term inventory trends (30 day rolling average) still showed inventory reduction, but we have finally succumbed to the normal seasonal growth that usually runs from February through May.

What this means is that over the past 30 days, more homes have entered the market than have departed. Real estate inventory levels have risen. The short term inventory trends help identify current seasonal changes, if any.

The graph above shows new inventory in red, departing (homes that sold, expired, canceled, etc.) in green, and the difference is shown in yellow. When the red is higher than the green, we see short term inventory trends grow, while when all we see is green, housing levels fall. Right now, the pattern is showing seasonal growth.

Normally, this occurs in the spring months, as many home sellers enter the market to time their home sales with school schedules. The past two years we saw this occur at the end of January.

Look for seasonal growth to continue and put more pressure on home prices. While this short term inventory trend increase is normal, we really need the reduction to return so that we can continue whittling away at the glut.

Great Tallahassee Real Estate Resources

Do you want to know more about the Tallahassee real estate market? The following are some of the best resources that you can find on Tallahassee real estate:

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (472) Blogging Real Estate (189) Distressed Property (31) Foreclosures (3) Glossary of Real Estate Terms (31) Government and Real Estate (30) Homes For Sale (100) Housing Market Conditions (1219) Housing Report (54) Lis Pendens (4) Main (1025) Mortgage / Finance (66) New Construction (1) Off Topic (81) Our Listings (3) Our Sales (7) Real Estate Market Snapshot (20) Real Estate Opinion (3) REALTOR News (11) Tallahassee (87) Tallahassee Neighborhoods (337) Uncategorized (50)

Posts By Month

Blog Roll

Homes For Sale In Killearn Lakes Plantation Homes For Sale In Killearn Estates Homes For Sale In Southwood Homes For Sale In Killearn Acres Homes For Sale In Summerbrooke Homes For Sale In Golden Eagle Plantation Homes For Sale In Piney Z Homes For Sale In Bull Run Homes For Sale In Betton Homes For Sale In The Ox Bottom Area

Tag Cloud

Grab Our RSS Feed

Tallahassee Home Searches

Contact Us

Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917

© Joe Manausa. All Rights Reserved.
Privacy Policy|Terms of Use|DMCA Notice