Tallahassee Single Family Resale Home Numbers Have Fallen

The buzz around town (at least in my Tallahassee Real Estate world) is everybody speculating about what the Tallahassee housing market is going to do this year. In yesterday's blog, I summarized Dr. Hank Fishkind's 2009 Real Estate Forecast for the State of Florida, as well as what his expectations are for the Tallahassee real estate market. We will go into great detail about his findings in our newsletter (click here for The Tallahassee Real Estate Newsletter).


But just as I pointed out last year, Fishkind uses numbers that differ with mine. If you are a regular reader of the Tallahassee Real Estate Blog, then you know that I prudently track all sales in Tallahassee (Leon County), not just the ones reported in the Tallahassee MLS. We have reported that Tallahassee REALTORs only account for about 2/3rds of the market, therefore we have to track all deed filings to really know the complete market view.

Tallahassee Single Family Resale Home Numbers Have Fallen

While our numbers differ quite a bit from the numbers reported in the Fishkind 2009 Real Estate Forecast, they do parallel in showing that prices have gone up since 2000 and volume has dropped since 2005. The major difference is that we are still holding price much better than he concludes, therefore I have to wonder if the partial data that he is using is affecting his conclusions.


In the real estate graph above, Fishkind reports average price per year as shown with the red line, whereas recorded deeds in Leon County (Tallahassee) are shown in the red shaded area. Similarly, Fishkind reports Volume (unit sales) as shown with the blue line, whereas real volume is shown in the blue shaded area.

Joe Manausa Real Estate Launches Newsletter For Tallahassee Housing Market

The discrepancies between what gets reported about the Tallahassee real estate market nationally and at the State level have created a need for a much better source of information about the housing market in Tallahassee.  Due to this demand, we have created the The Tallahassee Real Estate Newsletter and will be reporting all about Tallahassee Real Estate with accurate information, confirmed at the local level. We encourage you to sign up for the Tallahassee Real Estate Newsletter and to continue providing the feedback through the remarks section below that guides the future content of what we do here and in the newsletter.

Subscribe in a reader Subscribe by email

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.

Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

If you like this Article then please subscribe to my blog through a full RSS feed, or you can Subscribe by Email.You will be able to stay informed about the happenings in the Tallahassee Real Estate Market.
Joe Manausa is a real estate investor and the Broker and Co-Owner of Joe Manausa Real Estate. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.
View Joe Manausa's profile on LinkedIn

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!

Please Like Us And Share On Facebook - Help us grow our brand!

Also like us on Facebook at https://www.facebook.com/joemanausarealestate/

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.

The digital marketing guide for small businessesHave you heard about my new book "The Business of Getting Business?" It's a comprehensive guide for small businesses to help them make the move to digital. For those of us who want to survive and thrive in a world where large corporations are taking over, it is a must-read. It's also the perfect guide for how to sell a home in the digital age. You can find The Business Of Getting Business by clicking on any of the trusted retailers below.

Real Estate Agent reveals in Tallahassee, Florida

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.


#1 By Rich at 7/11/2017 3:48 AM

Is it possible that neither data set is entirely accurate? You suggest that Fishkind leaves out legitimate transactions by using only MS data. But is it also the case that by using "all sales" in Tallahassee, you're capturing transactions that don't necessarily reflect the "real" market? I'm thinking here of trust transfers, intra-family 'deals,' and other R.E. transfers where the competitive nature of the free market is not in play...

Just a thought; I'm certainly no expert.

#2 By Joe Manausa at 7/11/2017 3:48 AM

Thanks Kevin. I guess if you publish your findings, they become the "real deal"

#3 By Joe Manausa at 7/11/2017 3:48 AM

Hey Rich, great to hear from you. I buy my information from Metro Market and have all the transactions in Leon County. His numbers are variably different and usually fewer than mine, so he might be scrubbing the non arms-length deals (as you pointed out).

With him being such a large data aggregator, he most likely would be doing this by eliminating certain deed types, and unfortunately I think most of these are needed to accurately reflect current market conditions. If our foreclosure sales are eliminated, we could be eliminating a good percentage of the market (thus not truly reflecting the competitive nature of the market).
Thanks for the great points.

Post a Comment

(850) 378-5727