
Southwood Home Sales Report May 2011
Existing Home sales in Southwood are still falling. Despite falling prices, new homes are still being built and sold.

Existing Home sales in Southwood are still falling. Despite falling prices, new homes are still being built and sold.

Pending home sales are lowering, threatening to establish a new housing market bottom.

Year over year home sales in March 2011 outperformed the same period in 2010; could the real estate market bottom be behind us?

Pending home sales have been recovering since November 13th, when we first saw a steady rise, but then the housing market has cooled to a bumpy bottom.

February existing home sales in Tallahassee bucked the national trend by rising for a second consecutive month, showing the expected lag effect in Tallahassee.
There are 59 homes for sale in Southwood and 9 of them are new construction and surprisingly ‘only’ 20% of the homes listed.
Current list of home sales in Golden Eagle Plantation, the premiere golf course community located on the Northeast side
Year Over Year Home Sales Slide-December home sales were down nearly 40% from December of 2009

2010 Home Sales Analysis-The relative drop in the market is far worse than the real drop that we see.

Pending Home Sales Show Improvement-The real estate graph below shows the one-year trend of pending home sales,

Existing home sales weaken as first time homebuyers are depleted and the remaining pool of buyers first have to sell a home in which they have negative equity.

Tracking home sales in Killearn Lakes 3 shows what has occurred, and one can really get a feel for the near term future when looking at a simplified chart

The existing home sales report is “old news,” while the jobs report and pending home sales report better enlighten us on the state of the housing market.

I just love the 25th of the month. I wake up every 25th of the month, grab a cup of coffee, then look to see what the National Association Of REALTORS®
Pending home sales are properties that are under contract, waiting to go to closing. We observe these for the latest changes in the Tallahassee housing market.

In what can only be described as the “Mother of all Real Estate Reports,” see an in-depth review of the current Tallahassee housing market.

Pending home sales continue to decline since the end of the Homebuyer Tax Credit. This is a sign of further cooling of the real estate market in Tallahassee.

Home Sellers must decide to stay or go. It is as simple (though very painful) as that. This has been a recurring theme in real estate conversations
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