Leon County Florida

Home sales success rates in Tallahassee reveal that over the past year, less than 48% of the homes that were listed actually sold.

Short term housing inventory change trends in Tallahassee show that the number of homes for sale is rising, which is a normal seasonal move.

The Tallahassee Lis Pendens and Foreclosure summary shows roughly 26% of lis pendens that are filed have resulted in a foreclosure sale.

Leon County year-to-date sales of single family detached homes and condos/townhouses rose in February and just nudged out 2009 by 6 units.

The average monthly sales activity in the Tallahassee real estate market seems to be finally picking up. As the real estate graph below shows though, we are at 1/2 our normal rate of sales.

One great graph that shows much in one quick glance is the Tallahassee real estate 1 year inventory trends. See what it shows now …

The rate at which homes ‘failed to sell’ has been dropping since August 2009, when the rate hit 85%. We measure the total number of listing failures

A pending home sale is a property in which a buyer and seller have agreed to terms, and is currently in the due diligence stage of the transaction.

Home prices continue to decline, which is motivating new buyers to come forward and take advantage of the opportunities in Tallahassee housing.

Average real estate prices in Tallahassee have been dropping for several years and only condo/townhouse prices have bucked the trend…. Or have they?

If you are trying to sell a home in Tallahassee, make sure you put your best effort forward now, or you risk of joining those who are on the “failed to sell” list.