Leon County Florida

The pending home sales trend in Tallahassee has stopped rising, and in fact appears to be falling back down. Will this be something more than a “hiccup” in the trend? Time will tell, and we will be keeping an eye on this.

The long term trends in the following real estate graph are moving in a direction that is positive for the Tallahassee housing market. Daily new listings are dropping, Daily new home failures (homes that failed to sell) are dropping, new pendings are

Tallahassee Foreclosures Filings January 21, 2010: This is a list of properties that received a lis pendens filing in Tallahassee, for the week ending 1/21/2010. Usually these properties will end up in foreclosures, short sales, or some type of distr

It is the time of year that we normally start to see more homes for sale in Tallahassee. The holiday season has concluded and people set their sites on

The real estate graph below shows how significant a drop in the number of monthly home sales and the resulting drop in the average home price trend. It is interesting to not that home values continued to increase for over two years, even after the ma

The average home price in Tallahassee has been falling. The real estate graph below shows that home builders have adapted, as they are building homes, on average, for lower prices than the norm in the resale market.

The average price of a single family detached home in Tallahassee continues to fall. In the real estate graph below, we see prices peaked in 2007 at just over $220,000 and they are down over 10% now at $190,000. Look for this number to continue falli

Tallahassee lot sales continue on the decline, mirroring the new home construction market. Unit sales are at a recorded low and seem to be going lower. The average price bumped up in December, with the one-year trend of lot sale prices averaging over

Here is a favorite real estate graph, the Year over Year Home Sales Report. It gives one an idea of how sales are trending and how long the trend has run. After going 39 consecutive months of declining home sales, December of 2009 brought the second

Home sales activity in Tallahassee seems to have found bottom and is now on the mend. But look how low the market activity has been lately and contrast that with just a few years ago. The chaotic nature of the market this decade is dramatically diffe

When we look at new home sales versus new home permits in Tallahassee, we see that sales have been out racing permit for about a year. This means that new construction supply is dropping (we are consuming faster than we are producing homes). With a g

The new home construction market in Tallahassee continues to decline. New home sales and new home permits are at their lowest level in our records going back to 1991. Currently, permit and sales trends in Tallahassee are below 40 homes per month!

Condo and townhouse sales have trended back up to levels consistent with the “pre-boom” years. Time will tell whether this is the result of a large developer liquidation sale on the North side of Tallahassee, or if buyers are taking advantage of low

New Condominium and Townhouse sales in Tallahassee hit a ten-year high, mostly thanks to a developer liquidation sale on the North side of the Tallahassee real estate market.