Tallahassee Home Sales Still Near Market Bottom

The number of home selling in Tallahassee is very close to reaching the same as market bottom level that was found in August 2009. The real estate graph below shows the 365 day trend of closed home sales in the Tallahassee MLS is approaching just 6 per day.

We use the 365 trend in order to remove all effects of the seasonal changes that happen at different times of the year. Therefore, any change in the graph above represents a true change in the movement of the Tallahassee housing market.

The message is clear if you have to sell a home in Tallahassee. The market is slowing and competition is getting stiffer for the few buyers in the market. Either choose to sell, or plan to wait the market out for the next 5 to 7 years.