The Latest Trends In The Tallahassee MLS

The Tallahassee MLS contains a wealth of information that can yield a glimpse of the direction of the real estate market if you know where and how to look. With the help of Carol Palacios, the Tallahassee Real Estate Blog tracks key data over time in order to provide the analysis that you find here and in the Tallahassee Real Estate Newsletter (you can subscribe in the form at the right).

carol-palacios-realtor-in-tallahassee-florida-housing-market1

So what exactly is the Tallahassee MLS? A Multiple Listing Service (MLS) is a computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now be obtained by performing a Tallahassee Property Search right here on our site.

Tallahassee MLS Reports Show Housing Market Still Softening

With Carol's great help, we have been tracking daily information from the Tallahassee MLS since the beginning of 2008. This information is not the kind of data that one can pull doing historical record analysis, it must be pulled "live" and recorded in a separate file or it is lost forever.

The information that I find most helpful is all of our 1-Year Trend data streams. By looking at 365 day averages (1 Year Trend), we are able to remove seasonality as a reason for any movement in the data. So every day, our data advances by a day, but we look at the past 365 days to create another point of information.

Key 1 Year Housing Trends From The Tallahassee MLS

Now that our 1-Year Trend information has been gathered and is growing, we can see the following tendencies in the Tallahassee MLS since December of last year:

  • The number of new listings taken daily has dropped 7.5%
  • The number of new sales closing each day has dropped 21.4%
  • The number of homes that go "off the market" as failures has risen 0.7%
  • The number of homes going "under contract" has dropped 7.3%
  • The number of homes coming "back on the market" after failing is up 79.5%
  • The rate of reduction in our housing inventory has dropped 5.9%

So what does this all mean?

Tallahassee Continues To Seek The Bottom Of The Market

The Tallahassee MLS has shown us that things are still getting worse in the Tallahassee real estate market. The only good news in the information above is the new listings are slowing down, but there are so many homes that failed to sell in a previous listing period that are streaming back onto the market that the benefit seems to be neutralized.

As more and more of the "back on the market" home sellers start to get serious, we are going to see prices drop even faster than they have over the past 12 months. The serious sellers will price their homes to attract buyers, while the not-so-serious sellers will become this year's "failures."

Frustrated home owners who absolutely do not have to sell their homes should take them off the market to accelerate this process and to protect home values (somewhat). If you are a regular reader of the Tallahassee Real Estate Blog, you have seen this advice before. Pass it on to your friends and family members who are thinking about selling their home.

subscribe-to-the-exclusive-tallahassee-real-estate-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 from each of the trusted retailers below.

Real Estate Agent reveals in Tallahassee, Florida

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.

Post a Comment

Have a Question or Want a Free Market Report?

Contact Us
Questions? We're Here to Help