Tallahassee Real Estate - Inventory Report
- Leon County, Florida real estate
- Wakulla County, Florida real estate
- Gadsden County, Florida real estate
- Jefferson County, Florida real estate
- Franklin County, Florida real estate
- Other Counties that our local realtors sell in are recorded as "Other."
The sign to look for at the beach this summer is rental rates. If we start seeing all of the "flip" properties start to hit the rental market, then rental rates will have to start dropping dramatically. If the flip properties are still being held for sale, then the rental market will be less affected and rental rates will be strong. Once they are converted to rentals, we know the final step before the turn will have been reached.
The inland areas of the Tallahassee real estate market are struggling as well, just not nearly as much as the beach area markets. I will be publishing the Leon County Florida Real Estate Inventory Report within the next ten days and I suspect our inventory levels will be around the 11-month level. While 11 months of supply is no reason to rejoice, it sure beats a day at the beach!
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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.