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Tallahassee Real Estate Market Lags Nation In Recovery

I was having a discussion about the state of the Tallahassee real estate market with a longtime friend yesterday. He had seen the Existing Home Sales report for both the U.S. as well as for the State of Florida.

The first thing that caught his eye was the national report, which showed that the sale of existing homes sold at a seasonally adjusted rate of 5.1%, far higher than most analysts expected.

Then, he viewed the Florida Association of REALTORS® Single Family, Existing Home Report and saw that we experienced a year-over-year growth of 20% in the number of homes sold in February of 2009 versus February of 2008.

Of course, it seems like everyone is on the mend except Tallahassee, and he wondered why. Read the rest of this entry

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