Search Listings

Understanding Absorption Rates

We have had quite a bit of response to yesterday's blog on absorption rates in the Tallahassee real estate market. Apparently, many people who read this blog want to see how Leon County (specifically) is doing versus the entire Tallahassee Board of Realtors Multiple Listing Service (MLS). I did a download from the Tallahassee MLS for Leon County homes that sold from April 16, 2007 through yesterday, April 15, 2008. I also pulled all of the active listings in Leon County. I also took the time to remove all of the duplicate sales and listings (the MLS has many homes that are entered more than once which skews data) to come up with the following information:

There is a whole year's supply of homes across all price ranges in the Tallahassee real estate market (Leon County only). Our twelve-month absorption rate has dropped to 271 homes per month in Leon County. While this is better than the surrounding counties, it is still not that exciting. I suspect that all the attention that real estate is receiving from the media is slowing home sales even more so than the post-boom recovery that was needed. If this is true, we can expect a nice recovery-upswing when the media gets bored with the real estate market.


*Joe Manausa Real Estate is a brokerage company headquartered in Tallahassee, Florida. Its unique business model provides specialists to both home sellers and home buyers, and the results speak for themselves. JMRE has significantly more 5-star reviews on google than any other local competitor. Joe Manausa Real Estate is a leader in internet marketing and utilizes search engine optimization, email marketing, social media and data analytics to get their clients’ home sold faster and for more money than any other Tallahassee brokerage firm. For more information, visit or call us at (850) 366-8917.

View Joe Manausa's profile on LinkedIn


#1 By Joe Manausa at 7/11/2017 3:47 AM

Great question Steven. Short answer is the statistics would look worse. I suspect even without seasonality they would look worse.

Unfortunately, you have to use the entire year. More sales occur from March through August than occur from September through February each year.

#2 By Steven at 7/11/2017 3:47 AM

Thanks for the chart. It's very informative.

How different is that chart if you change the parameter to let's say the last six months rather than the last year?

I ask because, as I understand it, the market really went South after August 2007, when the availability of easy mortgages started to dry up.

If you used statistics from the past six month, which only includes the current tough credit market, do the statistics look much worse?

Post a Comment

Blog Navigation

Posts By Category

All Categories Advice: Real Estate (493) Blogging Real Estate (187) Distressed Property (32) Foreclosures (4) Glossary of Real Estate Terms (32) Government and Real Estate (31) Homes For Sale (149) Housing Market Conditions (1254) Housing Report (54) Lis Pendens (4) Main (1018) Mortgage / Finance (74) New Construction (19) Off Topic (87) Our Listings (3) Our Sales (7) Real Estate Market Snapshot (26) Real Estate Opinion (3) REALTOR News (11) Tallahassee (90) Tallahassee Neighborhoods (598) Uncategorized (50)

Posts By Month

Blog Roll

Luxury Homes For Sale New Construction Homes For Sale Homes For Sale With Swimming Pools Homes For Sale On Acreage Homes For Sale In Golden Eagle Plantation Homes For Sale In Killearn Lakes Plantation Homes For Sale In Killearn Estates Homes For Sale In Southwood Homes For Sale In Killearn Acres Homes For Sale In Summerbrooke Homes For Sale In Piney Z Homes For Sale In Bull Run Homes For Sale In Betton Homes For Sale In The Ox Bottom Area

Tag Cloud

Grab Our RSS Feed

Tallahassee Home Searches

Contact Us

Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917