Year Over Year Home Sales Move Higher In October
Year over year home sales in Tallahassee posted gains again in October. This marks the 14th consecutive month where sales from the current year exceeded sales from the same month in the prior year.
Simply put, the housing market is improving for people who have homes for sale in Tallahassee, Florida.
Take a look at this month's graph and you will gain a clear visualization of a real estate market on the mend.
Year Over Year Home Sales Graph
The real estate graph below is a depiction of market changes each month when compared to the same month the prior year. For example, the green vertical bar on the far right of the graph represents the 3% improvement of home sales in October of this year when compared to the number of home sales in October of last year.
All months that have posted gains are shown in green, while those that recorded declines are shown in red.
Currently, only four of the past thirty nine months have reported declines. This is a very positive stretch of growth for the Tallahassee real estate market. Of course, there was a stretch from 2006 through 2009 that had 39 consecutive months of declines, so we cannot just assume that all has been corrected at this point.
If you were to look at our recent report on the supply and demand for real estate in Tallahassee, you will see that much of the market is healthy on the North side of town, but higher priced homes everywhere still remain over-supplied (and thus a buyer's market).
Nevertheless, today's report should be received as super-positive news for anybody who lives in and owns property in Tallahassee.
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