Year Over Year Homes Sales Decline Again
Last week, I reported that we had seen an uptick in the daily homes sales in the Tallahassee MLS, and we had seen a significant 5 week uptick in the pending sales in the Tallahassee MLS, so I was anxiously awaiting the sales data to see how we did in August versus 1 year ago.
If you have followed the Tallahassee Real Estate Blog for any period of time, then you know that we consider this the next major move in the market, year over year home sales improving. Unfortunately, August will not be the first month to show improvement, rather it will be the 38th consecutive month of declining year over year home sales in the Tallahassee housing market.
Year Over Year Home Sales Decline For 38th Consecutive Month
In the real estate graph below, each month is shown as a percentage change compared to its corresponding month from the year prior. This year, August is shown as 1.23% lower than August of 2008, making it the 38th consecutive month of declining home sales in Tallahassee.
Good News In Tallahassee Year Over Year Home Sales
While we dropped again, this was the lowest drop reported in the past 38 months. Additionally, that is three months in a row in which the drop percentage declined, indicating that we are heading to the market bottom. I had originally predicted that we would see the turn by the month of November, now everything is pointing to a September market bottom and housing market turn.
During the month of August, year over year homes sales in single family detached homes showed improvement, whereas condos and townhouses were still lagging and thus caused the "close but no cigar" results in year over year home sales reports. I really look forward to preparing this graph next month!
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 on real estate in Tallahassee Florida.
|Subscribe in a reader||Subscribe by email|
Joe Manausa is a real estate blogger, 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.
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!
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.
Have 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.
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