Weekly Special | January 13, 2020
Housing Inventory 20% Lower In 2020
Our recent reports have continually conveyed our concerns about the decline of the relative inventory of homes for sale in Tallahassee, and today we’re going to demonstrate exactly how much change has occurred in the past twelve months.
The table above shows the change in relative supply (months of supply)
from January 2019 to January 2020.
Red numbers show a decline, while black numbers show an increase.
Overall, the months of supply of homes has been reduced by 20%, with the majority of that reduction occurring for homes priced below $400K. The table below shows the current relative supply (6.0 months of supply = balanced market, less makes it a seller’s market while more makes it a buyer’s market.
The 2.8 at the bottom right shows a clear too-strong seller’s market.
The original one-page Weekly Special PDF is still available.
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