Weekly Special | November 12, 2017

1 in 8 Listings Fail To Sell In This Sellers’ Market

If you have been following our reports on the declining supply of homes for sale in Tallahassee, then you might be surprised to find that the numbers are actually worse than they appear.

You see, we are seeing a fairly steady stream of home sellers entering the market, all-the-while buyer-demand continues to grow. The difference in the larger buyer group and the existing seller’s group has created the strongest seller’s market that I have seen in my 27 year career.

So here’s the shocker … Even though the market significantly favors the seller, we are seeing a fairly consistent stream of home sellers re-enter the market after having failed to sell their homes.

The graph above shows the number of listings that have entered the market each month. The green area shows “fresh” listings (those that have not been previously marketed for sale by their owners), while the red area shows those who have previously failed to sell and are trying again with a different real estate company. The red line shows that 12% to 15% of the market have been failures over the past four years.

There is no need for a home to join the red list in this seller’s market, just follow your agent’s advise and get sold today!

This issue went with a longer report on our blog: read the full blog post. The original one-page Weekly Special PDF is still available.