Weekly Special | July 1, 2019

Home Values Today Versus Past Years

The housing market continues to improve, with home values today setting new record highs in some areas while still playing catch-up in others The graph above shows the average price per square for existing (meaning no new construction homes) single-family detached homes and it is organized by zip code.

This is a handy way to get a feel for overall home values, though it is not an effective method for determining the value of a particular home.

So what does this graph tell us in terms of home values today versus those we’ve seen in the past?

Today’s Home Values Vs. Market Peak  32308 – Up 4.3%  32309 – Up 0.6%  32317 – Down 0.3%  32311 – Down 1.3%  32312 – Down 2.3%  32303 – Down 6.0%  32301 – Down 14.3% The 32308 zip code is leading all other Tallahassee zip codes in the recovery.

The student areas are the most beaten down, and thus remain as the best opportunities for obtaining a great value-buy right now.

The original one-page Weekly Special PDF is still available.