Weekly Special | July 6, 2015

Good News Continues For Tallahassee Housing

The year over year home sales report has been assembled (as of July 1) and June has already posted more sales in the Tallahassee MLS than were posted for the entire month of June last year.

In the graph above, green lines extending upwards show the months that out-performed the corresponding month from a year prior, while red bars extending downward represent the months that under-performed the corresponding month from a year prior.

Since August of 2012, only 4 months have posted declines (and none were greater than 14%). During this time period, 31 months have shown gains, with a current streak of 10 straight months of gains. This streak has seen an average year over year improvement of 17%, and we’re not done seeing sales recorded for June. Once the final |stragglers are posted, it is likely to show June with a 6% to 7% improvement over June of last year.

All of these gains are great news, but we are far from out of the woods in Tallahassee’s housing market. Sales levels still need to continue rising in order to help stabilize (reduce) the glut of homes on the market, specifically those at the higher end and the former rental units on the West side.

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