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Daily Closed House Sales Show Long-Term Improvement
As I was compiling information for yesterday's Tallahassee Real Estate Newsletter, I could not help but [cautiously] smile at the pending house sales report.
While the Tallahassee real estate market has a long, long way to go to return to normal, it is nice to see the first real long-term positive trend since 2005. Yes, 2005.
Daily Closed House Sales Show Long-Term Improvement Of course, growth in pending contracts (the number of homes under contract in the Tallahassee MLS) means nothing if they do not result in an increase in house sales. Fortunately, they have.
In the real estate graph below, we see that daily closed house sales in Tallahassee have been (very slightly) on the rise since the first quarter of last year.

While there was a positive trend back in 2009/2010, I don't consider that a "real" one as it was created with a government stimulus, and it came to a crashing end when the stimulus ended.
Our current trend has only shown about an 8% growth in house sales, and though we need much, much more, steady growth is truly a positive sign.
Daily Pending House Sales Show Even Greater Improvement The graph below showing pending house ... more

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