home sales report tallahassee: How The Mortgage Interest Rate Spike Will Slow The Market
- 07/17/13 05:25 PM
Our latest year over year report shows home sales up for eleven consecutive months, marking the longest positive streak in the Tallahassee real estate market in more than twenty years.
Yep, that's right. This streak is longer than any we experienced during the boom of the housing market from 2002 through 2006, and no time in the 1990s did we see year over year home sales up for 11 straight months.
Year Over Year Home Sales Up
The year over year home sales graph below is one important graph that we like to monitor each month. It lets us know how well … (26 comments)
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home sales report tallahassee: Piney Z Localism Report With List Of 700 Home Sales
- 07/11/13 10:22 PM
Northeast Tallahassee has many popular neighborhoods, and today we feature Piney Z that has homes with prices just a bit higher than Tallahassee's median home sales price.
Currently, there are 20 homes for sale in Piney Z, and they range in price from $155,000 to $325,000.
Piney Z home sales have been recovering nicely over the past year or so, and it is why this subdivision can usually be found among the top five or ten most active neighborhoods in Tallahassee.
Piney Z Home Sales Report Our first real estate graph shows some good news for people who need to sell a … (0 comments)
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home sales report tallahassee: Is Your Real Estate Newsletter Focused On Consumer Needs?
- 06/18/13 10:55 PM
One question that I get several times a month is who "does" my real estate newsletters and is this a service that can be purchased for other real estate markets.
The questions mostly come from real estate agents from outside of the Tallahassee housing market, and I'm flattered that they like how they are done.
Currently, we have nearly 5,000 people who have chosen to subscribe to the Tallahassee Real Estate Newsletter, and we're hoping to double the list over the next twelve months. But as far as the questions go, this is how each edition of our newsletters is done:
No Cheesecake … (2 comments)
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home sales report tallahassee: Interesting History And Great Place To Live In Lafayette Oaks
- 11/28/12 07:29 PM
Tallahassee's first gated community, Lafayette Oaks, has always been a popular neighborhood in Northeast Tallahassee.
Lafayette Oaks was selected as the 2012 Neighborhood of the Year for unincorporated Leon County by the Leon County Council of Neighborhood Associations (CONA).
Currently, there are 4 homes for sale in Lafayette Oaks, priced from $225K to $375K.
Lafayette Oaks is named for the great Marquis de Lafayette because its location is part of the 23,000 acre land grant that was gifted to General Lafayette for his service to the US during the Revolutionary War. If only he had held onto the land ... :)
… (64 comments)
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home sales report tallahassee: Zooming Out Provides Clarity To Home Sales Report
- 11/26/12 08:55 PM
Yesterday's blog post identified a serious problem regarding demand in the housing market, so I thought I would follow-up with a silver-lining report which reveals Tallahassee house sales have risen 20% since the bottom of the housing market.
This is far from a housing market recovery, but rising 20% from the bottom is certainly a step in the right direction.
In the real estate graph above, we observe that Tallahassee house sales have risen 8% since this time last year, and a full 20% since August 2009 when we recorded a market bottom for the number of homes sold in Tallahassee … (50 comments)
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home sales report tallahassee: October Nearly Best In 21 Years Of Housing Reports
- 11/11/12 11:04 PM
There is really good news to report regarding the October (year over year) house sales report.
The number of houses sold in Tallahassee in October 2012 was 41% higher than were sold in October 2011.
By tracking "year over year" monthly house sales, we are able to generate a house sales report which shows market trends without the impact of real estate seasonality.
October 2012 Year Over Year House Sales Report The real estate graph below shows the Tallahassee year over year house sales report going back to 1991. Each bar represents the percentage gain (or loss) for each month when … (4 comments)
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home sales report tallahassee: Daily Closed House Sales Show Long-Term Improvement
- 09/17/12 09:59 PM
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, … (0 comments)
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home sales report tallahassee: Split Market Is Next Step In The Housing Market Recovery
- 08/20/12 01:23 AM
Having reviewed the supply and demand for real estate in Tallahassee almost every day for more than 6 years, it is not too difficult to provide an accurate Tallahassee real estate forecast.
But several years ago, just to ensure that I was not missing something, I began to study the Tampa housing market too, with the idea that I would perhaps learn something from how the two markets compared and/or contrasted. And I have.
Tallahassee Real Estate Forecast Using Tampa As A Model In the real estate graph above, the yellow band represents "market equilibrium" for Tallahassee. Currently, every price range … (2 comments)
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home sales report tallahassee: Real Estate Inventory Report Uncovers Disturbing Trend
- 07/29/12 10:53 PM
I conducted a real estate inventory analysis of the Tallahassee MLS in order to discover a pattern that might help explain a strange new twist being observed in home sales in Tallahassee.
Over the past 7 months, we have observed an improving trend in the number of homes going under contract each day, yet we have not really enjoyed the corresponding number of closed home sales being recorded.
By conducting a real estate inventory analysis, we were able to discover a dark new trend that all home sellers should understand.
In the real estate graph above, we can observe that there … (6 comments)
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home sales report tallahassee: Real Estate Supply And Demand Moves To A Dual Market
- 07/12/12 10:53 PM
In case you missed the message on Twitter (or Facebook), the July 2012 report on real estate supply and demand in Tallahassee has been published over at our Market Reports Blog.
We have to keep a close study on the real estate supply and demand in Tallahassee because we are moving to a new stage of the real estate market recovery where [hopefully] an increase in home sales is going to create pockets of imbalances in the market.
REMINDER: You can download a .pdf version of the Monthly Market Report anytime you like (available each month) from the Market Report link … (4 comments)
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home sales report tallahassee: Home Sales Struggle Just Above Market Bottom
- 09/04/11 03:03 PM
Tallahassee traditionally sees about 10 closed sales per day, on average, posted in the Tallahassee MLS. Our graph below shows the one-year trend of closed home sales going back to 2002, and it is quite clear we have been well below average for the past four years. Of course, we were well above average for the five years prior, so the current correction should not be a great surprise.
Currently, closed sales in the MLS are fairly flat at just over 6 per day, and this is lower than what we saw at this time during the previous two years.
… (0 comments)
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home sales report tallahassee: Is A New Market Bottom Looming Ahead?
- 08/13/11 10:00 AM
The number of home selling in Tallahassee is very close to reaching the same as market bottom level that was found in August 2009. The real estate graph below shows the 365 day trend of closed home sales in the Tallahassee MLS is approaching just 6 per day.
We use the 365 trend in order to remove all effects of the seasonal changes that happen at different times of the year. Therefore, any change in the graph above represents a true change in the movement of the Tallahassee housing market.
The message is clear if you have to sell a … (6 comments)
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home sales report tallahassee: What's Going On In Your Neighborhood?
- 03/10/10 11:34 PM
Tallahassee Neighborhoods are enjoying the beginning of the market turn, with homes selling at a faster rate today than they were a year ago. The most active neighborhood in Tallahassee is Killearn Lakes, followed by Southwood, Killearn Estates and Killearn Acres.
The following real estate graph shows the top 3 Tallahassee neighborhoods represent a very large portion of the homes sold in Tallahassee. The blue vertical bars show the number of home sales in each neighborhood, while the red bars show the average price of homes that sold.
The following table lists all named subdivisions in Tallahassee that had an … (0 comments)
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home sales report tallahassee: November Year Over Year Home Sales Surge 33%
- 12/21/09 01:46 AM
I have been waiting nearly three and a half years to write a headline like that. With all the year-over-year declines that we faced (39 months in a row if you don’t remember), it sure is nice to see such an improvement.
The Tallahassee Real Estate Newsletter went out today … Did you receive it?
While we ended the negative trend in October, by a margin of a single home, the November jump is what we really have been waiting for. November of 2009 was up 33% over November of 2008.
Tallahassee Year Over Year Homes Sales Up 33%
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home sales report tallahassee: Do You Trust REALTOR® Reports?
- 10/27/09 12:31 AM
Anybody who knows me will tell you that I am an Army Football fan. I played for Army in the 1980s and I attend their annual football team reunion up at the academy each year.
Recently, I had a conversation with a friend who is also a fan, but is (I believe) a little biased when reporting how well a team with a 3-5 record is really doing.
Army played Rutgers this past Thursday night, but I did not watch the game. The next morning I read that we had lost the game, so I called my friend to see … (12 comments)
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home sales report tallahassee: 38 Straight Declines In Tallahassee Home Sales
- 09/13/09 10:58 PM
Last week, I reported that we had seen an uptick in the daily homes sales in the Tallahassee MLS, and we had seen a significant 5 week uptick in the pending sales in the Tallahassee MLS, so I was anxiously awaiting the sales data to see how we did in August versus 1 year ago.
If you have followed the Tallahassee Real Estate Blog for any period of time, then you know that we consider this the next major move in the market, year over year home sales improving. Unfortunately, August will not be the first month to show improvement, rather … (12 comments)
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home sales report tallahassee: Tallahassee Continues Month Over Month Home Sales Declines
- 05/18/09 11:55 AM
I believe that the stages that the Tallahassee real estate market must go through to complete the market correction are both predetermined as well as predictable. The key is to pay attention to home inventory changes and buyer activity, as we do both daily here at the Tallahassee Real Estate Blog.
Real estate trends do not change overnight, so we should be able to see them coming. If we know what part of the cycle that we currently are working through, then we should know what the next change will look like.
Real Estate Market Forecast [click to continue…] … (0 comments)
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Our latest year over year report shows home sales up for eleven consecutive months, marking the longest positive streak in the Tallahassee real estate market in more than twenty years.
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