tallahassee house: Who Really Saves The Real Estate Commission? - 06/03/09 05:09 AM
Yesterday’s blog on “For Sale By Owners” created some interesting discussion both here and at the Tallahassee Real Estate Blog. It seems that, oddly enough, my viewpoint was shared by most REALTORS®, yet some of our readership was mixed. I absolutely love when we get reader comments, because it helps steer the direction of this blog, as well as the direction of our customer service directives at our Tallahassee CENTURY 21.
Reader Asks “Where Is My House” So the first comment is from longtime reader “WW’ who writes:
How do you measure FSBOs? If I’m smart enough to say, “Hm, all … (2 comments)
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tallahassee house: Tallahassee, FL: Home Inventories Still Dropping - 05/28/09 05:36 AM
We have seen some tough reports lately on the falling prices in the Tallahassee real estate market, so I thought today I would point out some of the good news that we are seeing. The good news relates to the falling inventory of homes for sale in Tallahassee.
As we have discussed often in the past, supply and demand will rule every and any market over the long haul. Currently, there is a glut of homes for sale in Tallahassee, but the gross number of homes for sale has been falling for nearly a year. You can monitor the movement in … (0 comments)
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tallahassee house: Good News In Tallahassee Real Estate - 05/05/09 09:04 AM
Yesterday was a busy day, as we posted the 6th edition of the Tallahassee Real Estate Newsletter. You can subscribe to the newsletter (in the sidebar to the right) in order to have it delivered right to your email inbox when it is published.
I noticed after publishing the newsletter yesterday that a few people quit their subscription. One in particular commented that I was writing “too much doom and gloom” and he no longer wished to receive the newsletter. So with this in mind, I’m changing the news …. just kidding. But I will work harder to point out the … (0 comments)
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tallahassee house: April Housing Report For Tallahassee (With A Twist) - 04/07/09 06:25 AM
Once a month we generate the Tallahassee Housing Report and post it for download. This report is very informational as it shows the relative months of supply of homes, by area and price range, in the Tallahassee real estate market.
This month we see a continued trend of decreased real inventory (the actual number of single family homes, condos and townhouses currently for sale), but a continued increase in the relative inventory (months supply of homes for sale based upon the current rate of sales) of homes for sale in Tallahassee. [click to see full housing report…]
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tallahassee house: 2009 Home Sales At Record Lows In Tallahassee - 04/07/09 05:56 AM
For those of you who try to make a living in the real estate industry, you know last year was the worst year on record in the Tallahassee housing market. This next graph shows you we should have known how good we had it last year….
As you can see, our data includes January and February housing information from 1991 through 2009. The red bar is the number of new home sales while the blue is the existing home sales. Prior to 2008, the record low was just over 500 homes sold in these two months, but this year we … (0 comments)
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tallahassee house: Real Estate Inventory Trends Need To Be Monitored - 03/11/09 07:10 AM
Even though I’m on the road in San Antonio, I still keep an eye on the inventory trends in the Tallahassee real estate market. One trend lately has been disturbing and that is the 30-day trend. The graph below shows that inventories (the number of homes for sale in Tallahassee) has been growing for 35 days.
Will this trend continue? Click Here for Larger Graph
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tallahassee house: Tallahassee, FL: Housing Report Shows Continued Decline In January 2009 - 02/16/09 07:49 AM
As I await the data from my trusted source to produce the monthly reports for real estate in Tallahassee, I felt compelled to go to the Tallahassee Board of REALTORs Multiple Listing Service (MLS) and pull some preliminary data. While the MLS is the source of information for most of the “experts” who report in the national media on home sales, I prefer to utilize all of the home sales recorded at the county.
The January year-over-year report will be posted in less than 1 week. It will tell us if our prediction of falling unit sales and dramatic price drops … (0 comments)
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tallahassee house: Reader Calls Real Estate Blogger "Conservative" - 02/14/09 03:09 PM
I love it when we get feedback from readers, as they do a much better job of guiding this blog than I can do from my viewpoint at ground level of the Tallahassee real estate market. I often get insight that I would not have been able to generate among my peers with whom I interact on a regular basis.
One reader has popped me comments and questions from time to time and I value his insight. “Steven R.” sent the following message after yesterday’s blog:
Joe,
I think your assumptions about when we’ll be back to normal may be too … (2 comments)
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tallahassee house: Tallahassee, FL: 30 Reasons 2009 Will See Better Results .... Guaranteed! - 01/27/09 08:04 PM
The data for December has now arrived, so I will be assembling all of the Tallahassee real estate market reports for the end of 2008. It is a lot of work, but it helps me to understand exactly what is going on in our housing market and the analysis provides us some insight as to what to expect from the market in 2009.
December was down again, compared to December of 2007, but that was already expected as we have explained in previous blog posts on the Tallahassee Real Estate Blog. So, if December was down (again), what are the reasons … (0 comments)
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tallahassee house: Tallahassee, FL: Subdivision Home Sales Update - 01/10/09 03:00 PM
If you have been searching for a place to find out what is going on in your Tallahassee Neighborhood, then you stumbled upon the right spot! And you can thank our reader “Nick” for today’s post. In a recent comment, Nick wrote:
Joe,
Last fall I remember seeing a very detailed report on the Tallahassee housing market by neighborhood that included a lot of information including, among other things, the average $/sf of for-sale and sold properties, the number of properties for sale and the number sold, etc. and a column describing each neighborhood as a buyers or sellers market. … (0 comments)
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tallahassee house: Tallahassee, FL: Home Sales Report by Subdivision - 01/01/09 07:44 AM
While the Tallahassee Real Estate Blog usually analyzes information about the Tallahassee real estate market, we also can tell from our traffic reports that many of our readers like to see what is going on by subdivision (or neighborhood). Today’s blog is just a very large table of all sales, listed by total number of recorded sales per year, by subdivision in the Tallahassee real estate market. The real estate report shows all Tallahassee neighborhoods which have had a sale in the past five years (this year through November) and is sorted by the most sales per neighborhood in 2008.
… (2 comments)
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tallahassee house: Tallahassee, FL: The Top 200 Selling Residential Subdivisions - 12/30/08 04:27 AM
I was doing quite a bit of research this weekend and was focused on finding the top selling residential communities (subdivisions) in Tallahassee. With over 1,800 neighborhoods recorded in the Leon County Tax Appraisers office, there was quite a bit of information to be screened.
I pulled the top 200 selling neighborhoods in 2008 and used these as my group to study. Southwood home sales led all Tallahassee Subdivisions with 108 sales from January through November. In order to create a year over year study, I lopped off December sales from 2007, 2006 and 2005, thus making each year January … (2 comments)
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tallahassee house: Tallahassee, FL: Home Inventories Falling - 12/10/08 01:56 PM
Today’s blog is a brief update on Tallahassee housing inventories, but also a reminder that we have an excellent resource page for Tallahassee real estate information at http://www.manausa.com/market.php. This is your gateway to tons of charts, graphs, and analysis of the Tallahassee real estate market.
We have some great analytics being developed on this site and if used as a resource, should provide for adequate and ample warning for future market shifts. The key is to routinely study the trends occurring in the real estate market and question every unusual or drastic movement.
Home Inventory Levels Falling In Tallahassee The … (0 comments)
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tallahassee house: Tallahassee, FL: Southwood Home Sales Information - 12/03/08 05:47 PM
Recently a reader left a comment (which I appreciate) indicating that he thought my data was incorrect for home sales in Southwood. In doing my research to validate the data, I figured I might as well turn it into a blog about current home sales in Southwood. The reader wrote:
Joe, I really enjoy reading your Blog, but I work in 2 of the communities that are in the top ten of your list, and I know that your figures are wrong!. Where did you get the figures for this list??
The sold numbers are nowhere near where you say … (0 comments)
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tallahassee house: Want A Housing Clue? Check Out Inventory Trends - 11/09/08 09:48 AM
As I have often written in the past, the inventory of homes for sale will be the first clue as to where the market is heading. For this reason, we track a myriad of trends in the Tallahassee housing market, but keep a keen eye on the short-term trends in home inventories. The Tallahassee Real Estate Blog is dedicated to providing accurate market insight on a daily basis.
The thirty day Inventory Trend shows us that we are losing more than three homes per day, on average, over the past thirty days in Tallahassee. From the real estate graph on the … (0 comments)
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tallahassee house: Housing Supply - Study The Inventory Trends For Next Market Move - 11/09/08 09:39 AM
Today’s blog is short on words but long on pictures, filled with numerous Tallahassee Home Supply Graphs that demonstrate different time trends in the Tallahassee real estate market.
The supply of homes for sale in Tallahassee has been dropping steadily since June. As I have been saying for over a year now, the first step in the market turn-around will be inventory reduction. While this is not enough to get us to the turn, it’s a mandatory “step 1″ in the process. We can accept that we have achieved this step once the One-year trend demonstrates inventory reduction. Unfortunately, my … (0 comments)
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tallahassee house: Real Estate Blog Update - 11/09/08 09:28 AM
And I could feel changes comin’ on People started singin’ different songs Searching for a place where they belong I could feel changes comin’ on
I can feel changes comin’ on
Alabama - Mountain Music
There are some changes “comin’ on” to the Tallahassee Real Estate Blog in the next few weeks as well.
Real Estate Blog Update It has been roughly 10 months since we launched the Tallahassee Real Estate Blog and I think we’ve covered a lot of ground in that relatively short time. Much of our original intent is still driving this blog, as we strive to
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tallahassee house: How To Use The MLS To Determine Supply And Demand Dynamics - 09/10/08 05:25 PM
The newest supply and demand information have been culled from the Tallahassee Board of Realtors Multiple Listing Service (MLS) and there are no real surprises for the month of August. Inventory levels are finally creeping down, but the trend for home sales is still dropping.
Three Immediate Fixes For Tallahassee Housing Market As I have addressed numerous times in the past, we need to see a great reduction in the inventory of our homes before we will see this market turnaround. The three actions that could accelerate the recovery in the Tallahassee real estate market include:
Discretionary buyers move back into … (0 comments)
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tallahassee house: When Inventory Drops - Real Estate Stengthens - 08/27/08 06:07 AM
As any of our long-term readers know, we update our Tallahassee Market Bulletin page about twice per week, showing the inventory movement in the Tallahassee real estate market. We have been looking closely at the 180 day trend on inventory flows to hopefully see it drop below the “zero” line and thus show that inventory is being reduced in Tallahassee. Well take a look at this…
Housing Inventory In Tallahassee (180 Day Trend)
All of our trend lines indicate a reduction of inventory. As we have discussed here in the past, WE WILL NOT SEE THE MARKET TURN until we … (0 comments)
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tallahassee house: How To Find Out About The Tallahassee Real Estate Market - 08/23/08 04:49 PM
Tallahassee Real Estate Market Report Just another quick post today (with a thank you to Carol Palacios for delivering the data) on the inventory in the Tallahassee Real Estate Market. I want to remind the readers that you can always find updated information on the supply of homes in Tallahassee at http://www.manausa.com/market.php. The link for all Tallahassee real estate market reports is right on our web site.
Tallahassee Home Inventory Report The graph below is the weekly update on homes for sale in Tallahassee. Note that inventory is still dropping for all of the short-term trends, but the rate of … (0 comments)
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