Evil Wizard Forecasts Strong Tallahassee Real Estate MarketAnybody 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 how the team had performed.

Our Conversation

Me: So did you watch the game?

Him: Yes! Man we had it right in our hands.

Me: Really?

Him: Yeah, we really looked strong. We took the opening drive and shoved it right down their throat. We ran 11 plays and scored a touchdown. We were dominating.

Me: Oh? What happened after that.

Him: Well, Rutgers ran off 17 straight points and then scored the final 10 points of the game to beat us 27-10.

Now I wouldn’t call his recollection of the game a true, un-biased account. I’m not so sure that Army “had it right in their hands.” I’ve learned over time that if I really want to know how well (or how not-so-well) the Army Team has done, I need to read a few different accounts from the game. Everybody has their own viewpoint, and all come will a bias.

Beware Of False Prophets In Real Estate

So why do I begin a real estate blog with a story about Army Football? Because home sales in Tallahassee are a lot like the Army Football Team. There is a lot of talk and great signs of promise, but so far the record indicates that a recovery has not been made!

Recently, a local publication took a report from the Florida Association of REALTORS® and wrote an article that I think painted a picture that is not truly accurate. Much like my friend reporting on Army Football, the writer spouted a few positive (facts) and then let the reader conclude that the Tallahassee housing market is on the upswing.

Unfortunately, REALTORS® typically only report about 1/2 to 1/3 of all the home sales in a market. I like to know what the REALTOR® reports are saying, but to get a true picture of the Tallahassee real estate market (or any real estate market for that matter), one has to dig deeper.

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12 Comments on Do You Trust REALTOR® Reports?

OCT
27
109,715 Points Localism Sponsor Outside Blog

Joe..I agree. You can manipulate numbers if you want. You have to dig deeper to find the truth...

7:33am • #1
287,125 Points 2 Featured Posts Outside Blog

You got it..either a half full or half empty perspective...and you can make it how you want it! OK, Army - Navy? I am retired Navy...

7:36am • #2
1 Featured Post Localism Sponsor Hit Router

There are three kinds of lies: lies, damned lies and statistics (Mark Twain attributed to Benjamin Disraeli)

With selective use of statistics, we can usually support any viewpoint.  However, perception is often reality.  If people believe things are getting better, they may just get better.

8:00am • #3
Outside Blog

I agree that some have a lot of talk and great signs of promise but no clue as to how the market runs.

8:23am • #4
218,282 Points 8 Featured Posts Outside Blog

Thanks Pat. The manipulation lately has been crazy.

11:20am • #5
218,282 Points 8 Featured Posts Outside Blog

Hey Gary .... Beat Navy!

12:00pm • #6
218,282 Points 8 Featured Posts Outside Blog

Marilyn, that seems to be the underlying marketing theme for most REALTORs. "I can make the market better by saying it is better."

I think I'd rather be the "un-cola."

12:01pm • #7
218,282 Points 8 Featured Posts Outside Blog

Thanks Mark. Kind of like all American politicians now. Plenty to say; not doing much.

12:05pm • #8

Joe - thanks for clarifying the situation....  some folks like to take the easy route.. 

2:42pm • #9
225,491 Points 8 Featured Posts Localism Sponsor Outside Blog

Joe,

Good point.  I never felt reel comfortable with their rosey outlook,

John

6:23pm • #10
OCT
28
218,282 Points 8 Featured Posts Outside Blog

Thanks Eva, and our customers are reading that stuff!

8:24am • #11
218,282 Points 8 Featured Posts Outside Blog

Thanks John. I wish I could confirm it, I'll be the first printing it when it occurs.

8:24am • #12

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Joe Manausa - Tallahassee Real Estate

Tallahassee, FL

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Century 21 First Realty

Address: 1140 Capital Circle SE, Suite #12, Tallahassee, FL, 32301

Office Phone: (850) 386-2001 x 142

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