For those of you who like to carry a one-page summary of the current supply and demand report for Tallahassee housing, you can download this report from the right sidebar of the Tallahassee Real Estate Blog. It looks like the picture on the right and you only need to click the top link. Every month I post the updated report at this location.
Relative Home Supply Dropping!
As we have discussed often in the past, there exists a glut of homes for sale in Tallahassee. The Home Inventory Reports tell us not only how many homes are available (real home supply), but they also show home availability in terms of months of supply (relative home supply).
Both real and relative home supply dropped again during the month of October by just over 1/2 months of supply. Currently, Tallahassee has 13.7 months of supply of homes (more than double a market at equilibrium).
Buyers’ Market Continues In Tallahassee
This tells us that while still a very strong home buyers’ market, we are seeing improvement in the number of homes for sale in Tallahassee. [click for housing supply and demand graph…]
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6 Comments on Home Supplies Dropping - New Report Available For Download
We agree. Good Article. We learn a lot of new things from Active Rain blogs.
Joe, our inventory in St. Augustine is down also.
Joe-
This is good news!
Hey Ed & Celia, very efficient comment...verbatim what you wrote on previous blogs... I don't think commenting will do much for your business (just for points). Maybe I'm missing something.
Hey Ted, that's good news. I know Florida has been dealing with glut for over 4 years now, hopefully the rest of the State is doing the same.
Indeed, thanks Jim.