After 40 Months, Growth Returns To Housing Market

Something positive occurred in the Tallahassee real estate market during the month of October. It was long awaited, yet one month prior to my prediction made earlier this year, so I am very excited to report REAL PROOF of a housing market improvement in Tallahassee.

We finally put a halt to a run of year over year declines in home sales! Previously, the Tallahassee housing market experienced a 39 month run, from July 2006 through September 2009, of year over year home sales declines! October records show more home sales this year than October of last year (242 total home sales this year versus 241 home sales last year).

That’s right, we improved by 1 sale during this October versus last October. As paltry as that sounds, it is something the Tallahassee housing market has not experienced since June of 2006! As small as it is, we have just seen an improvement.

Year Over Year Home Sales Gain In Tallahassee

The real estate graph below shows a year-over-year comparison of Tallahassee home sales. Each month is compared with the same month from the year prior, and the percentage gain (or percentage loss) is recorded for each month. All single family detached homes, condominiums, and town houses sold and recorded in Leon County (arms length sales only) were used for this report.

[click here to see color graph of home sales]

Please click here to tweet this to your friends!