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Tallahassee Real Estate Market Stronger than Florida as a Whole

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

May results of Realtor Sales show that while the Tallahassee Market is down, it is performing stronger than most of the Florida Markets. While most markets are down strong, their median sales price has dropped as well. But that is not the case in Tallahassee, where the median price actually rose 1%.

Florida

Sales Report - May 2007
Single-Family, Existing Homes

 

 

Realtor Sales

Median Sales Price

Statewide &
Metropolitan Statistical Areas (MSAs)

 

May
2007

 

May
2006

 

%
Chge

 

May
2007

 

May
2006

 

%
Chge

STATEWIDE

12,607

19,072

-34

$237,000

$250,100

-5

STATEWIDE-YEAR-TO-DATE

58,292

81,199

-28

$237,000

$245,500

-3

 

Daytona Beach

 

          644

912

-29

$196,800

   $228,600

-14

 

Fort Lauderdale

 

574

862

-33

$367,700

   $379,800

-3

Fort Myers-Cape Coral

575

993

-42

$281,500

   $286,500

-2

 

Fort Pierce-Port St.
Lucie

 

315

519

-39

$228,500

   $252,300

-9

 

Fort Walton Beach

 

242

309

-22

$219,700

$231,700

-5

 

Gainesville

 

299

332

-10

$219,100

$207,500

6

 

Jacksonville

 

1,258

1,732

-27

$207,500

$208,700

-1

Lakeland-Winter Haven

338

524

-35

$171,000

  $177,900

-4

 

Melbourne-Titusville-Palm

 

Bay

 

 

483

651

-26

$190,400

  $227,400

-16

 

Miami

 

494

875

-44

$401,100

$379,700

6

 

Naples-Marco

Island

 

* (1)

 

37

29

28

   $536,200

  $531,000

1

 

Ocala

 

233

465

-50

   $172,900

$171,500

1

 

Orlando

 

1,729

2,898

-40

$252,700

$267,000

-5

 

Panama City

 

158

       144

10

$209,700

$222,600

-6

 

Pensacola

 

401

589

-32

$170,000

$170,600

-

Punta Gorda

235

387

-39

$186,900

$213,400

-12

Sarasota-Bradenton

772

834

  -7

$294,700

$322,600

-9

 

Tallahassee

 

406

523

-22

$174,900

$172,600

     1

Tampa-St.

Petersburg

-

Clearwater

(2)

 

2,241

3,891

-42

  $209,300

$226,300

-8

West Palm Beach-Boca Raton

741

982

-25

$387,800

$391,000

-1

•1.    *Data is only from the Marco Island Association of Realtors; data from the Naples Area Board of Realtors and Association of Real Estate Professionals is not included.

•2.    Data from the Hernando County Association of Realtors now included in the totals from 2006 and 2007.

Editor's note:Sales numbers represent totals of Realtors' closed transactions from local Realtor boards/associations within the MSAs.

This information is based on a survey of MLS sales levels from

Florida's Realtor boards/associations. MSAs are defined by the 2000 Census. Source: FloridaAssociation of Realtors and the University of Florida Real Estate Research Center.

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

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