Home sales in Southwood in 2012 will record their second worst year since homes 2002.
As we head into the last week of the year in 2012, only 99 homes have sold and closed in Southwood.
Continued Depreciation In Southwood
Currently, there are 55 homes for sale in Southwood in the Tallahassee MLS, and distressed home sales are not out of control, posting a small decline in 2012.
Southwood Home values declined 1.8% in 2012, all the while new construction prices were on the rise. Will we finally see new construction die down in Southwood in 2013?
It is highly likely that we will see Southwood home values decline in 2013, as distressed properties for sale will have far less competition from new home sales.
We know there are plenty more to clear from the shadow inventory, only the pace at which they flow into the market will determine how fast the real estate recovery occurs.
>> Click For List Of Recent Southwood Home Sales <<
Comments(2)