The month of December saw a continuation of the slower sales for homes in the Tallahassee real estate market. Unit sales were very low for December, thus registering our 30th straight year-over-year drop (December 2008 vs. December 2007).
December is usually an average month because there are many buyers who want to get in their homes before the end of the year in order to take advantage of the Florida Homestead Tax savings. Unfortunately, this was not the case in 2008. Nor were new contracts as robust as we were hoping, leading me to expect that January will also be a tough month for the Tallahassee housing market. Year over year, December was down 26%.
Below are 16 different graphs which you can see in a larger format by clicking the link below them, which will demonstrate different aspects of Tallahassee real estate activity during the month of December. Additionally, we have provided a brief analysis of each real estate market graph in the larger format link. You can subscribe to our real estate newsletter (see box on right) for a detailed explanation of each of these real estate graphs in the next edition of the newsletter.
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