The Southwood Subdivision is the most active neighborhood in Tallahassee in terms of number of homes sold each year (according to the Tallahassee Board of REALTORs Multiple Listing Service (MLS)), so I like to look at it from time to time. So this morning I figured it was time.

Paralleling the rest of the Tallahassee housing market, Southwood is seeing reduced unit sales and dropping prices. Some of the largest price drops found in the Tallahassee MLS are for Southwood homes, mostly due to the abundance of supply as well as Southwood being a relatively new (ish) neighborhood. Home builders were dumping inventory, allowing buyers to buy a new home in Southwood cheaper than most of the resales on the market. This is not good if you are a Southwood homeowner.

 

Click Here To See Southwood In Color Graphs That Might Surprise You