I wrote a blog article last year about predicting future home sales based upon a correlation between population growth and home sales. I was/am trying to create a model that should demonstrate, over time, the amount of sales we should expect in the Tallahassee real estate market. Today I am going to update that model with new information.

I want to invite your feedback, criticism, support or arguments in any capacity to help move this model forward. I suspect that with enough feedback, we might be able to build a workable model that should identify future home sales to a fairly accurate degree. So please, use the “Leave A Reply” section at the end of this post and give us some feedback!

The real shocker that this model is showing is that 2008 was not the bottom. As a matter of fact, it is showing that 2009 might not be the bottom either! Shocking, but see Why 2009 might not reach bottom!