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The Many Ways To View Real Estate Supply Levels
When we discuss supply in real estate, we need to look at it many ways. The real supply is the total number of homes on the market, while the relative supply is the amount of homes on the market compared with the current rate of demand (and reported as months of supply).
When we see 6.0 months of supply, we call this a balanced market or market equilibrium, and at this level sellers and buyers are competing on a level playing field. When the relative supply exceeds 6.0 months of supply, we refer to this as a buyer's market, where there are more sellers than buyers and there is pressure on prices.
When relative supply goes below 6.0 months of supply, we refer to this as a seller's market, as buyers now outnumber sellers. This is the environment that reveals scarcity, and prices rise.
So take a look at the current state of real estate supply and demand in Tallahassee in order to understand the changes that are happening and how property values will likely change this year.
Tallahassee Real Estate Supply And Demand The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market ... more

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