Joe Manausa | Tallahassee Real Estate

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Pending home sales appear to be testing a new market bottom, as the rate of decline in homes under contract has crawled to a stop. This is very good news, as we cannot expect future home sales to rise if new sales contracts are on the decline. We measure these new sales contracts, which the indu...
Home sales are falling, just as we predicted each time we tracked the pending home sales information from the Tallahassee Board of REALTORS Multiple Listing Service. We knew if pending sales were falling, then closed home sales had to follow suit. Closed Home Sales Decline In Tallahassee Closed ...
Home Sellers are finding tougher market conditions as the home sales failure rate continues to climb towards 60%. What this means is that over the past 365 days, roughly 40% of the homes that were listed actually sold, while 60% failed to sell! Certainly not what home sellers were thinking when ...
Southwood home sales are reporting strong unit sales, though with 53% of the sales reported are new home construction, it might not be such good news if you already own a home in Southwood. You see, just like everywhere else in Tallahassee, the existing homes for sale in Southwood have too much ...
  Golden Eagle Plantation has been reviewed on this site as much or more than any other Tallahassee neighborhood. It is a solid barometer for how upper end homes are doing in Tallahassee and with me living in the neighborhood, the information that I review is far more than just data. Also, I got ...
Bull Run home sales have boomed over the past five years, as did many of the “boom” neighborhoods in Tallahassee. Located in a great northeast location, these executive homes have a lot to offer for many Tallahassee families. But this subdivision was “born” during the boom, so this brings on mor...
Buckhead home sales have weathered the market a little better than most neighborhoods in Tallahassee. With values down 26.4% since the peak of the market, valuations have dropped similarly to the rest of the Tallahassee housing market. But unit sales today are very much consistent with the avera...
Unfortunately, house prices will continue to fall for quite some time. The imbalance between housing supply and demand can only be cured by an increase in the number of people wanting to live in Tallahassee houses, not by shifting people from the leasing side of the market to the owning side of t...
Pricing a home to sell has always required a balance between science (looking at comparable sales and current competition) and art (determining the initial market positioning and key marketing features), but today it is more important than ever. With roughly 60% of all MLS-listed homes failing t...
Shadow Inventory was the hot topic for Inman News this morning. They reviewed a report by CoreLogic which showed the inventory of “not on the market” homes that need to be sold is growing at a disheartening pace, stating demand as the primary culprit: Weak demand for housing is “significantly in...


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