mls: How IDX And Syndication Play A Role In Selling A Home
- 11/22/11 01:09 AM
I read an informative article (interesting for those of us who need to market homes for sale on the internet for a living) by The Phoenix Real Estate Guy (a fellow real estate blogger) which explained the newest changes in policies by the MLS committee of the National Association of REALTORS®. While the purpose of his article was to demystify a significant change in how real estate franchisors were going to gain access to the listings in the MLS, it made me realize that our readers might learn some important points about how the Tallahassee MLS is used to sell a … (6 comments)
mls: Five Hidden Home Seller Resources Exposed
- 10/13/11 02:15 AM
Less than half of all people who have tried to sell a home in Tallahassee have succeeded over the past four years, and we actually monitor this trend and call it the home sales success rate. In looking at the 57% of failed home sellers over the past year, one thing that immediately stands out is that they failed to use all of the resources they had available when trying to sell their home. You see, just getting on the internet and into the Tallahassee MLS are not enough, you actually have to take advantage of every opportunity to attract a … (4 comments)
mls: 32% And Rising: Distressed Properties Rule The Housing Market
- 05/18/11 02:35 AM
Many people who are looking to buy a home in North Central Florida are looking at distressed properties due to the perceived discount that they will receive. While the discount is often due to the condition of the property, there are still some great opportunities when looking at foreclosures, bank owned properties (REO), and short sales in the Tallahassee MLS (which covers the North Central Florida region). When viewing the sales of homes from May 2010 through April 2011, we find that roughly 32% of the homes sold in the North Central Florida region were sold under a situation of distress, … (4 comments)
mls: Real Estate Supply And Demand Report Tampa, Florida
- 04/17/11 01:59 AM
The Greater Tampa real estate market continues to see positive movement in the relative supply of homes. Relative supply is measured in terms of months of supply when measured against the current rate of demand. The following graph shows that the Tampa MLS currently has about 8 months of supply, which is still a buyer’s market. Most real estate professionals identify a balanced market (a market at equilibrium) when the relative supply of homes for sale falls between 5 and 6 months.
In the real estate graph above, the one-year trend of home sales is shown in green, the current … (2 comments)
mls: Home Sales In Tallahassee Are Just Bumping Along
- 03/22/11 02:21 PM
Tallahassee traditionally sees about 10 closed sales per day, on average, posted in the MLS. Our graph below shows the one-year trend of closed home sales going back to 2002, and I have highlighted mid-March trends for the past four years.
Currently, closed sales in the MLS are fairly flat at just under 7 per day, and this is consistent with what we saw at this time during the previous two years. In 2007, the trend was falling fast, but in mid-March our one-year average daily closed home sales were double what they are today. They were 50% higher than … (2 comments)
mls: Graphs Are Windows Into The Real Estate Market
- 03/11/11 12:07 AM
You can learn a lot about the housing market when you study real estate graphs. The prudent investor knows that no singular graph portrays a complete picture of the market, and that is why the Tallahassee Real Estate Blog regularly tracks and publishes over 120 of these "windows" into the market. Today, we feature and review six of our most popular real estate graphs to find out the current view of the housing market in Tallahassee. Let me know if you are seeing any trend or activity that I fail to mention. Pending Home Sales Graph Recent activity in new contracts … (0 comments)
mls: What's The Deal With craigslist and Real Estate?
- 12/03/10 01:03 AM
The internet has made shopping for a home so much easier, and many web sites have emerged with some great tools for homebuyers. But I have to admit that I just don’t “get” craigslist when it comes to real estate. Craigslist is to real estate as 8 track tape is to quality recording, but amazingly home buyers are still using the service. All craigslist does is run an old-fashioned bulletin board style site where anybody can post homes for sale. As each new home hits the site, it pushes the previous listing downward. This not exactly what I would consider user-friendly. … (7 comments)
mls: Active Rain Members Epitomize Social Networking Success
- 12/24/09 02:27 AM
Real estate marketing has gone through many changes over the years. A great real estate broker has to know which sources are best so that his limited resources are not wasted. Today I will share with you a true success story on how the Tallahassee Real Estate Blog helped a Tallahassee homeowner sell their home in 30 days and buy a new one just north of Atlanta. The combination of internet marketing and active social networking resulted in a successful move that many others would envy. But to know why the use of the internet is so important, you should consider our real … (46 comments)
mls: Search For Homes Just Got Faster In Tallahassee
- 12/21/09 11:35 PM
We are working feverishly to bring our new Tallahassee Real Estate Web Site live. With several thousand pages and even more internal links, it is no small project. I am very excited about unveiling the site, so rather than wait until we are completed, I thought I would release a link to our temporary location so that our readers can play around with our new Tallahassee Property Search Tool. This tool is great because it is map based, it is fast, and there are some great “quick clicks” in the sidebar that allow the user to find homes fast. New Tallahassee … (0 comments)
mls: Another Housing Myth Revealed
- 07/29/09 10:05 PM
Today is a short post, inspired by a recent reader question, that allows us to pursue a “statistic” that many “real estate professionals” quote, but few truly understand. Today’s topic is about the relationship between the asking price and the selling price (sales price to list price ratio) of homes that have recently sold. While we will be utilizing information found in the Tallahassee Board Of REALTORS® Multiple Listing Service (Tallahassee MLS), I suspect my findings would be valid with information from any other MLS in the country. As you will see, our findings will much more subjective than objective. Tallahassee … (0 comments)
mls: How To Use The MLS To Determine Supply And Demand Dynamics
- 09/10/08 10:25 AM
The newest supply and demand information have been culled from the Tallahassee Board of Realtors Multiple Listing Service (MLS) and there are no real surprises for the month of August. Inventory levels are finally creeping down, but the trend for home sales is still dropping. Three Immediate Fixes For Tallahassee Housing Market As I have addressed numerous times in the past, we need to see a great reduction in the inventory of our homes before we will see this market turnaround. The three actions that could accelerate the recovery in the Tallahassee real estate market include: Discretionary buyers move back into … (0 comments)
I read an informative article (interesting for those of us who need to market homes for sale on the internet for a living) by The Phoenix Real Estate Guy (a fellow real estate blogger) which explained the newest changes in policies by the MLS committee of the National Association of REALTORS®. While the purpose of his article was to demystify a significant change in how real estate franchisors were going to gain access to the listings in the MLS, it made me realize that our readers might learn some important points about how the Tallahassee MLS is used to sell a … (6 comments)
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