Daily Home Buyer Activity Bottomed, Heading Higher?

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

We have been monitoring the daily home sales in the Tallahassee MLS for many years now, watching first in shock as the numbers climbed to unprecedented levels, and then in horror as they fell well below anything we had every seen in over 20 years of tracking the Tallahassee housing market.

Daily Home Buyer Activity Seems To Have Stopped Falling

By tracking daily closed home sales, we can identify the unit home sales trends nearly to the day of a cycle change. This first real estate graph shows us the 365 day trend of daily home buyer activity.

Historic Daily Closed Home Sales In Tallahassee

Daily Home Buyer Activity Bottomed, Heading Higher?

In order to really see the change that has occurred in the daily home sales trend, we can look to the zoom of the graph above. The graph below shows daily home buyer activity for the past ten months.

[click to view graph of pending home sales in Tallahassee…]

 

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Rainer
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Marcia Hawken
WILLIAM RAVEIS - Naples, FL
Naples Luxury Specialist

Joe, We are certainly seeing more activity in Naples.  The phone has been ringing the past few weeks.  Mostly snowbirds who are flying down this fall to buy!  YES!!!  I  tend to be a bit of a Polyana, but I do think we are on the upturn.  :)

Sep 20, 2009 10:55 PM #1
Rainmaker
1,160,940
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Hey Marcia, that is great to hear. You can tell those snow birds they can come to Tallahassee if it gets too warm down there! :).

Sep 20, 2009 10:57 PM #2
Rainer
37,160
Jim & Cathy Wood Greater Nashville Area Real Estate
Crye-Leike Realtors, Inc. - Mount Juliet, TN

Joe-

 

Looks like your market topped out in July 2006?  Which would have been pendings from June 2006? Co-incidentily the peak of the market here in Nashville as well.

Thanks as always for your info.

Sep 21, 2009 07:34 AM #3
Rainmaker
1,160,940
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Jim, I suspect many markets around the country mirror this info. I wish I had my pending data going back that far...

Sep 21, 2009 10:33 PM #4
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Rainmaker
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Joe Manausa

Tallahassee Real Estate
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