November Year Over Year Home Sales Surge 33%

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

 

Tallahassee Real Estate Newsletter CoverI have been waiting nearly three and a half years to write a headline like that. With all the year-over-year declines that we faced (39 months in a row if you don’t remember), it sure is nice to see such an improvement.

The Tallahassee Real Estate Newsletter went out today … Did you receive it?

While we ended the negative trend in October, by a margin of a single home, the November jump is what we really have been waiting for. November of 2009 was up 33% over November of 2008.

Tallahassee Year Over Year Homes Sales Up 33%

Graph Of Year Over Year Home Sales Report In Tallahassee

Start Of A New Trend In Tallahassee Home Sales

Could it be the graph below shows what appears to be a bottom (finally) in the home sales market in Tallahassee. All of the short term trends that we monitor suggest that the bottom could be behind us.

Historical Daily Home Sales In Tallahassee

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Rainmaker
3,247,489
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Joe

The market in Tallahassee Florida is in full recovery and in moving in the right direction.

Good luck and success.

Lou Ludwig

Dec 21, 2009 01:50 AM #1
Rainer
6,568
Nick Johnson
West USA Realty Revelation - Phoenix, AZ

It's good to see Tallahassee spiking up, even if the possibility is only temporary.

I think it's a no brainer that certain pockets like Tallahassee are seeing this finally, other areas like Phoenix are having our own little pockets spruce up as well. Let's see where it takes us and make sure we're ready for whatever happens.

Dec 21, 2009 01:51 AM #2
Rainmaker
599,895
Jim Lee
RE/MAX Shoreline - Portsmouth, NH
Portsmouth NH Realtor, Portsmouth, NH

Yeah, our November 09 sales over November 08 'surged' 45% too but I'm not too sure that means a whole lot.

Still down huge over 2005-2007; those numbers may not be surpassed anytime soon.

I don't want to be a wet blanket but I think we need to remain realistic.

Dec 21, 2009 01:53 AM #3
Rainmaker
1,159,842
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

I hope so, thanks Lou.

Dec 24, 2009 03:10 AM #4
Rainmaker
1,159,842
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Nick. We're ready down here for "normal" to return.

Dec 24, 2009 03:10 AM #5
Rainmaker
1,159,842
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Very realistic Jim. I don't expect us (Tallahassee) to see numbers like 2005 to 2007 for a long-time, because it was an unrealistic pace for a market of our size. But I do believe we'll see 2004 numbers again within the next 5 years.

Dec 24, 2009 03:12 AM #6
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Rainmaker
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Joe Manausa

Tallahassee Real Estate
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