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Price Range Analysis Shows Different Levels Of Housing Market Performance

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April 05, 2010 08:37 AM

A quick look at Tallahassee homes for sale by price range in Leon County shows that some of the market is improving, while other parts are seeing inventory levels start to pile up. After seeing the short-term housing inventory move from consumption to growth last month, it is wise to take a quick look at the long-term housing inventory trends.

The graph above is a bit busy, but it contains quite a lot of useful information for prospective sellers of Tallahassee homes and home buyers alike.

The graph shows the amount of supply of Tallahassee homes for sale in each price range in the Tallahassee housing market. If you have a home to sell, you can get a quick idea of how much competition that you will be facing when you look above and find your price range.

For example, Tallahassee homes priced below $75,000 have seen inventories more than double in the past year and a half, while owners of homes priced from $150,000 to $200,000 have seen their competition reduced by about 20%.

One has to remember that as prices continue to fall, homes that failed to sell in a higher price range will drop into the next range below, thus making for future competition in the lower price ranges. This coupled with the rise in distressed properties unfortunately ensures that we will struggle with depreciation for quite some time.

Tallahassee Real Estate Links

Do you want to know more about the Tallahassee real estate market? It is not as hard as you might think keeping up with the movements in the housing market, you just have to know where to look. The following are some of the best resources that you can find on real estate: