Realtors Maintain Market Share, Despite Decreasing Inventory

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

With a shortage of houses for sale in Tallahassee, we are experiencing a seller's market. Historically, this has resulted in more people trying to sell homes without the help of a Realtor due to demand being so high.

However, the percentage of houses sold involving a Realtor has stayed about the same over the past four years. Housing data reveals that from 2016 to 2019, Tallahassee Realtors are responsible for approximately 80% of all houses sold in our area.

Last year, Realtors were involved with selling an average of 355 of the 450 homes typically sold each month. This information is drawn from the Realtor Multiple Listing Service (MLS), which means that the percentage of homes sold involving Realtors is actually higher because not every home is entered into the MLS. For example, many new construction homes already have buyers lined up, so Realtors do not need to enter them in the MLS. However, there is still a Realtor involved with selling the new home.  

Why Home Sellers Use Realtors

In the past, we often saw the number of people selling houses without Realtors go up when selling conditions got better. Likewise, we typically see more people getting the assistance of Realtors to sell homes when market conditions favor buyers. 

Today, market conditions are favoring home sellers, particularly when they reach all interested home buyers, which requires massive marketing efforts. So, even with favorable conditions, people are teaming up with Realtors to make sure they generate multiple offers, allowing them to sell their house fast and for the most money possible.

Despite the fact that housing inventory is low for all of the highest demand price ranges in Tallahassee and we are still experiencing a strong seller’s market, more than 20% of houses are still failing to sell on the first attempt. Home sellers are realizing that it takes a strong marketing plan to ensure success and are using experienced local Realtors to get their home sold.

So, if you are a home seller looking to get top dollar for your house, work with a Realtor who is knowledgeable about pricing strategies and uses advanced multi-channel marketing strategies. With appropriate pricing and the right marketing plan, you’ll wind up with multiple offers on your Tallahassee home within a week or so of putting it up for sale!

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Florida Leon County Tallahassee
Tags:
how to sell a home
tallahassee real estate
homes for sale tallahassee
home selling company tallahassee
real estate tallahassee
joe manausa real estate

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,858,688
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope 2019 is a great year for you.

Apr 22, 2019 04:45 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,131,573

Joe Manausa

Tallahassee Real Estate
Looking for Tallahassee Real Estate?
*
*
*
*
Spam prevention

Additional Information