What The MLS Tells Us About The Market

The MLS is chock full of information that Realtors should be tracking. We can tell what the market is doing, what is has done, and what it most likely will do in the future by paying attention to two main pieces of information:

1. Properties coming on to the market
2. Properties leaving the market

Inventory trends are so important that I track trends in the Tallahassee real estate market twice per week and post it on our Tallahassee Real Estate Web Site.

Now that another month has passed, it’s time for another update of our housing inventory in the Tallahassee Board of Realtors Multiple Listing Service (MLS) which covers homes in Leon County, Wakulla County, Gadsden County, Jefferson County, Franklin County and a category referred to as “Other Counties.”

Updated MLS Information

The purple line says it all. Inventories have hit the seventeen (17) months of supply range and look to continue climbing in the near future. Sales (green line) continue to trend down and supply (red line) is only beginning to drop.

More analysis is needed with this information as it is unwise to lump all these properties together. While each county shares similar market reactions, there is a distinct difference between beach properties and inland properties. I will do an in-depth analysis of each county in the coming weeks.

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Keep checking out the Tallahassee Real Estate Blog every day for updates that include charts, graphs, and analysis of the Tallahassee real estate market.

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Joe Manausa is a real estate investor and the Broker and Co-Owner of Century 21 First Realty. He can be reached via e-mail through the Tallahassee Real Estate Website or catch his latest writings on the Tallahassee Florida Real Estate Blog , or by calling (850) 386-2001.