Hi All,
I was looking at some numbers the other day, and decided to see how July 2008 compared to July '07. All the following information is for Single Family Residential Homes in the NE, NW, SE, and SW of Tallahassee and Leon County Florida.
First lets look at all of Tallahssee and Leon County for the first seven Months of 2008.
| Market Statistics All MLS | |||||||||||||||||||||||||||||||||
| Statistics for: Class=RS,MF,CO,LL,RN AND Type=DET AND Date Range=01/01/2008-08/31/2008 AND Area=01,02,03,04 AND Board=-1; As Of: 8/6/2008 | |||||||||||||||||||||||||||||||||
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The numbers are still down compared to 2007. The interesting thing is Listings are down from 4180 to the 3342. As Listings continue to drop, ther will be more of a balance to the Market.
Enough of year vs year, lets see how the Month of July compares!
July '08
| Market Statistics All MLS | |||||||||||||||||||||||||||||||||
| Statistics for: Class=RS,MF,CO,LL,RN AND Type=DET AND Date Range=07/01/2008-07/31/2008 AND Area=01,02,03,04 AND Board=-1; As Of: 8/6/2008 | |||||||||||||||||||||||||||||||||
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July '07
| Market Statistics All MLS | |||||||||||||||||||||||||||||||||
| Statistics for: Class=RS,MF,CO,LL,RN AND Type=DET AND Date Range=07/01/2007-07/31/2007 AND Area=01,02,03,04 AND Board=-1; As Of: 8/6/2008 | |||||||||||||||||||||||||||||||||
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It appears the Number of Listings are down, as well as average Sold Price. Sales/List Price ratio is pretty close, but Days on Market is up.
We will have to keep a close eye on the rest of the 3rd Quarter, 4th Quarter, and into 2009 before we will know if we are in any kind of a Housing Recovery in Tallahassee and Leon County. It will also be interesting to see how the Nov. Presidential Election will shape the start of 2009.
If you have any comment, questions, or observations, please feel free to pass them on.
I can be reached at 850.545.9317 or by email chris@bsbipartners.com
Until Next Time!
Chris
Christopher M. Chaback - 850.545.9317cell
Broker Associate, ABR, CRS 
BSBI Partners - Buy Sell Build Invest...Real Estate at its BEST
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