I was curious about how the current supply of homes for sale in Tallahassee would appear against demand for the past. If you follow the information on the Tallahassee Real Estate Blog, then you know that the current supply of homes in Tallahassee is a little over 12 months worth at current demand levels.
But graphing current supply against previous demand levels show that we are very near “normal” supply (Click Picture To Enlarge).
The red line in the graph above represents a balanced market at 6.0 months of supply. The blue vertical bars show that current supply would have been normal from 2003 through 2006, based upon the demand from those days…. oh, to get those demand levels back!
For more charts, graphs and analysis of the Tallahassee real estate market, please visit The Market Bulletin on the Tallahassee Real Estate Web Site.