Home Supplies Dropping - New Report Available For Download

By
Real Estate Agent with Century 21 Manausa and Associates BK3009719

 

Tallahassee Home Inventory Report Available For DownloadFor those of you who like to carry a one-page summary of the current supply and demand report for Tallahassee housing, you can download this report from the right sidebar of the Tallahassee Real Estate Blog. It looks like the picture on the right and you only need to click the top link. Every month I post the updated report at this location.

Relative Home Supply Dropping!

As we have discussed often in the past, there exists a glut of homes for sale in Tallahassee. The Home Inventory Reports tell us not only how many homes are available (real home supply), but they also show home availability in terms of months of supply (relative home supply).

Both real and relative home supply dropped again during the month of October by just over 1/2 months of supply. Currently, Tallahassee has 13.7 months of supply of homes (more than double a market at equilibrium).

Buyers’ Market Continues In Tallahassee

This tells us that while still a very strong home buyers’ market, we are seeing improvement in the number of homes for sale in Tallahassee. [click for housing supply and demand graph…]

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Joe Manausa, MBA
Century 21 Manausa & Associates

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Topic:
Real Estate Market Trends
Location:
Florida Leon County Tallahassee
Groups:
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Market Reports
Posts to Localism
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The Lounge at Active Rain
Tags:
home supply in tallahassee
housing consumption
relative housing supply
real home supply
supply and demand
real estate supply and demand

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Rainer
154,608
Ted Tyndall
FL Homes for Sale-Palencia, World Golf Village,Nocatee,St. Augustine
Davidson Realty Inc.

Joe, our inventory in St. Augustine is down also.

November 04, 2009 09:53 AM
Rainer
37,110
Jim & Cathy Wood Greater Nashville Area Real Estate
Crye-Leike Realtors, Inc.

Joe-

 

This is good news!

November 04, 2009 10:05 AM
Rainmaker
740,915
Joe Manausa
Tallahassee Real Estate
Century 21 Manausa and Associates

Hey Ed & Celia, very efficient comment...verbatim what you wrote on previous blogs... I don't think commenting will do much for your business (just for points). Maybe I'm missing something.

November 04, 2009 10:10 AM
Rainmaker
740,915
Joe Manausa
Tallahassee Real Estate
Century 21 Manausa and Associates

Hey Ted, that's good news. I know Florida has been dealing with glut for over 4 years now, hopefully the rest of the State is doing the same.

November 04, 2009 10:11 AM
Rainmaker
740,915
Joe Manausa
Tallahassee Real Estate
Century 21 Manausa and Associates

Indeed, thanks Jim.

November 04, 2009 10:11 AM
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Rainmaker
740,915

Joe Manausa

Tallahassee Real Estate
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