Tell Me You're Not Selling A Home Without This Report!

By
Real Estate Agent with Joe Manausa Real Estate 8508880888
http://actvra.in/Mw2

Long time readers of the Tallahassee Real Estate Blog know that I produce charts, graphs, and analysis of our local housing market, and most of those reports show information relating to what is selling.

But every month I also produce a Tallahassee Homes Supply and Demand Report, as it shows the relationship between what has been selling versus what is available at the time of the report.

Today's post shows some of the interesting trends occurring with the current inventory of homes for sale in Tallahassee.

Inventory Status For The Tallahassee Homes Market

There are three different status levels that at which homes can be listed. For example, the home is either "For Sale" or "Pending" or "Contingent." The latter two means the seller has executed a contract with a buyer, whereas the former means no contract exists for the property.

Inventory Status Tallahassee Homes Market

The two major trends that I see occurring are the decline in "For Sale" inventory and the decline in "Contingent" inventory. While the contingent inventory is up 22% over December of last year, it has been falling off since the summer peak. Could this be a sign of short sales clearing at faster levels? Time will tell.

Monitor The Tallahassee Homes Market

Tallahassee Homes Inventory ReportYou can download our monthly Tallahassee Homes Inventory Report (click image at left) to stay up to date on the relative supply of homes for sale in Tallahassee.

Our report segments the market by area and price range, then shows just how much competition there is for homeowners in each category.

It is important to understand the difference between real supply and relative supply to truly reveal current home value trends.

This is a "must have" report for somebody who is thinking of selling a home in Tallahassee or someone preparing to write an offer on a home here as well.

If you are thinking about making a move to or from the Tallahassee homes market, just drop me a note and we can schedule a time to help you build a winning strategy.

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Rainmaker
148,578
Randy Bocook
Keller Williams - Richmond Hill, GA
Selling Coastal Georgia

Essential information, good resource!

Dec 05, 2012 06:22 AM #1
Rainmaker
782,675
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Randy, I like to keep a copy handy.

Dec 05, 2012 06:23 AM #2
Rainmaker
711,232
Sharon Parisi
Keller Williams Dallas Premier Realty - Dallas, TX
Dallas Homes

Joe, Tallahassee buyers need to be ready to purchase when they see the house they want to purchase.

Dec 05, 2012 06:24 AM #3
Rainer
153,856
Steve Shelton
RE/MAX Tri-State 256-810-4786 - Florence, AL
REALTOR, Florence, AL homes

Good Job Joe. Way to highlight the advantage of using A REALTOR. Keep up the good work.

Dec 05, 2012 06:41 AM #4
Rainmaker
782,675
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

They sure do Sharon, thank you.

Dec 05, 2012 06:45 AM #5
Rainmaker
782,675
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Steve. Why some go it alone ... who knows.

Dec 05, 2012 06:45 AM #6
Ambassador
1,649,473
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

That "contingent" part is mostly associated with short sales waiting on approvals. .it seems to be in decline alongside your new inventory

Dec 05, 2012 07:21 AM #7
Rainmaker
782,675
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

I would think you're right Fernando. I'll be curious to see if they diverge when the spring market comes around.

Dec 05, 2012 07:31 AM #8
Rainmaker
515,586
Kevin J. May
Hobe Sound, FL

Joe, years ago we never would have thought to watch this trending so closely.  What's sold and what's available were the only questions we needed answered. 

Dec 05, 2012 09:50 AM #9
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Rainmaker
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Joe Manausa

Tallahassee Real Estate
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