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Housing Market Cools In Second Quarter

Home sales in the second quarter fell versus the 2nd quarter of 2017, a clear sign that the housing market recovery is cooling off.

In fact, each of the past three months saw a slight decline over the same months in 2017, something that has not occurred since 2011.

So what’s going on in Tallahassee and who should be on alert for this latest trend in the housing market? Find out in this week’s special report.

 

Only The Wealthiest Get New Homes?

Are Leon County development costs and impact fees going to make it impossible for builders to deliver homes in Tallahassee to all but the most wealthy among us?

It certainly looks that way to me. The median new home price has surged above $300,000 and looks to be heading higher. And believe it or not, that figure is artificially low!

See how this is possible and what to expect in the housing market for the foreseeable future in this week’s special report.

Low Inventory Levels Continue To Decline

The inventory of homes for sale in Tallahassee has gone from too low to even lower.

Right now we are in a strong sellers’ market for many price ranges in different sectors of the Tallahassee real estate market, and more are heading to lower levels.

Take a look at what that means for home prices in the immediate future in this week’s one-page special report.

 

July 2018

Download the July 2018 supply and demand report for homes in Tallahassee, FL.

The four corners of the Tallahassee real estate market are segmented by price range and the current months’ of supply of homes for each quadrant and each price range are shown.

You can use this information to recognize home values and to prepare yourself to successfully negotiate your next transaction when you buy a home or sell a home in Tallahassee.

Median Home Price Sets New High

Home prices continue to push higher as low inventories and rising demand are allowing sellers to reap more equity from their homes.

The graph in this week’s special report reveals the median price of resale homes sold and reported in the Realtor MLS from 2003 through the end of June 2018.

Take a quick look at our one-page report to see what this could mean for Tallahassee and whether or not we are facing another housing bubble.

 

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