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Existing Home Prices Reach 9 Year High

Home prices and home values continue to push higher as the median existing home sales price is now the same in 2017 as it was for all of 2008.

This week’s special report provides historical context and determines what this means for appreciation in Tallahassee (what buyers and sellers can expect next year).

Tallahassee Home Sales: Rising or Falling?

The rate at which the housing market recovery is advancing has been slowing down over the past few months, and it raises a serious question about the near-term future for home sales.

Does Tallahassee have the demand (need) for homes, or has this market hit its stride?

This week’s one-page special report has the answer [See It RIGHT HERE].

Luxury Home Sellers To Decide: Stay! Or Go!

The term “luxury home” is relative to the real estate market in which you use it, and for Tallahassee I consider the top percentile of all homes, based upon sales price, to be part of the luxury home market.

Currently, just over 1% of the Tallahassee housing market sells at prices exceeding $600,000, and for the purpose of our report, we’ve prepared the graph above to show how the $600K+ market is performing over time.

Take a look at this week’s one-page special report and find out why luxury home sellers are faced with an important decision at this time.

October 2017

Download the October 2017 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.

Big 3 Dominate Tallahassee Market

While we track home sales for the entire Tallahassee real estate market, there are some neighborhoods that truly dominate the market and are worthy of additional study.

In fact, the graph in this week’s one-page special report was created to show the top selling neighborhoods in Tallahassee, while identifying those that are exceeding, meeting, and failing to meet expectations based upon recent performance figures.

Take 2 minutes to study this week’s report and you’ll understand where many of today’s buyers are heading (and what they are paying).

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