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What All This New Construction Is Doing To The Housing Market

The difference in cost between new construction and existing homes has reached a new high.

Right now, when comparing price per square foot of new homes sold to the same for existing homes, the difference is 54%.

So what are sky-rocketing prices for new homes doing for the still beleaguered resale market in Tallahassee?

Open this week’s special report for your answer!

Market Sends Strong Message To Home Sellers

Regardless of the changes in the Tallahassee housing market, one theme for home sellers is not changing.

Market your home correctly, from day 1, or you will leave money on the table.

The graph in this week’s special report shows the median time on the market for two different segments of home sellers (and you’ll certainly want to be in the first of these two segments when you decide to sell your home).

Record Supply Levels Lead To Poor Decisions From Buyers

The last time we saw the Tallahassee real estate market get crazy based upon inventory levels, we experienced a rash of poor decisions from homebuyers.

It seemed like anywhere any type of home was built, there were buyers waiting in line to snatch it off the market.

Today’s homebuyers need to take a lesson from that market of roughly 11 years ago in order to avoid the significant losses sustained by past buyers.

This week’s one-page special report shows a trend in the market that will likely lead to poor decisions from many of today’s homebuyers.

May 2017

Download the May 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.

Here’s A Zip Code That’s On Pace For 23% Appreciation In 2017

Home values are surging higher in much of the northern half of Leon County.

When we look at the east side of town, the 32317 zip code is enjoying an incredible surge in home values thus far in 2017.

Take a look at the graph in this week’s report and see what it means for the lucky homeowners in the 32317 zip code.

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