We record both the median and the mean of home values each month in order to find trends that will help us forecast upcoming changes in the real estate market.
The difference between the median and the mean is called the skew, and by tracking the trend of the skew we can get a good idea of how far along the housing market recovery has progressed.
Well, change is coming. And you can see exactly what and when this change will occur by viewing our one-page special report.
If you have been looking for a home to buy in Tallahassee, you’re likely experiencing a highly competitive market and listings that do not stick around very long (unless you are shopping above $400,000).
Current inventory levels are very low in many areas and price ranges in Tallahassee, and buyers wonder when the next wave of sellers are going to be hitting the market.
Well, we’ve figured it out. Find out when the next wave of new sellers will hit the Tallahassee real estate market in this week’s one-page special report.
Home sales are down nearly three percent through February when compared to the same period last year.
The lack of available inventory in some areas and many price ranges is failing demand from a growing buyer pool.
Based upon what these preliminary results demonstrate, I think two key trends today will bear out all year long.
Discover these two key trends in this week’s one-page special report.
Home values are on the rise, and if you have not been paying attention, you might think that our whole market has gone nuts.
The sweet spot in the market is those homes that are priced below where builders can produce a new single family detached home.
When we measure fresh new listings on the market (ignoring those that have been listed for sale prior), we see a trend that strongly suggests that 2017 will see HUGE appreciation rates for certain homes in Tallahassee.
Check out this week’s one-page special report to discover what this trend is and which homes it will certainly impact.
Home values vary based upon supply and demand, and we can see a good example of soaring home values in the 32312 zip code in the graph in today’s report.
Because the supply of homes (below $400,000) is dropping, and the demand for these homes is on the rise. The current rate of value growth is the highest we have seen in the 32312 zip code at this time of year since 2006!
What does this mean for current homeowners in Tallahassee? Find out in this week’s one-page special report.
- Real Estate Supply And Demand
- Tallahassee Life! e-Newsletter
- Weekly Special Real Estate Report