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New Homes More Affordable In 2020

New construction homes are more affordable today than they have been since 2011.

Does this mean that new home construction is getting cheaper?

Take a look at what the numbers say in this week’s edition of our special report on Tallahassee real estate.

Do Home Values Change Today?

In recent reports, we have demonstrated that home values make the majority of their move in the second quarter of the year. Well, it’s time!

See when you’ll notice the change in home values and what you should do about it in this week’s one-page special report.

Feb Year Over Year Home Sales Decline

Year over year home sales fell 5% in February, the first declining month reported since July of last year.

Even with this minor drop, the housing market is strong and has started off with more home sales than all but two years in the past.

Take a look at this week’s special report, where I share the 3 keys to this year’s sales.

Where Have All The Sellers Gone?

The number of new listings entering the market is far too low to keep up with the current rate of demand for homes.

Buyers in this market must be ready to compete in a multiple-offer situation on the homes listed for sale below $400K (and even higher in Northeast Tallahassee). The graph in this week’s report shows the number of fresh new listings entering the MLS in January and February of each year.

Take a quick minute to read our report and you will find out how the year has started and what we can expect for the rest of 2020.

Mar 2020

Download the March 2020 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.

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About The Author


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