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Expect Inventory Shortage In Early 2020

The listing and sales numbers have been posted for November, and we are seeing the inventory tighten far more than we have all year.

We study the back and forth between the relative supply of homes (the supply of homes relative to the current rate of demand) to help us prepare both sellers and buyers for what they will face in the near future.

Currently, we are seeing the strongest sellers’ market since the beginning of 2018, and that experience taught us (continued in this week’s one-page special report).

Dec 2019

Download the December 2019 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.

Year To Date Home Sales Push Higher

Year to date home sales moved higher with a strong November that saw year over year home sales move 12% higher.

Currently, with more home sales remaining to be entered for November, the market is already up 2.1% for the year.

Take a look at this week’s one-page special report to see how 2019 compares to previous years, as well as our expectations for the market moving forward.

Yes, Size Matters In Real Estate

This week’s graph shows the change in the value of existing homes since 2003, segmented by home size.

The most active home size segments in the Tallahassee real estate resale market are shown above, starting at 1,000 square feet and working up to 3,500 square feet. While the overall market has appreciated 4.1% thus far in 2019, one home-size range has actually depreciated!

Find out how your home is doing in this week’s one-page special report.

Hottest Neighborhoods For Current Homebuyers

When it comes time to sell your home, it’s important to know what is going on in the market.

One very important piece of information is the activity in your specific area. The graph in this week’s special report shows the top-selling neighborhoods for existing homeowners (no new construction), with the total number of existing-home sales as well as the average sales price.

More than one of every five existing homes sold in Leon County came from the top 11 communities in our report.

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