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Home Sellers Are Asking For More

The median asking price and median asking value of fresh new listings hitting the market continues to rise, motivated by the inventory shortage seen for homes priced below $500K in Tallahassee.

What does this mean for buyers? Are we going to see home sellers cool it down by year’s end?

To find out, just take a moment to read this week’s one-page special report.

Aug 2019

Download the August 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.

Is There A High School That You Favor?

If there is a certain public high school that you would like your children to attend, then the graph in this week’s special report will give you an idea of what it takes and how active the market is within each school zone.

The amount of homes selling in each zone is quite similar, but the price that you will pay varies greatly.

Find out what it takes to get your child into the highschool of your choice below.

Values Always Spike In The 2nd Quarter

Since 2015, an interesting trend has been dominating home value change in Tallahassee.

This year, the average home value rose more than 5% in the 2nd quarter when compared to the 1st quarter, a huge rise.

But when we look back at previous years, we see a similar thing occurring. So what is making the 2nd quarter of each year so impactful?

I share a few thoughts in this week’s one-page special report.

Median Cost Of New Homes Soars

Why should you own a home? Just look at the rising cost of new construction for a hint.

In 2003, the median cost of a new home was $103 per square foot, 16 years later, the cost is $173/sqft, an annual increase of 3.27% per year.

Take a look at what it is likely to be in 16 years and what that will mean for homeownership in this week’s special report.

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