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How Good Were Sales In 2020?

So just how good was the housing market in 2020?

The graph in this week’s special report tells us everything we need in order to answer the question.

It ranks each home price segment from 1 to 18 based upon how well 2020 performed (with a rank of “1” if 2020 had the most home sales down to “18” if 2020 had the fewest number of homes sold of all 18 years). Will you be surprised to see the 2020 results?

New Supply Short Of Current Demand

The incoming supply of homes for sale last year fell woefully short of the demand for them, thus we’re starting off 2021 short. Just how low is the supply?

When we look at the supply of homes for sale, relative to the current rate of demand, we are sitting on all-time lows in many areas and price ranges.

So how did we get here? What do we need to do next? Find out in this week’s edition of our Real Estate Special Report.

Just How Healthy Is Tallahassee Housing?

How healthy is the Tallahassee real estate market? Well, that question is far too broad to answer in a quick-hitting one-page report, but we can learn about market health by examining foreclosure sales.

For example, if the majority of home sales are distressed properties, one could conclude that the market is unhealthy (people are losing their homes at a high rate). On the other hand, if foreclosure sales are few, one could argue that the market is doing well.

The graph in this week’s one-page special report examines the active inventory of homes for sale since 2010 and tells us much about the health of the real estate market in Tallahassee.

2020 Finishes With A Bang

Though there are more home sales yet to be posted for 2020, the numbers now in the MLS show that 2020 recorded 2% more homes sold than we saw in 2019.

This means that 2020 ranks as the fourth-best year on record for home sales, despite a global epidemic!

Find out how that compares with our pre-year forecast and what we expect to see in 2021 in this year’s first one-page special report.

January 2021

Download the January 2021 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’ 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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