Tallahassee Homes: Market Report December 2011

Dear Clients, Colleagues and Peers,

Historically during the month of December the number of home sales slow down due to the holiday season.  This year December 2011 has been the second worst month after the month of December 2008.  As expected for the month of December the number of homes for sale on the market has decreases.

Compared to November Sales home sales in December have decreased by 14%.  Inventory of homes for sale active on the market has also increased by 7.5 %. This means more competition for homes on the market. The statistic includes all Tallahassee and surrounding areas.

-         3315 Homes are currently for sale

-         234 Homes sold in November

Our analysis is that the Tallahassee market is still a defined “Extreme Buyers Market” with nearly 14 months of inventory of homes for sale.  Home Inventory with over six month supply is considered a Buyers market.

In our opinion the Tallahassee market is still over priced and prices will continue to fall. A big factor and price pressure are homes in foreclosure, selling as short sale or bank owned properties.

The Tallahassee market is slowing, prices decreases and Foreclosure and short sales are up. The uncertainty when the Tallahassee market will return to a leveled market of supply and demand will hold buyers on the fence until they find the greatest deal possible.

Buying and selling in this market requires a deep understanding of the history and pressures in each area of town and each price band.  We hope this compressive Tallahassee Market Report with detailed information by price range; zip code and area help’s you make the best decision for you and your family.

It is our pleasure to give you the information you need to make extremely informed decisions.

Call us if we can provide you any additional information.

Download your December 2011 Market Report here