May 2018 Inventory vs Sales in Tallahassee

Leon County Inventory vs Sales –These are real numbers from our Tallahassee MLS.  In May of 2018, we had an inventory of 1,445 detached single family homes in Leon County vs 344 sales. –While we hear news that the market is getting better, it still can be a “challenging” market for sellers. –In order to

Homes are More Affordable in 44 out of 50 States

With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than

Home Sales Grow Despite Low Inventory

Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower than March 2017 levels,

House Prices: Simply a Matter of Supply & Demand

Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount of a commodity, product, or service available and the

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