Just a reminder that the Tallahassee Real Estate Newsletter shipped out to subscribers on Monday. If you haven’t taken the time (about 15 seconds) to subscribe, you can do so in the sidebar at the right.
The Tallahassee MLS is an excellent source of information when you want to compare supply with demand. We can pull a lot of useful information out of the MLS when we compare active listings and past home sales, but one of the most important trends that I like to follow is the “Relative Supply” trend. We use this to measure housing consumption, or the rate at which homes are being purchased.
The relative housing supply is the number of homes available, measured in months of supply, when compared to the previous years rate of sales. While we know that the actual supply of homes for sale in Tallahassee has been dropping, we need to also keep our eye on the relative supply. [click to continue…]
