Since we have entered a new year (and a new decade), it’s time to take a look at the state of the Tallahassee housing market as it stands right now. I think the mode for 2010 will be “Improvement” as many of our real estate trends are moving upwards.
The key for 2010 is finding out whether the improvements that we saw at the end of 2009 were (as one reader put it) a “dead cat bounce,” or if in fact the recovery cycle has begun. 2010 will provide an answer to that question. So, what do our current real estate trend reports show …
Home Sales Success Rates On The Rise
One exciting trend is that our sales success trend (the total number of homes sold divided by the total number of homes listed, over the past 365 days) is rising! When we look at the real estate graph below, we see that the one year trend is over 42%, which is the highest point on the graph.
