Tallahassee Real Estate Blog

As part of our Tallahassee real estate blog, we take a look at price trends.  One pronounced trend is the decline in prices for the lat summer months, and the continued increase in the number of price reductions. 

Realty Times reported Trulia.com figures that indicate record-high price reductions amount to more than $30.7 billion nationwide.  Trulia concluded that there has been "a continual and dramatic price reduction increase in many cities that began in June 2010."  

For Tallahassee real estate, this appears true, but maybe not as pronounced.  The median sale price for Tallahassee residential properties was $157,700 in April 2010, but continued to fall to $150,000 by October 2010.  About 50% of the properties that sold in October had been reduced in price before actually going under contract. The ratio of list price to selling price was 95% for October sales. 

So, if your thinking about purchasing a home, do some research in the market to see if the conditions are right for you.  We'd be happy to look for properties that fit you pricing needs, and we'd also be glad to help you find financing that fits your expectations.  Please call us at 850.329.0050.