Tallahassee Real Estate Market Update With A Surprise In April 2012

Tallahassee FL - When we look Tallahassee sales history for the month of April there is a usual upswing in sales and the start of the selling season begins.
What has happen this April 2012 to the selling season in Tallahassee?  Instead of having a good start for the season home sales have declined and  more homes have entered the market in April.
Tallahassee has seen already in March an increase of home inventory and April follows the trend of more homes entering the market. Supply and Demand regulates prices on the market and Tallahassee has no rosy future ahead as the trend shows.
Active Homes for Sale on the Tallahassee  market: 3,653
Foreclosure and short sales still enter the Tallahassee market with heavily discounted prices and keeps prices in general down. To compete  in this market many home seller have to adjust there asking prices down ward.
The Tallahassee unemployment  rate which looks good at first view has fallen to 9.0% but still is higher as the national average at 8.1%. Not counted into the unemployment rates are the  many unemployed who have fallen out of the system and are no longer eligible for benefits but have not entered the work force again.
What does this mean for Tallahassee?
Tallahassee is in a roller coaster ride and need to ride it out. Home prices have still not stabilized and the pressure on housing prices from foreclosure and short sales will continue.
Mortgage rates have fallen to record lows but it seems those low rates have no great influence on Tallahassee home buyer and lenders still have a tide lending standard which doesn’t help the housing market.
One of the good news is that Fannie Mae and Freddie Mac have followed Bank of Americas new time line requirement for short sales which only let us hope that short sale supply will faster exit the market and should help so the market bottoms out.
We hope that this Tallahassee market report gives you a better understanding and useful information in your real estate business in Tallahassee.
Please call as at 850-364-3946 if we can provide you any additional information.



coded by nessus

Subscribe / Share

Article by Annett T. Block

Annett is a Real Estate Broker at Florida Connects, devoted mother and wife. Annett is a native of Germany and uses her extensive Real Estate knowledge and strategies, her ability to speak multiple languages to establish relations in the global real estate market. Along with her “out of the box” thinking Annett is responsible for exceptional Real Estate transactions.
Annett T. Block tagged this post with: , , , , , , , , Read 38 articles by



Florida Real Estate License
Consumer Notice
Our blog posts may contain links to affiliated systems and products. That means if you buy something from them we may get paid an affiliate commission.
Hide me
Show me
Build an optin email list in WordPress [Free Software]

Featuring Recent Posts WordPress Widget development by YD