Southwood

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More Real Estate Shadow Inventory II

This is the 2nd blog post in my series on Measuring The Real Estate Shadow Inventory. As you might remember, we addressed the sources of supply in the “Shadow Inventory” of homes that need to be sold but are not currently on the market. Over the past several days, we have been compiling our results from the Tallahassee MLS and they are a bit disturbing.

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Southwood Home Buyers Starting To Find Value

Southwood home values continue to decline, but increased activity shows that buyers are starting to like what they see. While the current trend shows that monthly home sales are down nearly 40% from the peak of the market, Southwood is now up to averaging roughly seven arms length existing home sales per month.

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Tallahassee Neighborhoods Home Sales Report

A lot of people use our Tallahassee Neighborhoods page as a resource to find out what is going on and what is for sale in each subdivision in the Tallahassee real estate market. By tracking the traffic, we know that we have stumbled across a great feature for our site that our home buyers and home sellers are using quite a bit.

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Ignoring The Shadow Inventory Will Not Make It Go Away

The National Association of REALTORS® released its monthly spin on the market two days ago, and I am noticing a growing trend of careful omission that seems to extend from coast to coast. Apparently, everybody is just hoping the shadow inventory of homes is just going to go away.

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