Mayor John Marks

Every month we look at supply and demand in the Tallahassee real estate market in order to determine the real changes that home sellers and home buyers are facing. It is not enough to know the inventory, we have to know the relative supply of homes for sale in Tallahassee . Relative supply is the number of homes for sale in Tallahassee expressed in terms of “months of supply” based upon the current rate of sales. Generally speaking, we want to see five to six months of supply of inventory...Read Full Story

The month of January saw a continuation of the slower sales for homes in the Tallahassee real estate market . Unit sales were very low even for January, with sales plummeting 46% compared to last January and Tallahassee registering our 31st straight year-over-year drop (January 2009 vs. January 2008). January is usually a very slow month for home sales in Tallahassee , as the holiday season in November and December keeps many away from buying (contracting to purchase) homes. Unfortunately...Read Full Story

Quite a bit has occurred in the past ten days. I pulled a few all-nighters this past weekend to change the way our real estate graphs will display, showing information going back as far as 1991 now in most of our displays. Simultaneously,  it appears our site got so bugged-up that we had to rebuild it. A few past blog articles were lost and all of them seem to have a new url (the address that people have to visit to view each specific article). With all this going on, I have been trying to...Read Full Story

With all the talk and commentary that the Tallahassee Real Estate Blog has focused on housing inventory, you would think that we would have dedicated quite a few articles on new construction in the Tallahassee real estate market . But the fact is, we have always included our permits and sales charts in our Monthly real estate market reports . So, why do I bring this up now? Because we have seen the average monthly single family permit activity drop to a level lower than at any time since I...Read Full Story

This morning, as I was looking at our traffic source reports for the Tallahassee Real Estate Web Site , I saw that a recent visitor found us through a Google Search. We get a lot of visitors from the search engines because of our thousands of pages of original real estate content (which of course is a major part of our marketing strategy at CENTURY 21 First Realty).  This morning, one inquisitive reader had the following question: do virtual tours really help sell listings...Read Full Story