Tallahassee Real Estate, Blog by Lisa Carey & Lesa Hart

Tallahassee Home Sales Up, Prices Down

December 22nd, 2011 1:31 PM by Lisa Carey & Lesa Hart

The good news is November home sales in Tallahassee were up by 25 percent. The bad news is sales pric­es were down 13 percent.

According to a story in today's Tallahassee Democrat, Tallahassee real estate transaction figures showed single-family home sales increases over year-ago figures and
giving Realtors some optimism heading into 2012.

The local market, consisting of Leon, Gadsden, Wakulla and Jef­ferson counties, had a total of 148 Realtor sales of detached single­family homes, up 25 percent from the 118 sales from November 2010, the Orlando-based trade associ­ation Florida Realtors reported We d n e s d a y.

Florida as a whole had 12,993 existing home sales for the month, up 11 percent from the 11,664 sales a year ago.

While the state’s median price of $130,100 was essentially unchanged from a year ago, the Tallahassee metro area’s median home price of $148,000 was down 13 percent from a year ago, when the median was $170,000. The median indicates that
half the sales were priced higher, the other half lower.
Posted in:General
Posted by Lisa Carey & Lesa Hart on December 22nd, 2011 1:31 PM

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