April Sales Report

The Florida Association of Realtors has just released the April Single-Family Resale Sales report. The Tallahassee Metro Area (TMA includes Leon, Wakulla, Franklin, Jefferson, and Gadsden counties) reported a decrease of 28% of number or sales compared to April 2008. While this may sound bad, the January and February decreases were close to 40% and last April had a 29% decrease compared to 2007. The worse number of sales decrease in the State was Gainesville Metro Area with a 40% decrease. On the other hand, TMA had the best Median Sales Price comparison in the entire State with a decrease of 4% followed by Gainesville and Pensacola's 9% decrease. Our median sales price in April was $182,000 and the State's average price was $138,500. The Tallahassee Metro Area median sales price is higher than that of the National average of $170,200 and a lot higher than the State's over-all average. Our values are continuing to hold better than most parts of the State.

Looking at Leon County in April 2009 the number of sales of 104 single family resale homes was 23% less than last April, the average sales price of $231,256 was 5.6% less and our median sales price of $185,750 was 6.6% less than for April 2008.

Don Pickett, Realtor, Coldwell Banker Hartung and Noblin, Inc., 850-591-4725, donpick@aol.com www.tallahassee-area-homes.com