38 Straight Declines In Tallahassee Home Sales

Last week, I reported that we had seen an uptick in the daily homes sales in the Tallahassee MLS, and we had seen a significant 5 week uptick in the pending sales in the Tallahassee MLS, so I was anxiously awaiting the sales data to see how we did in August versus 1 year ago.

If you have followed the Tallahassee Real Estate Blog for any period of time, then you know that we consider this the next major move in the market, year over year home sales improving. Unfortunately, August will not be the first month to show improvement, rather it will be the 38th consecutive month of declining year over year home sales in the Tallahassee housing market.

Year Over Year Home Sales Decline For 38th Consecutive Month

In the real estate graph below, each month is shown as a percentage change compared to its corresponding month from the year prior. This year, August is shown as 1.23% lower than August of 2008, making it the 38th consecutive month of declining home sales in Tallahassee. [click to see graph of year over year home sales…]