Tallahassee, FL housing market

In Tallahassee right now, sellers are asking about three hundred thirty-eight thousand dollars while the typical home is worth roughly two hundred eighty-nine thousand dollars, and that gap is telling the real story this month. Values are up only about 1.3 percent over the past year, basically flat. Meanwhile about 930 homes are sitting on the market, with 364 new listings arriving, and the typical home takes about 49 days to sell. Nearly one in six listings has already cut its price. Put it together and this is a market that rewards realistic pricing and punishes wishful thinking. Buyers have choices and time, and they are using both. If your home is priced above what the market supports, it sits, then it cuts, then it sells for what it should have listed at in the first place. For Tallahassee homeowners thinking about selling, the takeaway is simple. Price to today's flat market, not to last year's optimism, and you can still get a clean sale.