Back in July, I wrote a blog about what has happened to the 3000 square foot house. The article sprung from a question that we received when doing work in the relocation industry (corporate moves and affinity relationships). Since it has been several months since I wrote that article, I figured a follow-up would make a great basis for a real estate blog for Tallahassee housing.
The last article showed what was happening, by price range, to homes that were sold in Tallahassee. While it showed that housing prices had declined slightly, it also provided a clearer picture of the market. I figured we could take a look at homes +/- 10% in size from 3,000 square feet and then graph the sales over the past six months (and beyond). Here is the graph of 3000 square foot homes in Tallahassee from the Tallahassee Board of Realtors Multiple Listing Service (MLS):
We have seen a continuation of the fall of prices in the 3,000 square foot home range. Tomorrow, I’ll show you how the rest of the price ranges have performed.
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