We have seen the number of homes sold in Leon County Florida continue to decline for three straight years, and this year we will see the prices begin to fall as well. Unlike many other parts of the country, Leon County has seen home prices remain fairly stable, even though unit sales have dropped more than 50%.
Average Home Prices Beginning To Drop In Leon County Florida
The graph above shows just how dramatic the drop in the number of homes sold in Leon County has been, and it shows how remarkably stable prices have been. But the writing is on the wall, and we’re seeing signs that prices are dropping now too.
For charts, graphs and analysis of the Tallahassee real estate market, please visit The Market Bulletin on the Tallahassee Real Estate Web Site.
