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Fact About the Real Estate in Tallahassee

Tallahassee is Florida’s capital and there are 171, 992 people that lives within the city according to the 2008 census. The Tallahassee is ranked number 113 as one of the biggest cities. In Tallahassee, the real estate market offers houses for people from different walks of life. There are 5 bedroom homes that is worth 4.9 million dollars or 3 bedrooms that is worth $225, 000 and everything that you might need in between.

The Tallahassee real estate market, for the last five years have sold at least 150 houses a month. For the last 2 years, the number of houses that were sold in Tallahassee reduced at around 65%.

Around 1900s, the real estate market never experienced fluctuation. If in case the market have maintained it stability, then the chances of selling around 9, 000 houses during the peak period would not be purchased by many. Based on the trend charts, the number of houses that are supposed to be sold is only around 6, 000 houses. This renders around 3, 000 homes that are not sold. Nowadays, merchants and traders are having a difficult time to get their houses sold than they were last year. There is only a percentage of 36% that has a big possibility of getting sold out of all the houses that are in the list.

At the present time, the market of Tallahassee has been declining and is already 60% below from where it was situated for the past years, and it is for the last 3 years, to be exact and some people would say that the market will improve after its recent decreases or declines and some people also do not agree to that idea. There are also prophecies that states that the year 2010 and 2011 will not be the best years to undertake house sales. But it hat also been forecaster that the year 2012 will be the year when the market will be able to fully bounce back. Meaning to say that the number of homes that will be sold in a period of 30 days will increase. However, the analysts are not certain if the real estate market has reached the bottom most yet.

These days, one thing that has been observed by many people is that the amount of houses that are for sale are decreasing. The number of houses that are being added in the inventory in the market are lesser than before. However, the marketing experts have a positive attitude towards this kind of experience.

At this moment, despite of the fact that the real estate market is having a challenging time to boost their sale, they are still trying their best to be able to bounce back. However, the domestic legislators are not helping them at all.
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