If you’ve been sitting on the fence about whether to invest in a Tallahassee home for sale, then have we got some valuable news for you!
According to recent market data, now is an excellent time to invest in real estate in Tallahassee. After all, interest rates are still historically low and there’s plenty of good housing inventory available.
Continue reading to learn more about these recent trends and how they may benefit you as a prospective home buyer.
Recent Tallahassee Real Estate Activity Favoring Home Buyers
According to a recent article I was reading, interest rates fell in October to their lowest rates since June 2013. This followed a steady increase for the last year.
Meanwhile, new rules proposed will allow people to purchase homes with down payments as low as 3 percent. That’s incredible!
Experts are saying that these two factors are creating the perfect conditions for purchasing a new home.
Here are some other recent trends that appear to be favoring home buyers:
- The Dow Jones U.S. home construction index increased 4 percent in 2014.
This increase came after the index nearly doubled between January 2012 and January 2014.
In Tallahassee, the median sales price for homes for August to November was $155,250 based on 688 home sales.
Compared to that same period last year, the median home sales price in Tallahassee has decreased 3 percent, or $4,750.
In all, there are more than 2,000 homes that are currently for sale in Tallahassee, giving home buyers a wide array of properties to choose from.
We Can Help Make Your Tallahassee Home Buying Dream A Reality!
All of this encouraging news has elevated home buyer optimism. This is causing more home buyers to enter the market, even during the traditionally “slow” seasons like winter.
If you’re one of those prospective home buyers who is ready to take advantage of this favorable market activity in Tallahassee, then please contact me, Michael Ferrell, and my team of dedicated real estate experts.
We would love to take the time to learn what you’re looking for in a house and then help you find your dream home right here in Tallahassee! We’ll start by telling you about all of the available listings on the market.
Until next time,