The Tallahassee Area Stays Steady During Housing Slump

By: Blaine Tolison Email

Updated: Mon 11:48 PM, Feb 25, 2008

The National Association of Realtors says January existing home sales have slipped due to possible home buyers sitting on the sidelines. NAR experts say some home buyers are waiting for access to higher loan limits. Despite the decrease, Tallahassee Board of Realtors say January numbers in the local market are higher than before the housing boom.

Steven Louchheim with the Tallahassee Board of Realtors says, "Our boom started in 2003, from 2002 to 2003 we had a 30% increase in sales for January, so we're back to just a little bit over 2002 numbers before the boom."

The Florida Association of Realtors says last month, over six thousand existing homes were sold state-wide, compared to over nine thousand in January of 2007.

Although that is a dramatic drop, the Tallahassee Board of Realtors say our local area will most likely not see the "low lows" like other markets.

Give to Tornado Victims at Free Concert This Weekend

Comments are posted from viewers like you and do not always reflect the views of this station.

Today's Events

Saturday May 25

Click Here to Submit and View Events

Submit an Event

All events must be received two weeks before the event date and will be reviewed for consideration. Events cannot be reviewed unless all information is provided.

Event Name:

Event Date and Time:

Event Location:

Event Description:

Contact Info:

Email Address:

All fields are required! A valid email address is necessary if we need to follow up with you to get more details or verify any details of the event you have submitted.
All events are reviewed and subject to editing and verification. By submitting the form you agree to our Website Term of Use which can be read HERE.