Tallahassee, the state capital of Florida, has always been a hot spot for real estate. With its beautiful landscapes, thriving economy, and renowned universities, it's no surprise that people are flocking to this city to buy or sell properties. But what is the current state of the real estate market in Tallahassee? Let's take a look at the data.

Steady Growth in Home Prices

The median home price in Tallahassee has been steadily increasing over the past few years. According to the Tallahassee Board of Realtors, the median home price in 2018 was $214,900. In 2019, it rose to $225,000, and in 2020 it reached $245,000. This steady growth has been beneficial for both buyers and sellers. Sellers can expect a good return on their investment, while buyers can still find affordable properties compared to other cities in Florida.

Low Inventory, High Demand

One factor impacting the real estate market in Tallahassee is the low inventory of homes for sale. The inventory rate has been consistently lower than the national average, with only 2.4 months of supply in January 2021. This means that there are more buyers than available homes, driving up prices and creating intense competition in the market.

Increase in Sales

The demand for homes in Tallahassee is evident in the increase in sales. In 2020, there were 7,785 homes sold, compared to 7,267 in 2019, marking a 7.1% increase. This trend is expected to continue as more people are attracted to the city for its job opportunities, beautiful climate, and quality of life.

Why Choose Camille Duke of Jeep Girl Realty?

With such a competitive market, it's crucial to have a reliable and experienced realtor by your side. That's where Camille Duke of Jeep Girl Realty comes in. Camille has been a top-performing real estate agent in Tallahassee for over 14 years and has a deep understanding of the local market. She is dedicated to helping her clients find their dream homes or sell their properties quickly and at the best price.

Camille's knowledge, expertise, and exceptional customer service make her the go-to resource for buying and selling in the Tallahassee area. Her proficiency in using technology and data to analyze the market sets her apart from other realtors, giving her clients the advantage they need in this competitive market.

Whether you're a first-time homebuyer or an experienced investor, Camille Duke of Jeep Girl Realty is the best resource for all your real estate needs in Tallahassee, Florida.