Local Home Sales Slow in October, But Healthy Annual Pace Continues


The graph below shows the annualized sales of single-family homes  in Leon county over the last 12 months.

The latest information for October continues to show that the resale market is slowing a bit when compared to the significant increases experienced in the first part of the year.

However, the current annual rate of single-family home sales, which is 2,887 units, is still on pace for a double digit increase over the previous year.

There were 261 single-family homes sold in September. That number fell by 30% to 200 units in October.

As we have previously reported, if the current trend continues for the next three months, 2015 will be the third year in a row that single-family home sales has increased by double digits.

Single family home sales increased by 17.8% in 2013, 12.8% in 2014 and are projected to increase by approximately 17% in 2015.

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The graph below shows the annualized average sales price  of single-family homes  in Leon county over the last 12 months.

The last 12 months have seen an approximate 5.0% increase in the average sales price of single-family homes.

This increase comes after a 3% increase in 2014 and a 4% increase in 2013.

The average sales price of a single-family home in 2013 was $201, 000. Based on the most recent three months of information, the average sales price of a single-family home in Leon county is approximately $220,000.

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