The chart below shows the average number of days a Tallahassee single family home has on the market (DOM) before selling for each month over the last 37 months.
The DOM has been consistently declining since a high of 82 days was reported in November, 2018. The DOM reached a low of 22 in July 2021. The highlighted numbers in the chart refer to the DOM for the month of September over the last four years.
Also, the blue line shows the 3-month average of the DOM over the period. The DOM trend line to drops significantly beginning last spring, but has increased during the last two months. It will be interesting to see if the trend is impacting over the holiday season.