Tallahassee MSA Single-Family Home Sales, Prices Up in August

The Florida Realtors August 2024 report on single-family sales activity in Florida shows there were 22,675 transactions, down 1.12% when compared to August 2023.

Year-to Date (YTD) numbers show that single – family sales transactions in Florida were down 1.7% eight months into 2024 when compared to last year.

On the pricing front, the August median sales price was $411,638, down 0.8% when compared to one year ago. The YTD numbers show a median sales price of $420,000, up 2.4%. 

The report shows that there were 330 August single-family sales in the Tallahassee MSA, up 1.9% when compared to last year. The median sales price was $320,000, down 0.7% from August 2023.

YTD numbers show there have been 2,479 single-family transactions in the Tallahassee MSA through August, down 3.1%. The median sales price during this period was up 2.1%, to $330,000.

From a state perspective, 11 of the 22 MSA’s reported an increase in August transactions when compared to one year ago. For YTD comparisons, seven MSA’s reported an increase in sales transactions. Those MSA’s were Cape Coral-Fort Myers (1.8%), Lakeland-Winter Haven (0.1%), Sarasota (1.4%), Ocala (3.2%), Punta Gorda (13.4%), Sebastiona-Vero Beach (0.5%) and The Villages (3.9%).

YTD median price comparisons through August, show price decreases in six MSA’s, Cape Coral-Fort Myers (-4.4%), Fort Walton Beach-Destin (-1.2%), Lakeland-Winter Haven (-0.1%), Sarasota (-1.0%), Panama City (-1.8%) and Punta Gorda (-2.5%).