Tallahassee MSA Existing Home Sales Down 11.7% in September

The Florida Realtors September 2024 report on single-family sales activity in Florida shows there were 18,721 transactions, down 12.3% when compared to September 2023.

Year-to Date (YTD) numbers show that single – family sales transactions in Florida were down 2.8% nine months into 2024 when compared to last year.

On the pricing front, the September median sales price was $410,000 up 0.2% 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 287 September single-family sales in the Tallahassee MSA, down 11.7% when compared to last year. The median sales price was $310,000, up 1.5% from September 2023.

YTD numbers show there have been 2,766 single-family transactions in the Tallahassee MSA through September, down 4.3%. The median sales price during this period was up 1.9%, to $330,000.

From a state perspective, none of the 22 MSA’s reported an increase in September transactions when compared to one year ago. For YTD comparisons, four MSA’s reported an increase in sales transactions. Those MSA’s were Cape Coral-Fort Myers (0.6%), Ocala (1.9%), Punta Gorda (9.1%), and The Villages (0.8%).

YTD median price comparisons through August, show price decreases in six MSA’s, Cape Coral-Fort Myers (-4.7%), Fort Walton Beach-Destin (-1.2%), Lakeland-Winter Haven (-0.4%), Sarasota (-1.6%), Panama City (-1.1%) and Punta Gorda (-2.2%).