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Average prices of homes in Tallahassee stay the same over last year

Average prices of homes in Tallahassee stay the same over the last year
Average prices of homes in Tallahassee stay the same over the last year
Posted at 6:07 PM, Sep 09, 2018
and last updated 2018-09-09 15:22:18-04

TALLAHASSEE, Fla. (WTXL) - Home prices are up around six percent a year across the country according to a Core Logic study, but that's not the case in Tallahassee. 

From July 2017 to July 2018, the average price of a house in the Capital City stayed the same, but the Tallahassee Board of Realtors says local homeowners shouldn't be worried.

"We don't see wild price swings one way or the other," said Will Shepard, President of Tallahassee Board of Realtors. "So we don't see the great spikes way up high or way down low."

When home prices go up, the big question is when to sell. Shepard says wait until you're ready. 

"What's going on in your life is far more important that what's going on in the market, so if it is not a good time for you to sell don't sell," said Shepard. "If it is and you have to sell then for goodness sake sell."  

According to Florida Realtors, the average home price in the Sunshine state jumped 5.7 percent from July 2017 to July 2018.

Shepard adds that the average home in Tallahassee is sold 32 days after hitting the market.