The capital of Florida is Tallahassee and is home to 171, 992 residents says the 2008 census.
It is number 133 on the list of largest cities.
The real estate market has homes for everyone from the very rich on down.
You can find 4.
9 million, 5 bedroom homes or $225, 000 3 bedroom homes and everything in between.
For the last 5 years, the Tallahassee real estate enjoyed a period where over 150 homes were sold a month.
Over the past 2 years, the amount of homes sold in the Tallahassee went down almost 65%.
In the 1990s, real estate had a stable market.
If this stable trend had continued, 9, 000 homes that did sell during the boom period would not have been sold.
According to trend charts, only 6, 000 homes would have been sold.
This leaves a void of 3, 000 homes.
Sellers are having a hard time getting their homes sold now than they were a year ago.
Of all the homes listed, only 36% will be sold.
The current Tallahassee market is down 60% from where it was 3 years ago and some say the market is rebounding but most experts say, not quite yet.
Predictions state that 2010 and 2011 will not be the best years for home sales.
2012 is predicted to be the first year when the market will start the trend back up.
In the short term (about 30 days), more homes have been sold.
Experts are not sure if the bottom of the real estate market has been reached yet, though.
One thing that has been noticed is that the number of homes for sale has lowered.
More inventory is leaving than is coming onto the market.
Experts are optimistic about this.
Currently, the real estate market is still struggling but it is looking up.
Local lawmakers there are not making it any easier though.
They are having budget issues and are looking to raise property taxes by 15%.
The locals there are fighting it so it is yet to be seen what happens.
Tallahassee real estate, like the rest of the markets, will rebound.
It is hoped by all that is sooner, rather than later.