Tallahassee home values rise in 2016
Tallahassee home values rose during the first part of 2016, but the growth was weak and uneven. Looking at Freddie Mac's Home Price Index, growth in Tallahassee home values were weaker than in 2015, and actually experienced a decline from July 2015 through the spring of 2016. Is this a trend or just a short-term decline?
Tallahassee home values compared to national values
More concerning is the overall weak trend of growth in Tallahassee prices. While national values have almost reached pre-crisis levels, Tallahassee home values are still far below peak values. Based on the rate of increase, it may be 8 more years before Tallahassee reached these top values.