A recent report from the website Realtor.com points to a vibrant housing market in the Tallahassee area. But local realtors say they’re seeing a different picture.
The new Realtor.com report says the median time a Tallahassee area home had a "for sale" sign in its front yard during the first 2 months of this year was just under 56 days. That was the quickest home selling figure in the state. But, Tallahassee Board of Realtors CEO Steven Louchheim says his data isn't quite THAT optimistic.
"Days-on-market are the days for a the time a home from the time it's listed 'til the time it closes was sitting at about 83 days. Now that's up from last year at 72 days, but still under that 3-month time period."
Ninety-days-plus is considered a slow housing market. Perhaps of greater importance, says Louchheim, is the pricing of the local housing market.
"The latest stats we have are through February, 2026. And at that time, the median sale price for single family homes - and this is the Tallahassee MSA, so it's Leon, Wakulla, Gadsden, Jefferson counties - was $346,000."
He says that’s up by more than 6% from last year, even while housing prices in other Florida cities are dipping some. One factor pushing that increase, Loucheim says, may be the ever-growing number - and steep prices - of so-called "luxury student housing."
"So it does affect those townhomes or duplexes or even single-family homes in the student area."
Another factor he says is helping to keep local home prices up is the fact the area has a much lower housing supply than most other places in Florida.
"That months' supply is 3.4 months. About the same as it was last year. Most experts consider a balanced market at 5.5 to 6 months' supply. So while you're under 5.5 months, that's going to be a much tighter market than at 5.5 or a little over that."
A tighter market, he says, means ongoing upward pressure on prices.
