What percentage of the current Tallahassee real estate market do you think is made up of short sales and foreclosures? 10%? 20%? 50%?
Presently, there are 2702 active residential listings in the MLS for sale in Tallahassee. Of those, 178 (6.6%) are foreclosures and 418 (15.5%) are prospective short sales. So, in total, just over 1 in 5 (22.1%) of all the homes for sale in Leon County are "distressed" sales.
While that number may seem high, it represents only 1 in every 140 households that is affected by a short sale or foreclosure. And that is good news for our community.
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