Inventory and contract activity in Capitol Cascades have picked up in this rolling three-month period. Active listings are up about one fifth from a year ago, while new listings have climbed roughly 39 percent year over year. At the same time, homes sold and pending sales have surged, with closed sales up more than 80 percent and contracts up about 60 percent compared with a year ago.
Pricing is moving differently, with values easing even as activity grows. The typical home value over this rolling period is down about 9 percent from a year earlier, and median list prices are lower by nearly 12 percent year over year, indicating sellers are adjusting expectations to meet buyers. Compared with the broader Tallahassee market, where prices have risen around 7 percent year over year, Capitol Cascades is offering relatively more price relief.
Market pace shows a mixed picture. Homes are taking longer to sell than last year, with median days on market near 70 in this rolling window, yet months of supply sits around 4.2, similar to the city overall and consistent with a moderate seller’s market. A smaller share of homes are selling above list price, and the average sale-to-list ratio is just under 97 percent, signaling buyers have a bit more room to negotiate than before. Whether you are buying or selling, Agent Pronto can connect you with a local agent who understands these shifting dynamics and can guide your next move.
