Tallahassee Home Inventory Report July 2010

Posted by Joe Manausa on Wednesday, July 7th, 2010 at 8:56am.

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of July 5, 2010. Each area of Tallahassee (Leon County, Florida) is summarized with homes for sale, homes that have sold over the past 12 months, and finally the relative supply of homes for sale (measured in "months of supply").

Currently, there are more than 12 months of supply of homes on the market in Tallahassee. This will continue to put pressure on home prices until we see market inventories stabilize at the 6 months of supply level.

Leon County (All Areas)

Leon County (All) For Sale Sold Months of Supply
PRICE RANGE
All Area Totals
All New Resale
2653 149 2504
All New Resale
2598 240 2358
All New Resale
12.3 7.5 12.7
Northeast Leon County For Sale Sold Months of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
6 0 6
23 0 23
54 0 54
73 0 73
215 6 209
218 19 199
162 4 158
230 13 217
74 2 72
47 1 46
1102 45 1057
All New Resale
65 0 65
67 0 67
84 0 84
108 0 108
369 20 349
238 16 222
182 17 165
203 13 190
26 2 24
8 1 7
1350 69 1281
All New Resale
1.1 No Sales 1.1
4.1 No Sales 4.1
7.7 No Sales 7.7
8.1 No Sales 8.1
7.0 3.6 7.2
11.0 14.3 10.8
10.7 2.8 11.5
13.6 12.0 13.7
34.2 12.0 36.0
70.5 12.0 78.9
9.8 7.8 9.9
Northwest Leon County For Sale Sold Months of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
89 0 89
164 0 164
149 0 149
166 3 163
169 20 149
52 7 45
43 8 35
34 8 26
8 4 4
4 0 4
878 50 828
All New Resale
72 0 72
111 1 110
122 5 117
119 9 110
152 26 126
33 10 23
16 3 13
14 5 9
0 0 0
0 0 0
639 59 580
All New Resale
14.8 No Sales 14.8
17.7 0.0 17.9
14.7 0.0 15.3
16.7 4.0 17.8
13.3 9.2 14.2
18.9 8.4 23.5
32.3 32.0 32.3
29.1 19.2 34.7
No Sales No Sales No Sales
No Sales No Sales No Sales
16.5 10.2 17.1
Southeast Leon County For Sale Sold Months of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
46 0 46
36 1 35
46 0 46
67 8 59
79 11 68
33 2 31
26 4 22
36 2 34
3 0 3
3 0 3
375 28 347
All New Resale
41 0 41
28 0 28
53 0 53
97 16 81
106 29 77
49 19 30
40 9 31
31 4 27
5 0 5
0 0 0
450 77 373
All New Resale
13.5 No Sales 13.5
15.4 No Sales 15.0
10.4 No Sales 10.4
8.3 6.0 8.7
8.9 4.6 10.6
8.1 1.3 12.4
7.8 5.3 8.5
13.9 6.0 15.1
7.2 No Sales 7.2
No Sales No Sales No Sales
10.0 4.4 11.2
Southwest Leon County For Sale Sold Months of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
72 0 72
75 6 69
46 6 40
45 8 37
33 6 27
6 0 6
5 0 5
12 0 12
3 0 3
1 0 1
298 26 272
All New Resale
27 0 27
38 1 37
30 1 29
22 8 14
37 23 14
2 2 0
1 0 1
2 0 2
0 0 0
0 0 0
159 35 124
All New Resale
32.0 No Sales 32.0
23.7 72.0 22.4
18.4 72.0 16.6
24.5 12.0 31.7
10.7 3.1 23.1
36.0 0.0 No Sales
60.0 No Sales 60.0
72.0 No Sales 72.0
No Sales No Sales No Sales
No Sales No Sales No Sales
22.5 8.9 26.3
* Residential Properties including single family detached homes, condos, and townhouses ** Source: Tallahassee Board of REALTORS® Multiple Listing Service (Tallahassee MLS) *** Download a copy of this in .pdf format: Tallahassee Home Inventory Report July 2010

Joe Manausa, MBA is a 27 year veteran of real estate brokerage in Tallahassee, Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.

Leave a Comment