Tallahassee Home Inventory Report January 2012
January 5, 2012
Written by: Joe Manausa, MBA
The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of January 5, 2012. 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”).
Tallahassee Real Estate Supply And Demand
Real Estate Supply And Demand In Tallahassee Florida
Currently, there are 10 months of supply of homes on the market in Tallahassee, and though the relative supply fell again last month, it was more due to seller’s who have not yet re-listed than it was for homes being sold. High levels of relative home supply will continue to put pressure on home prices until we see market inventories stabilize at the 6 months of supply level.
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Leon County Home Inventory Report |
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Residential Supply January 2012 |
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For Sale |
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Sold (Past 12 Months) |
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Months of Supply |
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PRICE RANGE |
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All |
New |
Resale |
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All |
New |
Resale |
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All |
New |
Resale |
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Northeast Leon County (Area 1) |
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$0 |
- |
$75,000 |
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18 |
0 |
18 |
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28 |
0 |
28 |
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7.7 |
No Sales |
7.7 |
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$75,000 |
- |
$100,000 |
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35 |
0 |
35 |
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53 |
0 |
53 |
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7.9 |
No Sales |
7.9 |
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$100,000 |
- |
$125,000 |
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42 |
0 |
42 |
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70 |
0 |
70 |
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7.2 |
No Sales |
7.2 |
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$125,000 |
- |
$150,000 |
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64 |
1 |
63 |
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94 |
2 |
92 |
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8.2 |
6.0 |
8.2 |
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$150,000 |
- |
$200,000 |
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168 |
0 |
168 |
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290 |
3 |
287 |
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7.0 |
0.0 |
7.0 |
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$200,000 |
- |
$250,000 |
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149 |
15 |
134 |
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198 |
19 |
179 |
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9.0 |
9.5 |
9.0 |
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$250,000 |
- |
$300,000 |
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97 |
15 |
82 |
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124 |
19 |
105 |
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9.4 |
9.5 |
9.4 |
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$300,000 |
- |
$500,000 |
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160 |
7 |
153 |
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171 |
14 |
157 |
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11.2 |
6.0 |
11.7 |
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$500,000 |
- |
$750,000 |
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36 |
0 |
36 |
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29 |
1 |
28 |
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14.9 |
0.0 |
15.4 |
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$750,000 |
+ |
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30 |
2 |
28 |
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10 |
1 |
9 |
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36.0 |
24.0 |
37.3 |
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Totals |
799 |
40 |
759 |
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1067 |
59 |
1008 |
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9.0 |
8.1 |
9.0 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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138 |
0 |
138 |
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197 |
2 |
195 |
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8.4 |
0.0 |
8.5 |
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$75,000 |
- |
$100,000 |
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113 |
0 |
113 |
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110 |
0 |
110 |
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12.3 |
No Sales |
12.3 |
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$100,000 |
- |
$125,000 |
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76 |
0 |
76 |
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101 |
0 |
101 |
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9.0 |
No Sales |
9.0 |
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$125,000 |
- |
$150,000 |
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76 |
1 |
75 |
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72 |
4 |
68 |
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12.7 |
3.0 |
13.2 |
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$150,000 |
- |
$200,000 |
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69 |
10 |
59 |
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77 |
7 |
70 |
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10.8 |
17.1 |
10.1 |
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$200,000 |
- |
$250,000 |
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22 |
2 |
20 |
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23 |
2 |
21 |
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11.5 |
12.0 |
11.4 |
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$250,000 |
- |
$300,000 |
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20 |
1 |
19 |
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12 |
1 |
11 |
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20.0 |
12.0 |
20.7 |
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$300,000 |
- |
$500,000 |
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22 |
1 |
21 |
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13 |
2 |
11 |
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20.3 |
6.0 |
22.9 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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3 |
0 |
3 |
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8.0 |
No Sales |
8.0 |
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$750,000 |
+ |
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6 |
0 |
6 |
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1 |
0 |
1 |
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72.0 |
No Sales |
72.0 |
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Totals |
544 |
15 |
529 |
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609 |
18 |
591 |
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10.7 |
10.0 |
10.7 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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71 |
0 |
71 |
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94 |
0 |
94 |
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9.1 |
No Sales |
9.1 |
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$75,000 |
- |
$100,000 |
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49 |
0 |
49 |
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38 |
0 |
38 |
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15.5 |
No Sales |
15.5 |
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$100,000 |
- |
$125,000 |
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39 |
1 |
38 |
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51 |
4 |
47 |
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9.2 |
3.0 |
9.7 |
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$125,000 |
- |
$150,000 |
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38 |
4 |
34 |
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47 |
7 |
40 |
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9.7 |
6.9 |
10.2 |
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$150,000 |
- |
$200,000 |
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35 |
1 |
34 |
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46 |
1 |
45 |
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9.1 |
12.0 |
9.1 |
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$200,000 |
- |
$250,000 |
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17 |
1 |
16 |
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27 |
4 |
23 |
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7.6 |
3.0 |
8.3 |
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$250,000 |
- |
$300,000 |
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21 |
3 |
18 |
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30 |
14 |
16 |
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8.4 |
2.6 |
13.5 |
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$300,000 |
- |
$500,000 |
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21 |
0 |
21 |
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34 |
14 |
20 |
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7.4 |
0.0 |
12.6 |
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$500,000 |
- |
$750,000 |
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8 |
0 |
8 |
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10 |
3 |
7 |
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9.6 |
0.0 |
13.7 |
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$750,000 |
+ |
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4 |
0 |
4 |
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2 |
0 |
2 |
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24.0 |
No Sales |
24.0 |
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Totals |
303 |
10 |
293 |
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379 |
47 |
332 |
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9.6 |
2.6 |
10.6 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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58 |
0 |
58 |
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88 |
0 |
88 |
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7.9 |
No Sales |
7.9 |
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$75,000 |
- |
$100,000 |
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48 |
8 |
40 |
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27 |
3 |
24 |
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21.3 |
32.0 |
20.0 |
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$100,000 |
- |
$125,000 |
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32 |
0 |
32 |
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6 |
3 |
3 |
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64.0 |
0.0 |
128.0 |
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$125,000 |
- |
$150,000 |
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13 |
0 |
13 |
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8 |
2 |
6 |
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19.5 |
0.0 |
26.0 |
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$150,000 |
- |
$200,000 |
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19 |
2 |
17 |
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11 |
3 |
8 |
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20.7 |
8.0 |
25.5 |
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$200,000 |
- |
$250,000 |
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4 |
0 |
4 |
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1 |
0 |
1 |
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48.0 |
No Sales |
48.0 |
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$250,000 |
- |
$300,000 |
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6 |
0 |
6 |
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2 |
0 |
2 |
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36.0 |
No Sales |
36.0 |
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$300,000 |
- |
$500,000 |
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7 |
0 |
7 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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$500,000 |
- |
$750,000 |
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0 |
0 |
0 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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$750,000 |
+ |
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0 |
0 |
0 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
187 |
10 |
177 |
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143 |
11 |
132 |
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15.7 |
10.9 |
16.1 |
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All Area Totals |
1,833 |
75 |
1,758 |
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2,198 |
135 |
2,063 |
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10.0 |
6.7 |
10.2 |
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* 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 January 2012
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Tallahassee Home Inventory Report January 2012
{ 1 comment… read it below or add one }
The inventory of homes has to fall for the prices to increase. The good news is that it is a buyers market with low interest rates and the home affordability numbers being good.