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Tallahassee Home Inventory Report January 2011

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of January 9, 2011. 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 just under 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. If you would like to receive a free monthly market update, just subscribe to the Tallahassee Real Estate Newsletter and it will be delivered to your email inbox each month.

Leon County (All Areas)

Leon County (All) For SaleSoldMonths of Supply
PRICE RANGE
All Area Totals
All New Resale
2213 117 2096
All New Resale
2238 197 2041
All New Resale
11.9 7.1 12.3
Northeast Leon County For SaleSoldMonths 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
13 0 13
28 0 28
65 0 65
85 0 85
210 3 207
145 15 130
120 6 114
175 11 164
48 0 48
38 1 37
927 36 891
All New Resale
21 0 21
56 0 56
72 0 72
85 0 85
294 8 286
201 24 177
156 20 136
185 11 174
32 1 31
8 1 7
1110 65 1045
All New Resale
7.4 No Sales 7.4
6.0 No Sales 6.0
10.8 No Sales 10.8
12.0 No Sales 12.0
8.6 4.5 8.7
8.4 7.5 8.8
9.2 3.6 10.1
11.4 12.0 11.3
18.0 0.0 18.6
57.0 12.0 63.4
10.0 6.6 10.2
Northwest Leon County For SaleSoldMonths 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
117 0 117
140 0 140
109 0 109
109 4 105
116 13 103
47 7 40
32 10 22
18 5 13
5 3 2
5 0 5
698 42 656
All New Resale
106 0 106
121 1 120
101 3 98
90 5 85
124 30 94
22 4 18
15 1 14
12 1 11
3 0 3
0 0 0
594 45 549
All New Resale
13.2 No Sales 13.2
13.9 0.0 14.0
13.0 0.0 13.3
14.5 9.6 14.8
11.2 5.2 13.1
25.6 21.0 26.7
25.6 120.0 18.9
18.0 60.0 14.2
20.0 No Sales 8.0
No Sales No Sales No Sales
14.1 11.2 14.3
Southeast Leon County For SaleSoldMonths 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
56 0 53
49 1 47
40 2 44
55 10 43
55 6 52
26 3 26
21 6 18
24 1 28
7 1 4
4 0 4
337 25 312
All New Resale
58 0 58
25 1 24
51 0 51
77 13 64
76 25 51
42 18 24
22 6 16
24 4 20
6 0 6
2 0 2
383 67 316
All New Resale
11.6 No Sales 11.6
23.5 12.0 24.0
9.4 No Sales 9.2
8.6 9.2 8.4
8.7 2.4 11.8
7.4 0.7 12.5
11.5 12.0 11.3
12.0 0.0 14.4
14.0 No Sales 12.0
24.0 No Sales 24.0
10.6 4.5 11.8
Southwest Leon County For SaleSoldMonths 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
78 0 78
56 4 52
53 4 49
24 5 19
13 1 12
3 0 3
13 0 13
8 0 8
1 0 1
2 0 2
251 14 237
All New Resale
55 0 55
31 1 30
27 3 24
14 5 9
17 9 8
4 2 2
1 0 1
2 0 2
0 0 0
0 0 0
151 20 131
All New Resale
17.0 No Sales 17.0
21.7 48.0 20.8
23.6 16.0 24.5
20.6 12.0 25.3
9.2 1.3 18.0
9.0 0.0 18.0
156.0 No Sales 156.0
48.0 No Sales 48.0
No Sales No Sales No Sales
No Sales No Sales No Sales
19.9 8.4 21.7

* 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 2011

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Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917