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Tallahassee Home Inventory Report January 2012

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

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.

Leon County Home Inventory Report
Residential Supply January 2012
For Sale Sold (Past 12 Months) Months of Supply
PRICE RANGE All New Resale All New Resale All New Resale
Northeast Leon County (Area 1)
$0 - $75,000 18 0 18 28 0 28 7.7 No Sales 7.7
$75,000 - $100,000 35 0 35 53 0 53 7.9 No Sales 7.9
$100,000 - $125,000 42 0 42 70 0 70 7.2 No Sales 7.2
$125,000 - $150,000 64 1 63 94 2 92 8.2 6.0 8.2
$150,000 - $200,000 168 0 168 290 3 287 7.0 0.0 7.0
$200,000 - $250,000 149 15 134 198 19 179 9.0 9.5 9.0
$250,000 - $300,000 97 15 82 124 19 105 9.4 9.5 9.4
$300,000 - $500,000 160 7 153 171 14 157 11.2 6.0 11.7
$500,000 - $750,000 36 0 36 29 1 28 14.9 0.0 15.4
$750,000 + 30 2 28 10 1 9 36.0 24.0 37.3
Totals 799 40 759 1067 59 1008 9.0 8.1 9.0
Northwest Leon County (Area 2)
$0 - $75,000 138 0 138 197 2 195 8.4 0.0 8.5
$75,000 - $100,000 113 0 113 110 0 110 12.3 No Sales 12.3
$100,000 - $125,000 76 0 76 101 0 101 9.0 No Sales 9.0
$125,000 - $150,000 76 1 75 72 4 68 12.7 3.0 13.2
$150,000 - $200,000 69 10 59 77 7 70 10.8 17.1 10.1
$200,000 - $250,000 22 2 20 23 2 21 11.5 12.0 11.4
$250,000 - $300,000 20 1 19 12 1 11 20.0 12.0 20.7
$300,000 - $500,000 22 1 21 13 2 11 20.3 6.0 22.9
$500,000 - $750,000 2 0 2 3 0 3 8.0 No Sales 8.0
$750,000 + 6 0 6 1 0 1 72.0 No Sales 72.0
Totals 544 15 529 609 18 591 10.7 10.0 10.7
SouthEast Leon County (Area 3)
$0 - $75,000 71 0 71 94 0 94 9.1 No Sales 9.1
$75,000 - $100,000 49 0 49 38 0 38 15.5 No Sales 15.5
$100,000 - $125,000 39 1 38 51 4 47 9.2 3.0 9.7
$125,000 - $150,000 38 4 34 47 7 40 9.7 6.9 10.2
$150,000 - $200,000 35 1 34 46 1 45 9.1 12.0 9.1
$200,000 - $250,000 17 1 16 27 4 23 7.6 3.0 8.3
$250,000 - $300,000 21 3 18 30 14 16 8.4 2.6 13.5
$300,000 - $500,000 21 0 21 34 14 20 7.4 0.0 12.6
$500,000 - $750,000 8 0 8 10 3 7 9.6 0.0 13.7
$750,000 + 4 0 4 2 0 2 24.0 No Sales 24.0
Totals 303 10 293 379 47 332 9.6 2.6 10.6
Southwest Leon County (Area 4)
$0 - $75,000 58 0 58 88 0 88 7.9 No Sales 7.9
$75,000 - $100,000 48 8 40 27 3 24 21.3 32.0 20.0
$100,000 - $125,000 32 0 32 6 3 3 64.0 0.0 128.0
$125,000 - $150,000 13 0 13 8 2 6 19.5 0.0 26.0
$150,000 - $200,000 19 2 17 11 3 8 20.7 8.0 25.5
$200,000 - $250,000 4 0 4 1 0 1 48.0 No Sales 48.0
$250,000 - $300,000 6 0 6 2 0 2 36.0 No Sales 36.0
$300,000 - $500,000 7 0 7 0 0 0 No Sales No Sales No Sales
$500,000 - $750,000 0 0 0 0 0 0 No Sales No Sales No Sales
$750,000 + 0 0 0 0 0 0 No Sales No Sales No Sales
Totals 187 10 177 143 11 132 15.7 10.9 16.1
All Area Totals 1,833 75 1,758 2,198 135 2,063 10.0 6.7 10.2
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. * 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

Discussion

#1 By Omni Chaparala at 7/11/2017 3:44 AM

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.

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