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Tallahassee Home Inventory Report February 2010

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of February 3, 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 11.9 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)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
All Area Totals 2355 140 2215 2384 248 2136 11.9 6.8 12.4

Northeast Leon County (Area 1)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 2 0 2 60 0 60 0.4 No Sales 0.4
$75,000 - $100,000 16 0 16 35 0 35 5.5 No Sales 5.5
$100,000 - $125,000 50 1 49 66 0 66 9.1 No Sales 8.9
$125,000 - $150,000 68 0 68 85 0 85 9.6 No Sales 9.6
$150,000 - $200,000 176 5 171 347 24 323 6.1 2.5 6.4
$200,000 - $250,000 181 10 171 238 18 220 9.1 6.7 9.3
$250,000 - $300,000 138 3 135 165 19 146 10.0 1.9 11.1
$300,000 - $500,000 209 13 196 170 17 153 14.8 9.2 15.4
$500,000 - $750,000 59 2 57 32 4 28 22.1 6.0 24.4
$750,000 + 43 2 41 13 1 12 39.7 24.0 41.0
Totals 910 40 870 1114 83 1031 9.8 5.8 10.1

Northwest Leon County (Area 2)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 66 0 66 65 0 65 12.2 No Sales 12.2
$75,000 - $100,000 149 0 149 81 2 79 22.1 0.0 22.6
$100,000 - $125,000 127 0 127 129 5 124 11.8 0.0 12.3
$125,000 - $150,000 159 3 156 141 15 126 13.5 2.4 14.9
$150,000 - $200,000 164 24 140 134 19 115 14.7 15.2 14.6
$200,000 - $250,000 48 4 44 34 12 22 16.9 4.0 24.0
$250,000 - $300,000 42 1 41 15 4 11 33.6 3.0 44.7
$300,000 - $500,000 28 7 21 17 8 9 19.8 10.5 28.0
$500,000 - $750,000 4 2 2 0 0 0 No Sales No Sales No Sales
$750,000 + 8 0 8 1 0 1 96.0 No Sales 96.0
Totals 795 41 754 617 65 552 15.5 7.6 16.4

Southeast Leon County (Area 3)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 38 0 38 22 0 22 20.7 No Sales 20.7
$75,000 - $100,000 36 1 35 28 0 28 15.4 No Sales 15.0
$100,000 - $125,000 51 1 50 38 0 38 16.1 No Sales 15.8
$125,000 - $150,000 68 10 58 77 14 63 10.6 8.6 11.0
$150,000 - $200,000 67 8 59 109 26 83 7.4 3.7 8.5
$200,000 - $250,000 40 10 30 49 8 41 9.8 15.0 8.8
$250,000 - $300,000 22 3 19 42 8 34 6.3 4.5 6.7
$300,000 - $500,000 26 0 26 35 12 23 8.9 0.0 13.6
$500,000 - $750,000 5 0 5 4 1 3 15.0 0.0 20.0
$750,000 + 2 0 2 0 0 0 No Sales No Sales No Sales
Totals 355 33 322 404 69 335 10.5 5.7 11.5

Southwest Leon County (Area 4)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 45 0 45 28 2 26 19.3 0.0 20.8
$75,000 - $100,000 56 3 53 32 0 32 21.0 No Sales 19.9
$100,000 - $125,000 74 11 63 28 2 26 31.7 66.0 29.1
$125,000 - $150,000 34 11 23 20 7 13 20.4 18.9 21.2
$150,000 - $200,000 27 4 23 33 20 13 9.8 2.4 21.2
$200,000 - $250,000 5 1 4 6 0 6 10.0 No Sales 8.0
$250,000 - $300,000 8 0 8 3 0 3 32.0 No Sales 32.0
$300,000 - $500,000 11 0 11 2 0 2 66.0 No Sales 66.0
$500,000 - $750,000 1 0 1 0 0 0 No Sales No Sales No Sales
$750,000 + 2 0 2 0 0 0 No Sales No Sales No Sales
Totals 263 30 233 152 31 121 20.8 11.6 23.1

You can download this Tallahassee Housing Supply And Demand Report Here

* Residential Properties including single family detached homes, condos, and townhouses

** Source: Tallahassee Board of REALTORS® Multiple Listing Service (Tallahassee MLS)

*** This and past reports can be downloaded from the Popular Real Estate Download Archives

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