Tallahassee Home Inventory Report February 2012

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of February 4, 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 Tallahassee FL

Real Estate Supply And Demand In Tallahassee Florida

Currently, there are over 10 months of supply of homes on the market in Tallahassee, but the relative supply grew last month, something that normally occurs this time of year when sellers re-emerge from the holiday season and enter/re-enter the market. 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 February 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   19 0 19 29 0 29 7.9 No Sales 7.9
$75,000 - $100,000   41 0 41 51 0 51 9.6 No Sales 9.6
$100,000 - $125,000   38 0 38 61 0 61 7.5 No Sales 7.5
$125,000 - $150,000   78 1 77 102 2 100 9.2 6.0 9.2
$150,000 - $200,000   184 0 184 297 3 294 7.4 0.0 7.5
$200,000 - $250,000   155 14 141 192 21 171 9.7 8.0 9.9
$250,000 - $300,000   101 15 86 128 23 105 9.5 7.8 9.8
$300,000 - $500,000   167 5 162 173 14 159 11.6 4.3 12.2
$500,000 - $750,000   33 0 33 30 1 29 13.2 0.0 13.7
$750,000 +     30 2 28 10 1 9 36.0 24.0 37.3
Totals 846 37 809 1073 65 1008 9.5 6.8 9.6
Northwest Leon County (Area 2)
$0 - $75,000   154 0 154 196 2 194 9.4 0.0 9.5
$75,000 - $100,000   110 0 110 105 0 105 12.6 No Sales 12.6
$100,000 - $125,000   74 0 74 98 0 98 9.1 No Sales 9.1
$125,000 - $150,000   80 1 79 72 3 69 13.3 4.0 13.7
$150,000 - $200,000   66 9 57 76 8 68 10.4 13.5 10.1
$200,000 - $250,000   19 1 18 23 2 21 9.9 6.0 10.3
$250,000 - $300,000   23 1 22 12 1 11 23.0 12.0 24.0
$300,000 - $500,000   17 1 16 13 2 11 15.7 6.0 17.5
$500,000 - $750,000   3 0 3 3 0 3 12.0 No Sales 12.0
$750,000 +     6 0 6 1 0 1 72.0 No Sales 72.0
Totals 552 13 539 599 18 581 11.1 8.7 11.1
SouthEast Leon County (Area 3)
$0 - $75,000   74 0 74 100 0 100 8.9 No Sales 8.9
$75,000 - $100,000   50 0 50 38 0 38 15.8 No Sales 15.8
$100,000 - $125,000   34 0 34 53 5 48 7.7 0.0 8.5
$125,000 - $150,000   44 4 40 45 7 38 11.7 6.9 12.6
$150,000 - $200,000   44 1 43 45 0 45 11.7 No Sales 11.5
$200,000 - $250,000   22 2 20 28 4 24 9.4 6.0 10.0
$250,000 - $300,000   20 2 18 29 14 15 8.3 1.7 14.4
$300,000 - $500,000   23 0 23 33 14 19 8.4 0.0 14.5
$500,000 - $750,000   6 0 6 9 1 8 8.0 0.0 9.0
$750,000 +     4 0 4 2 0 2 24.0 No Sales 24.0
Totals 321 9 312 382 45 337 10.1 2.4 11.1
Southwest Leon County (Area 4)
$0 - $75,000   58 0 58 88 0 88 7.9 No Sales 7.9
$75,000 - $100,000   49 8 41 28 3 25 21.0 32.0 19.7
$100,000 - $125,000   34 0 34 7 3 4 58.3 0.0 102.0
$125,000 - $150,000   11 0 11 8 2 6 16.5 0.0 22.0
$150,000 - $200,000   19 2 17 13 3 10 17.5 8.0 20.4
$200,000 - $250,000   4 0 4 1 0 1 48.0 No Sales 48.0
$250,000 - $300,000   7 0 7 2 0 2 42.0 No Sales 42.0
$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 +     1 0 1 0 0 0 No Sales No Sales No Sales
Totals 190 10 180 147 11 136 15.5 10.9 15.9
All Area Totals 1,909 69 1,840 2,201 139 2,062 10.4 6.0 10.7

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 February 2012

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