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 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.
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Leon County Home Inventory Report |
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Residential Supply February 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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19 |
0 |
19 |
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29 |
0 |
29 |
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7.9 |
No Sales |
7.9 |
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$75,000 |
- |
$100,000 |
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41 |
0 |
41 |
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51 |
0 |
51 |
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9.6 |
No Sales |
9.6 |
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$100,000 |
- |
$125,000 |
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38 |
0 |
38 |
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61 |
0 |
61 |
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7.5 |
No Sales |
7.5 |
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$125,000 |
- |
$150,000 |
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78 |
1 |
77 |
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102 |
2 |
100 |
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9.2 |
6.0 |
9.2 |
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$150,000 |
- |
$200,000 |
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184 |
0 |
184 |
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297 |
3 |
294 |
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7.4 |
0.0 |
7.5 |
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$200,000 |
- |
$250,000 |
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155 |
14 |
141 |
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192 |
21 |
171 |
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9.7 |
8.0 |
9.9 |
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$250,000 |
- |
$300,000 |
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101 |
15 |
86 |
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128 |
23 |
105 |
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9.5 |
7.8 |
9.8 |
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$300,000 |
- |
$500,000 |
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167 |
5 |
162 |
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173 |
14 |
159 |
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11.6 |
4.3 |
12.2 |
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$500,000 |
- |
$750,000 |
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33 |
0 |
33 |
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30 |
1 |
29 |
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13.2 |
0.0 |
13.7 |
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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 |
846 |
37 |
809 |
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1073 |
65 |
1008 |
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9.5 |
6.8 |
9.6 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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154 |
0 |
154 |
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196 |
2 |
194 |
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9.4 |
0.0 |
9.5 |
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$75,000 |
- |
$100,000 |
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110 |
0 |
110 |
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105 |
0 |
105 |
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12.6 |
No Sales |
12.6 |
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$100,000 |
- |
$125,000 |
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74 |
0 |
74 |
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98 |
0 |
98 |
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9.1 |
No Sales |
9.1 |
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$125,000 |
- |
$150,000 |
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80 |
1 |
79 |
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72 |
3 |
69 |
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13.3 |
4.0 |
13.7 |
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$150,000 |
- |
$200,000 |
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66 |
9 |
57 |
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76 |
8 |
68 |
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10.4 |
13.5 |
10.1 |
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$200,000 |
- |
$250,000 |
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19 |
1 |
18 |
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23 |
2 |
21 |
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9.9 |
6.0 |
10.3 |
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$250,000 |
- |
$300,000 |
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23 |
1 |
22 |
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12 |
1 |
11 |
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23.0 |
12.0 |
24.0 |
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$300,000 |
- |
$500,000 |
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17 |
1 |
16 |
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13 |
2 |
11 |
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15.7 |
6.0 |
17.5 |
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$500,000 |
- |
$750,000 |
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3 |
0 |
3 |
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3 |
0 |
3 |
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12.0 |
No Sales |
12.0 |
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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 |
552 |
13 |
539 |
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599 |
18 |
581 |
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11.1 |
8.7 |
11.1 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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74 |
0 |
74 |
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100 |
0 |
100 |
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8.9 |
No Sales |
8.9 |
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$75,000 |
- |
$100,000 |
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50 |
0 |
50 |
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38 |
0 |
38 |
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15.8 |
No Sales |
15.8 |
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$100,000 |
- |
$125,000 |
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34 |
0 |
34 |
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53 |
5 |
48 |
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7.7 |
0.0 |
8.5 |
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$125,000 |
- |
$150,000 |
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44 |
4 |
40 |
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45 |
7 |
38 |
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11.7 |
6.9 |
12.6 |
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$150,000 |
- |
$200,000 |
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44 |
1 |
43 |
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45 |
0 |
45 |
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11.7 |
No Sales |
11.5 |
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$200,000 |
- |
$250,000 |
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22 |
2 |
20 |
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28 |
4 |
24 |
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9.4 |
6.0 |
10.0 |
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$250,000 |
- |
$300,000 |
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20 |
2 |
18 |
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29 |
14 |
15 |
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8.3 |
1.7 |
14.4 |
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$300,000 |
- |
$500,000 |
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23 |
0 |
23 |
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33 |
14 |
19 |
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8.4 |
0.0 |
14.5 |
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$500,000 |
- |
$750,000 |
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6 |
0 |
6 |
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9 |
1 |
8 |
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8.0 |
0.0 |
9.0 |
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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 |
321 |
9 |
312 |
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382 |
45 |
337 |
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10.1 |
2.4 |
11.1 |
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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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49 |
8 |
41 |
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28 |
3 |
25 |
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21.0 |
32.0 |
19.7 |
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$100,000 |
- |
$125,000 |
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34 |
0 |
34 |
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7 |
3 |
4 |
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58.3 |
0.0 |
102.0 |
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$125,000 |
- |
$150,000 |
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11 |
0 |
11 |
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8 |
2 |
6 |
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16.5 |
0.0 |
22.0 |
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$150,000 |
- |
$200,000 |
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19 |
2 |
17 |
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13 |
3 |
10 |
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17.5 |
8.0 |
20.4 |
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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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7 |
0 |
7 |
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2 |
0 |
2 |
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42.0 |
No Sales |
42.0 |
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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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1 |
0 |
1 |
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0 |
0 |
0 |
|
No Sales |
No Sales |
No Sales |
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Totals |
190 |
10 |
180 |
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147 |
11 |
136 |
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15.5 |
10.9 |
15.9 |
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All Area Totals |
1,909 |
69 |
1,840 |
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2,201 |
139 |
2,062 |
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10.4 |
6.0 |
10.7 |
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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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