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Tallahassee Home Inventory Report March 2010

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of March 13, 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 12.6 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 2524 150 2374 2408 256 2152 12.6 7.0 13.2

Northeast Leon County (Area 1)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 3 0 3 61 0 61 0.6 No Sales 0.6
$75,000 - $100,000 18 0 18 32 0 32 6.8 No Sales 6.8
$100,000 - $125,000 54 0 54 63 0 63 10.3 No Sales 10.3
$125,000 - $150,000 66 0 66 89 0 89 8.9 No Sales 8.9
$150,000 - $200,000 211 10 201 326 25 301 7.8 4.8 8.0
$200,000 - $250,000 190 10 180 251 18 233 9.1 6.7 9.3
$250,000 - $300,000 154 6 148 170 17 153 10.9 4.2 11.6
$300,000 - $500,000 226 14 212 182 17 165 14.9 9.9 15.4
$500,000 - $750,000 57 2 55 37 5 32 18.5 4.8 20.6
$750,000 + 39 1 38 13 1 12 36.0 12.0 38.0
Totals 1018 43 975 1224 83 1141 10.0 6.2 10.3

Northwest Leon County (Area 2)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 74 0 74 57 0 57 15.6 No Sales 15.6
$75,000 - $100,000 157 0 157 91 1 90 20.7 0.0 20.9
$100,000 - $125,000 140 0 140 107 3 104 15.7 0.0 16.2
$125,000 - $150,000 173 3 170 150 17 133 13.8 2.1 15.3
$150,000 - $200,000 176 23 153 158 19 139 13.4 14.5 13.2
$200,000 - $250,000 44 3 41 36 12 24 14.7 3.0 20.5
$250,000 - $300,000 44 1 43 14 4 10 37.7 3.0 51.6
$300,000 - $500,000 32 7 25 20 8 12 19.2 10.5 25.0
$500,000 - $750,000 6 2 4 1 0 1 72.0 No Sales 48.0
$750,000 + 8 0 8 1 0 1 96.0 No Sales 96.0
Totals 854 39 815 635 64 571 16.1 7.3 17.1

Southeast Leon County (Area 3)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 43 0 43 22 0 22 23.5 No Sales 23.5
$75,000 - $100,000 40 0 40 25 0 25 19.2 No Sales 19.2
$100,000 - $125,000 47 1 46 35 0 35 16.1 No Sales 15.8
$125,000 - $150,000 78 12 66 73 14 59 12.8 10.3 13.4
$150,000 - $200,000 73 13 60 110 33 77 8.0 4.7 9.4
$200,000 - $250,000 35 8 27 45 10 35 9.3 9.6 9.3
$250,000 - $300,000 26 2 24 52 8 44 6.0 3.0 6.5
$300,000 - $500,000 29 1 28 31 10 21 11.2 1.2 16.0
$500,000 - $750,000 3 0 3 4 1 3 9.0 0.0 12.0
$750,000 + 3 0 3 1 0 1 36.0 No Sales 36.0
Totals 377 37 340 398 76 322 11.4 5.8 12.7

Southwest Leon County (Area 4)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 44 0 44 20 0 20 26.4 No Sales 26.4
$75,000 - $100,000 60 2 58 32 0 32 22.5 No Sales 21.8
$100,000 - $125,000 74 12 62 27 1 26 32.9 144.0 28.6
$125,000 - $150,000 35 11 24 22 8 14 19.1 16.5 20.6
$150,000 - $200,000 32 6 26 38 24 14 10.1 3.0 22.3
$200,000 - $250,000 5 0 5 7 0 7 8.6 No Sales 8.6
$250,000 - $300,000 7 0 7 3 0 3 28.0 No Sales 28.0
$300,000 - $500,000 14 0 14 2 0 2 84.0 No Sales 84.0
$500,000 - $750,000 2 0 2 0 0 0 No Sales No Sales No Sales
$750,000 + 2 0 2 0 0 0 No Sales No Sales No Sales
Totals 275 31 244 151 33 118 21.9 11.3 24.8

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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