The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of March 9, 2011. 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 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. 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.
Leon County (All Areas)
| Leon County (All) |
For Sale | Sold | Months of Supply |
| PRICE RANGE |
|---|
| All Area Totals |
|
| All |
New |
Resale |
| 2322 |
110 |
2212 |
|
| All |
New |
Resale |
| 2328 |
206 |
2122 |
|
| All |
New |
Resale |
| 12.0 |
6.4 |
12.5 |
|
| Northeast Leon County |
For Sale | Sold | Months of Supply |
| PRICE RANGE |
|---|
| $0 - $75,000 |
| $75,000 - $100,000 |
| $100,000 - $125,000 |
| $125,000 - $150,000 |
| $150,000 - $200,000 |
| $200,000 - $250,000 |
| $250,000 - $300,000 |
| $300,000 - $500,000 |
| $500,000 - $750,000 |
| $750,000 + |
| Totals |
|
| All |
New |
Resale |
| 13 |
0 |
11 |
| 31 |
0 |
31 |
| 69 |
0 |
69 |
| 97 |
0 |
97 |
| 215 |
3 |
212 |
| 178 |
15 |
163 |
| 133 |
8 |
125 |
| 190 |
12 |
178 |
| 48 |
0 |
48 |
| 44 |
1 |
33 |
| 1018 |
39 |
979 |
|
| All |
New |
Resale |
| 17 |
0 |
17 |
| 62 |
0 |
62 |
| 81 |
0 |
81 |
| 82 |
0 |
82 |
| 300 |
8 |
292 |
| 206 |
24 |
182 |
| 151 |
18 |
133 |
| 193 |
13 |
180 |
| 34 |
1 |
33 |
| 8 |
2 |
6 |
| 1134 |
66 |
1068 |
|
| All |
New |
Resale |
| 9.2 |
No Sales |
9.2 |
| 6.0 |
No Sales |
6.0 |
| 10.2 |
No Sales |
10.2 |
| 14.2 |
No Sales |
14.2 |
| 8.6 |
4.5 |
8.7 |
| 10.4 |
7.5 |
10.7 |
| 10.6 |
5.3 |
11.3 |
| 11.8 |
11.1 |
11.9 |
| 16.9 |
0.0 |
17.5 |
| 66.0 |
6.0 |
86.0 |
| 10.8 |
7.1 |
11.0 |
|
| Northwest Leon County |
For Sale | Sold | Months of Supply |
| PRICE RANGE |
|---|
| $0 - $75,000 |
| $75,000 - $100,000 |
| $100,000 - $125,000 |
| $125,000 - $150,000 |
| $150,000 - $200,000 |
| $200,000 - $250,000 |
| $250,000 - $300,000 |
| $300,000 - $500,000 |
| $500,000 - $750,000 |
| $750,000 + |
| Totals |
|
| All |
New |
Resale |
| 101 |
0 |
101 |
| 148 |
0 |
148 |
| 110 |
0 |
110 |
| 98 |
3 |
95 |
| 119 |
13 |
106 |
| 40 |
6 |
34 |
| 33 |
10 |
23 |
| 16 |
3 |
13 |
| 5 |
3 |
2 |
| 6 |
0 |
6 |
| 676 |
38 |
638 |
|
| All |
New |
Resale |
| 127 |
0 |
127 |
| 130 |
1 |
129 |
| 108 |
2 |
106 |
| 86 |
5 |
81 |
| 126 |
29 |
97 |
| 18 |
4 |
14 |
| 14 |
1 |
13 |
| 12 |
2 |
10 |
| 3 |
0 |
3 |
| 0 |
0 |
0 |
| 624 |
44 |
580 |
|
| All |
New |
Resale |
| 9.5 |
No Sales |
9.5 |
| 13.7 |
0.0 |
13.8 |
| 12.2 |
0.0 |
12.5 |
| 13.7 |
7.2 |
14.1 |
| 11.3 |
5.4 |
13.1 |
| 26.7 |
18.0 |
29.1 |
| 28.3 |
120.0 |
21.2 |
| 16.0 |
18.0 |
15.6 |
| 20.0 |
No Sales |
8.0 |
| No Sales |
No Sales |
No Sales |
| 13.0 |
10.4 |
13.2 |
|
| Southeast Leon County |
For Sale | Sold | Months of Supply |
| PRICE RANGE |
|---|
| $0 - $75,000 |
| $75,000 - $100,000 |
| $100,000 - $125,000 |
| $125,000 - $150,000 |
| $150,000 - $200,000 |
| $200,000 - $250,000 |
| $250,000 - $300,000 |
| $300,000 - $500,000 |
| $500,000 - $750,000 |
| $750,000 + |
| Totals |
|
| All |
New |
Resale |
| 64 |
0 |
64 |
| 49 |
1 |
48 |
| 44 |
0 |
44 |
| 46 |
8 |
38 |
| 60 |
3 |
57 |
| 35 |
1 |
34 |
| 33 |
6 |
27 |
| 34 |
1 |
33 |
| 8 |
1 |
7 |
| 4 |
0 |
4 |
| 377 |
21 |
356 |
|
| All |
New |
Resale |
| 65 |
0 |
65 |
| 27 |
1 |
26 |
| 56 |
1 |
55 |
| 80 |
15 |
65 |
| 76 |
26 |
50 |
| 43 |
19 |
24 |
| 26 |
9 |
17 |
| 27 |
6 |
21 |
| 10 |
2 |
8 |
| 2 |
0 |
2 |
| 412 |
79 |
333 |
|
| All |
New |
Resale |
| 11.8 |
No Sales |
11.8 |
| 21.8 |
12.0 |
22.2 |
| 9.4 |
0.0 |
9.6 |
| 6.9 |
6.4 |
7.0 |
| 9.5 |
1.4 |
13.7 |
| 9.8 |
0.6 |
17.0 |
| 15.2 |
8.0 |
19.1 |
| 15.1 |
2.0 |
18.9 |
| 9.6 |
6.0 |
10.5 |
| 24.0 |
No Sales |
24.0 |
| 11.0 |
3.2 |
12.8 |
|
| Southwest Leon County |
For Sale | Sold | Months of Supply |
| PRICE RANGE |
|---|
| $0 - $75,000 |
| $75,000 - $100,000 |
| $100,000 - $125,000 |
| $125,000 - $150,000 |
| $150,000 - $200,000 |
| $200,000 - $250,000 |
| $250,000 - $300,000 |
| $300,000 - $500,000 |
| $500,000 - $750,000 |
| $750,000 + |
| Totals |
|
| All |
New |
Resale |
| 78 |
0 |
78 |
| 58 |
3 |
55 |
| 39 |
4 |
35 |
| 29 |
5 |
24 |
| 14 |
0 |
14 |
| 4 |
0 |
4 |
| 14 |
0 |
14 |
| 12 |
0 |
12 |
| 1 |
0 |
1 |
| 2 |
0 |
2 |
| 251 |
12 |
239 |
|
| All |
New |
Resale |
| 70 |
0 |
70 |
| 34 |
1 |
33 |
| 23 |
3 |
20 |
| 10 |
3 |
7 |
| 16 |
8 |
8 |
| 4 |
2 |
2 |
| 0 |
0 |
0 |
| 1 |
0 |
1 |
| 0 |
0 |
0 |
| 0 |
0 |
0 |
| 158 |
17 |
141 |
|
| All |
New |
Resale |
| 13.4 |
No Sales |
13.4 |
| 20.5 |
36.0 |
20.0 |
| 20.3 |
16.0 |
21.0 |
| 34.8 |
18.0 |
41.1 |
| 10.5 |
0.0 |
21.0 |
| 12.0 |
0.0 |
24.0 |
| No Sales |
No Sales |
No Sales |
| 144.0 |
No Sales |
144.0 |
| No Sales |
No Sales |
No Sales |
| No Sales |
No Sales |
No Sales |
| 19.1 |
8.7 |
20.3 |
|
* 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 March 2011 
Discussion
The sold(new) + sold(resale) doesn't equal the total sold for this report. If your resale and new sales are correct then the total would be 2,418, not 2,328.
Nice catch Chris! It's correct now.
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