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Tallahassee Home Inventory Report April 2012

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of April 9, 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 Florida

Real Estate Supply And Demand In Tallahassee Florida

Currently, there are more than 11 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 April 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   15 0 15 31 0 31 5.8 No Sales 5.8
$75,000 - $100,000   36 0 36 55 0 55 7.9 No Sales 7.9
$100,000 - $125,000   44 0 44 58 0 58 9.1 No Sales 9.1
$125,000 - $150,000   85 1 84 104 2 102 9.8 6.0 9.9
$150,000 - $200,000   212 0 212 286 2 284 8.9 0.0 9.0
$200,000 - $250,000   157 14 143 208 25 183 9.1 6.7 9.4
$250,000 - $300,000   111 15 96 135 28 107 9.9 6.4 10.8
$300,000 - $500,000   190 4 186 175 13 162 13.0 3.7 13.8
$500,000 - $750,000   36 1 35 35 1 34 12.3 12.0 12.4
$750,000 +     32 2 30 9 0 9 42.7 No Sales 40.0
Totals 918 37 881 1096 71 1025 10.1 6.3 10.3
Northwest Leon County (Area 2)
$0 - $75,000   170 0 170 199 2 197 10.3 0.0 10.4
$75,000 - $100,000   140 0 140 94 0 94 17.9 No Sales 17.9
$100,000 - $125,000   80 0 80 84 0 84 11.4 No Sales 11.4
$125,000 - $150,000   91 1 90 77 2 75 14.2 6.0 14.4
$150,000 - $200,000   67 9 58 75 9 66 10.7 12.0 10.5
$200,000 - $250,000   20 1 19 22 2 20 10.9 6.0 11.4
$250,000 - $300,000   22 1 21 13 1 12 20.3 12.0 21.0
$300,000 - $500,000   13 1 12 16 1 15 9.8 12.0 9.6
$500,000 - $750,000   2 0 2 2 0 2 12.0 No Sales 12.0
$750,000 +     6 0 6 1 0 1 72.0 No Sales 72.0
Totals 611 13 598 583 17 566 12.6 9.2 12.7
SouthEast Leon County (Area 3)
$0 - $75,000   71 0 71 97 0 97 8.8 No Sales 8.8
$75,000 - $100,000   47 0 47 42 0 42 13.4 No Sales 13.4
$100,000 - $125,000   45 0 45 49 4 45 11.0 0.0 12.0
$125,000 - $150,000   47 2 45 38 6 32 14.8 4.0 16.9
$150,000 - $200,000   41 1 40 43 0 43 11.4 No Sales 11.2
$200,000 - $250,000   25 2 23 30 3 27 10.0 8.0 10.2
$250,000 - $300,000   22 5 17 27 11 16 9.8 5.5 12.8
$300,000 - $500,000   34 2 32 31 11 20 13.2 2.2 19.2
$500,000 - $750,000   6 0 6 8 1 7 9.0 0.0 10.3
$750,000 +     2 0 2 2 0 2 12.0 No Sales 12.0
Totals 340 12 328 367 36 331 11.1 4.0 11.9
Southwest Leon County (Area 4)
$0 - $75,000   69 0 69 96 8 88 8.6 0.0 9.4
$75,000 - $100,000   47 0 47 25 2 23 22.6 0.0 24.5
$100,000 - $125,000   25 0 25 6 2 4 50.0 0.0 75.0
$125,000 - $150,000   16 0 16 7 2 5 27.4 0.0 38.4
$150,000 - $200,000   22 2 20 10 1 9 26.4 24.0 26.7
$200,000 - $250,000   5 0 5 1 0 1 60.0 No Sales 60.0
$250,000 - $300,000   4 0 4 5 0 5 9.6 No Sales 9.6
$300,000 - $500,000   6 0 6 0 0 0 No Sales No Sales No Sales
$500,000 - $750,000   1 0 1 0 0 0 No Sales No Sales No Sales
$750,000 +     1 0 1 0 0 0 No Sales No Sales No Sales
Totals 196 2 194 150 15 135 15.7 1.6 17.2
All Area Totals 2,065 64 2,001 2,196 139 2,057 11.3 5.5 11.7

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 April 2012

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