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 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.
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Leon County Home Inventory Report |
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Residential Supply April 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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15 |
0 |
15 |
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31 |
0 |
31 |
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5.8 |
No Sales |
5.8 |
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$75,000 |
- |
$100,000 |
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36 |
0 |
36 |
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55 |
0 |
55 |
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7.9 |
No Sales |
7.9 |
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$100,000 |
- |
$125,000 |
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44 |
0 |
44 |
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58 |
0 |
58 |
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9.1 |
No Sales |
9.1 |
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$125,000 |
- |
$150,000 |
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85 |
1 |
84 |
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104 |
2 |
102 |
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9.8 |
6.0 |
9.9 |
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$150,000 |
- |
$200,000 |
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212 |
0 |
212 |
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286 |
2 |
284 |
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8.9 |
0.0 |
9.0 |
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$200,000 |
- |
$250,000 |
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157 |
14 |
143 |
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208 |
25 |
183 |
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9.1 |
6.7 |
9.4 |
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$250,000 |
- |
$300,000 |
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111 |
15 |
96 |
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135 |
28 |
107 |
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9.9 |
6.4 |
10.8 |
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$300,000 |
- |
$500,000 |
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190 |
4 |
186 |
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175 |
13 |
162 |
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13.0 |
3.7 |
13.8 |
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$500,000 |
- |
$750,000 |
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36 |
1 |
35 |
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35 |
1 |
34 |
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12.3 |
12.0 |
12.4 |
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$750,000 |
+ |
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32 |
2 |
30 |
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9 |
0 |
9 |
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42.7 |
No Sales |
40.0 |
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Totals |
918 |
37 |
881 |
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1096 |
71 |
1025 |
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10.1 |
6.3 |
10.3 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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170 |
0 |
170 |
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199 |
2 |
197 |
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10.3 |
0.0 |
10.4 |
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$75,000 |
- |
$100,000 |
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140 |
0 |
140 |
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94 |
0 |
94 |
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17.9 |
No Sales |
17.9 |
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$100,000 |
- |
$125,000 |
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80 |
0 |
80 |
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84 |
0 |
84 |
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11.4 |
No Sales |
11.4 |
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$125,000 |
- |
$150,000 |
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91 |
1 |
90 |
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77 |
2 |
75 |
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14.2 |
6.0 |
14.4 |
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$150,000 |
- |
$200,000 |
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67 |
9 |
58 |
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75 |
9 |
66 |
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10.7 |
12.0 |
10.5 |
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$200,000 |
- |
$250,000 |
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20 |
1 |
19 |
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22 |
2 |
20 |
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10.9 |
6.0 |
11.4 |
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$250,000 |
- |
$300,000 |
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22 |
1 |
21 |
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13 |
1 |
12 |
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20.3 |
12.0 |
21.0 |
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$300,000 |
- |
$500,000 |
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13 |
1 |
12 |
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16 |
1 |
15 |
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9.8 |
12.0 |
9.6 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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2 |
0 |
2 |
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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 |
611 |
13 |
598 |
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583 |
17 |
566 |
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12.6 |
9.2 |
12.7 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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71 |
0 |
71 |
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97 |
0 |
97 |
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8.8 |
No Sales |
8.8 |
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$75,000 |
- |
$100,000 |
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47 |
0 |
47 |
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42 |
0 |
42 |
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13.4 |
No Sales |
13.4 |
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$100,000 |
- |
$125,000 |
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45 |
0 |
45 |
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49 |
4 |
45 |
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11.0 |
0.0 |
12.0 |
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$125,000 |
- |
$150,000 |
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47 |
2 |
45 |
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38 |
6 |
32 |
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14.8 |
4.0 |
16.9 |
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$150,000 |
- |
$200,000 |
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41 |
1 |
40 |
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43 |
0 |
43 |
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11.4 |
No Sales |
11.2 |
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$200,000 |
- |
$250,000 |
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25 |
2 |
23 |
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30 |
3 |
27 |
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10.0 |
8.0 |
10.2 |
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$250,000 |
- |
$300,000 |
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22 |
5 |
17 |
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27 |
11 |
16 |
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9.8 |
5.5 |
12.8 |
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$300,000 |
- |
$500,000 |
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34 |
2 |
32 |
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31 |
11 |
20 |
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13.2 |
2.2 |
19.2 |
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$500,000 |
- |
$750,000 |
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6 |
0 |
6 |
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8 |
1 |
7 |
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9.0 |
0.0 |
10.3 |
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$750,000 |
+ |
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2 |
0 |
2 |
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2 |
0 |
2 |
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12.0 |
No Sales |
12.0 |
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Totals |
340 |
12 |
328 |
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367 |
36 |
331 |
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11.1 |
4.0 |
11.9 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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69 |
0 |
69 |
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96 |
8 |
88 |
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8.6 |
0.0 |
9.4 |
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$75,000 |
- |
$100,000 |
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47 |
0 |
47 |
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25 |
2 |
23 |
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22.6 |
0.0 |
24.5 |
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$100,000 |
- |
$125,000 |
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25 |
0 |
25 |
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6 |
2 |
4 |
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50.0 |
0.0 |
75.0 |
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$125,000 |
- |
$150,000 |
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16 |
0 |
16 |
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7 |
2 |
5 |
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27.4 |
0.0 |
38.4 |
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$150,000 |
- |
$200,000 |
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22 |
2 |
20 |
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10 |
1 |
9 |
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26.4 |
24.0 |
26.7 |
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$200,000 |
- |
$250,000 |
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5 |
0 |
5 |
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1 |
0 |
1 |
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60.0 |
No Sales |
60.0 |
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$250,000 |
- |
$300,000 |
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4 |
0 |
4 |
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5 |
0 |
5 |
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9.6 |
No Sales |
9.6 |
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$300,000 |
- |
$500,000 |
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6 |
0 |
6 |
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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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1 |
0 |
1 |
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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 |
|
0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
196 |
2 |
194 |
|
150 |
15 |
135 |
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15.7 |
1.6 |
17.2 |
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All Area Totals |
2,065 |
64 |
2,001 |
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2,196 |
139 |
2,057 |
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11.3 |
5.5 |
11.7 |
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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 April 2012
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