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Tallahassee Home Inventory Report May 2010

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of May 3, 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 is over 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.

Leon County (All Areas)

Leon County (All) For SaleSoldMonths of Supply
PRICE RANGE
All Area Totals
All New Resale
2625 142 2483
All New Resale
2513 249 2264
All New Resale
12.5 6.8 13.2
Northeast Leon County For SaleSoldMonths 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
4 0 4
16 0 16
62 0 62
74 0 74
215 6 209
194 14 180
159 5 154
239 17 222
67 2 65
49 2 47
1079 46 1033
All New Resale
61 0 61
60 0 60
79 0 79
93 0 93
360 23 337
243 19 224
181 19 162
189 15 174
28 4 24
9 1 8
1303 81 1222
All New Resale
0.8 No Sales 0.8
3.2 No Sales 3.2
9.4 No Sales 9.4
9.5 No Sales 9.5
7.2 3.1 7.4
9.6 8.8 9.6
10.5 3.2 11.4
15.2 13.6 15.3
28.7 6.0 32.5
65.3 24.0 70.5
9.9 6.8 10.1
Northwest Leon County For SaleSoldMonths 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
84 0 84
173 0 173
135 0 135
170 2 168
179 14 165
44 4 40
47 2 45
35 7 28
6 2 4
5 0 5
878 31 847
All New Resale
71 0 71
95 1 94
126 6 120
141 11 130
145 24 121
36 12 24
15 4 11
16 8 8
0 0 0
1 0 1
646 66 564
All New Resale
14.2 No Sales 14.2
21.9 0.0 22.1
12.9 0.0 13.5
14.5 2.2 15.5
14.8 7.0 16.4
14.7 4.0 20.0
37.6 6.0 49.1
26.3 10.5 42.0
No Sales No Sales No Sales
60.0 No Sales 60.0
16.3 5.6 17.5
Southeast Leon County For SaleSoldMonths 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
43 0 43
39 1 38
44 1 43
84 13 71
74 12 62
35 8 27
24 3 21
30 1 29
3 0 3
3 0 3
379 39 340
All New Resale
34 0 34
28 0 28
45 0 45
85 15 70
101 31 70
50 14 36
33 5 28
31 7 24
5 0 5
0 0 0
400 72 340
All New Resale
15.2 No Sales 15.2
16.7 No Sales 16.3
11.7 No Sales 11.5
11.9 10.4 12.2
8.8 4.6 10.6
8.4 6.9 9.0
8.7 7.2 9.0
11.6 1.7 14.5
7.2 No Sales 7.2
No Sales No Sales No Sales
11.0 6.5 12.0
Southwest Leon County For SaleSoldMonths 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
60 0 60
73 2 71
66 11 55
33 7 26
31 5 26
6 1 6
4 0 7
12 0 13
2 0 2
2 0 2
289 26 254
All New Resale
28 0 28
30 0 30
30 2 28
23 7 16
33 20 13
4 1 3
2 0 2
2 0 2
0 0 0
0 0 0
152 30 122
All New Resale
25.7 No Sales 25.7
29.2 No Sales 28.4
26.4 66.0 23.6
17.2 12.0 19.5
11.3 3.0 24.0
18.0 12.0 20.0
24.0 No Sales 24.0
72.0 No Sales 72.0
No Sales No Sales No Sales
No Sales No Sales No Sales
22.8 10.4 25.9

* 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 May 2010

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