The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of May 4, 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 over 12 months of supply of homes on the market in Tallahassee, and the relative supply is rising. This 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 Inventory Report |
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Residential Supply May 2011 |
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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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8 |
0 |
8 |
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26 |
0 |
26 |
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3.7 |
No Sales |
3.7 |
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$75,000 |
- |
$100,000 |
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42 |
0 |
42 |
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45 |
0 |
45 |
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11.2 |
No Sales |
11.2 |
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$100,000 |
- |
$125,000 |
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71 |
0 |
71 |
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72 |
0 |
72 |
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11.8 |
No Sales |
11.8 |
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$125,000 |
- |
$150,000 |
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93 |
0 |
93 |
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82 |
0 |
82 |
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13.6 |
No Sales |
13.6 |
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$150,000 |
- |
$200,000 |
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204 |
1 |
203 |
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290 |
6 |
284 |
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8.4 |
2.0 |
8.6 |
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$200,000 |
- |
$250,000 |
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196 |
15 |
181 |
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199 |
24 |
175 |
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11.8 |
7.5 |
12.4 |
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$250,000 |
- |
$300,000 |
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133 |
6 |
127 |
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137 |
20 |
117 |
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11.6 |
3.6 |
13.0 |
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$300,000 |
- |
$500,000 |
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224 |
16 |
208 |
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173 |
13 |
160 |
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15.5 |
14.8 |
15.6 |
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$500,000 |
- |
$750,000 |
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56 |
2 |
54 |
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34 |
1 |
33 |
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19.8 |
24.0 |
19.6 |
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$750,000 |
+ |
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52 |
1 |
51 |
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8 |
2 |
6 |
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78.0 |
6.0 |
102.0 |
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Totals |
1079 |
41 |
1038 |
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1066 |
66 |
1000 |
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12.1 |
7.5 |
12.5 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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119 |
1 |
118 |
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149 |
0 |
149 |
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9.6 |
No Sales |
9.5 |
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$75,000 |
- |
$100,000 |
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155 |
0 |
155 |
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130 |
1 |
129 |
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14.3 |
0.0 |
14.4 |
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$100,000 |
- |
$125,000 |
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109 |
0 |
109 |
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107 |
1 |
106 |
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12.2 |
0.0 |
12.3 |
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$125,000 |
- |
$150,000 |
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103 |
3 |
100 |
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76 |
5 |
71 |
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16.3 |
7.2 |
16.9 |
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$150,000 |
- |
$200,000 |
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118 |
12 |
106 |
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105 |
20 |
85 |
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13.5 |
7.2 |
15.0 |
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$200,000 |
- |
$250,000 |
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42 |
4 |
38 |
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21 |
5 |
16 |
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24.0 |
9.6 |
28.5 |
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$250,000 |
- |
$300,000 |
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21 |
2 |
19 |
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14 |
1 |
13 |
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18.0 |
24.0 |
17.5 |
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$300,000 |
- |
$500,000 |
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15 |
1 |
14 |
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14 |
2 |
12 |
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12.9 |
6.0 |
14.0 |
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$500,000 |
- |
$750,000 |
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3 |
0 |
3 |
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4 |
0 |
4 |
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9.0 |
No Sales |
9.0 |
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$750,000 |
+ |
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7 |
0 |
7 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
692 |
23 |
669 |
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620 |
35 |
585 |
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13.4 |
7.9 |
13.7 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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62 |
0 |
62 |
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72 |
0 |
72 |
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10.3 |
No Sales |
10.3 |
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$75,000 |
- |
$100,000 |
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62 |
1 |
61 |
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28 |
1 |
27 |
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26.6 |
12.0 |
27.1 |
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$100,000 |
- |
$125,000 |
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45 |
4 |
41 |
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53 |
1 |
52 |
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10.2 |
48.0 |
9.5 |
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$125,000 |
- |
$150,000 |
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44 |
2 |
42 |
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69 |
12 |
57 |
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7.7 |
2.0 |
8.8 |
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$150,000 |
- |
$200,000 |
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62 |
3 |
59 |
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72 |
21 |
51 |
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10.3 |
1.7 |
13.9 |
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$200,000 |
- |
$250,000 |
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32 |
0 |
32 |
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37 |
15 |
22 |
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10.4 |
0.0 |
17.5 |
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$250,000 |
- |
$300,000 |
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27 |
5 |
22 |
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30 |
12 |
18 |
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10.8 |
5.0 |
14.7 |
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$300,000 |
- |
$500,000 |
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25 |
1 |
24 |
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31 |
9 |
22 |
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9.7 |
1.3 |
13.1 |
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$500,000 |
- |
$750,000 |
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9 |
1 |
8 |
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8 |
2 |
6 |
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13.5 |
6.0 |
16.0 |
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$750,000 |
+ |
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5 |
0 |
5 |
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2 |
0 |
2 |
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30.0 |
No Sales |
30.0 |
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Totals |
373 |
17 |
356 |
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402 |
73 |
329 |
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11.1 |
2.8 |
13.0 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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61 |
0 |
61 |
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84 |
0 |
84 |
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8.7 |
No Sales |
8.7 |
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$75,000 |
- |
$100,000 |
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57 |
4 |
53 |
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33 |
2 |
31 |
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20.7 |
24.0 |
20.5 |
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$100,000 |
- |
$125,000 |
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44 |
5 |
39 |
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22 |
3 |
19 |
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24.0 |
20.0 |
24.6 |
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$125,000 |
- |
$150,000 |
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25 |
4 |
21 |
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8 |
3 |
5 |
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37.5 |
16.0 |
50.4 |
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$150,000 |
- |
$200,000 |
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22 |
0 |
22 |
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15 |
8 |
7 |
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17.6 |
0.0 |
37.7 |
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$200,000 |
- |
$250,000 |
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3 |
0 |
3 |
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3 |
1 |
2 |
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12.0 |
0.0 |
18.0 |
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$250,000 |
- |
$300,000 |
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15 |
0 |
15 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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| |
$300,000 |
- |
$500,000 |
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14 |
0 |
14 |
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1 |
0 |
1 |
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168.0 |
No Sales |
168.0 |
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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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2 |
0 |
2 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
244 |
13 |
231 |
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166 |
17 |
149 |
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17.6 |
9.2 |
18.6 |
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All Area Totals |
2388 |
94 |
2294 |
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2254 |
191 |
2063 |
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12.7 |
5.9 |
13.3 |
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* 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 2011
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