The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of June 3, 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 13 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 June 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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10 |
0 |
10 |
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25 |
0 |
25 |
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4.8 |
No Sales |
4.8 |
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$75,000 |
- |
$100,000 |
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46 |
0 |
46 |
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42 |
0 |
42 |
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13.1 |
No Sales |
13.1 |
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$100,000 |
- |
$125,000 |
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69 |
0 |
69 |
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65 |
0 |
65 |
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12.7 |
No Sales |
12.7 |
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$125,000 |
- |
$150,000 |
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80 |
0 |
80 |
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72 |
0 |
72 |
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13.3 |
No Sales |
13.3 |
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$150,000 |
- |
$200,000 |
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225 |
1 |
224 |
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279 |
4 |
275 |
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9.7 |
3.0 |
9.8 |
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$200,000 |
- |
$250,000 |
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194 |
13 |
181 |
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191 |
24 |
167 |
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12.2 |
6.5 |
13.0 |
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$250,000 |
- |
$300,000 |
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143 |
8 |
135 |
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138 |
19 |
119 |
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12.4 |
5.1 |
13.6 |
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$300,000 |
- |
$500,000 |
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230 |
14 |
216 |
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167 |
14 |
153 |
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16.5 |
12.0 |
16.9 |
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$500,000 |
- |
$750,000 |
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55 |
2 |
53 |
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34 |
1 |
33 |
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19.4 |
24.0 |
19.3 |
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$750,000 |
+ |
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47 |
1 |
46 |
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9 |
2 |
7 |
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62.7 |
6.0 |
78.9 |
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Totals |
1099 |
39 |
1060 |
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1022 |
64 |
958 |
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12.9 |
7.3 |
13.3 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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116 |
1 |
115 |
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160 |
0 |
160 |
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8.7 |
No Sales |
8.6 |
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$75,000 |
- |
$100,000 |
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158 |
0 |
158 |
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121 |
1 |
120 |
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15.7 |
0.0 |
15.8 |
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$100,000 |
- |
$125,000 |
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103 |
0 |
103 |
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101 |
1 |
100 |
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12.2 |
0.0 |
12.4 |
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$125,000 |
- |
$150,000 |
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98 |
2 |
96 |
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76 |
4 |
72 |
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15.5 |
6.0 |
16.0 |
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$150,000 |
- |
$200,000 |
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113 |
12 |
101 |
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99 |
16 |
83 |
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13.7 |
9.0 |
14.6 |
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$200,000 |
- |
$250,000 |
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41 |
4 |
37 |
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25 |
4 |
21 |
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19.7 |
12.0 |
21.1 |
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$250,000 |
- |
$300,000 |
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19 |
1 |
18 |
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14 |
1 |
13 |
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16.3 |
12.0 |
16.6 |
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$300,000 |
- |
$500,000 |
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12 |
0 |
12 |
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14 |
3 |
11 |
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10.3 |
0.0 |
13.1 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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5 |
0 |
5 |
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4.8 |
No Sales |
4.8 |
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$750,000 |
+ |
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9 |
0 |
9 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
671 |
20 |
651 |
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615 |
30 |
585 |
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13.1 |
8.0 |
13.4 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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60 |
0 |
60 |
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71 |
0 |
71 |
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10.1 |
No Sales |
10.1 |
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$75,000 |
- |
$100,000 |
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65 |
1 |
64 |
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25 |
1 |
24 |
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31.2 |
12.0 |
32.0 |
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$100,000 |
- |
$125,000 |
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49 |
4 |
45 |
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47 |
1 |
46 |
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12.5 |
48.0 |
11.7 |
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$125,000 |
- |
$150,000 |
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39 |
1 |
38 |
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65 |
10 |
55 |
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7.2 |
1.2 |
8.3 |
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$150,000 |
- |
$200,000 |
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61 |
3 |
58 |
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66 |
17 |
49 |
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11.1 |
2.1 |
14.2 |
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$200,000 |
- |
$250,000 |
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29 |
1 |
28 |
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37 |
14 |
23 |
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9.4 |
0.9 |
14.6 |
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$250,000 |
- |
$300,000 |
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29 |
5 |
24 |
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29 |
12 |
17 |
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12.0 |
5.0 |
16.9 |
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$300,000 |
- |
$500,000 |
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25 |
1 |
24 |
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27 |
8 |
19 |
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11.1 |
1.5 |
15.2 |
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$500,000 |
- |
$750,000 |
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12 |
1 |
11 |
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7 |
2 |
5 |
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20.6 |
6.0 |
26.4 |
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$750,000 |
+ |
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6 |
0 |
6 |
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2 |
0 |
2 |
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36.0 |
No Sales |
36.0 |
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Totals |
375 |
17 |
358 |
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376 |
65 |
311 |
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12.0 |
3.1 |
13.8 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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59 |
0 |
59 |
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95 |
0 |
95 |
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7.5 |
No Sales |
7.5 |
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$75,000 |
- |
$100,000 |
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57 |
4 |
53 |
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33 |
1 |
32 |
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20.7 |
48.0 |
19.9 |
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$100,000 |
- |
$125,000 |
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43 |
4 |
39 |
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20 |
4 |
16 |
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25.8 |
12.0 |
29.3 |
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$125,000 |
- |
$150,000 |
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25 |
3 |
22 |
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8 |
3 |
5 |
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37.5 |
12.0 |
52.8 |
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$150,000 |
- |
$200,000 |
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25 |
1 |
24 |
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10 |
5 |
5 |
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30.0 |
2.4 |
57.6 |
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$200,000 |
- |
$250,000 |
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4 |
0 |
4 |
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3 |
1 |
2 |
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16.0 |
0.0 |
24.0 |
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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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12 |
0 |
12 |
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1 |
0 |
1 |
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144.0 |
No Sales |
144.0 |
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$500,000 |
- |
$750,000 |
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0 |
0 |
0 |
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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 |
242 |
12 |
230 |
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170 |
14 |
156 |
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17.1 |
10.3 |
17.7 |
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All Area Totals |
2387 |
88 |
2299 |
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2183 |
173 |
2010 |
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13.1 |
6.1 |
13.7 |
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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 June 2011
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