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Tallahassee Home Inventory Report June 2011

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”).

Graph of Real Estate Supply And Demand

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  
  Residential Supply June 2011  
             
                                 
          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   10 0 10   25 0 25   4.8 No Sales 4.8  
  $75,000 - $100,000   46 0 46   42 0 42   13.1 No Sales 13.1  
  $100,000 - $125,000   69 0 69   65 0 65   12.7 No Sales 12.7  
  $125,000 - $150,000   80 0 80   72 0 72   13.3 No Sales 13.3  
  $150,000 - $200,000   225 1 224   279 4 275   9.7 3.0 9.8  
  $200,000 - $250,000   194 13 181   191 24 167   12.2 6.5 13.0  
  $250,000 - $300,000   143 8 135   138 19 119   12.4 5.1 13.6  
  $300,000 - $500,000   230 14 216   167 14 153   16.5 12.0 16.9  
  $500,000 - $750,000   55 2 53   34 1 33   19.4 24.0 19.3  
  $750,000 +     47 1 46   9 2 7   62.7 6.0 78.9  
  Totals 1099 39 1060   1022 64 958   12.9 7.3 13.3  
                                 
  Northwest Leon County (Area 2)  
  $0 - $75,000   116 1 115   160 0 160   8.7 No Sales 8.6  
  $75,000 - $100,000   158 0 158   121 1 120   15.7 0.0 15.8  
  $100,000 - $125,000   103 0 103   101 1 100   12.2 0.0 12.4  
  $125,000 - $150,000   98 2 96   76 4 72   15.5 6.0 16.0  
  $150,000 - $200,000   113 12 101   99 16 83   13.7 9.0 14.6  
  $200,000 - $250,000   41 4 37   25 4 21   19.7 12.0 21.1  
  $250,000 - $300,000   19 1 18   14 1 13   16.3 12.0 16.6  
  $300,000 - $500,000   12 0 12   14 3 11   10.3 0.0 13.1  
  $500,000 - $750,000   2 0 2   5 0 5   4.8 No Sales 4.8  
  $750,000 +     9 0 9   0 0 0   No Sales No Sales No Sales  
  Totals 671 20 651   615 30 585   13.1 8.0 13.4  
                                 
  SouthEast Leon County (Area 3)  
  $0 - $75,000   60 0 60   71 0 71   10.1 No Sales 10.1  
  $75,000 - $100,000   65 1 64   25 1 24   31.2 12.0 32.0  
  $100,000 - $125,000   49 4 45   47 1 46   12.5 48.0 11.7  
  $125,000 - $150,000   39 1 38   65 10 55   7.2 1.2 8.3  
  $150,000 - $200,000   61 3 58   66 17 49   11.1 2.1 14.2  
  $200,000 - $250,000   29 1 28   37 14 23   9.4 0.9 14.6  
  $250,000 - $300,000   29 5 24   29 12 17   12.0 5.0 16.9  
  $300,000 - $500,000   25 1 24   27 8 19   11.1 1.5 15.2  
  $500,000 - $750,000   12 1 11   7 2 5   20.6 6.0 26.4  
  $750,000 +     6 0 6   2 0 2   36.0 No Sales 36.0  
  Totals 375 17 358   376 65 311   12.0 3.1 13.8  
                                 
  Southwest Leon County (Area 4)  
  $0 - $75,000   59 0 59   95 0 95   7.5 No Sales 7.5  
  $75,000 - $100,000   57 4 53   33 1 32   20.7 48.0 19.9  
  $100,000 - $125,000   43 4 39   20 4 16   25.8 12.0 29.3  
  $125,000 - $150,000   25 3 22   8 3 5   37.5 12.0 52.8  
  $150,000 - $200,000   25 1 24   10 5 5   30.0 2.4 57.6  
  $200,000 - $250,000   4 0 4   3 1 2   16.0 0.0 24.0  
  $250,000 - $300,000   15 0 15   0 0 0   No Sales No Sales No Sales  
  $300,000 - $500,000   12 0 12   1 0 1   144.0 No Sales 144.0  
  $500,000 - $750,000   0 0 0   0 0 0   No Sales No Sales No Sales  
  $750,000 +     2 0 2   0 0 0   No Sales No Sales No Sales  
  Totals 242 12 230   170 14 156   17.1 10.3 17.7  
  All Area Totals 2387 88 2299   2183 173 2010   13.1 6.1 13.7  
     

* 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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