The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of June 3, 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 June 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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17 |
0 |
17 |
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28 |
0 |
28 |
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7.3 |
No Sales |
7.3 |
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$75,000 |
- |
$100,000 |
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42 |
0 |
42 |
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63 |
0 |
63 |
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8.0 |
No Sales |
8.0 |
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$100,000 |
- |
$125,000 |
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46 |
0 |
46 |
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58 |
0 |
58 |
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9.5 |
No Sales |
9.5 |
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$125,000 |
- |
$150,000 |
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75 |
1 |
74 |
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113 |
3 |
110 |
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8.0 |
4.0 |
8.1 |
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$150,000 |
- |
$200,000 |
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198 |
2 |
196 |
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296 |
2 |
294 |
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8.0 |
12.0 |
8.0 |
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$200,000 |
- |
$250,000 |
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174 |
16 |
158 |
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217 |
27 |
190 |
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9.6 |
7.1 |
10.0 |
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$250,000 |
- |
$300,000 |
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121 |
16 |
105 |
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124 |
26 |
98 |
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11.7 |
7.4 |
12.9 |
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$300,000 |
- |
$500,000 |
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211 |
9 |
202 |
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177 |
16 |
161 |
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14.3 |
6.8 |
15.1 |
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$500,000 |
- |
$750,000 |
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56 |
1 |
55 |
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32 |
2 |
30 |
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21.0 |
6.0 |
22.0 |
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$750,000 |
+ |
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34 |
1 |
33 |
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9 |
1 |
8 |
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45.3 |
12.0 |
49.5 |
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Totals |
974 |
46 |
928 |
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1117 |
77 |
1040 |
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10.5 |
7.2 |
10.7 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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144 |
0 |
144 |
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228 |
2 |
226 |
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7.6 |
0.0 |
7.6 |
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$75,000 |
- |
$100,000 |
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132 |
0 |
132 |
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92 |
0 |
92 |
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17.2 |
No Sales |
17.2 |
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$100,000 |
- |
$125,000 |
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98 |
0 |
98 |
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85 |
0 |
85 |
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13.8 |
No Sales |
13.8 |
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$125,000 |
- |
$150,000 |
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90 |
2 |
88 |
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79 |
2 |
77 |
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13.7 |
12.0 |
13.7 |
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$150,000 |
- |
$200,000 |
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63 |
6 |
57 |
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68 |
11 |
57 |
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11.1 |
6.5 |
12.0 |
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$200,000 |
- |
$250,000 |
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19 |
1 |
18 |
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18 |
2 |
16 |
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12.7 |
6.0 |
13.5 |
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$250,000 |
- |
$300,000 |
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22 |
2 |
20 |
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10 |
0 |
10 |
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26.4 |
No Sales |
24.0 |
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$300,000 |
- |
$500,000 |
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17 |
1 |
16 |
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11 |
0 |
11 |
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18.5 |
No Sales |
17.5 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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1 |
0 |
1 |
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24.0 |
No Sales |
24.0 |
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$750,000 |
+ |
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4 |
0 |
4 |
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1 |
0 |
1 |
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48.0 |
No Sales |
48.0 |
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Totals |
591 |
12 |
579 |
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593 |
17 |
576 |
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12.0 |
8.5 |
12.1 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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68 |
0 |
68 |
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92 |
0 |
92 |
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8.9 |
No Sales |
8.9 |
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$75,000 |
- |
$100,000 |
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37 |
0 |
37 |
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49 |
0 |
49 |
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9.1 |
No Sales |
9.1 |
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$100,000 |
- |
$125,000 |
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50 |
0 |
50 |
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52 |
4 |
48 |
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11.5 |
0.0 |
12.5 |
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$125,000 |
- |
$150,000 |
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44 |
0 |
44 |
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34 |
6 |
28 |
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15.5 |
0.0 |
18.9 |
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$150,000 |
- |
$200,000 |
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47 |
1 |
46 |
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34 |
0 |
34 |
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16.6 |
No Sales |
16.2 |
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$200,000 |
- |
$250,000 |
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23 |
2 |
21 |
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32 |
2 |
30 |
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8.6 |
12.0 |
8.4 |
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$250,000 |
- |
$300,000 |
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23 |
3 |
20 |
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21 |
9 |
12 |
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13.1 |
4.0 |
20.0 |
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$300,000 |
- |
$500,000 |
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35 |
4 |
31 |
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32 |
11 |
21 |
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13.1 |
4.4 |
17.7 |
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$500,000 |
- |
$750,000 |
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5 |
0 |
5 |
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9 |
1 |
8 |
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6.7 |
0.0 |
7.5 |
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$750,000 |
+ |
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3 |
0 |
3 |
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2 |
0 |
2 |
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18.0 |
No Sales |
18.0 |
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Totals |
335 |
10 |
325 |
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357 |
33 |
324 |
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11.3 |
3.6 |
12.0 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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75 |
0 |
75 |
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85 |
8 |
77 |
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10.6 |
0.0 |
11.7 |
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$75,000 |
- |
$100,000 |
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44 |
0 |
44 |
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22 |
2 |
20 |
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24.0 |
0.0 |
26.4 |
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$100,000 |
- |
$125,000 |
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22 |
0 |
22 |
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6 |
1 |
5 |
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44.0 |
0.0 |
52.8 |
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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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20 |
3 |
17 |
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12 |
1 |
11 |
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20.0 |
36.0 |
18.5 |
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$200,000 |
- |
$250,000 |
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8 |
0 |
8 |
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1 |
0 |
1 |
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96.0 |
No Sales |
96.0 |
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$250,000 |
- |
$300,000 |
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5 |
0 |
5 |
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5 |
0 |
5 |
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12.0 |
No Sales |
12.0 |
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$300,000 |
- |
$500,000 |
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5 |
0 |
5 |
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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 |
197 |
3 |
194 |
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138 |
14 |
124 |
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17.1 |
2.6 |
18.8 |
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All Area Totals |
2,097 |
71 |
2,026 |
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2,205 |
141 |
2,064 |
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11.4 |
6.0 |
11.8 |
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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 2012
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