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Tallahassee Home Inventory Report June 2012

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

Supply Demand Homes Tallahassee Florida Joe Manausa Real Estate 1140 Capital Circle SE #12A Tallahassee, FL 32301 (850) 366-8917 www.manausa.com

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.

Leon County Home Inventory Report
Residential Supply June 2012
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   17 0 17 28 0 28 7.3 No Sales 7.3
$75,000 - $100,000   42 0 42 63 0 63 8.0 No Sales 8.0
$100,000 - $125,000   46 0 46 58 0 58 9.5 No Sales 9.5
$125,000 - $150,000   75 1 74 113 3 110 8.0 4.0 8.1
$150,000 - $200,000   198 2 196 296 2 294 8.0 12.0 8.0
$200,000 - $250,000   174 16 158 217 27 190 9.6 7.1 10.0
$250,000 - $300,000   121 16 105 124 26 98 11.7 7.4 12.9
$300,000 - $500,000   211 9 202 177 16 161 14.3 6.8 15.1
$500,000 - $750,000   56 1 55 32 2 30 21.0 6.0 22.0
$750,000 +     34 1 33 9 1 8 45.3 12.0 49.5
Totals 974 46 928 1117 77 1040 10.5 7.2 10.7
Northwest Leon County (Area 2)
$0 - $75,000   144 0 144 228 2 226 7.6 0.0 7.6
$75,000 - $100,000   132 0 132 92 0 92 17.2 No Sales 17.2
$100,000 - $125,000   98 0 98 85 0 85 13.8 No Sales 13.8
$125,000 - $150,000   90 2 88 79 2 77 13.7 12.0 13.7
$150,000 - $200,000   63 6 57 68 11 57 11.1 6.5 12.0
$200,000 - $250,000   19 1 18 18 2 16 12.7 6.0 13.5
$250,000 - $300,000   22 2 20 10 0 10 26.4 No Sales 24.0
$300,000 - $500,000   17 1 16 11 0 11 18.5 No Sales 17.5
$500,000 - $750,000   2 0 2 1 0 1 24.0 No Sales 24.0
$750,000 +     4 0 4 1 0 1 48.0 No Sales 48.0
Totals 591 12 579 593 17 576 12.0 8.5 12.1
SouthEast Leon County (Area 3)
$0 - $75,000   68 0 68 92 0 92 8.9 No Sales 8.9
$75,000 - $100,000   37 0 37 49 0 49 9.1 No Sales 9.1
$100,000 - $125,000   50 0 50 52 4 48 11.5 0.0 12.5
$125,000 - $150,000   44 0 44 34 6 28 15.5 0.0 18.9
$150,000 - $200,000   47 1 46 34 0 34 16.6 No Sales 16.2
$200,000 - $250,000   23 2 21 32 2 30 8.6 12.0 8.4
$250,000 - $300,000   23 3 20 21 9 12 13.1 4.0 20.0
$300,000 - $500,000   35 4 31 32 11 21 13.1 4.4 17.7
$500,000 - $750,000   5 0 5 9 1 8 6.7 0.0 7.5
$750,000 +     3 0 3 2 0 2 18.0 No Sales 18.0
Totals 335 10 325 357 33 324 11.3 3.6 12.0
Southwest Leon County (Area 4)
$0 - $75,000   75 0 75 85 8 77 10.6 0.0 11.7
$75,000 - $100,000   44 0 44 22 2 20 24.0 0.0 26.4
$100,000 - $125,000   22 0 22 6 1 5 44.0 0.0 52.8
$125,000 - $150,000   16 0 16 7 2 5 27.4 0.0 38.4
$150,000 - $200,000   20 3 17 12 1 11 20.0 36.0 18.5
$200,000 - $250,000   8 0 8 1 0 1 96.0 No Sales 96.0
$250,000 - $300,000   5 0 5 5 0 5 12.0 No Sales 12.0
$300,000 - $500,000   5 0 5 0 0 0 No Sales No Sales No Sales
$500,000 - $750,000   1 0 1 0 0 0 No Sales No Sales No Sales
$750,000 +     1 0 1 0 0 0 No Sales No Sales No Sales
Totals 197 3 194 138 14 124 17.1 2.6 18.8
All Area Totals 2,097 71 2,026 2,205 141 2,064 11.4 6.0 11.8

If you would like to receive a free monthly market update, just subscribe to the Tallahassee Real Estate Newsletter and it will be delivered to your email inbox each month.

* 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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2066 Thomasville Rd
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(850) 366-8917

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