The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of July 5, 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 July 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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12 |
0 |
12 |
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20 |
0 |
20 |
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7.2 |
No Sales |
7.2 |
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$75,000 |
- |
$100,000 |
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43 |
0 |
43 |
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38 |
0 |
38 |
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13.6 |
No Sales |
13.6 |
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$100,000 |
- |
$125,000 |
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67 |
0 |
67 |
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69 |
0 |
69 |
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11.7 |
No Sales |
11.7 |
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$125,000 |
- |
$150,000 |
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84 |
1 |
83 |
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71 |
0 |
71 |
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14.2 |
No Sales |
14.0 |
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$150,000 |
- |
$200,000 |
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244 |
1 |
243 |
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265 |
3 |
262 |
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11.0 |
4.0 |
11.1 |
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$200,000 |
- |
$250,000 |
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195 |
14 |
181 |
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187 |
26 |
161 |
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12.5 |
6.5 |
13.5 |
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$250,000 |
- |
$300,000 |
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131 |
8 |
123 |
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132 |
17 |
115 |
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11.9 |
5.6 |
12.8 |
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$300,000 |
- |
$500,000 |
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224 |
15 |
209 |
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172 |
13 |
159 |
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15.6 |
13.8 |
15.8 |
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$500,000 |
- |
$750,000 |
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56 |
0 |
56 |
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36 |
2 |
34 |
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18.7 |
0.0 |
19.8 |
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$750,000 |
+ |
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44 |
1 |
43 |
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7 |
2 |
5 |
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75.4 |
6.0 |
103.2 |
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Totals |
1100 |
40 |
1060 |
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997 |
63 |
934 |
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13.2 |
7.6 |
13.6 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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123 |
0 |
123 |
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165 |
0 |
165 |
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8.9 |
No Sales |
8.9 |
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$75,000 |
- |
$100,000 |
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147 |
0 |
147 |
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120 |
1 |
119 |
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14.7 |
0.0 |
14.8 |
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$100,000 |
- |
$125,000 |
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94 |
0 |
94 |
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94 |
1 |
93 |
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12.0 |
0.0 |
12.1 |
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$125,000 |
- |
$150,000 |
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101 |
2 |
99 |
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68 |
2 |
66 |
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17.8 |
12.0 |
18.0 |
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$150,000 |
- |
$200,000 |
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116 |
12 |
104 |
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81 |
11 |
70 |
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17.2 |
13.1 |
17.8 |
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$200,000 |
- |
$250,000 |
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34 |
1 |
33 |
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25 |
3 |
22 |
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16.3 |
4.0 |
18.0 |
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$250,000 |
- |
$300,000 |
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21 |
0 |
21 |
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13 |
1 |
12 |
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19.4 |
0.0 |
21.0 |
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$300,000 |
- |
$500,000 |
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17 |
1 |
16 |
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15 |
3 |
12 |
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13.6 |
4.0 |
16.0 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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6 |
0 |
6 |
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4.0 |
No Sales |
4.0 |
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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 |
664 |
16 |
648 |
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587 |
22 |
565 |
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13.6 |
8.7 |
13.8 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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57 |
0 |
57 |
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72 |
0 |
72 |
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9.5 |
No Sales |
9.5 |
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$75,000 |
- |
$100,000 |
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55 |
1 |
54 |
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28 |
1 |
27 |
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23.6 |
12.0 |
24.0 |
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$100,000 |
- |
$125,000 |
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47 |
4 |
43 |
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42 |
1 |
41 |
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13.4 |
48.0 |
12.6 |
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$125,000 |
- |
$150,000 |
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37 |
1 |
36 |
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56 |
9 |
47 |
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7.9 |
1.3 |
9.2 |
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$150,000 |
- |
$200,000 |
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63 |
3 |
60 |
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52 |
11 |
41 |
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14.5 |
3.3 |
17.6 |
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$200,000 |
- |
$250,000 |
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20 |
1 |
19 |
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31 |
11 |
20 |
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7.7 |
1.1 |
11.4 |
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$250,000 |
- |
$300,000 |
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27 |
2 |
25 |
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29 |
9 |
20 |
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11.2 |
2.7 |
15.0 |
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$300,000 |
- |
$500,000 |
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27 |
4 |
23 |
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27 |
8 |
19 |
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12.0 |
6.0 |
14.5 |
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$500,000 |
- |
$750,000 |
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11 |
0 |
11 |
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7 |
2 |
5 |
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18.9 |
0.0 |
26.4 |
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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 |
349 |
16 |
333 |
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346 |
52 |
294 |
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12.1 |
3.7 |
13.6 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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68 |
0 |
68 |
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96 |
0 |
96 |
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8.5 |
No Sales |
8.5 |
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$75,000 |
- |
$100,000 |
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54 |
3 |
51 |
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28 |
1 |
27 |
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23.1 |
36.0 |
22.7 |
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$100,000 |
- |
$125,000 |
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41 |
4 |
37 |
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16 |
4 |
12 |
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30.8 |
12.0 |
37.0 |
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$125,000 |
- |
$150,000 |
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20 |
2 |
18 |
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8 |
3 |
5 |
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30.0 |
8.0 |
43.2 |
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$150,000 |
- |
$200,000 |
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27 |
1 |
26 |
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8 |
4 |
4 |
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40.5 |
3.0 |
78.0 |
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$200,000 |
- |
$250,000 |
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4 |
0 |
4 |
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3 |
0 |
3 |
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16.0 |
No Sales |
16.0 |
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$250,000 |
- |
$300,000 |
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13 |
0 |
13 |
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1 |
0 |
1 |
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156.0 |
No Sales |
156.0 |
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$300,000 |
- |
$500,000 |
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10 |
0 |
10 |
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1 |
0 |
1 |
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120.0 |
No Sales |
120.0 |
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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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1 |
0 |
1 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
238 |
10 |
228 |
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161 |
12 |
149 |
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17.7 |
10.0 |
18.4 |
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All Area Totals |
2351 |
82 |
2269 |
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2091 |
149 |
1942 |
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13.5 |
6.6 |
14.0 |
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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 July 2011
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