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Tallahassee Home Inventory Report July 2011

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”).

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

* 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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