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Tallahassee Home Inventory Report July 2012

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of July 7, 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 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 11 months of supply of homes on the market in Tallahassee, but the relative supply fell last month, something that normally occurs this time of year as the summer seasons closings hit their peak. 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 July 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   20 0 20 29 0 29 8.3 No Sales 8.3
$75,000 - $100,000   50 0 50 63 0 63 9.5 No Sales 9.5
$100,000 - $125,000   50 0 50 56 0 56 10.7 No Sales 10.7
$125,000 - $150,000   69 1 68 119 3 116 7.0 4.0 7.0
$150,000 - $200,000   168 0 168 322 3 319 6.3 0.0 6.3
$200,000 - $250,000   188 14 174 223 27 196 10.1 6.2 10.7
$250,000 - $300,000   129 19 110 128 26 102 12.1 8.8 12.9
$300,000 - $500,000   212 8 204 174 18 156 14.6 5.3 15.7
$500,000 - $750,000   48 0 48 33 1 32 17.5 0.0 18.0
$750,000 +     39 1 38 11 2 9 42.5 6.0 50.7
Totals 973 43 930 1158 80 1078 10.1 6.5 10.4
Northwest Leon County (Area 2)
$0 - $75,000   133 0 133 231 2 229 6.9 0.0 7.0
$75,000 - $100,000   133 0 133 99 0 99 16.1 No Sales 16.1
$100,000 - $125,000   100 0 100 85 0 85 14.1 No Sales 14.1
$125,000 - $150,000   86 2 84 82 2 80 12.6 12.0 12.6
$150,000 - $200,000   61 7 54 70 10 60 10.5 8.4 10.8
$200,000 - $250,000   21 2 19 17 2 15 14.8 12.0 15.2
$250,000 - $300,000   20 2 18 12 0 12 20.0 No Sales 18.0
$300,000 - $500,000   18 1 17 9 0 9 24.0 No Sales 22.7
$500,000 - $750,000   3 0 3 0 0 0 No Sales No Sales No Sales
$750,000 +     6 0 6 1 0 1 72.0 No Sales 72.0
Totals 581 14 567 606 16 590 11.5 10.5 11.5
SouthEast Leon County (Area 3)
$0 - $75,000   63 0 63 96 0 96 7.9 No Sales 7.9
$75,000 - $100,000   47 0 47 43 0 43 13.1 No Sales 13.1
$100,000 - $125,000   45 0 45 56 4 52 9.6 0.0 10.4
$125,000 - $150,000   47 0 47 33 4 29 17.1 0.0 19.4
$150,000 - $200,000   48 1 47 37 0 37 15.6 No Sales 15.2
$200,000 - $250,000   24 2 22 33 3 30 8.7 8.0 8.8
$250,000 - $300,000   29 9 20 18 9 9 19.3 12.0 26.7
$300,000 - $500,000   39 6 33 30 9 21 15.6 8.0 18.9
$500,000 - $750,000   6 0 6 9 1 8 8.0 0.0 9.0
$750,000 +     3 0 3 2 0 2 18.0 No Sales 18.0
Totals 351 18 333 357 30 327 11.8 7.2 12.2
Southwest Leon County (Area 4)
$0 - $75,000   73 0 73 93 8 85 9.4 0.0 10.3
$75,000 - $100,000   40 0 40 20 2 18 24.0 0.0 26.7
$100,000 - $125,000   15 0 15 7 1 6 25.7 0.0 30.0
$125,000 - $150,000   10 0 10 7 1 6 17.1 0.0 20.0
$150,000 - $200,000   21 3 18 13 1 12 19.4 36.0 18.0
$200,000 - $250,000   8 0 8 0 0 0 No Sales No Sales No Sales
$250,000 - $300,000   4 0 4 4 0 4 12.0 No Sales 12.0
$300,000 - $500,000   6 0 6 1 0 1 72.0 No Sales 72.0
$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 179 3 176 145 13 132 14.8 2.8 16.0
All Area Totals 2,084 78 2,006 2,266 139 2,127 11.0 6.7 11.3

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 July 2012

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917