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Tallahassee Home Inventory Report August 2011

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of August 3, 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”).

Tallahassee Real Estate Supply And Demand

Real Estate Supply And Demand

Currently, there are over 12 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 August 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 9 0 9 21 0 21 5.1 No Sales 5.1
$75,000 - $100,000 36 0 36 42 0 42 10.3 No Sales 10.3
$100,000 - $125,000 56 0 56 74 0 74 9.1 No Sales 9.1
$125,000 - $150,000 98 1 97 69 0 69 17.0 No Sales 16.9
$150,000 - $200,000 227 1 226 267 3 264 10.2 4.0 10.3
$200,000 - $250,000 189 11 178 195 25 170 11.6 5.3 12.6
$250,000 - $300,000 123 10 113 134 18 116 11.0 6.7 11.7
$300,000 - $500,000 213 12 201 182 14 168 14.0 10.3 14.4
$500,000 - $750,000 51 0 51 35 2 33 17.5 0.0 18.5
$750,000 + 39 1 38 8 1 7 58.5 12.0 65.1
Totals 1041 36 1005 1027 63 964 12.2 6.9 12.5
Northwest Leon County (Area 2)
$0 - $75,000 125 0 125 169 1 168 8.9 0.0 8.9
$75,000 - $100,000 138 0 138 117 1 116 14.2 0.0 14.3
$100,000 - $125,000 83 0 83 98 1 97 10.2 0.0 10.3
$125,000 - $150,000 95 2 93 68 2 66 16.8 12.0 16.9
$150,000 - $200,000 115 14 101 84 11 73 16.4 15.3 16.6
$200,000 - $250,000 36 3 33 22 2 20 19.6 18.0 19.8
$250,000 - $300,000 22 1 21 13 1 12 20.3 12.0 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 5 0 5 4.8 No Sales 4.8
$750,000 + 10 0 10 0 0 0 No Sales No Sales No Sales
Totals 643 21 622 591 22 569 13.1 11.5 13.1
SouthEast Leon County (Area 3)
$0 - $75,000 51 0 51 79 0 79 7.7 No Sales 7.7
$75,000 - $100,000 50 1 49 36 1 35 16.7 12.0 16.8
$100,000 - $125,000 52 4 48 47 1 46 13.3 48.0 12.5
$125,000 - $150,000 31 1 30 54 8 46 6.9 1.5 7.8
$150,000 - $200,000 55 3 52 55 10 45 12.0 3.6 13.9
$200,000 - $250,000 23 1 22 30 9 21 9.2 1.3 12.6
$250,000 - $300,000 23 1 22 30 11 19 9.2 1.1 13.9
$300,000 - $500,000 22 4 18 30 9 21 8.8 5.3 10.3
$500,000 - $750,000 13 0 13 7 3 4 22.3 0.0 39.0
$750,000 + 4 0 4 1 0 1 48.0 No Sales 48.0
Totals 324 15 309 369 52 317 10.5 3.5 11.7
Southwest Leon County (Area 4)
$0 - $75,000 66 0 66 100 0 100 7.9 No Sales 7.9
$75,000 - $100,000 50 2 48 27 2 25 22.2 12.0 23.0
$100,000 - $125,000 38 4 34 14 4 10 32.6 12.0 40.8
$125,000 - $150,000 21 2 19 6 2 4 42.0 12.0 57.0
$150,000 - $200,000 29 1 28 10 4 6 34.8 3.0 56.0
$200,000 - $250,000 4 0 4 2 0 2 24.0 No Sales 24.0
$250,000 - $300,000 14 0 14 1 0 1 168.0 No Sales 168.0
$300,000 - $500,000 8 0 8 0 0 0 No Sales No Sales No Sales
$500,000 - $750,000 1 0 0 0 0 0 No Sales No Sales No Sales
$750,000 + 0 0 1 0 0 0 No Sales No Sales No Sales
Totals 231 9 222 160 12 148 17.3 9.0 18.0
All Area Totals 2239 81 2158 2147 149 1998 12.5 6.5 13.0
* 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 August 2011

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