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