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Tallahassee Home Inventory Report August 2012

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of August 8, 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

Real Estate Supply And Demand In Tallahassee Florida

Currently, there are 11 months of supply of homes on the market in Tallahassee, and the relative supply of homes remained the same last month, something that normally occurs this time of year as the summer seasons closings begin to fall from 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 August 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   15 0 15 30 0 30 6.0 No Sales 6.0
$75,000 - $100,000   49 0 49 61 0 61 9.6 No Sales 9.6
$100,000 - $125,000   59 0 59 56 0 56 12.6 No Sales 12.6
$125,000 - $150,000   74 0 74 127 4 123 7.0 0.0 7.2
$150,000 - $200,000   170 0 170 322 2 320 6.3 0.0 6.4
$200,000 - $250,000   180 13 167 225 25 200 9.6 6.2 10.0
$250,000 - $300,000   129 17 112 125 28 97 12.4 7.3 13.9
$300,000 - $500,000   216 10 206 179 18 161 14.5 6.7 15.4
$500,000 - $750,000   38 0 38 34 0 34 13.4 No Sales 13.4
$750,000 +     38 1 37 7 2 5 65.1 6.0 88.8
Totals 968 41 927 1166 79 1087 10.0 6.2 10.2
Northwest Leon County (Area 2)
$0 - $75,000   133 0 133 236 1 235 6.8 0.0 6.8
$75,000 - $100,000   130 0 130 106 0 106 14.7 No Sales 14.7
$100,000 - $125,000   89 0 89 84 0 84 12.7 No Sales 12.7
$125,000 - $150,000   84 2 82 83 2 81 12.1 12.0 12.1
$150,000 - $200,000   62 8 54 68 9 59 10.9 10.7 11.0
$200,000 - $250,000   22 2 20 18 2 16 14.7 12.0 15.0
$250,000 - $300,000   15 1 14 12 0 12 15.0 No Sales 14.0
$300,000 - $500,000   19 1 18 10 0 10 22.8 No Sales 21.6
$500,000 - $750,000   3 0 3 1 0 1 36.0 No Sales 36.0
$750,000 +     4 0 4 2 0 2 24.0 No Sales 24.0
Totals 561 14 547 620 14 606 10.9 12.0 10.8
SouthEast Leon County (Area 3)
$0 - $75,000   73 0 73 87 0 87 10.1 No Sales 10.1
$75,000 - $100,000   50 0 50 35 0 35 17.1 No Sales 17.1
$100,000 - $125,000   40 0 40 55 4 51 8.7 0.0 9.4
$125,000 - $150,000   53 0 53 32 4 28 19.9 0.0 22.7
$150,000 - $200,000   48 1 47 31 0 31 18.6 No Sales 18.2
$200,000 - $250,000   22 2 20 34 3 31 7.8 8.0 7.7
$250,000 - $300,000   30 9 21 17 8 9 21.2 13.5 28.0
$300,000 - $500,000   37 5 32 30 10 20 14.8 6.0 19.2
$500,000 - $750,000   7 0 7 8 0 8 10.5 No Sales 10.5
$750,000 +     3 0 3 1 0 1 36.0 No Sales 36.0
Totals 363 17 346 330 29 301 13.2 7.0 13.8
Southwest Leon County (Area 4)
$0 - $75,000   79 0 79 91 8 83 10.4 0.0 11.4
$75,000 - $100,000   41 0 41 20 1 19 24.6 0.0 25.9
$100,000 - $125,000   13 0 13 6 0 6 26.0 No Sales 26.0
$125,000 - $150,000   18 0 18 7 1 6 30.9 0.0 36.0
$150,000 - $200,000   17 3 14 13 1 12 15.7 36.0 14.0
$200,000 - $250,000   6 0 6 0 0 0 No Sales No Sales No Sales
$250,000 - $300,000   4 0 4 5 0 5 9.6 No Sales 9.6
$300,000 - $500,000   4 0 4 2 0 2 24.0 No Sales 24.0
$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 184 3 181 144 11 133 15.3 3.3 16.3
All Area Totals 2,076 75 2,001 2,260 133 2,127 11.0 6.8 11.3

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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 2012

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