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 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.
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Leon County Home Inventory Report |
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Residential Supply August 2012 |
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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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15 |
0 |
15 |
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30 |
0 |
30 |
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6.0 |
No Sales |
6.0 |
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$75,000 |
- |
$100,000 |
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49 |
0 |
49 |
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61 |
0 |
61 |
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9.6 |
No Sales |
9.6 |
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$100,000 |
- |
$125,000 |
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59 |
0 |
59 |
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56 |
0 |
56 |
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12.6 |
No Sales |
12.6 |
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$125,000 |
- |
$150,000 |
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74 |
0 |
74 |
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127 |
4 |
123 |
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7.0 |
0.0 |
7.2 |
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$150,000 |
- |
$200,000 |
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170 |
0 |
170 |
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322 |
2 |
320 |
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6.3 |
0.0 |
6.4 |
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$200,000 |
- |
$250,000 |
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180 |
13 |
167 |
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225 |
25 |
200 |
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9.6 |
6.2 |
10.0 |
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$250,000 |
- |
$300,000 |
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129 |
17 |
112 |
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125 |
28 |
97 |
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12.4 |
7.3 |
13.9 |
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$300,000 |
- |
$500,000 |
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216 |
10 |
206 |
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179 |
18 |
161 |
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14.5 |
6.7 |
15.4 |
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$500,000 |
- |
$750,000 |
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38 |
0 |
38 |
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34 |
0 |
34 |
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13.4 |
No Sales |
13.4 |
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$750,000 |
+ |
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38 |
1 |
37 |
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7 |
2 |
5 |
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65.1 |
6.0 |
88.8 |
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Totals |
968 |
41 |
927 |
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1166 |
79 |
1087 |
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10.0 |
6.2 |
10.2 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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133 |
0 |
133 |
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236 |
1 |
235 |
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6.8 |
0.0 |
6.8 |
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$75,000 |
- |
$100,000 |
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130 |
0 |
130 |
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106 |
0 |
106 |
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14.7 |
No Sales |
14.7 |
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$100,000 |
- |
$125,000 |
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89 |
0 |
89 |
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84 |
0 |
84 |
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12.7 |
No Sales |
12.7 |
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$125,000 |
- |
$150,000 |
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84 |
2 |
82 |
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83 |
2 |
81 |
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12.1 |
12.0 |
12.1 |
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$150,000 |
- |
$200,000 |
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62 |
8 |
54 |
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68 |
9 |
59 |
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10.9 |
10.7 |
11.0 |
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$200,000 |
- |
$250,000 |
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22 |
2 |
20 |
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18 |
2 |
16 |
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14.7 |
12.0 |
15.0 |
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$250,000 |
- |
$300,000 |
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15 |
1 |
14 |
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12 |
0 |
12 |
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15.0 |
No Sales |
14.0 |
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$300,000 |
- |
$500,000 |
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19 |
1 |
18 |
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10 |
0 |
10 |
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22.8 |
No Sales |
21.6 |
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$500,000 |
- |
$750,000 |
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3 |
0 |
3 |
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1 |
0 |
1 |
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36.0 |
No Sales |
36.0 |
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$750,000 |
+ |
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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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Totals |
561 |
14 |
547 |
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620 |
14 |
606 |
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10.9 |
12.0 |
10.8 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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73 |
0 |
73 |
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87 |
0 |
87 |
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10.1 |
No Sales |
10.1 |
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$75,000 |
- |
$100,000 |
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50 |
0 |
50 |
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35 |
0 |
35 |
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17.1 |
No Sales |
17.1 |
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$100,000 |
- |
$125,000 |
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40 |
0 |
40 |
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55 |
4 |
51 |
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8.7 |
0.0 |
9.4 |
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$125,000 |
- |
$150,000 |
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53 |
0 |
53 |
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32 |
4 |
28 |
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19.9 |
0.0 |
22.7 |
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$150,000 |
- |
$200,000 |
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48 |
1 |
47 |
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31 |
0 |
31 |
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18.6 |
No Sales |
18.2 |
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$200,000 |
- |
$250,000 |
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22 |
2 |
20 |
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34 |
3 |
31 |
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7.8 |
8.0 |
7.7 |
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$250,000 |
- |
$300,000 |
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30 |
9 |
21 |
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17 |
8 |
9 |
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21.2 |
13.5 |
28.0 |
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$300,000 |
- |
$500,000 |
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37 |
5 |
32 |
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30 |
10 |
20 |
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14.8 |
6.0 |
19.2 |
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$500,000 |
- |
$750,000 |
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7 |
0 |
7 |
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8 |
0 |
8 |
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10.5 |
No Sales |
10.5 |
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$750,000 |
+ |
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3 |
0 |
3 |
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1 |
0 |
1 |
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36.0 |
No Sales |
36.0 |
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Totals |
363 |
17 |
346 |
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330 |
29 |
301 |
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13.2 |
7.0 |
13.8 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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79 |
0 |
79 |
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91 |
8 |
83 |
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10.4 |
0.0 |
11.4 |
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$75,000 |
- |
$100,000 |
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41 |
0 |
41 |
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20 |
1 |
19 |
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24.6 |
0.0 |
25.9 |
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$100,000 |
- |
$125,000 |
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13 |
0 |
13 |
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6 |
0 |
6 |
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26.0 |
No Sales |
26.0 |
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$125,000 |
- |
$150,000 |
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18 |
0 |
18 |
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7 |
1 |
6 |
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30.9 |
0.0 |
36.0 |
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$150,000 |
- |
$200,000 |
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17 |
3 |
14 |
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13 |
1 |
12 |
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15.7 |
36.0 |
14.0 |
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$200,000 |
- |
$250,000 |
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6 |
0 |
6 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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$250,000 |
- |
$300,000 |
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4 |
0 |
4 |
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5 |
0 |
5 |
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9.6 |
No Sales |
9.6 |
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$300,000 |
- |
$500,000 |
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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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$500,000 |
- |
$750,000 |
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1 |
0 |
1 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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$750,000 |
+ |
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1 |
0 |
1 |
|
0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
184 |
3 |
181 |
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144 |
11 |
133 |
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15.3 |
3.3 |
16.3 |
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All Area Totals |
2,076 |
75 |
2,001 |
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2,260 |
133 |
2,127 |
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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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