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Tallahassee Home Inventory Report September 2010

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of September 7, 2010. 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").

Currently, there are more than 12 months of supply of homes on the market in Tallahassee. This will continue to put pressure on home prices until we see market inventories stabilize at the 6 months of supply level.

Leon County (All Areas)

Leon County (All) For SaleSoldMonths of Supply
PRICE RANGE
All Area Totals
All New Resale
2555 156 2399
All New Resale
2441 220 2221
All New Resale
12.6 8.5 13.0
Northeast Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
6 0 6
34 0 34
64 0 64
93 0 93
233 4 229
195 17 178
153 8 145
214 15 199
61 0 61
44 2 42
1097 46 10517
All New Resale
71 0 71
77 0 77
87 0 87
100 0 100
333 17 316
223 20 203
175 20 153
172 9 163
28 2 26
10 2 8
1276 70 1206
All New Resale
1.0 No Sales 1.0
5.3 No Sales 5.3
8.8 No Sales 8.8
11.2 No Sales 11.2
8.4 2.8 8.7
10.5 10.2 10.5
10.5 4.8 11.2
14.9 20.0 14.7
26.1 0.0 28.2
52.8 12.0 63.0
10.3 7.9 10.5
Northwest Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
93 0 93
165 0 165
134 1 133
136 2 134
161 24 137
44 8 36
42 11 31
31 6 25
8 4 4
4 0 4
818 56 762
All New Resale
78 0 78
117 1 116
115 4 111
105 8 97
135 26 109
21 4 17
14 2 12
7 0 7
2 0 2
0 0 0
594 45 549
All New Resale
14.3 No Sales 14.3
16.9 0.0 17.1
14.0 3.0 14.4
15.5 3.0 16.6
14.3 11.1 15.1
25.1 24.0 25.4
36.0 66.0 31.0
53.1 No Sales 42.9
48.0 No Sales 24.0
No Sales No Sales No Sales
16.5 14.9 16.7
Southeast Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
47 0 47
39 0 39
44 0 44
58 7 51
74 14 60
28 3 25
23 4 19
31 2 29
8 1 6
4 0 2
353 31 322
All New Resale
45 0 45
25 0 25
49 0 53
89 16 73
86 27 59
53 21 32
33 89 25
29 4 25
5 0 5
2 0 2
416 76 340
All New Resale
12.5 No Sales 12.5
18.7 No Sales 18.7
10.8 No Sales 10.8
7.8 5.3 8.4
10.3 6.2 12.2
6.3 1.7 9.4
8.4 6.0 9.1
12.8 6.0 13.9
16.8 No Sales 14.4
12.0 No Sales 12.0
10.2 4.9 11.4
Southwest Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
79 0 79
60 4 56
54 4 50
40 8 32
32 7 25
2 0 2
8 0 8
9 0 9
2 0 2
1 0 1
287 23 264
All New Resale
34 0 34
36 1 35
32 2 30
18 7 11
28 17 11
4 2 2
1 0 1
2 0 2
0 0 0
0 0 0
155 29 122
All New Resale
27.9 No Sales 27.9
20.0 48.0 19.2
20.3 24.0 20.0
26.7 13.7 34.9
13.7 4.9 27.3
6.0 0.0 12.0
96.0 No Sales 96.0
54.0 No Sales 54.0
No Sales No Sales No Sales
No Sales No Sales No Sales
22.2 9.5 25.1

* 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 September 2010

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Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917