The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of September 4, 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 nearly 12 months of supply of homes on the market in Tallahassee, and though the relative supply fell last month, it was more due to seller's who have not yet re-listed than it was for homes being sold. 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 Inventory Report |
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Residential Supply September 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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10 |
0 |
10 |
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23 |
0 |
23 |
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5.2 |
No Sales |
5.2 |
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$75,000 |
- |
$100,000 |
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40 |
0 |
40 |
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45 |
0 |
45 |
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10.7 |
No Sales |
10.7 |
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$100,000 |
- |
$125,000 |
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59 |
0 |
59 |
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73 |
0 |
73 |
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9.7 |
No Sales |
9.7 |
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$125,000 |
- |
$150,000 |
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83 |
1 |
82 |
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74 |
0 |
74 |
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13.5 |
No Sales |
13.3 |
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$150,000 |
- |
$200,000 |
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222 |
1 |
221 |
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274 |
3 |
271 |
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9.7 |
4.0 |
9.8 |
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$200,000 |
- |
$250,000 |
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175 |
13 |
162 |
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203 |
26 |
177 |
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10.3 |
6.0 |
11.0 |
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$250,000 |
- |
$300,000 |
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113 |
13 |
100 |
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134 |
18 |
116 |
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10.1 |
8.7 |
10.3 |
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$300,000 |
- |
$500,000 |
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187 |
8 |
179 |
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188 |
14 |
174 |
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11.9 |
6.9 |
12.3 |
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$500,000 |
- |
$750,000 |
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54 |
0 |
54 |
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34 |
2 |
32 |
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19.1 |
0.0 |
20.3 |
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$750,000 |
+ |
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32 |
1 |
31 |
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9 |
1 |
8 |
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42.7 |
12.0 |
46.5 |
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Totals |
975 |
37 |
938 |
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1057 |
64 |
993 |
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11.1 |
6.9 |
11.3 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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124 |
1 |
123 |
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178 |
1 |
177 |
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8.4 |
12.0 |
8.3 |
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$75,000 |
- |
$100,000 |
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130 |
0 |
130 |
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120 |
1 |
119 |
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13.0 |
0.0 |
13.1 |
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$100,000 |
- |
$125,000 |
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78 |
0 |
78 |
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97 |
0 |
97 |
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9.6 |
No Sales |
9.6 |
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$125,000 |
- |
$150,000 |
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91 |
2 |
89 |
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71 |
4 |
67 |
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15.4 |
6.0 |
15.9 |
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$150,000 |
- |
$200,000 |
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92 |
10 |
82 |
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88 |
10 |
78 |
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12.5 |
12.0 |
12.6 |
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$200,000 |
- |
$250,000 |
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26 |
2 |
24 |
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21 |
1 |
20 |
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14.9 |
24.0 |
14.4 |
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$250,000 |
- |
$300,000 |
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20 |
1 |
19 |
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11 |
1 |
10 |
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21.8 |
12.0 |
22.8 |
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$300,000 |
- |
$500,000 |
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23 |
1 |
22 |
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15 |
2 |
13 |
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18.4 |
6.0 |
20.3 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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4 |
0 |
4 |
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6.0 |
No Sales |
6.0 |
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$750,000 |
+ |
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8 |
0 |
8 |
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1 |
0 |
1 |
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96.0 |
No Sales |
96.0 |
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Totals |
594 |
17 |
577 |
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606 |
20 |
586 |
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11.8 |
10.2 |
11.8 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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57 |
0 |
57 |
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79 |
0 |
79 |
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8.7 |
No Sales |
8.7 |
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$75,000 |
- |
$100,000 |
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55 |
1 |
54 |
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39 |
1 |
38 |
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16.9 |
12.0 |
17.1 |
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$100,000 |
- |
$125,000 |
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44 |
2 |
42 |
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50 |
3 |
47 |
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10.6 |
8.0 |
10.7 |
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$125,000 |
- |
$150,000 |
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40 |
5 |
35 |
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54 |
7 |
47 |
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8.9 |
8.6 |
8.9 |
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$150,000 |
- |
$200,000 |
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49 |
3 |
46 |
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53 |
9 |
44 |
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11.1 |
4.0 |
12.5 |
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$200,000 |
- |
$250,000 |
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17 |
1 |
16 |
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32 |
8 |
24 |
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6.4 |
1.5 |
8.0 |
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$250,000 |
- |
$300,000 |
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21 |
2 |
19 |
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29 |
10 |
19 |
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8.7 |
2.4 |
12.0 |
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$300,000 |
- |
$500,000 |
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19 |
4 |
15 |
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28 |
9 |
19 |
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8.1 |
5.3 |
9.5 |
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$500,000 |
- |
$750,000 |
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12 |
0 |
12 |
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9 |
3 |
6 |
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16.0 |
0.0 |
24.0 |
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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 |
317 |
18 |
299 |
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374 |
50 |
324 |
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10.2 |
4.3 |
11.1 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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75 |
0 |
75 |
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97 |
0 |
97 |
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9.3 |
No Sales |
9.3 |
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$75,000 |
- |
$100,000 |
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39 |
0 |
39 |
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27 |
2 |
25 |
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17.3 |
0.0 |
18.7 |
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$100,000 |
- |
$125,000 |
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30 |
0 |
30 |
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11 |
4 |
7 |
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32.7 |
0.0 |
51.4 |
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$125,000 |
- |
$150,000 |
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19 |
1 |
18 |
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7 |
2 |
5 |
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32.6 |
6.0 |
43.2 |
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$150,000 |
- |
$200,000 |
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27 |
0 |
27 |
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6 |
2 |
4 |
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54.0 |
0.0 |
81.0 |
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$200,000 |
- |
$250,000 |
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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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$250,000 |
- |
$300,000 |
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16 |
0 |
16 |
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1 |
0 |
1 |
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192.0 |
No Sales |
192.0 |
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$300,000 |
- |
$500,000 |
|
11 |
0 |
11 |
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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 |
|
0 |
0 |
0 |
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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 |
|
No Sales |
No Sales |
No Sales |
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Totals |
222 |
1 |
221 |
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150 |
10 |
140 |
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17.8 |
1.2 |
18.9 |
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All Area Totals |
2108 |
73 |
2035 |
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2187 |
144 |
2043 |
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11.6 |
6.1 |
12.0 |
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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 September 2011
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