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Tallahassee Home Inventory Report September 2011

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

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
Residential Supply September 2011
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 10 0 10 23 0 23 5.2 No Sales 5.2
$75,000 - $100,000 40 0 40 45 0 45 10.7 No Sales 10.7
$100,000 - $125,000 59 0 59 73 0 73 9.7 No Sales 9.7
$125,000 - $150,000 83 1 82 74 0 74 13.5 No Sales 13.3
$150,000 - $200,000 222 1 221 274 3 271 9.7 4.0 9.8
$200,000 - $250,000 175 13 162 203 26 177 10.3 6.0 11.0
$250,000 - $300,000 113 13 100 134 18 116 10.1 8.7 10.3
$300,000 - $500,000 187 8 179 188 14 174 11.9 6.9 12.3
$500,000 - $750,000 54 0 54 34 2 32 19.1 0.0 20.3
$750,000 + 32 1 31 9 1 8 42.7 12.0 46.5
Totals 975 37 938 1057 64 993 11.1 6.9 11.3
Northwest Leon County (Area 2)
$0 - $75,000 124 1 123 178 1 177 8.4 12.0 8.3
$75,000 - $100,000 130 0 130 120 1 119 13.0 0.0 13.1
$100,000 - $125,000 78 0 78 97 0 97 9.6 No Sales 9.6
$125,000 - $150,000 91 2 89 71 4 67 15.4 6.0 15.9
$150,000 - $200,000 92 10 82 88 10 78 12.5 12.0 12.6
$200,000 - $250,000 26 2 24 21 1 20 14.9 24.0 14.4
$250,000 - $300,000 20 1 19 11 1 10 21.8 12.0 22.8
$300,000 - $500,000 23 1 22 15 2 13 18.4 6.0 20.3
$500,000 - $750,000 2 0 2 4 0 4 6.0 No Sales 6.0
$750,000 + 8 0 8 1 0 1 96.0 No Sales 96.0
Totals 594 17 577 606 20 586 11.8 10.2 11.8
SouthEast Leon County (Area 3)
$0 - $75,000 57 0 57 79 0 79 8.7 No Sales 8.7
$75,000 - $100,000 55 1 54 39 1 38 16.9 12.0 17.1
$100,000 - $125,000 44 2 42 50 3 47 10.6 8.0 10.7
$125,000 - $150,000 40 5 35 54 7 47 8.9 8.6 8.9
$150,000 - $200,000 49 3 46 53 9 44 11.1 4.0 12.5
$200,000 - $250,000 17 1 16 32 8 24 6.4 1.5 8.0
$250,000 - $300,000 21 2 19 29 10 19 8.7 2.4 12.0
$300,000 - $500,000 19 4 15 28 9 19 8.1 5.3 9.5
$500,000 - $750,000 12 0 12 9 3 6 16.0 0.0 24.0
$750,000 + 3 0 3 1 0 1 36.0 No Sales 36.0
Totals 317 18 299 374 50 324 10.2 4.3 11.1
Southwest Leon County (Area 4)
$0 - $75,000 75 0 75 97 0 97 9.3 No Sales 9.3
$75,000 - $100,000 39 0 39 27 2 25 17.3 0.0 18.7
$100,000 - $125,000 30 0 30 11 4 7 32.7 0.0 51.4
$125,000 - $150,000 19 1 18 7 2 5 32.6 6.0 43.2
$150,000 - $200,000 27 0 27 6 2 4 54.0 0.0 81.0
$200,000 - $250,000 4 0 4 1 0 1 48.0 No Sales 48.0
$250,000 - $300,000 16 0 16 1 0 1 192.0 No Sales 192.0
$300,000 - $500,000 11 0 11 0 0 0 No Sales No Sales No Sales
$500,000 - $750,000 0 0 0 0 0 0 No Sales No Sales No Sales
$750,000 + 1 0 1 0 0 0 No Sales No Sales No Sales
Totals 222 1 221 150 10 140 17.8 1.2 18.9
All Area Totals 2108 73 2035 2187 144 2043 11.6 6.1 12.0
* 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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