The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of September 6, 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 10.2 months of supply of homes on the market in Tallahassee, and the relative supply of homes declined slightly 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 September 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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27 |
0 |
27 |
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6.7 |
No Sales |
6.7 |
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$75,000 |
- |
$100,000 |
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51 |
0 |
51 |
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60 |
0 |
60 |
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10.2 |
No Sales |
10.2 |
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$100,000 |
- |
$125,000 |
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62 |
0 |
62 |
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59 |
0 |
59 |
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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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129 |
4 |
125 |
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6.9 |
0.0 |
7.1 |
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$150,000 |
- |
$200,000 |
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169 |
0 |
169 |
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327 |
3 |
324 |
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6.2 |
0.0 |
6.3 |
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$200,000 |
- |
$250,000 |
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173 |
12 |
161 |
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228 |
27 |
201 |
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9.1 |
5.3 |
9.6 |
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$250,000 |
- |
$300,000 |
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124 |
22 |
102 |
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120 |
27 |
93 |
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12.4 |
9.8 |
13.2 |
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$300,000 |
- |
$500,000 |
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197 |
11 |
186 |
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187 |
17 |
170 |
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12.6 |
7.8 |
13.1 |
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$500,000 |
- |
$750,000 |
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39 |
1 |
38 |
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34 |
0 |
34 |
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13.8 |
No Sales |
13.4 |
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$750,000 |
+ |
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39 |
1 |
38 |
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6 |
2 |
4 |
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78.0 |
6.0 |
114.0 |
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Totals |
943 |
47 |
896 |
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1177 |
80 |
1097 |
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9.6 |
7.1 |
9.8 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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112 |
0 |
112 |
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238 |
1 |
237 |
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5.6 |
0.0 |
5.7 |
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$75,000 |
- |
$100,000 |
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119 |
0 |
119 |
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108 |
0 |
108 |
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13.2 |
No Sales |
13.2 |
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$100,000 |
- |
$125,000 |
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72 |
0 |
72 |
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90 |
0 |
90 |
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9.6 |
No Sales |
9.6 |
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$125,000 |
- |
$150,000 |
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78 |
2 |
76 |
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85 |
1 |
84 |
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11.0 |
24.0 |
10.9 |
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$150,000 |
- |
$200,000 |
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59 |
9 |
50 |
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64 |
7 |
57 |
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11.1 |
15.4 |
10.5 |
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$200,000 |
- |
$250,000 |
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23 |
2 |
21 |
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16 |
1 |
15 |
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17.3 |
24.0 |
16.8 |
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$250,000 |
- |
$300,000 |
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14 |
0 |
14 |
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17 |
1 |
16 |
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9.9 |
0.0 |
10.5 |
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$300,000 |
- |
$500,000 |
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19 |
1 |
18 |
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9 |
0 |
9 |
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25.3 |
No Sales |
24.0 |
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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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1 |
0 |
1 |
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48.0 |
No Sales |
48.0 |
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Totals |
503 |
14 |
489 |
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629 |
11 |
618 |
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9.6 |
15.3 |
9.5 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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71 |
0 |
71 |
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88 |
0 |
88 |
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9.7 |
No Sales |
9.7 |
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$75,000 |
- |
$100,000 |
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49 |
0 |
49 |
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38 |
0 |
38 |
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15.5 |
No Sales |
15.5 |
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$100,000 |
- |
$125,000 |
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41 |
0 |
41 |
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58 |
2 |
56 |
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8.5 |
0.0 |
8.8 |
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$125,000 |
- |
$150,000 |
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45 |
0 |
45 |
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34 |
4 |
30 |
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15.9 |
0.0 |
18.0 |
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$150,000 |
- |
$200,000 |
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40 |
1 |
39 |
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36 |
0 |
36 |
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13.3 |
No Sales |
13.0 |
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$200,000 |
- |
$250,000 |
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22 |
2 |
20 |
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31 |
3 |
28 |
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8.5 |
8.0 |
8.6 |
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$250,000 |
- |
$300,000 |
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28 |
9 |
19 |
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21 |
10 |
11 |
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16.0 |
10.8 |
20.7 |
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$300,000 |
- |
$500,000 |
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35 |
6 |
29 |
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33 |
11 |
22 |
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12.7 |
6.5 |
15.8 |
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$500,000 |
- |
$750,000 |
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9 |
0 |
9 |
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6 |
0 |
6 |
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18.0 |
No Sales |
18.0 |
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$750,000 |
+ |
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2 |
0 |
2 |
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1 |
0 |
1 |
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24.0 |
No Sales |
24.0 |
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Totals |
342 |
18 |
324 |
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346 |
30 |
316 |
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11.9 |
7.2 |
12.3 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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82 |
0 |
82 |
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94 |
8 |
86 |
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10.5 |
0.0 |
11.4 |
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$75,000 |
- |
$100,000 |
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34 |
0 |
34 |
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22 |
1 |
21 |
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18.5 |
0.0 |
19.4 |
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$100,000 |
- |
$125,000 |
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13 |
0 |
13 |
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7 |
0 |
7 |
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22.3 |
No Sales |
22.3 |
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$125,000 |
- |
$150,000 |
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15 |
0 |
15 |
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8 |
1 |
7 |
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22.5 |
0.0 |
25.7 |
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$150,000 |
- |
$200,000 |
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15 |
3 |
12 |
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13 |
1 |
12 |
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13.8 |
36.0 |
12.0 |
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$200,000 |
- |
$250,000 |
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7 |
0 |
7 |
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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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3 |
0 |
3 |
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2 |
0 |
2 |
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18.0 |
No Sales |
18.0 |
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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 |
175 |
3 |
172 |
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151 |
11 |
140 |
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13.9 |
3.3 |
14.7 |
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All Area Totals |
1,963 |
82 |
1,881 |
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2,303 |
132 |
2,171 |
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10.2 |
7.5 |
10.4 |
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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 2012
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