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Tallahassee Home Inventory Report September 2012

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

More Declining Real Estate Inventory In Tallahassee Florida

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.

Leon County Home Inventory Report
Residential Supply September 2012
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   15 0 15 27 0 27 6.7 No Sales 6.7
$75,000 - $100,000   51 0 51 60 0 60 10.2 No Sales 10.2
$100,000 - $125,000   62 0 62 59 0 59 12.6 No Sales 12.6
$125,000 - $150,000   74 0 74 129 4 125 6.9 0.0 7.1
$150,000 - $200,000   169 0 169 327 3 324 6.2 0.0 6.3
$200,000 - $250,000   173 12 161 228 27 201 9.1 5.3 9.6
$250,000 - $300,000   124 22 102 120 27 93 12.4 9.8 13.2
$300,000 - $500,000   197 11 186 187 17 170 12.6 7.8 13.1
$500,000 - $750,000   39 1 38 34 0 34 13.8 No Sales 13.4
$750,000 +     39 1 38 6 2 4 78.0 6.0 114.0
Totals 943 47 896 1177 80 1097 9.6 7.1 9.8
Northwest Leon County (Area 2)
$0 - $75,000   112 0 112 238 1 237 5.6 0.0 5.7
$75,000 - $100,000   119 0 119 108 0 108 13.2 No Sales 13.2
$100,000 - $125,000   72 0 72 90 0 90 9.6 No Sales 9.6
$125,000 - $150,000   78 2 76 85 1 84 11.0 24.0 10.9
$150,000 - $200,000   59 9 50 64 7 57 11.1 15.4 10.5
$200,000 - $250,000   23 2 21 16 1 15 17.3 24.0 16.8
$250,000 - $300,000   14 0 14 17 1 16 9.9 0.0 10.5
$300,000 - $500,000   19 1 18 9 0 9 25.3 No Sales 24.0
$500,000 - $750,000   3 0 3 1 0 1 36.0 No Sales 36.0
$750,000 +     4 0 4 1 0 1 48.0 No Sales 48.0
Totals 503 14 489 629 11 618 9.6 15.3 9.5
SouthEast Leon County (Area 3)
$0 - $75,000   71 0 71 88 0 88 9.7 No Sales 9.7
$75,000 - $100,000   49 0 49 38 0 38 15.5 No Sales 15.5
$100,000 - $125,000   41 0 41 58 2 56 8.5 0.0 8.8
$125,000 - $150,000   45 0 45 34 4 30 15.9 0.0 18.0
$150,000 - $200,000   40 1 39 36 0 36 13.3 No Sales 13.0
$200,000 - $250,000   22 2 20 31 3 28 8.5 8.0 8.6
$250,000 - $300,000   28 9 19 21 10 11 16.0 10.8 20.7
$300,000 - $500,000   35 6 29 33 11 22 12.7 6.5 15.8
$500,000 - $750,000   9 0 9 6 0 6 18.0 No Sales 18.0
$750,000 +     2 0 2 1 0 1 24.0 No Sales 24.0
Totals 342 18 324 346 30 316 11.9 7.2 12.3
Southwest Leon County (Area 4)
$0 - $75,000   82 0 82 94 8 86 10.5 0.0 11.4
$75,000 - $100,000   34 0 34 22 1 21 18.5 0.0 19.4
$100,000 - $125,000   13 0 13 7 0 7 22.3 No Sales 22.3
$125,000 - $150,000   15 0 15 8 1 7 22.5 0.0 25.7
$150,000 - $200,000   15 3 12 13 1 12 13.8 36.0 12.0
$200,000 - $250,000   7 0 7 0 0 0 No Sales No Sales No Sales
$250,000 - $300,000   4 0 4 5 0 5 9.6 No Sales 9.6
$300,000 - $500,000   3 0 3 2 0 2 18.0 No Sales 18.0
$500,000 - $750,000   1 0 1 0 0 0 No Sales No Sales No Sales
$750,000 +     1 0 1 0 0 0 No Sales No Sales No Sales
Totals 175 3 172 151 11 140 13.9 3.3 14.7
All Area Totals 1,963 82 1,881 2,303 132 2,171 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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