Tallahassee Home Inventory Report October 2009
The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of October 6, 2009. 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 is over 14 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)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| All Area Totals | 2464 | 202 | 2262 | 2114 | 223 | 1891 | 14.0 | 10.9 | 14.4 |
Northeast Leon County (Area 1)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| $0 - $75,000 | 3 | 0 | 3 | 3 | 0 | 3 | 12.0 | No Sales | 12.0 |
| $75,000 - $100,000 | 10 | 0 | 10 | 5 | 0 | 5 | 24.0 | No Sales | 24.0 |
| $100,000 - $125,000 | 33 | 1 | 32 | 46 | 0 | 46 | 8.6 | No Sales | 8.3 |
| $125,000 - $150,000 | 72 | 0 | 72 | 75 | 0 | 75 | 11.5 | No Sales | 11.5 |
| $150,000 - $200,000 | 194 | 10 | 184 | 311 | 15 | 296 | 7.5 | 8.0 | 7.5 |
| $200,000 - $250,000 | 201 | 14 | 187 | 216 | 16 | 200 | 11.2 | 10.5 | 11.2 |
| $250,000 - $300,000 | 160 | 7 | 153 | 154 | 21 | 133 | 12.5 | 4.0 | 13.8 |
| $300,000 - $500,000 | 238 | 18 | 220 | 157 | 17 | 140 | 18.2 | 12.7 | 18.9 |
| $500,000 - $750,000 | 69 | 4 | 65 | 37 | 5 | 32 | 22.4 | 9.6 | 24.4 |
| $750,000 + | 57 | 5 | 52 | 16 | 1 | 15 | 42.8 | 60.0 | 41.6 |
| Totals | 1037 | 59 | 978 | 1020 | 75 | 945 | 12.2 | 9.4 | 12.4 |
Northwest Leon County (Area 2)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| $0 - $75,000 | 57 | 0 | 57 | 55 | 0 | 55 | 12.4 | No Sales | 12.4 |
| $75,000 - $100,000 | 126 | 0 | 126 | 71 | 2 | 69 | 21.3 | 0.0 | 21.9 |
| $100,000 - $125,000 | 122 | 1 | 121 | 123 | 4 | 119 | 11.9 | 3.0 | 12.2 |
| $125,000 - $150,000 | 166 | 9 | 157 | 140 | 12 | 128 | 14.2 | 9.0 | 14.7 |
| $150,000 - $200,000 | 199 | 47 | 152 | 115 | 17 | 98 | 20.8 | 33.2 | 18.6 |
| $200,000 - $250,000 | 52 | 11 | 41 | 35 | 13 | 22 | 17.8 | 10.2 | 22.4 |
| $250,000 - $300,000 | 47 | 10 | 37 | 12 | 3 | 9 | 47.0 | 40.0 | 49.3 |
| $300,000 - $500,000 | 35 | 11 | 24 | 22 | 8 | 14 | 19.1 | 16.5 | 20.6 |
| $500,000 - $750,000 | 7 | 4 | 3 | 0 | 0 | 0 | No Sales | No Sales | No Sales |
| $750,000 + | 8 | 0 | 8 | 1 | 0 | 1 | 96.0 | No Sales | 96.0 |
| Totals | 819 | 93 | 726 | 574 | 59 | 515 | 17.1 | 18.9 | 16.9 |
Southeast Leon County (Area 3)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| $0 - $75,000 | 24 | 0 | 24 | 27 | 0 | 27 | 10.7 | No Sales | 10.7 |
| $75,000 - $100,000 | 43 | 0 | 43 | 23 | 0 | 23 | 22.4 | No Sales | 22.4 |
| $100,000 - $125,000 | 43 | 1 | 42 | 43 | 0 | 43 | 12.0 | No Sales | 11.7 |
| $125,000 - $150,000 | 67 | 6 | 61 | 66 | 14 | 52 | 12.2 | 5.1 | 14.1 |
| $150,000 - $200,000 | 79 | 11 | 68 | 114 | 26 | 88 | 8.3 | 5.1 | 9.3 |
| $200,000 - $250,000 | 28 | 4 | 24 | 40 | 5 | 35 | 8.4 | 9.6 | 8.2 |
| $250,000 - $300,000 | 27 | 2 | 25 | 33 | 6 | 27 | 9.8 | 4.0 | 11.1 |
| $300,000 - $500,000 | 33 | 0 | 33 | 32 | 13 | 19 | 12.4 | 0.0 | 20.8 |
| $500,000 - $750,000 | 8 | 1 | 7 | 4 | 1 | 3 | 24.0 | 12.0 | 28.0 |
| $750,000 + | 3 | 0 | 3 | 0 | 0 | 0 | No Sales | No Sales | No Sales |
| Totals | 355 | 25 | 330 | 382 | 65 | 317 | 11.2 | 4.6 | 12.5 |
Southwest Leon County (Area 4)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| $0 - $75,000 | 31 | 0 | 31 | 20 | 2 | 18 | 18.6 | 0.0 | 20.7 |
| $75,000 - $100,000 | 46 | 1 | 45 | 31 | 0 | 31 | 17.8 | No Sales | 17.4 |
| $100,000 - $125,000 | 73 | 9 | 64 | 26 | 2 | 24 | 33.7 | 54.0 | 32.0 |
| $125,000 - $150,000 | 49 | 9 | 40 | 24 | 7 | 17 | 24.5 | 15.4 | 28.2 |
| $150,000 - $200,000 | 29 | 5 | 24 | 23 | 13 | 10 | 15.1 | 4.6 | 28.8 |
| $200,000 - $250,000 | 4 | 0 | 4 | 6 | 0 | 6 | 8.0 | No Sales | 8.0 |
| $250,000 - $300,000 | 10 | 1 | 9 | 3 | 0 | 3 | 40.0 | No Sales | 36.0 |
| $300,000 - $500,000 | 9 | 0 | 9 | 5 | 0 | 5 | 21.6 | No Sales | 21.6 |
| $500,000 - $750,000 | 0 | 0 | 0 | 0 | 0 | 0 | No Sales | No Sales | No Sales |
| $750,000 + | 2 | 0 | 2 | 0 | 0 | 0 | No Sales | No Sales | No Sales |
| Totals | 253 | 25 | 228 | 138 | 24 | 114 | 22.0 | 12.5 | 24.0 |
* 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 Oct 09
Please Do Us A Small Favor
We work very hard to produce daily content for our long-time readers and first-time visitors. We provide this information for free, hoping to earn your respect and trust and the right to one-day help you when selling or buying a home. Can we get your help spreading the word about our blog?
If you like the content, would you please like it or share it using the Facebook button at the beginning of the post? This simple action will be greatly appreciated! THANK YOU!
Also like us on Facebook at https://www.facebook.com/joemanausarealestate/
Your Local Expert In Tallahassee
When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.
As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.
Have you heard about my new book "The Business of Getting Business?" It's a comprehensive guide for small businesses to help them make the move to digital. For those of us who want to survive and thrive in a world where large corporations are taking over, it is a must-read. It's also the perfect guide for how to sell a home in the digital age. You can find The Business Of Getting Business by clicking on any of the trusted retailers below.
 |
 |
|||
 |
 |
|||
Think all REALTORS are alike?
Read what people are saying about working with Joe Manausa Real Estate! You can see thousands of real customer reviews reported on Google, Facebook and Zillow at this link: CLICK HERE FOR REAL ESTATE AGENT REVIEWS.
Post a Comment