Tallahassee Home Inventory Report October 2010

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of October 10, 2010. 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 are more than 12 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)

Leon County (All) For SaleSoldMonths of Supply
PRICE RANGE
All Area Totals
All New Resale
2570 146 2424
All New Resale
2428 245 2183
All New Resale
12.7 7.2 13.3
Northeast Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
6 0 6
36 0 36
69 0 69
105 0 105
236 4 232
193 17 176
148 7 141
210 13 197
64 0 64
44 2 42
1111 43 1068
All New Resale
72 0 72
82 0 82
81 0 81
94 0 94
316 15 301
215 24 191
171 23 148
181 11 170
30 2 28
9 2 7
1251 77 1174
All New Resale
1.0 No Sales 1.0
5.3 No Sales 5.3
10.2 No Sales 10.2
13.4 No Sales 13.4
9.0 3.2 9.2
10.8 8.5 11.1
10.4 3.7 11.4
13.9 14.2 13.9
25.6 0.0 27.4
58.7 12.0 72.0
10.7 6.7 10.9
Northwest Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
109 0 109
152 0 152
130 0 130
123 4 119
157 21 136
46 8 38
41 12 29
30 5 25
7 3 4
5 0 5
800 53 747
All New Resale
79 0 79
114 0 114
112 4 108
105 8 97
140 33 107
26 6 20
17 2 15
8 1 7
3 0 3
0 0 0
604 54 550
All New Resale
16.6 No Sales 16.6
16.0 No Sales 16.0
13.9 0.0 14.4
14.1 6.0 14.7
13.5 7.6 15.3
21.2 16.0 22.8
28.9 72.0 23.2
45.0 60.0 42.9
28.0 No Sales 16.0
No Sales No Sales No Sales
15.9 11.8 16.3
Southeast Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
47 0 47
43 0 43
50 2 48
62 8 54
72 10 62
37 2 35
22 4 18
32 2 30
6 1 5
4 0 4
375 29 346
All New Resale
50 0 50
25 1 24
47 0 47
90 16 74
91 34 57
50 23 27
30 8 22
29 5 24
5 0 5
2 0 2
419 87 332
All New Resale
11.3 No Sales 11.3
20.6 0.0 21.5
12.8 No Sales 12.3
8.3 6.0 8.8
9.5 3.5 13.1
8.9 1.0 15.6
8.8 6.0 9.8
13.2 4.8 15.0
14.4 No Sales 12.0
24.0 No Sales 24.0
10.7 4.0 12.5
Southwest Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
88 0 88
51 3 48
50 4 46
39 7 32
27 6 21
5 0 5
11 0 11
10 1 9
2 0 2
1 0 1
284 21 263
All New Resale
39 0 39
36 1 35
28 2 26
17 6 11
27 16 11
4 2 2
1 0 1
2 0 2
0 0 0
0 0 0
154 27 127
All New Resale
27.1 No Sales 27.1
17.0 36.0 16.5
21.4 24.0 21.2
27.5 14.0 34.9
12.0 4.5 22.9
15.0 0.0 30.0
132.0 No Sales 132.0
60.0 No Sales 54.0
No Sales No Sales No Sales
No Sales No Sales No Sales
22.1 9.3 24.9

* 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 October 2010

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