The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of October 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
Currently, there are over 11 months of supply of homes on the market in Tallahassee, and though the relative supply fell again 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 Home Inventory Report |
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Residential Supply October 2011 |
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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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13 |
0 |
13 |
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24 |
0 |
24 |
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6.5 |
No Sales |
6.5 |
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$75,000 |
- |
$100,000 |
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38 |
0 |
38 |
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47 |
0 |
47 |
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9.7 |
No Sales |
9.7 |
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$100,000 |
- |
$125,000 |
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45 |
0 |
45 |
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75 |
0 |
75 |
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7.2 |
No Sales |
7.2 |
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$125,000 |
- |
$150,000 |
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84 |
1 |
83 |
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82 |
1 |
81 |
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12.3 |
12.0 |
12.3 |
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$150,000 |
- |
$200,000 |
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212 |
1 |
211 |
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285 |
4 |
281 |
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8.9 |
3.0 |
9.0 |
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$200,000 |
- |
$250,000 |
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163 |
15 |
148 |
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210 |
22 |
188 |
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9.3 |
8.2 |
9.4 |
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$250,000 |
- |
$300,000 |
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113 |
13 |
100 |
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137 |
17 |
120 |
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9.9 |
9.2 |
10.0 |
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$300,000 |
- |
$500,000 |
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192 |
10 |
182 |
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178 |
12 |
166 |
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12.9 |
10.0 |
13.2 |
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$500,000 |
- |
$750,000 |
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46 |
0 |
46 |
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34 |
2 |
32 |
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16.2 |
0.0 |
17.3 |
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$750,000 |
+ |
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30 |
1 |
29 |
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10 |
1 |
9 |
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36.0 |
12.0 |
38.7 |
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Totals |
936 |
41 |
895 |
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1082 |
59 |
1023 |
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10.4 |
8.3 |
10.5 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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130 |
1 |
129 |
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185 |
1 |
184 |
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8.4 |
12.0 |
8.4 |
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$75,000 |
- |
$100,000 |
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137 |
0 |
137 |
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113 |
1 |
112 |
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14.5 |
0.0 |
14.7 |
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$100,000 |
- |
$125,000 |
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83 |
0 |
83 |
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96 |
0 |
96 |
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10.4 |
No Sales |
10.4 |
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$125,000 |
- |
$150,000 |
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102 |
3 |
99 |
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73 |
4 |
69 |
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16.8 |
9.0 |
17.2 |
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$150,000 |
- |
$200,000 |
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79 |
13 |
66 |
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87 |
9 |
78 |
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10.9 |
17.3 |
10.2 |
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$200,000 |
- |
$250,000 |
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29 |
4 |
25 |
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21 |
2 |
19 |
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16.6 |
24.0 |
15.8 |
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$250,000 |
- |
$300,000 |
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21 |
2 |
19 |
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10 |
1 |
9 |
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25.2 |
24.0 |
25.3 |
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$300,000 |
- |
$500,000 |
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22 |
1 |
21 |
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16 |
2 |
14 |
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16.5 |
6.0 |
18.0 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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3 |
0 |
3 |
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8.0 |
No Sales |
8.0 |
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$750,000 |
+ |
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8 |
0 |
8 |
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1 |
0 |
1 |
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96.0 |
No Sales |
96.0 |
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Totals |
613 |
24 |
589 |
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605 |
20 |
585 |
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12.2 |
14.4 |
12.1 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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58 |
0 |
58 |
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84 |
0 |
84 |
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8.3 |
No Sales |
8.3 |
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$75,000 |
- |
$100,000 |
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56 |
1 |
55 |
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38 |
0 |
38 |
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17.7 |
No Sales |
17.4 |
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$100,000 |
- |
$125,000 |
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48 |
2 |
46 |
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54 |
3 |
51 |
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10.7 |
8.0 |
10.8 |
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$125,000 |
- |
$150,000 |
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39 |
5 |
34 |
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51 |
7 |
44 |
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9.2 |
8.6 |
9.3 |
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$150,000 |
- |
$200,000 |
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47 |
4 |
43 |
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47 |
2 |
45 |
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12.0 |
24.0 |
11.5 |
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$200,000 |
- |
$250,000 |
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20 |
2 |
18 |
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29 |
4 |
25 |
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8.3 |
6.0 |
8.6 |
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$250,000 |
- |
$300,000 |
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22 |
6 |
16 |
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26 |
9 |
17 |
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10.2 |
8.0 |
11.3 |
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$300,000 |
- |
$500,000 |
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24 |
7 |
17 |
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27 |
10 |
17 |
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10.7 |
8.4 |
12.0 |
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$500,000 |
- |
$750,000 |
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13 |
0 |
13 |
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9 |
3 |
6 |
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17.3 |
0.0 |
26.0 |
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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 |
331 |
27 |
304 |
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366 |
38 |
328 |
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10.9 |
8.5 |
11.1 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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73 |
0 |
73 |
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97 |
0 |
97 |
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9 |
No Sales |
9 |
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$75,000 |
- |
$100,000 |
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49 |
8 |
41 |
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27 |
3 |
24 |
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22 |
32 |
21 |
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$100,000 |
- |
$125,000 |
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33 |
0 |
33 |
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11 |
4 |
7 |
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36 |
0 |
57 |
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$125,000 |
- |
$150,000 |
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16 |
1 |
15 |
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9 |
2 |
7 |
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21 |
6 |
26 |
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$150,000 |
- |
$200,000 |
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25 |
2 |
23 |
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7 |
2 |
5 |
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43 |
12 |
55 |
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$200,000 |
- |
$250,000 |
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6 |
0 |
6 |
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1 |
0 |
1 |
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72 |
No Sales |
72 |
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$250,000 |
- |
$300,000 |
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14 |
0 |
14 |
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1 |
0 |
1 |
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168 |
No Sales |
168 |
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$300,000 |
- |
$500,000 |
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9 |
0 |
9 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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$500,000 |
- |
$750,000 |
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0 |
0 |
0 |
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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 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
226 |
11 |
215 |
|
153 |
11 |
142 |
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18 |
12 |
18 |
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All Area Totals |
2,106 |
103 |
2,003 |
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2,206 |
128 |
2,078 |
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11 |
10 |
12 |
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If you would like to receive a free monthly market update, just subscribe to the Tallahassee Real Estate Newsletter and it will be delivered to your email inbox each month.
* 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 2011
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