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Tallahassee Home Inventory Report October 2011

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

Real Estate Supply And Demand In Tallahassee Florida

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.

Leon County Home Inventory Report
Residential Supply October 2011
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 13 0 13 24 0 24 6.5 No Sales 6.5
$75,000 - $100,000 38 0 38 47 0 47 9.7 No Sales 9.7
$100,000 - $125,000 45 0 45 75 0 75 7.2 No Sales 7.2
$125,000 - $150,000 84 1 83 82 1 81 12.3 12.0 12.3
$150,000 - $200,000 212 1 211 285 4 281 8.9 3.0 9.0
$200,000 - $250,000 163 15 148 210 22 188 9.3 8.2 9.4
$250,000 - $300,000 113 13 100 137 17 120 9.9 9.2 10.0
$300,000 - $500,000 192 10 182 178 12 166 12.9 10.0 13.2
$500,000 - $750,000 46 0 46 34 2 32 16.2 0.0 17.3
$750,000 + 30 1 29 10 1 9 36.0 12.0 38.7
Totals 936 41 895 1082 59 1023 10.4 8.3 10.5
Northwest Leon County (Area 2)
$0 - $75,000 130 1 129 185 1 184 8.4 12.0 8.4
$75,000 - $100,000 137 0 137 113 1 112 14.5 0.0 14.7
$100,000 - $125,000 83 0 83 96 0 96 10.4 No Sales 10.4
$125,000 - $150,000 102 3 99 73 4 69 16.8 9.0 17.2
$150,000 - $200,000 79 13 66 87 9 78 10.9 17.3 10.2
$200,000 - $250,000 29 4 25 21 2 19 16.6 24.0 15.8
$250,000 - $300,000 21 2 19 10 1 9 25.2 24.0 25.3
$300,000 - $500,000 22 1 21 16 2 14 16.5 6.0 18.0
$500,000 - $750,000 2 0 2 3 0 3 8.0 No Sales 8.0
$750,000 + 8 0 8 1 0 1 96.0 No Sales 96.0
Totals 613 24 589 605 20 585 12.2 14.4 12.1
SouthEast Leon County (Area 3)
$0 - $75,000 58 0 58 84 0 84 8.3 No Sales 8.3
$75,000 - $100,000 56 1 55 38 0 38 17.7 No Sales 17.4
$100,000 - $125,000 48 2 46 54 3 51 10.7 8.0 10.8
$125,000 - $150,000 39 5 34 51 7 44 9.2 8.6 9.3
$150,000 - $200,000 47 4 43 47 2 45 12.0 24.0 11.5
$200,000 - $250,000 20 2 18 29 4 25 8.3 6.0 8.6
$250,000 - $300,000 22 6 16 26 9 17 10.2 8.0 11.3
$300,000 - $500,000 24 7 17 27 10 17 10.7 8.4 12.0
$500,000 - $750,000 13 0 13 9 3 6 17.3 0.0 26.0
$750,000 + 4 0 4 1 0 1 48.0 No Sales 48.0
Totals 331 27 304 366 38 328 10.9 8.5 11.1
Southwest Leon County (Area 4)
$0 - $75,000 73 0 73 97 0 97 9 No Sales 9
$75,000 - $100,000 49 8 41 27 3 24 22 32 21
$100,000 - $125,000 33 0 33 11 4 7 36 0 57
$125,000 - $150,000 16 1 15 9 2 7 21 6 26
$150,000 - $200,000 25 2 23 7 2 5 43 12 55
$200,000 - $250,000 6 0 6 1 0 1 72 No Sales 72
$250,000 - $300,000 14 0 14 1 0 1 168 No Sales 168
$300,000 - $500,000 9 0 9 0 0 0 No Sales No Sales No Sales
$500,000 - $750,000 0 0 0 0 0 0 No Sales No Sales No Sales
$750,000 + 1 0 1 0 0 0 No Sales No Sales No Sales
Totals 226 11 215 153 11 142 18 12 18
All Area Totals 2,106 103 2,003 2,206 128 2,078 11 10 12
 

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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 October 2011

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