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Tallahassee Home Inventory Report October 2012

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of October 10, 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

Tallahassee Real Estate Report

Real Estate Supply And Demand In Tallahassee Florida

Currently, there are 10.0 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 October 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 28 0 28 6.4 No Sales 6.4
$75,000 - $100,000   55 0 55 59 0 59 11.2 No Sales 11.2
$100,000 - $125,000   47 0 47 63 0 63 9.0 No Sales 9.0
$125,000 - $150,000   65 0 65 129 3 126 6.0 0.0 6.2
$150,000 - $200,000   170 0 170 321 2 319 6.4 0.0 6.4
$200,000 - $250,000   164 15 149 235 28 207 8.4 6.4 8.6
$250,000 - $300,000   126 23 103 123 27 96 12.3 10.2 12.9
$300,000 - $500,000   182 11 171 193 17 176 11.3 7.8 11.7
$500,000 - $750,000   42 1 41 32 0 32 15.8 No Sales 15.4
$750,000 +     38 1 37 5 2 3 91.2 6.0 148.0
Totals 904 51 853 1188 79 1109 9.1 7.7 9.2
   
Northwest Leon County (Area 2)
$0 - $75,000   137 0 137 234 1 233 7.0 0.0 7.1
$75,000 - $100,000   127 0 127 108 0 108 14.1 No Sales 14.1
$100,000 - $125,000   79 0 79 89 0 89 10.7 No Sales 10.7
$125,000 - $150,000   65 1 64 85 1 84 9.2 12.0 9.1
$150,000 - $200,000   61 9 52 63 6 57 11.6 18.0 10.9
$200,000 - $250,000   19 1 18 15 1 14 15.2 12.0 15.4
$250,000 - $300,000   14 1 13 14 1 13 12.0 12.0 12.0
$300,000 - $500,000   17 1 16 10 0 10 20.4 No Sales 19.2
$500,000 - $750,000   3 0 3 1 0 1 36.0 No Sales 36.0
$750,000 +     3 0 3 1 0 1 36.0 No Sales 36.0
Totals 525 13 512 620 10 610 10.2 15.6 10.1
   
SouthEast Leon County (Area 3)
$0 - $75,000   72 0 72 83 0 83 10.4 No Sales 10.4
$75,000 - $100,000   48 0 48 41 0 41 14.0 No Sales 14.0
$100,000 - $125,000   38 0 38 53 2 51 8.6 0.0 8.9
$125,000 - $150,000   43 0 43 37 4 33 13.9 0.0 15.6
$150,000 - $200,000   42 0 42 35 0 35 14.4 No Sales 14.4
$200,000 - $250,000   20 2 18 33 3 30 7.3 8.0 7.2
$250,000 - $300,000   24 7 17 24 11 13 12.0 7.6 15.7
$300,000 - $500,000   27 6 21 34 13 21 9.5 5.5 12.0
$500,000 - $750,000   10 0 10 4 0 4 30.0 No Sales 30.0
$750,000 +     2 0 2 1 0 1 24.0 No Sales 24.0
Totals 326 15 311 345 33 312 11.3 5.5 12.0
   
Southwest Leon County (Area 4)
$0 - $75,000   76 0 76 100 8 92 9.1 0.0 9.9
$75,000 - $100,000   33 0 33 20 0 20 19.8 No Sales 19.8
$100,000 - $125,000   13 0 13 7 0 7 22.3 No Sales 22.3
$125,000 - $150,000   13 0 13 6 1 5 26.0 0.0 31.2
$150,000 - $200,000   12 2 10 14 1 13 10.3 24.0 9.2
$200,000 - $250,000   7 0 7 0 0 0 No Sales No Sales No Sales
$250,000 - $300,000   5 0 5 5 0 5 12.0 No Sales 12.0
$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 164 2 162 154 10 144 12.8 2.4 13.5
All Area Totals 1,919 81 1,838 2,307 132 2,175 10.0 7.4 10.1
   

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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 2012

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Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917