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
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.
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Leon County Home Inventory Report |
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Residential Supply October 2012 |
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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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15 |
0 |
15 |
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28 |
0 |
28 |
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6.4 |
No Sales |
6.4 |
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$75,000 |
- |
$100,000 |
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55 |
0 |
55 |
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59 |
0 |
59 |
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11.2 |
No Sales |
11.2 |
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$100,000 |
- |
$125,000 |
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47 |
0 |
47 |
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63 |
0 |
63 |
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9.0 |
No Sales |
9.0 |
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$125,000 |
- |
$150,000 |
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65 |
0 |
65 |
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129 |
3 |
126 |
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6.0 |
0.0 |
6.2 |
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$150,000 |
- |
$200,000 |
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170 |
0 |
170 |
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321 |
2 |
319 |
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6.4 |
0.0 |
6.4 |
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$200,000 |
- |
$250,000 |
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164 |
15 |
149 |
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235 |
28 |
207 |
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8.4 |
6.4 |
8.6 |
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$250,000 |
- |
$300,000 |
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126 |
23 |
103 |
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123 |
27 |
96 |
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12.3 |
10.2 |
12.9 |
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$300,000 |
- |
$500,000 |
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182 |
11 |
171 |
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193 |
17 |
176 |
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11.3 |
7.8 |
11.7 |
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$500,000 |
- |
$750,000 |
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42 |
1 |
41 |
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32 |
0 |
32 |
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15.8 |
No Sales |
15.4 |
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$750,000 |
+ |
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38 |
1 |
37 |
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5 |
2 |
3 |
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91.2 |
6.0 |
148.0 |
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Totals |
904 |
51 |
853 |
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1188 |
79 |
1109 |
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9.1 |
7.7 |
9.2 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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137 |
0 |
137 |
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234 |
1 |
233 |
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7.0 |
0.0 |
7.1 |
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$75,000 |
- |
$100,000 |
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127 |
0 |
127 |
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108 |
0 |
108 |
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14.1 |
No Sales |
14.1 |
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$100,000 |
- |
$125,000 |
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79 |
0 |
79 |
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89 |
0 |
89 |
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10.7 |
No Sales |
10.7 |
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$125,000 |
- |
$150,000 |
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65 |
1 |
64 |
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85 |
1 |
84 |
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9.2 |
12.0 |
9.1 |
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$150,000 |
- |
$200,000 |
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61 |
9 |
52 |
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63 |
6 |
57 |
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11.6 |
18.0 |
10.9 |
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$200,000 |
- |
$250,000 |
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19 |
1 |
18 |
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15 |
1 |
14 |
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15.2 |
12.0 |
15.4 |
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$250,000 |
- |
$300,000 |
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14 |
1 |
13 |
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14 |
1 |
13 |
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12.0 |
12.0 |
12.0 |
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$300,000 |
- |
$500,000 |
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17 |
1 |
16 |
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10 |
0 |
10 |
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20.4 |
No Sales |
19.2 |
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$500,000 |
- |
$750,000 |
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3 |
0 |
3 |
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1 |
0 |
1 |
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36.0 |
No Sales |
36.0 |
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$750,000 |
+ |
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3 |
0 |
3 |
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1 |
0 |
1 |
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36.0 |
No Sales |
36.0 |
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Totals |
525 |
13 |
512 |
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620 |
10 |
610 |
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10.2 |
15.6 |
10.1 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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72 |
0 |
72 |
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83 |
0 |
83 |
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10.4 |
No Sales |
10.4 |
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$75,000 |
- |
$100,000 |
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48 |
0 |
48 |
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41 |
0 |
41 |
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14.0 |
No Sales |
14.0 |
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$100,000 |
- |
$125,000 |
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38 |
0 |
38 |
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53 |
2 |
51 |
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8.6 |
0.0 |
8.9 |
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$125,000 |
- |
$150,000 |
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43 |
0 |
43 |
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37 |
4 |
33 |
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13.9 |
0.0 |
15.6 |
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$150,000 |
- |
$200,000 |
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42 |
0 |
42 |
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35 |
0 |
35 |
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14.4 |
No Sales |
14.4 |
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$200,000 |
- |
$250,000 |
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20 |
2 |
18 |
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33 |
3 |
30 |
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7.3 |
8.0 |
7.2 |
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$250,000 |
- |
$300,000 |
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24 |
7 |
17 |
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24 |
11 |
13 |
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12.0 |
7.6 |
15.7 |
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$300,000 |
- |
$500,000 |
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27 |
6 |
21 |
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34 |
13 |
21 |
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9.5 |
5.5 |
12.0 |
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$500,000 |
- |
$750,000 |
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10 |
0 |
10 |
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4 |
0 |
4 |
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30.0 |
No Sales |
30.0 |
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$750,000 |
+ |
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2 |
0 |
2 |
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1 |
0 |
1 |
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24.0 |
No Sales |
24.0 |
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Totals |
326 |
15 |
311 |
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345 |
33 |
312 |
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11.3 |
5.5 |
12.0 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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76 |
0 |
76 |
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100 |
8 |
92 |
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9.1 |
0.0 |
9.9 |
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$75,000 |
- |
$100,000 |
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33 |
0 |
33 |
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20 |
0 |
20 |
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19.8 |
No Sales |
19.8 |
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$100,000 |
- |
$125,000 |
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13 |
0 |
13 |
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7 |
0 |
7 |
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22.3 |
No Sales |
22.3 |
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$125,000 |
- |
$150,000 |
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13 |
0 |
13 |
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6 |
1 |
5 |
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26.0 |
0.0 |
31.2 |
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$150,000 |
- |
$200,000 |
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12 |
2 |
10 |
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14 |
1 |
13 |
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10.3 |
24.0 |
9.2 |
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$200,000 |
- |
$250,000 |
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7 |
0 |
7 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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$250,000 |
- |
$300,000 |
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5 |
0 |
5 |
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5 |
0 |
5 |
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12.0 |
No Sales |
12.0 |
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$300,000 |
- |
$500,000 |
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3 |
0 |
3 |
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2 |
0 |
2 |
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18.0 |
No Sales |
18.0 |
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$500,000 |
- |
$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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$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 |
164 |
2 |
162 |
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154 |
10 |
144 |
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12.8 |
2.4 |
13.5 |
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All Area Totals |
1,919 |
81 |
1,838 |
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2,307 |
132 |
2,175 |
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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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