Tallahassee Home Inventory Report November 2009

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of November 6, 2009. 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 is over 14 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)

For Sale Sold Supply
PRICE RANGE All New Resale All New Resale All New Resale
All Area Totals 2449 201 2248 2152 222 1930 13.7 10.9 14.0

Northeast Leon County (Area 1)

For Sale Sold Supply
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 2 0 2 3 0 3 8.0 No Sales 8.0
$75,000 - $100,000 12 0 12 5 0 5 28.8 No Sales 28.8
$100,000 - $125,000 42 1 41 53 0 53 9.5 No Sales 9.3
$125,000 - $150,000 68 0 68 83 0 83 9.8 No Sales 9.8
$150,000 - $200,000 177 6 171 319 19 300 6.7 3.8 6.8
$200,000 - $250,000 195 15 180 221 17 204 10.6 10.6 10.6
$250,000 - $300,000 154 8 146 157 20 137 11.8 4.8 12.8
$300,000 - $500,000 233 18 215 158 14 144 17.7 15.4 17.9
$500,000 - $750,000 69 4 65 36 4 32 23.0 12.0 24.4
$750,000 + 53 3 50 18 2 16 35.3 18.0 37.5
Totals 1005 55 950 1053 76 977 11.5 8.7 11.7

Northwest Leon County (Area 2)

For Sale Sold Supply
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 62 0 62 55 0 55 13.5 No Sales 13.5
$75,000 - $100,000 124 0 124 73 2 71 20.4 0.0 21.0
$100,000 - $125,000 128 1 127 127 4 123 12.1 3.0 12.4
$125,000 - $150,000 159 7 152 142 11 131 13.4 7.6 13.9
$150,000 - $200,000 186 47 139 119 16 103 18.8 35.3 16.2
$200,000 - $250,000 49 12 37 33 12 21 17.8 12.0 21.1
$250,000 - $300,000 52 10 42 11 2 9 56.7 60.0 56.0
$300,000 - $500,000 34 12 22 20 8 12 20.4 18.0 22.0
$500,000 - $750,000 7 4 3 0 0 0 No Sales No Sales No Sales
$750,000 + 9 0 9 1 0 1 108.0 No Sales 108.0
Totals 810 93 717 581 55 526 16.7 20.3 16.4

Southeast Leon County (Area 3)

For Sale Sold Supply
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 28 0 28 25 0 25 13.4 No Sales 13.4
$75,000 - $100,000 46 1 45 21 0 21 26.3 No Sales 25.7
$100,000 - $125,000 53 1 52 39 0 39 16.3 No Sales 16.0
$125,000 - $150,000 71 7 64 65 15 50 13.1 5.6 15.4
$150,000 - $200,000 68 11 57 115 26 89 7.1 5.1 7.7
$200,000 - $250,000 29 3 26 41 5 36 8.5 7.2 8.7
$250,000 - $300,000 24 2 22 35 6 29 8.2 4.0 9.1
$300,000 - $500,000 31 0 31 34 12 22 10.9 0.0 16.9
$500,000 - $750,000 7 1 6 4 1 3 21.0 12.0 24.0
$750,000 + 3 0 3 0 0 0 No Sales No Sales No Sales
Totals 360 26 334 379 65 314 11.4 4.8 12.8

Southwest Leon County (Area 4)

For Sale Sold Supply
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 36 0 36 21 2 19 20.6 0.0 22.7
$75,000 - $100,000 49 3 46 30 0 30 19.6 No Sales 18.4
$100,000 - $125,000 80 10 70 25 2 23 38.4 60.0 36.5
$125,000 - $150,000 51 9 42 24 9 15 25.5 12.0 33.6
$150,000 - $200,000 32 4 28 25 13 12 15.4 3.7 28.0
$200,000 - $250,000 4 0 4 6 0 6 8.0 No Sales 8.0
$250,000 - $300,000 10 1 9 3 0 3 40.0 No Sales 36.0
$300,000 - $500,000 9 0 9 5 0 5 21.6 No Sales 21.6
$500,000 - $750,000 1 0 1 0 0 0 No Sales No Sales No Sales
$750,000 + 2 0 2 0 0 0 No Sales No Sales No Sales
Totals 274 27 247 139 26 113 23.7 12.5 26.2

* 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 Nov 09

Please Do Us A Small Favor

We work very hard to produce daily content for our long-time readers and first-time visitors. We provide this information for free, hoping to earn your respect and trust and the right to one-day help you when selling or buying a home. Can we get your help spreading the word about our blog?

If you like the content, would you please like it or share it using the Facebook button at the beginning of the post? This simple action will be greatly appreciated! THANK YOU!

Please Like Us And Share On Facebook - Help us grow our brand!

Also like us on Facebook at https://www.facebook.com/joemanausarealestate/

Your Local Expert In Tallahassee

When moving to, in, or from Tallahassee, you will fare better if you work with a local expert. We are here to help. If you have further questions on the Tallahassee real estate market, you can leave a comment below, give us a call at (850) 366-8917, or drop us a note and we'll give you the local information needed to ensure a successful, smooth transaction.

As a local born and raised in Tallahassee with a focus on customer service, I promise you'll find great success when working with Joe Manausa Real Estate, just as have our past customers. You can read thousands of their reviews reported on Google, Facebook and Zillow right here: Real Estate Agent Reviews Tallahassee.

The digital marketing guide for small businessesHave you heard about my new book "The Business of Getting Business?" It's a comprehensive guide for small businesses to help them make the move to digital. For those of us who want to survive and thrive in a world where large corporations are taking over, it is a must-read. It's also the perfect guide for how to sell a home in the digital age. You can find The Business Of Getting Business from each of the trusted retailers below.

Real Estate Agent reveals in Tallahassee, Florida

Think all REALTORS are alike?

Read what people are saying about working with Joe Manausa Real Estate! You can see thousands of real customer reviews reported on Google, Facebook and Zillow at this link: CLICK HERE FOR REAL ESTATE AGENT REVIEWS.

Post a Comment

Have a Question or Want a Free Market Report?

Contact Us
Questions? We're Here to Help