The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of November 3, 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.
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Leon County Home Inventory Report |
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Residential Supply November 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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27 |
0 |
27 |
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5.8 |
No Sales |
5.8 |
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$75,000 |
- |
$100,000 |
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40 |
0 |
40 |
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54 |
0 |
54 |
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8.9 |
No Sales |
8.9 |
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$100,000 |
- |
$125,000 |
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46 |
0 |
46 |
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72 |
0 |
72 |
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7.7 |
No Sales |
7.7 |
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$125,000 |
- |
$150,000 |
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83 |
1 |
82 |
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81 |
1 |
80 |
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12.3 |
12.0 |
12.3 |
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$150,000 |
- |
$200,000 |
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210 |
0 |
210 |
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285 |
4 |
281 |
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8.8 |
0.0 |
9.0 |
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$200,000 |
- |
$250,000 |
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178 |
14 |
164 |
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201 |
21 |
180 |
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10.6 |
8.0 |
10.9 |
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$250,000 |
- |
$300,000 |
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111 |
15 |
96 |
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130 |
18 |
112 |
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10.2 |
10.0 |
10.3 |
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$300,000 |
- |
$500,000 |
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176 |
7 |
169 |
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181 |
15 |
166 |
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11.7 |
5.6 |
12.2 |
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$500,000 |
- |
$750,000 |
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46 |
0 |
46 |
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36 |
2 |
34 |
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15.3 |
0.0 |
16.2 |
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$750,000 |
+ |
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28 |
1 |
27 |
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11 |
1 |
10 |
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30.5 |
12.0 |
32.4 |
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Totals |
931 |
38 |
893 |
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1078 |
62 |
1016 |
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10.4 |
7.4 |
10.5 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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140 |
1 |
139 |
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192 |
1 |
191 |
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8.8 |
12.0 |
8.7 |
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$75,000 |
- |
$100,000 |
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137 |
0 |
137 |
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109 |
0 |
109 |
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15.1 |
No Sales |
15.1 |
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$100,000 |
- |
$125,000 |
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80 |
0 |
80 |
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97 |
0 |
97 |
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9.9 |
No Sales |
9.9 |
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$125,000 |
- |
$150,000 |
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103 |
2 |
101 |
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71 |
4 |
67 |
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17.4 |
6.0 |
18.1 |
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$150,000 |
- |
$200,000 |
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72 |
13 |
59 |
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89 |
9 |
80 |
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9.7 |
17.3 |
8.9 |
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$200,000 |
- |
$250,000 |
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29 |
4 |
25 |
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22 |
2 |
20 |
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15.8 |
24.0 |
15.0 |
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$250,000 |
- |
$300,000 |
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21 |
2 |
19 |
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13 |
1 |
12 |
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19.4 |
24.0 |
19.0 |
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$300,000 |
- |
$500,000 |
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20 |
1 |
19 |
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16 |
2 |
14 |
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15.0 |
6.0 |
16.3 |
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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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6 |
0 |
6 |
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1 |
0 |
1 |
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72.0 |
No Sales |
72.0 |
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Totals |
610 |
23 |
587 |
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613 |
19 |
594 |
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11.9 |
14.5 |
11.9 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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62 |
0 |
62 |
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90 |
0 |
90 |
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8.3 |
No Sales |
8.3 |
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$75,000 |
- |
$100,000 |
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56 |
0 |
56 |
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40 |
0 |
40 |
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16.8 |
No Sales |
16.8 |
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$100,000 |
- |
$125,000 |
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41 |
2 |
39 |
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53 |
3 |
50 |
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9.3 |
8.0 |
9.4 |
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$125,000 |
- |
$150,000 |
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31 |
3 |
28 |
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50 |
7 |
43 |
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7.4 |
5.1 |
7.8 |
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$150,000 |
- |
$200,000 |
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42 |
2 |
40 |
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50 |
2 |
48 |
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10.1 |
12.0 |
10.0 |
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$200,000 |
- |
$250,000 |
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18 |
2 |
16 |
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27 |
4 |
23 |
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8.0 |
6.0 |
8.3 |
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$250,000 |
- |
$300,000 |
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24 |
6 |
18 |
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24 |
9 |
15 |
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12.0 |
8.0 |
14.4 |
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$300,000 |
- |
$500,000 |
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21 |
3 |
18 |
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33 |
13 |
20 |
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7.6 |
2.8 |
10.8 |
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$500,000 |
- |
$750,000 |
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9 |
0 |
9 |
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9 |
3 |
6 |
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12.0 |
0.0 |
18.0 |
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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 |
307 |
18 |
289 |
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377 |
41 |
336 |
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9.8 |
5.3 |
10.3 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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65 |
0 |
65 |
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94 |
0 |
94 |
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8.3 |
No Sales |
8.3 |
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$75,000 |
- |
$100,000 |
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54 |
8 |
46 |
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27 |
3 |
24 |
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24.0 |
32.0 |
23.0 |
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$100,000 |
- |
$125,000 |
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32 |
0 |
32 |
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9 |
4 |
5 |
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42.7 |
0.0 |
76.8 |
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$125,000 |
- |
$150,000 |
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16 |
1 |
15 |
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8 |
2 |
6 |
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24.0 |
6.0 |
30.0 |
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$150,000 |
- |
$200,000 |
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25 |
3 |
22 |
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7 |
2 |
5 |
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42.9 |
18.0 |
52.8 |
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$200,000 |
- |
$250,000 |
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5 |
0 |
5 |
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1 |
0 |
1 |
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60.0 |
No Sales |
60.0 |
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$250,000 |
- |
$300,000 |
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11 |
0 |
11 |
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1 |
0 |
1 |
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132.0 |
No Sales |
132.0 |
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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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0 |
0 |
0 |
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0 |
0 |
0 |
|
No Sales |
No Sales |
No Sales |
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Totals |
217 |
12 |
205 |
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147 |
11 |
136 |
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17.7 |
13.1 |
18.1 |
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All Area Totals |
2,065 |
91 |
1,974 |
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2,215 |
133 |
2,082 |
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11.2 |
8.2 |
11.4 |
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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 November 2011
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