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Tallahassee Home Inventory Report November 2011

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

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 November 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 27 0 27 5.8 No Sales 5.8
$75,000 - $100,000   40 0 40 54 0 54 8.9 No Sales 8.9
$100,000 - $125,000   46 0 46 72 0 72 7.7 No Sales 7.7
$125,000 - $150,000   83 1 82 81 1 80 12.3 12.0 12.3
$150,000 - $200,000   210 0 210 285 4 281 8.8 0.0 9.0
$200,000 - $250,000   178 14 164 201 21 180 10.6 8.0 10.9
$250,000 - $300,000   111 15 96 130 18 112 10.2 10.0 10.3
$300,000 - $500,000   176 7 169 181 15 166 11.7 5.6 12.2
$500,000 - $750,000   46 0 46 36 2 34 15.3 0.0 16.2
$750,000 +     28 1 27 11 1 10 30.5 12.0 32.4
Totals 931 38 893 1078 62 1016 10.4 7.4 10.5
Northwest Leon County (Area 2)
$0 - $75,000   140 1 139 192 1 191 8.8 12.0 8.7
$75,000 - $100,000   137 0 137 109 0 109 15.1 No Sales 15.1
$100,000 - $125,000   80 0 80 97 0 97 9.9 No Sales 9.9
$125,000 - $150,000   103 2 101 71 4 67 17.4 6.0 18.1
$150,000 - $200,000   72 13 59 89 9 80 9.7 17.3 8.9
$200,000 - $250,000   29 4 25 22 2 20 15.8 24.0 15.0
$250,000 - $300,000   21 2 19 13 1 12 19.4 24.0 19.0
$300,000 - $500,000   20 1 19 16 2 14 15.0 6.0 16.3
$500,000 - $750,000   2 0 2 3 0 3 8.0 No Sales 8.0
$750,000 +     6 0 6 1 0 1 72.0 No Sales 72.0
Totals 610 23 587 613 19 594 11.9 14.5 11.9
SouthEast Leon County (Area 3)
$0 - $75,000   62 0 62 90 0 90 8.3 No Sales 8.3
$75,000 - $100,000   56 0 56 40 0 40 16.8 No Sales 16.8
$100,000 - $125,000   41 2 39 53 3 50 9.3 8.0 9.4
$125,000 - $150,000   31 3 28 50 7 43 7.4 5.1 7.8
$150,000 - $200,000   42 2 40 50 2 48 10.1 12.0 10.0
$200,000 - $250,000   18 2 16 27 4 23 8.0 6.0 8.3
$250,000 - $300,000   24 6 18 24 9 15 12.0 8.0 14.4
$300,000 - $500,000   21 3 18 33 13 20 7.6 2.8 10.8
$500,000 - $750,000   9 0 9 9 3 6 12.0 0.0 18.0
$750,000 +     3 0 3 1 0 1 36.0 No Sales 36.0
Totals 307 18 289 377 41 336 9.8 5.3 10.3
Southwest Leon County (Area 4)
$0 - $75,000   65 0 65 94 0 94 8.3 No Sales 8.3
$75,000 - $100,000   54 8 46 27 3 24 24.0 32.0 23.0
$100,000 - $125,000   32 0 32 9 4 5 42.7 0.0 76.8
$125,000 - $150,000   16 1 15 8 2 6 24.0 6.0 30.0
$150,000 - $200,000   25 3 22 7 2 5 42.9 18.0 52.8
$200,000 - $250,000   5 0 5 1 0 1 60.0 No Sales 60.0
$250,000 - $300,000   11 0 11 1 0 1 132.0 No Sales 132.0
$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 +     0 0 0 0 0 0 No Sales No Sales No Sales
Totals 217 12 205 147 11 136 17.7 13.1 18.1
All Area Totals 2,065 91 1,974 2,215 133 2,082 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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