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Tallahassee Home Inventory Report November 2012

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of November 9, 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 Inventory Tallahassee

Real Estate Supply And Demand In Tallahassee Florida

Currently, there are 9.4 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 November 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   19 0 19 29 0 29 7.9 No Sales 7.9
$75,000 - $100,000   52 0 52 58 0 58 10.8 No Sales 10.8
$100,000 - $125,000   46 0 46 59 0 59 9.4 No Sales 9.4
$125,000 - $150,000   67 0 67 132 3 129 6.1 0.0 6.2
$150,000 - $200,000   156 2 154 328 2 326 5.7 12.0 5.7
$200,000 - $250,000   167 16 151 248 29 219 8.1 6.6 8.3
$250,000 - $300,000   129 18 111 134 29 105 11.6 7.4 12.7
$300,000 - $500,000   172 8 164 197 16 181 10.5 6.0 10.9
$500,000 - $750,000   38 1 37 31 0 31 14.7 No Sales 14.3
$750,000 +     35 1 34 6 2 4 70.0 6.0 102.0
Totals 881 46 835 1222 81 1141 8.7 6.8 8.8
Northwest Leon County (Area 2)
$0 - $75,000   138 0 138 236 1 235 7.0 0.0 7.0
$75,000 - $100,000   123 0 123 116 0 116 12.7 No Sales 12.7
$100,000 - $125,000   75 0 75 84 0 84 10.7 No Sales 10.7
$125,000 - $150,000   60 1 59 88 1 87 8.2 12.0 8.1
$150,000 - $200,000   60 8 52 71 7 64 10.1 13.7 9.8
$200,000 - $250,000   14 1 13 18 1 17 9.3 12.0 9.2
$250,000 - $300,000   15 2 13 12 1 11 15.0 24.0 14.2
$300,000 - $500,000   17 1 16 9 0 9 22.7 No Sales 21.3
$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 508 13 495 636 11 625 9.6 14.2 9.5
SouthEast Leon County (Area 3)
$0 - $75,000   67 0 67 83 0 83 9.7 No Sales 9.7
$75,000 - $100,000   52 0 52 44 0 44 14.2 No Sales 14.2
$100,000 - $125,000   32 0 32 52 2 50 7.4 0.0 7.7
$125,000 - $150,000   40 0 40 43 4 39 11.2 0.0 12.3
$150,000 - $200,000   38 0 38 35 0 35 13.0 No Sales 13.0
$200,000 - $250,000   19 2 17 32 3 29 7.1 8.0 7.0
$250,000 - $300,000   22 4 18 28 13 15 9.4 3.7 14.4
$300,000 - $500,000   27 5 22 33 12 21 9.8 5.0 12.6
$500,000 - $750,000   11 0 11 5 0 5 26.4 No Sales 26.4
$750,000 +     2 0 2 1 0 1 24.0 No Sales 24.0
Totals 310 11 299 356 34 322 10.4 3.9 11.1
Southwest Leon County (Area 4)
$0 - $75,000   68 0 68 110 8 102 7.4 0.0 8.0
$75,000 - $100,000   26 0 26 20 0 20 15.6 No Sales 15.6
$100,000 - $125,000   18 0 18 7 0 7 30.9 No Sales 30.9
$125,000 - $150,000   15 0 15 6 1 5 30.0 0.0 36.0
$150,000 - $200,000   14 1 13 13 1 12 12.9 12.0 13.0
$200,000 - $250,000   8 0 8 0 0 0 No Sales No Sales No Sales
$250,000 - $300,000   6 0 6 5 0 5 14.4 No Sales 14.4
$300,000 - $500,000   1 0 1 2 0 2 6.0 No Sales 6.0
$500,000 - $750,000   1 0 1 0 0 0 No Sales No Sales No Sales
$750,000 +     0 0 0 0 0 0 No Sales No Sales No Sales
Totals 157 1 156 163 10 153 11.6 1.2 12.2
All Area Totals 1,856 71 1,785 2,377 136 2,241 9.4 6.3 9.6

If you would like to receive a free monthly market update, just subscribe to the Tallahassee Real Estate Newsletter and it will be delivered to your email inbox each month. * 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 2012

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