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