Tallahassee Home Inventory Report December 2009

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of December 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 13 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 2360 160 2200 2260 246 2014 12.5 7.8 13.1

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 6 0 6 4.0 No Sales 4.0
$75,000 - $100,000 10 0 10 5 0 5 24.0 No Sales 24.0
$100,000 - $125,000 46 1 45 55 0 55 10.0 No Sales 9.8
$125,000 - $150,000 66 0 66 89 0 89 8.9 No Sales 8.9
$150,000 - $200,000 175 4 171 338 23 315 6.2 2.1 6.5
$200,000 - $250,000 194 14 180 231 18 213 10.1 9.3 10.1
$250,000 - $300,000 142 5 137 166 20 146 10.3 3.0 11.3
$300,000 - $500,000 211 14 197 164 17 147 15.4 9.9 16.1
$500,000 - $750,000 64 2 62 35 5 30 21.9 4.8 24.8
$750,000 + 50 3 47 16 1 15 37.5 36.0 37.6
Totals 960 43 917 1105 84 1021 10.4 6.1 10.8

Northwest Leon County (Area 2)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 60 0 60 57 0 57 12.6 No Sales 12.6
$75,000 - $100,000 138 0 138 81 2 79 20.4 0.0 21.0
$100,000 - $125,000 130 2 128 130 5 125 12.0 4.8 12.3
$125,000 - $150,000 147 5 142 146 11 135 12.1 5.5 12.6
$150,000 - $200,000 171 24 147 127 17 110 16.2 16.9 16.0
$200,000 - $250,000 48 11 37 31 13 18 18.6 10.2 24.7
$250,000 - $300,000 52 10 42 11 2 9 56.7 60.0 56.0
$300,000 - $500,000 32 11 21 17 8 9 22.6 16.5 28.0
$500,000 - $750,000 6 4 2 0 0 0 No Sales No Sales No Sales
$750,000 + 7 0 7 1 0 1 84.0 No Sales 84.0
Totals 791 67 724 601 58 543 15.8 13.9 16.0

Southeast Leon County (Area 3)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 37 0 37 25 0 25 17.8 No Sales 17.8
$75,000 - $100,000 40 1 39 26 0 26 18.5 No Sales 18.0
$100,000 - $125,000 53 1 52 39 0 39 16.3 No Sales 16.0
$125,000 - $150,000 66 6 60 72 14 58 11.0 5.1 12.4
$150,000 - $200,000 71 9 62 117 28 89 7.3 3.9 8.4
$200,000 - $250,000 26 4 22 46 9 37 6.8 5.3 7.1
$250,000 - $300,000 22 2 20 39 8 31 6.8 3.0 7.7
$300,000 - $500,000 25 0 25 34 13 21 8.8 0.0 14.3
$500,000 - $750,000 6 1 5 4 1 3 18.0 12.0 20.0
$750,000 + 3 0 3 0 0 0 No Sales No Sales No Sales
Totals 349 24 325 402 73 329 10.4 3.9 11.9

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 23 2 21 18.8 0.0 20.6
$75,000 - $100,000 54 3 51 32 0 32 20.3 No Sales 19.1
$100,000 - $125,000 71 10 61 27 2 25 31.6 60.0 29.3
$125,000 - $150,000 47 10 37 26 9 17 21.7 13.3 26.1
$150,000 - $200,000 25 2 23 31 18 13 9.7 1.3 21.2
$200,000 - $250,000 5 0 5 6 0 6 10.0 No Sales 10.0
$250,000 - $300,000 11 1 10 3 0 3 44.0 No Sales 40.0
$300,000 - $500,000 8 0 8 4 0 4 24.0 No Sales 24.0
$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 260 26 234 152 31 121 20.5 10.1 23.2

* 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 Dec 09

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