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Tallahassee Home Inventory Report December 2010

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of December 4, 2010. 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 are more than 12 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. 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.

Leon County (All Areas)

Leon County (All) For SaleSoldMonths of Supply
PRICE RANGE
All Area Totals
All New Resale
2354 131 2223
All New Resale
2287 203 2084
All New Resale
12.4 7.7 12.8
Northeast Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
8 0 8
33 0 33
65 0 65
100 0 100
219 4 215
158 14 144
140 9 131
191 10 181
516 0 51
38 1 37
1003 38 965
All New Resale
70 0 70
84 0 84
80 0 80
81 0 81
292 8 284
203 23 180
156 20 136
182 10 172
32 2 30
7 1 6
1187 64 1123
All New Resale
1.4 No Sales 1.4
4.7 No Sales 4.7
9.8 No Sales 9.8
14.8 No Sales 14.8
9.0 6.0 9.1
9.3 7.3 9.6
10.8 5.4 11.6
12.6 12.0 12.6
19.1 0.0 20.4
65.1 12.0 74.0
10.1 7.1 10.3
Northwest Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
124 0 124
151 0 151
106 0 106
124 5 119
1328 13 119
49 8 41
32 12 20
22 5 17
6 3 3
4 0 3
750 46 704
All New Resale
93 0 93
111 1 110
102 3 99
90 7 83
120 32 88
24 5 19
15 1 14
12 1 11
3 0 3
0 0 0
570 50 520
All New Resale
16.0 No Sales 16.0
16.3 0.0 16.5
12.5 0.0 12.8
16.5 8.6 17.2
13.2 4.9 16.2
24.5 19.2 25.9
25.6 144.0 17.1
22.0 60.0 18.5
24.0 No Sales 12.0
No Sales No Sales No Sales
15.8 11.0 16.2
Southeast Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
53 0 53
48 1 47
46 2 44
53 10 43
58 6 52
29 3 26
24 6 18
29 1 28
5 1 4
4 0 4
349 30 319
All New Resale
53 0 53
24 1 23
49 0 49
79 14 65
74 26 48
44 18 26
25 6 19
24 4 20
6 0 6
2 0 2
380 69 311
All New Resale
12.0 No Sales 12.0
24.0 12.0 24.5
11.3 No Sales 10.8
8.1 8.6 7.9
9.4 2.8 13.0
7.9 2.0 12.0
11.5 12.0 11.4
14.5 3.0 16.8
10.0 No Sales 8.0
24.0 No Sales 24.0
11.0 5.2 12.3
Southwest Leon County For SaleSoldMonths of Supply
PRICE RANGE
$0 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000 - $250,000
$250,000 - $300,000
$300,000 - $500,000
$500,000 - $750,000
$750,000 +
Totals
All New Resale
81 0 81
46 4 42
51 4 47
31 7 24
16 2 14
4 0 4
12 0 12
9 0 9
1 0 1
1 0 1
252 17 235
All New Resale
50 0 50
34 1 33
27 2 25
13 4 9
19 11 8
4 2 2
1 0 1
2 0 2
0 0 0
0 0 0
150 20 130
All New Resale
19.4 No Sales 19.4
16.2 48.0 15.3
22.7 24.0 22.6
28.6 21.0 32.0
10.1 2.2 21.0
12.0 0.0 24.0
144.0 No Sales 144.0
54.0 No Sales 54.0
No Sales No Sales No Sales
No Sales No Sales No Sales
20.2 10.2 21.7

* 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 December 2010

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(850) 366-8917