The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of December 4, 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
Real Estate Supply And Demand In Tallahassee Florida
Currently, there are over 10 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.
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Leon County Home Inventory Report |
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Residential Supply December 2011 |
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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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14 |
0 |
14 |
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28 |
0 |
28 |
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6.0 |
No Sales |
6.0 |
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$75,000 |
- |
$100,000 |
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39 |
0 |
39 |
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53 |
0 |
53 |
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8.8 |
No Sales |
8.8 |
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$100,000 |
- |
$125,000 |
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38 |
0 |
38 |
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70 |
0 |
70 |
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6.5 |
No Sales |
6.5 |
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$125,000 |
- |
$150,000 |
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69 |
1 |
68 |
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92 |
1 |
91 |
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9.0 |
12.0 |
9.0 |
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$150,000 |
- |
$200,000 |
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201 |
0 |
201 |
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284 |
4 |
280 |
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8.5 |
0.0 |
8.6 |
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$200,000 |
- |
$250,000 |
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171 |
14 |
157 |
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203 |
21 |
182 |
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10.1 |
8.0 |
10.4 |
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$250,000 |
- |
$300,000 |
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103 |
15 |
88 |
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130 |
19 |
111 |
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9.5 |
9.5 |
9.5 |
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$300,000 |
- |
$500,000 |
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171 |
7 |
164 |
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183 |
15 |
168 |
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11.2 |
5.6 |
11.7 |
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$500,000 |
- |
$750,000 |
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33 |
0 |
33 |
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32 |
1 |
31 |
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12.4 |
0.0 |
12.8 |
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$750,000 |
+ |
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31 |
1 |
30 |
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11 |
1 |
10 |
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33.8 |
12.0 |
36.0 |
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Totals |
870 |
38 |
832 |
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1086 |
62 |
1024 |
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9.6 |
7.4 |
9.8 |
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Northwest Leon County (Area 2) |
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$0 |
- |
$75,000 |
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142 |
1 |
141 |
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198 |
1 |
197 |
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8.6 |
12.0 |
8.6 |
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$75,000 |
- |
$100,000 |
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134 |
0 |
134 |
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111 |
0 |
111 |
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14.5 |
No Sales |
14.5 |
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$100,000 |
- |
$125,000 |
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76 |
0 |
76 |
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96 |
0 |
96 |
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9.5 |
No Sales |
9.5 |
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$125,000 |
- |
$150,000 |
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95 |
2 |
93 |
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77 |
4 |
73 |
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14.8 |
6.0 |
15.3 |
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$150,000 |
- |
$200,000 |
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72 |
13 |
59 |
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86 |
6 |
80 |
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10.0 |
26.0 |
8.9 |
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$200,000 |
- |
$250,000 |
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26 |
4 |
22 |
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23 |
2 |
21 |
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13.6 |
24.0 |
12.6 |
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$250,000 |
- |
$300,000 |
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19 |
2 |
17 |
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12 |
1 |
11 |
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19.0 |
24.0 |
18.5 |
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$300,000 |
- |
$500,000 |
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18 |
0 |
18 |
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14 |
2 |
12 |
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15.4 |
0.0 |
18.0 |
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$500,000 |
- |
$750,000 |
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2 |
0 |
2 |
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3 |
0 |
3 |
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8.0 |
No Sales |
8.0 |
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$750,000 |
+ |
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6 |
0 |
6 |
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1 |
0 |
1 |
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72.0 |
No Sales |
72.0 |
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Totals |
590 |
22 |
568 |
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621 |
16 |
605 |
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11.4 |
16.5 |
11.3 |
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SouthEast Leon County (Area 3) |
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$0 |
- |
$75,000 |
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65 |
0 |
65 |
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94 |
0 |
94 |
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8.3 |
No Sales |
8.3 |
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$75,000 |
- |
$100,000 |
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55 |
0 |
55 |
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40 |
0 |
40 |
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16.5 |
No Sales |
16.5 |
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$100,000 |
- |
$125,000 |
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42 |
2 |
40 |
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52 |
3 |
49 |
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9.7 |
8.0 |
9.8 |
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$125,000 |
- |
$150,000 |
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35 |
3 |
32 |
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50 |
7 |
43 |
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8.4 |
5.1 |
8.9 |
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$150,000 |
- |
$200,000 |
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40 |
3 |
37 |
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49 |
1 |
48 |
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9.8 |
36.0 |
9.3 |
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$200,000 |
- |
$250,000 |
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16 |
1 |
15 |
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30 |
4 |
26 |
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6.4 |
3.0 |
6.9 |
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$250,000 |
- |
$300,000 |
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25 |
6 |
19 |
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25 |
9 |
16 |
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12.0 |
8.0 |
14.3 |
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$300,000 |
- |
$500,000 |
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22 |
3 |
19 |
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34 |
12 |
22 |
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7.8 |
3.0 |
10.4 |
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$500,000 |
- |
$750,000 |
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8 |
0 |
8 |
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9 |
3 |
6 |
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10.7 |
0.0 |
16.0 |
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$750,000 |
+ |
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3 |
0 |
3 |
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2 |
0 |
2 |
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18.0 |
No Sales |
18.0 |
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Totals |
311 |
18 |
293 |
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385 |
39 |
346 |
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9.7 |
5.5 |
10.2 |
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Southwest Leon County (Area 4) |
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$0 |
- |
$75,000 |
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62 |
0 |
62 |
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94 |
0 |
94 |
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7.9 |
No Sales |
7.9 |
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$75,000 |
- |
$100,000 |
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53 |
8 |
45 |
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28 |
3 |
25 |
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22.7 |
32.0 |
21.6 |
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$100,000 |
- |
$125,000 |
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32 |
0 |
32 |
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8 |
4 |
4 |
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48.0 |
0.0 |
96.0 |
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$125,000 |
- |
$150,000 |
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14 |
0 |
14 |
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9 |
3 |
6 |
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18.7 |
0.0 |
28.0 |
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$150,000 |
- |
$200,000 |
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19 |
3 |
16 |
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8 |
2 |
6 |
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28.5 |
18.0 |
32.0 |
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$200,000 |
- |
$250,000 |
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5 |
0 |
5 |
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1 |
0 |
1 |
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60.0 |
No Sales |
60.0 |
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$250,000 |
- |
$300,000 |
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8 |
0 |
8 |
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1 |
0 |
1 |
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96.0 |
No Sales |
96.0 |
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$300,000 |
- |
$500,000 |
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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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$500,000 |
- |
$750,000 |
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0 |
0 |
0 |
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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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1 |
0 |
1 |
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0 |
0 |
0 |
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No Sales |
No Sales |
No Sales |
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Totals |
202 |
11 |
191 |
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149 |
12 |
137 |
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16.3 |
11.0 |
16.7 |
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All Area Totals |
1,973 |
89 |
1,884 |
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2,241 |
129 |
2,112 |
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10.6 |
8.3 |
10.7 |
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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 December 2011
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