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Tallahassee Home Inventory Report December 2011

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

Supply And Demand For Real Estate In Tallahassee

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.

Leon County Home Inventory Report
Residential Supply December 2011
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   14 0 14 28 0 28 6.0 No Sales 6.0
$75,000 - $100,000   39 0 39 53 0 53 8.8 No Sales 8.8
$100,000 - $125,000   38 0 38 70 0 70 6.5 No Sales 6.5
$125,000 - $150,000   69 1 68 92 1 91 9.0 12.0 9.0
$150,000 - $200,000   201 0 201 284 4 280 8.5 0.0 8.6
$200,000 - $250,000   171 14 157 203 21 182 10.1 8.0 10.4
$250,000 - $300,000   103 15 88 130 19 111 9.5 9.5 9.5
$300,000 - $500,000   171 7 164 183 15 168 11.2 5.6 11.7
$500,000 - $750,000   33 0 33 32 1 31 12.4 0.0 12.8
$750,000 +     31 1 30 11 1 10 33.8 12.0 36.0
Totals 870 38 832 1086 62 1024 9.6 7.4 9.8
Northwest Leon County (Area 2)
$0 - $75,000   142 1 141 198 1 197 8.6 12.0 8.6
$75,000 - $100,000   134 0 134 111 0 111 14.5 No Sales 14.5
$100,000 - $125,000   76 0 76 96 0 96 9.5 No Sales 9.5
$125,000 - $150,000   95 2 93 77 4 73 14.8 6.0 15.3
$150,000 - $200,000   72 13 59 86 6 80 10.0 26.0 8.9
$200,000 - $250,000   26 4 22 23 2 21 13.6 24.0 12.6
$250,000 - $300,000   19 2 17 12 1 11 19.0 24.0 18.5
$300,000 - $500,000   18 0 18 14 2 12 15.4 0.0 18.0
$500,000 - $750,000   2 0 2 3 0 3 8.0 No Sales 8.0
$750,000 +     6 0 6 1 0 1 72.0 No Sales 72.0
Totals 590 22 568 621 16 605 11.4 16.5 11.3
SouthEast Leon County (Area 3)
$0 - $75,000   65 0 65 94 0 94 8.3 No Sales 8.3
$75,000 - $100,000   55 0 55 40 0 40 16.5 No Sales 16.5
$100,000 - $125,000   42 2 40 52 3 49 9.7 8.0 9.8
$125,000 - $150,000   35 3 32 50 7 43 8.4 5.1 8.9
$150,000 - $200,000   40 3 37 49 1 48 9.8 36.0 9.3
$200,000 - $250,000   16 1 15 30 4 26 6.4 3.0 6.9
$250,000 - $300,000   25 6 19 25 9 16 12.0 8.0 14.3
$300,000 - $500,000   22 3 19 34 12 22 7.8 3.0 10.4
$500,000 - $750,000   8 0 8 9 3 6 10.7 0.0 16.0
$750,000 +     3 0 3 2 0 2 18.0 No Sales 18.0
Totals 311 18 293 385 39 346 9.7 5.5 10.2
Southwest Leon County (Area 4)
$0 - $75,000   62 0 62 94 0 94 7.9 No Sales 7.9
$75,000 - $100,000   53 8 45 28 3 25 22.7 32.0 21.6
$100,000 - $125,000   32 0 32 8 4 4 48.0 0.0 96.0
$125,000 - $150,000   14 0 14 9 3 6 18.7 0.0 28.0
$150,000 - $200,000   19 3 16 8 2 6 28.5 18.0 32.0
$200,000 - $250,000   5 0 5 1 0 1 60.0 No Sales 60.0
$250,000 - $300,000   8 0 8 1 0 1 96.0 No Sales 96.0
$300,000 - $500,000   8 0 8 0 0 0 No Sales No Sales No Sales
$500,000 - $750,000   0 0 0 0 0 0 No Sales No Sales No Sales
$750,000 +     1 0 1 0 0 0 No Sales No Sales No Sales
Totals 202 11 191 149 12 137 16.3 11.0 16.7
All Area Totals 1,973 89 1,884 2,241 129 2,112 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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Joe Manausa Real Estate
2066 Thomasville Rd
Tallahassee, FL 32308
(850) 366-8917