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Tallahassee Home Inventory Report April 2009

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of April 6, 2009. Each quadrant 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 14 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 2703 398 2305 2267 391 1876 14.3 12.2 14.7

Northeast Leon County (Area 1)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 1 0 1 1 0 1 12.0 No Sales 12.0
$75,000 - $100,000 7 0 7 12 1 11 7.0 0.0 7.6
$100,000 - $125,000 27 1 26 38 0 38 8.5 No Sales 8.2
$125,000 - $150,000 66 0 66 60 0 60 13.2 No Sales 13.2
$150,000 - $200,000 248 26 222 234 7 227 12.7 44.6 11.7
$200,000 - $250,000 199 23 176 250 33 217 9.6 8.4 9.7
$250,000 - $300,000 166 23 143 157 32 125 12.7 8.6 13.7
$300,000 - $500,000 296 26 270 228 35 193 15.6 8.9 16.8
$500,000 - $750,000 71 15 56 49 9 40 17.4 20.0 16.8
$750,000 + 69 8 61 17 1 16 48.7 96.0 45.8
Totals 1150 122 1028 1046 118 928 13.2 12.4 13.3

Northwest Leon County (Area 2)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 45 2 43 37 0 37 14.6 No Sales 13.9
$75,000 - $100,000 117 0 117 80 3 77 17.6 0.0 18.2
$100,000 - $125,000 116 2 114 128 7 121 10.9 3.4 11.3
$125,000 - $150,000 201 29 172 188 23 165 12.8 15.1 12.5
$150,000 - $200,000 186 26 160 175 44 131 12.8 7.1 14.7
$200,000 - $250,000 55 13 42 43 12 31 15.3 13.0 16.3
$250,000 - $300,000 33 6 27 13 3 10 30.5 24.0 32.4
$300,000 - $500,000 97 58 39 14 5 9 83.1 139.2 52.0
$500,000 - $750,000 3 1 2 0 0 0 No Sales No Sales No Sales
$750,000 + 10 2 8 1 0 1 120.0 No Sales 96.0
Totals 863 139 724 679 97 582 15.3 17.2 14.9

Southeast Leon County (Area 3)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 12 0 12 20 0 20 7.2 No Sales 7.2
$75,000 - $100,000 49 0 49 19 0 19 30.9 No Sales 30.9
$100,000 - $125,000 43 0 43 42 1 41 12.3 0.0 12.6
$125,000 - $150,000 76 19 57 65 21 44 14.0 10.9 15.5
$150,000 - $200,000 104 28 76 123 61 62 10.1 5.5 14.7
$200,000 - $250,000 39 3 36 35 14 21 13.4 2.6 20.6
$250,000 - $300,000 41 6 35 35 11 24 14.1 6.5 17.5
$300,000 - $500,000 49 15 34 39 18 21 15.1 10.0 19.4
$500,000 - $750,000 8 4 4 9 4 5 10.7 12.0 9.6
$750,000 + 5 1 4 0 0 0 No Sales No Sales No Sales
Totals 426 76 350 387 130 257 13.2 7.0 16.3

Southwest Leon County (Area 4)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 21 0 21 24 3 21 10.5 0.0 12.0
$75,000 - $100,000 63 1 62 26 0 26 29.1 No Sales 28.6
$100,000 - $125,000 42 4 38 26 3 23 19.4 16.0 19.8
$125,000 - $150,000 69 32 37 33 16 17 25.1 24.0 26.1
$150,000 - $200,000 45 18 27 32 23 9 16.9 9.4 36.0
$200,000 - $250,000 3 2 1 4 0 4 9.0 No Sales 3.0
$250,000 - $300,000 8 0 8 3 0 3 32.0 No Sales 32.0
$300,000 - $500,000 10 4 6 7 1 6 17.1 48.0 12.0
$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 264 61 203 155 46 109 20.4 15.9 22.3

* 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 Apr 09

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