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Tallahassee Home Inventory Report May 2009

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of May 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 15 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 2728 356 2372 2200 374 1826 14.9 11.4 15.6

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 11 0 11 7.6 No Sales 7.6
$100,000 - $125,000 37 1 36 36 0 36 12.3 No Sales 12.0
$125,000 - $150,000 68 0 68 62 0 62 13.2 No Sales 13.2
$150,000 - $200,000 252 25 227 242 10 232 12.5 30.0 11.7
$200,000 - $250,000 207 26 181 245 32 213 10.1 9.8 10.2
$250,000 - $300,000 172 25 147 145 30 115 14.2 10.0 15.3
$300,000 - $500,000 301 33 268 217 29 188 16.6 13.7 17.1
$500,000 - $750,000 71 14 57 50 9 41 17.0 18.7 16.7
$750,000 + 68 8 60 16 1 15 51.0 96.0 48.0
Totals 1184 132 1052 1025 111 914 13.9 14.3 13.8

Northwest Leon County (Area 2)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 52 2 50 35 0 35 17.8 No Sales 17.1
$75,000 - $100,000 122 0 122 74 3 71 19.8 0.0 20.6
$100,000 - $125,000 132 2 130 127 5 122 12.5 4.8 12.8
$125,000 - $150,000 221 24 197 179 23 156 14.8 12.5 15.2
$150,000 - $200,000 213 46 167 163 40 123 15.7 13.8 16.3
$200,000 - $250,000 50 10 40 38 10 28 15.8 12.0 17.1
$250,000 - $300,000 31 5 26 12 3 9 31.0 20.0 34.7
$300,000 - $500,000 45 13 32 14 3 11 38.6 52.0 34.9
$500,000 - $750,000 4 1 3 0 0 0 No Sales No Sales No Sales
$750,000 + 10 1 9 0 0 0 No Sales No Sales No Sales
Totals 880 104 776 642 87 555 16.4 14.3 16.8

Southeast Leon County (Area 3)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 14 0 14 20 0 20 8.4 No Sales 8.4
$75,000 - $100,000 52 0 52 20 0 20 31.2 No Sales 31.2
$100,000 - $125,000 37 0 37 41 1 40 10.8 0.0 11.1
$125,000 - $150,000 62 8 54 65 21 44 11.4 4.6 14.7
$150,000 - $200,000 107 27 80 122 63 59 10.5 5.1 16.3
$200,000 - $250,000 40 5 35 35 13 22 13.7 4.6 19.1
$250,000 - $300,000 31 2 29 39 14 25 9.5 1.7 13.9
$300,000 - $500,000 49 13 36 39 19 20 15.1 8.2 21.6
$500,000 - $750,000 9 3 6 8 4 4 13.5 9.0 18.0
$750,000 + 4 1 3 1 0 1 48.0 No Sales 36.0
Totals 405 59 346 390 135 255 12.5 5.2 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 19 0 19 26 3 23 8.8 0.0 9.9
$75,000 - $100,000 59 1 58 24 0 24 29.5 No Sales 29.0
$100,000 - $125,000 45 5 40 26 3 23 20.8 20.0 20.9
$125,000 - $150,000 73 33 40 29 15 14 30.2 26.4 34.3
$150,000 - $200,000 40 16 24 25 19 6 19.2 10.1 48.0
$200,000 - $250,000 3 2 1 4 0 4 9.0 No Sales 3.0
$250,000 - $300,000 6 0 6 4 0 4 18.0 No Sales 18.0
$300,000 - $500,000 11 4 7 5 1 4 26.4 48.0 21.0
$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 259 61 198 143 41 102 21.7 17.9 23.3

* 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 May 09

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