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)
|All Area Totals||2728||356||2372||2200||374||1826||14.9||11.4||15.6|
Northeast Leon County (Area 1)
|$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|
Northwest Leon County (Area 2)
|$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|
Southeast Leon County (Area 3)
|$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|
Southwest Leon County (Area 4)
|$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|
* 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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