Tallahassee Home Inventory Report June 2009
The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of October 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 16 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 | 2730 | 356 | 2374 | 2161 | 377 | 1784 | 15.2 | 11.3 | 16.0 |
Northeast Leon County (Area 1)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| $0 - $75,000 | 2 | 0 | 2 | 2 | 0 | 2 | 12.0 | No Sales | 12.0 |
| $75,000 - $100,000 | 8 | 0 | 8 | 11 | 0 | 11 | 8.7 | No Sales | 8.7 |
| $100,000 - $125,000 | 30 | 1 | 29 | 37 | 0 | 37 | 9.7 | No Sales | 9.4 |
| $125,000 - $150,000 | 78 | 0 | 78 | 64 | 0 | 64 | 14.6 | No Sales | 14.6 |
| $150,000 - $200,000 | 237 | 19 | 218 | 252 | 13 | 239 | 11.3 | 17.5 | 10.9 |
| $200,000 - $250,000 | 220 | 28 | 192 | 230 | 29 | 201 | 11.5 | 11.6 | 11.5 |
| $250,000 - $300,000 | 175 | 23 | 152 | 138 | 29 | 109 | 15.2 | 9.5 | 16.7 |
| $300,000 - $500,000 | 302 | 32 | 270 | 210 | 31 | 179 | 17.3 | 12.4 | 18.1 |
| $500,000 - $750,000 | 77 | 12 | 65 | 46 | 9 | 37 | 20.1 | 16.0 | 21.1 |
| $750,000 + | 64 | 10 | 54 | 16 | 2 | 14 | 48.0 | 60.0 | 46.3 |
| Totals | 1193 | 125 | 1068 | 1006 | 113 | 893 | 14.2 | 13.3 | 14.4 |
Northwest Leon County (Area 2)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| $0 - $75,000 | 55 | 2 | 53 | 40 | 0 | 40 | 16.5 | No Sales | 15.9 |
| $75,000 - $100,000 | 138 | 0 | 138 | 68 | 3 | 65 | 24.4 | 0.0 | 25.5 |
| $100,000 - $125,000 | 147 | 5 | 142 | 118 | 4 | 114 | 14.9 | 15.0 | 14.9 |
| $125,000 - $150,000 | 202 | 24 | 178 | 175 | 23 | 152 | 13.9 | 12.5 | 14.1 |
| $150,000 - $200,000 | 196 | 46 | 150 | 150 | 35 | 115 | 15.7 | 15.8 | 15.7 |
| $200,000 - $250,000 | 59 | 14 | 45 | 35 | 9 | 26 | 20.2 | 18.7 | 20.8 |
| $250,000 - $300,000 | 43 | 14 | 29 | 14 | 5 | 9 | 36.9 | 33.6 | 38.7 |
| $300,000 - $500,000 | 44 | 12 | 32 | 13 | 3 | 10 | 40.6 | 48.0 | 38.4 |
| $500,000 - $750,000 | 4 | 1 | 3 | 0 | 0 | 0 | No Sales | No Sales | No Sales |
| $750,000 + | 10 | 1 | 9 | 1 | 0 | 1 | 120.0 | No Sales | 108.0 |
| Totals | 898 | 119 | 779 | 614 | 82 | 532 | 17.6 | 17.4 | 17.6 |
Southeast Leon County (Area 3)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| $0 - $75,000 | 19 | 0 | 19 | 23 | 0 | 23 | 9.9 | No Sales | 9.9 |
| $75,000 - $100,000 | 43 | 0 | 43 | 18 | 0 | 18 | 28.7 | No Sales | 28.7 |
| $100,000 - $125,000 | 40 | 0 | 40 | 43 | 1 | 42 | 11.2 | 0.0 | 11.4 |
| $125,000 - $150,000 | 67 | 12 | 55 | 69 | 23 | 46 | 11.7 | 6.3 | 14.3 |
| $150,000 - $200,000 | 85 | 21 | 64 | 126 | 66 | 60 | 8.1 | 3.8 | 12.8 |
| $200,000 - $250,000 | 39 | 6 | 33 | 37 | 12 | 25 | 12.6 | 6.0 | 15.8 |
| $250,000 - $300,000 | 31 | 2 | 29 | 35 | 14 | 21 | 10.6 | 1.7 | 16.6 |
| $300,000 - $500,000 | 43 | 9 | 34 | 41 | 23 | 18 | 12.6 | 4.7 | 22.7 |
| $500,000 - $750,000 | 9 | 3 | 6 | 7 | 2 | 5 | 15.4 | 18.0 | 14.4 |
| $750,000 + | 4 | 1 | 3 | 1 | 0 | 1 | 48.0 | No Sales | 36.0 |
| Totals | 380 | 54 | 326 | 400 | 141 | 259 | 11.4 | 4.6 | 15.1 |
Southwest Leon County (Area 4)
| For Sale | Sold | Supply | |||||||
| PRICE RANGE | All | New | Resale | All | New | Resale | All | New | Resale |
| $0 - $75,000 | 31 | 0 | 31 | 25 | 2 | 23 | 14.9 | 0.0 | 16.2 |
| $75,000 - $100,000 | 53 | 0 | 53 | 25 | 0 | 25 | 25.4 | No Sales | 25.4 |
| $100,000 - $125,000 | 45 | 3 | 42 | 22 | 3 | 19 | 24.5 | 12.0 | 26.5 |
| $125,000 - $150,000 | 65 | 29 | 36 | 29 | 15 | 14 | 26.9 | 23.2 | 30.9 |
| $150,000 - $200,000 | 45 | 22 | 23 | 24 | 17 | 7 | 22.5 | 15.5 | 39.4 |
| $200,000 - $250,000 | 1 | 0 | 1 | 7 | 3 | 4 | 1.7 | 0.0 | 3.0 |
| $250,000 - $300,000 | 8 | 0 | 8 | 5 | 0 | 5 | 19.2 | No Sales | 19.2 |
| $300,000 - $500,000 | 8 | 4 | 4 | 4 | 1 | 3 | 24.0 | 48.0 | 16.0 |
| $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 | 58 | 201 | 141 | 41 | 100 | 22.0 | 17.0 | 24.1 |
* 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 Jun 09
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