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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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