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Tallahassee Home Inventory Report July 2009

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of July 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 2684 350 2334 2082 341 1741 15.5 12.3 16.1

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 5 0 5 11 0 11 5.5 No Sales 5.5
$100,000 - $125,000 30 1 29 41 0 41 8.8 No Sales 8.5
$125,000 - $150,000 76 0 76 61 0 61 15.0 No Sales 15.0
$150,000 - $200,000 240 20 220 253 16 237 11.4 15.0 11.1
$200,000 - $250,000 230 27 203 232 27 205 11.9 12.0 11.9
$250,000 - $300,000 162 24 138 137 28 109 14.2 10.3 15.2
$300,000 - $500,000 302 31 271 178 23 155 20.4 16.2 21.0
$500,000 - $750,000 76 11 65 43 8 35 21.2 16.5 22.3
$750,000 + 61 9 52 17 2 15 43.1 54.0 41.6
Totals 1184 123 1061 975 104 871 14.6 14.2 14.6

Northwest Leon County (Area 2)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 54 2 52 43 0 43 15.1 No Sales 14.5
$75,000 - $100,000 137 0 137 62 2 60 26.5 0.0 27.4
$100,000 - $125,000 142 3 139 120 4 116 14.2 9.0 14.4
$125,000 - $150,000 185 24 161 169 20 149 13.1 14.4 13.0
$150,000 - $200,000 198 51 147 128 17 111 18.6 36.0 15.9
$200,000 - $250,000 58 15 43 34 9 25 20.5 20.0 20.6
$250,000 - $300,000 44 15 29 11 5 6 48.0 36.0 58.0
$300,000 - $500,000 37 10 27 15 5 10 29.6 24.0 32.4
$500,000 - $750,000 5 1 4 0 0 0 No Sales No Sales No Sales
$750,000 + 9 1 8 1 0 1 108.0 No Sales 96.0
Totals 869 122 747 583 62 521 17.9 23.6 17.2

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 24 0 24 7.0 No Sales 7.0
$75,000 - $100,000 41 0 41 21 0 21 23.4 No Sales 23.4
$100,000 - $125,000 43 1 42 45 0 45 11.5 No Sales 11.2
$125,000 - $150,000 62 8 54 67 22 45 11.1 4.4 14.4
$150,000 - $200,000 85 17 68 125 66 59 8.2 3.1 13.8
$200,000 - $250,000 35 8 27 35 11 24 12.0 8.7 13.5
$250,000 - $300,000 31 4 27 31 12 19 12.0 4.0 17.1
$300,000 - $500,000 42 8 34 39 26 13 12.9 3.7 31.4
$500,000 - $750,000 9 2 7 5 1 4 21.6 24.0 21.0
$750,000 + 5 1 4 1 0 1 60.0 No Sales 48.0
Totals 367 49 318 393 138 255 11.2 4.3 15.0

Southwest Leon County (Area 4)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 33 0 33 25 2 23 15.8 0.0 17.2
$75,000 - $100,000 52 0 52 26 0 26 24.0 No Sales 24.0
$100,000 - $125,000 46 3 43 22 3 19 25.1 12.0 27.2
$125,000 - $150,000 63 27 36 27 13 14 28.0 24.9 30.9
$150,000 - $200,000 46 22 24 15 13 2 36.8 20.3 144.0
$200,000 - $250,000 2 0 2 8 5 3 3.0 0.0 8.0
$250,000 - $300,000 9 0 9 4 0 4 27.0 No Sales 27.0
$300,000 - $500,000 10 4 6 4 1 3 30.0 48.0 24.0
$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 56 208 131 37 94 24.2 18.2 26.6

* 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 Jul 09

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