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Tallahassee Home Inventory Report August 2009

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of August 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 14 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 2536 201 2335 2079 225 1854 14.6 10.7 15.1

Northeast Leon County (Area 1)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 3 0 3 2 0 2 18.0 No Sales 18.0
$75,000 - $100,000 7 0 7 12 0 12 7.0 No Sales 7.0
$100,000 - $125,000 35 1 34 44 0 44 9.5 No Sales 9.3
$125,000 - $150,000 72 0 72 67 0 67 12.9 No Sales 12.9
$150,000 - $200,000 213 11 202 274 15 259 9.3 8.8 9.4
$200,000 - $250,000 234 20 214 219 21 198 12.8 11.4 13.0
$250,000 - $300,000 149 6 143 138 21 117 13.0 3.4 14.7
$300,000 - $500,000 272 18 254 164 17 147 19.9 12.7 20.7
$500,000 - $750,000 78 3 75 40 5 35 23.4 7.2 25.7
$750,000 + 62 4 58 17 1 16 43.8 48.0 43.5
Totals 1125 63 1062 977 80 897 13.8 9.5 14.2

Northwest Leon County (Area 2)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 46 0 46 51 0 51 10.8 No Sales 10.8
$75,000 - $100,000 131 0 131 61 1 60 25.8 0.0 26.2
$100,000 - $125,000 134 0 134 125 3 122 12.9 0.0 13.2
$125,000 - $150,000 164 8 156 154 13 141 12.8 7.4 13.3
$150,000 - $200,000 187 48 139 116 14 102 19.3 41.1 16.4
$200,000 - $250,000 54 11 43 33 9 24 19.6 14.7 21.5
$250,000 - $300,000 38 10 28 12 4 8 38.0 30.0 42.0
$300,000 - $500,000 39 8 31 17 6 11 27.5 16.0 33.8
$500,000 - $750,000 7 4 3 0 0 0 No Sales No Sales No Sales
$750,000 + 8 0 8 1 0 1 96.0 No Sales 96.0
Totals 808 89 719 570 50 520 17.0 21.4 16.6

Southeast Leon County (Area 3)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 17 0 17 28 0 28 7.3 No Sales 7.3
$75,000 - $100,000 43 0 43 20 0 20 25.8 No Sales 25.8
$100,000 - $125,000 44 1 43 45 0 45 11.7 No Sales 11.5
$125,000 - $150,000 56 5 51 66 14 52 10.2 4.3 11.8
$150,000 - $200,000 76 12 64 122 33 89 7.5 4.4 8.6
$200,000 - $250,000 33 3 30 35 3 32 11.3 12.0 11.3
$250,000 - $300,000 28 1 27 32 4 28 10.5 3.0 11.6
$300,000 - $500,000 37 0 37 36 13 23 12.3 0.0 19.3
$500,000 - $750,000 9 1 8 4 1 3 27.0 12.0 32.0
$750,000 + 4 0 4 1 1 0 48.0 0.0 No Sales
Totals 347 23 324 389 69 320 10.7 4.0 12.2

Southwest Leon County (Area 4)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 32 0 32 26 2 24 14.8 0.0 16.0
$75,000 - $100,000 50 1 49 31 0 31 19.4 No Sales 19.0
$100,000 - $125,000 57 9 48 22 2 20 31.1 54.0 28.8
$125,000 - $150,000 56 12 44 28 12 16 24.0 12.0 33.0
$150,000 - $200,000 36 3 33 21 10 11 20.6 3.6 36.0
$200,000 - $250,000 2 0 2 8 0 8 3.0 No Sales 3.0
$250,000 - $300,000 8 1 7 3 0 3 32.0 No Sales 28.0
$300,000 - $500,000 12 0 12 4 0 4 36.0 No Sales 36.0
$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 256 26 230 143 26 117 21.5 12.0 23.6

* 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 Aug 09

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