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Tallahassee Home Inventory Report September 2009

The following tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of September 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 2485 195 2290 2091 224 1867 14.3 10.4 14.7

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 10 0 10 9 0 9 13.3 No Sales 13.3
$100,000 - $125,000 35 1 34 42 0 42 10.0 No Sales 9.7
$125,000 - $150,000 76 0 76 72 0 72 12.7 No Sales 12.7
$150,000 - $200,000 192 8 184 285 15 270 8.1 6.4 8.2
$200,000 - $250,000 218 16 202 214 21 193 12.2 9.1 12.6
$250,000 - $300,000 150 7 143 146 20 126 12.3 4.2 13.6
$300,000 - $500,000 258 19 239 171 18 153 18.1 12.7 18.7
$500,000 - $750,000 79 3 76 39 5 34 24.3 7.2 26.8
$750,000 + 61 4 57 16 1 15 45.8 48.0 45.6
Totals 1081 58 1023 996 80 916 13.0 8.7 13.4

Northwest Leon County (Area 2)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 57 0 57 52 0 52 13.2 No Sales 13.2
$75,000 - $100,000 123 0 123 60 1 59 24.6 0.0 25.0
$100,000 - $125,000 126 1 125 121 3 118 12.5 4.0 12.7
$125,000 - $150,000 159 8 151 143 11 132 13.3 8.7 13.7
$150,000 - $200,000 195 49 146 121 17 104 19.3 34.6 16.8
$200,000 - $250,000 54 11 43 39 12 27 16.6 11.0 19.1
$250,000 - $300,000 40 10 30 12 4 8 40.0 30.0 45.0
$300,000 - $500,000 39 9 30 21 8 13 22.3 13.5 27.7
$500,000 - $750,000 6 4 2 0 0 0 No Sales No Sales No Sales
$750,000 + 8 0 8 1 0 1 96.0 No Sales 96.0
Totals 807 92 715 570 56 514 17.0 19.7 16.7

Southeast Leon County (Area 3)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 24 0 24 27 0 27 10.7 No Sales 10.7
$75,000 - $100,000 41 0 41 21 0 21 23.4 No Sales 23.4
$100,000 - $125,000 40 1 39 42 0 42 11.4 No Sales 11.1
$125,000 - $150,000 58 4 54 67 14 53 10.4 3.4 12.2
$150,000 - $200,000 81 12 69 123 28 95 7.9 5.1 8.7
$200,000 - $250,000 30 3 27 37 3 34 9.7 12.0 9.5
$250,000 - $300,000 27 1 26 33 5 28 9.8 2.4 11.1
$300,000 - $500,000 35 0 35 29 12 17 14.5 0.0 24.7
$500,000 - $750,000 9 1 8 4 1 3 27.0 12.0 32.0
$750,000 + 5 0 5 0 0 0 No Sales No Sales No Sales
Totals 350 22 328 383 63 320 11.0 4.2 12.3

Southwest Leon County (Area 4)

    For Sale     Sold     Supply  
PRICE RANGE All New Resale All New Resale All New Resale
$0 - $75,000 20 0 20 24 2 22 10.0 0.0 10.9
$75,000 - $100,000 50 0 50 30 0 30 20.0 No Sales 20.0
$100,000 - $125,000 77 9 68 24 2 22 38.5 54.0 37.1
$125,000 - $150,000 50 10 40 27 8 19 22.2 15.0 25.3
$150,000 - $200,000 26 3 23 23 13 10 13.6 2.8 27.6
$200,000 - $250,000 2 0 2 6 0 6 4.0 No Sales 4.0
$250,000 - $300,000 11 1 10 3 0 3 44.0 No Sales 40.0
$300,000 - $500,000 8 0 8 5 0 5 19.2 No Sales 19.2
$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 247 23 224 142 25 117 20.9 11.0 23.0

* Residential Properties including single family detached homes, condos, and townhouses ** Source: Tallahassee Board of REALTORS® Multiple Listing Service (Tallahassee MLS)

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