Tallahassee Home Inventory Report November 2012

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of November 9, 2012. 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”).

trans Tallahassee Home Inventory Report November 2012, Tallahassee Real EstateTallahassee Real Estate Supply And Demand

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Real Estate Supply And Demand In Tallahassee Florida

Currently, there are 9.4 months of supply of homes on the market in Tallahassee, and the relative supply of homes declined slightly last month, something that normally occurs this time of year as the summer seasons closings begin to fall from their peak. High levels of relative home supply will continue to put pressure on home prices until we see market inventories stabilize at the 6 months of supply level.

                                 
  Leon County Home Inventory Report  
  Residential Supply November 2012  
                                 
          For Sale   Sold (Past 12 Months)   Months of Supply  
  PRICE RANGE All New Resale   All New Resale   All New Resale  
  Northeast Leon County (Area 1)  
  $0 - $75,000 19 0 19   29 0 29   7.9 No Sales 7.9  
  $75,000 - $100,000 52 0 52   58 0 58   10.8 No Sales 10.8  
  $100,000 - $125,000 46 0 46   59 0 59   9.4 No Sales 9.4  
  $125,000 - $150,000 67 0 67   132 3 129   6.1 0.0 6.2  
  $150,000 - $200,000 156 2 154   328 2 326   5.7 12.0 5.7  
  $200,000 - $250,000 167 16 151   248 29 219   8.1 6.6 8.3  
  $250,000 - $300,000 129 18 111   134 29 105   11.6 7.4 12.7  
  $300,000 - $500,000 172 8 164   197 16 181   10.5 6.0 10.9  
  $500,000 - $750,000 38 1 37   31 0 31   14.7 No Sales 14.3  
  $750,000 + 35 1 34   6 2 4   70.0 6.0 102.0  
  Totals 881 46 835   1222 81 1141   8.7 6.8 8.8  
                                 
  Northwest Leon County (Area 2)  
  $0 - $75,000 138 0 138   236 1 235   7.0 0.0 7.0  
  $75,000 - $100,000 123 0 123   116 0 116   12.7 No Sales 12.7  
  $100,000 - $125,000 75 0 75   84 0 84   10.7 No Sales 10.7  
  $125,000 - $150,000 60 1 59   88 1 87   8.2 12.0 8.1  
  $150,000 - $200,000 60 8 52   71 7 64   10.1 13.7 9.8  
  $200,000 - $250,000 14 1 13   18 1 17   9.3 12.0 9.2  
  $250,000 - $300,000 15 2 13   12 1 11   15.0 24.0 14.2  
  $300,000 - $500,000 17 1 16   9 0 9   22.7 No Sales 21.3  
  $500,000 - $750,000 3 0 3   1 0 1   36.0 No Sales 36.0  
  $750,000 + 3 0 3   1 0 1   36.0 No Sales 36.0  
  Totals 508 13 495   636 11 625   9.6 14.2 9.5  
                                 
  SouthEast Leon County (Area 3)  
  $0 - $75,000 67 0 67   83 0 83   9.7 No Sales 9.7  
  $75,000 - $100,000 52 0 52   44 0 44   14.2 No Sales 14.2  
  $100,000 - $125,000 32 0 32   52 2 50   7.4 0.0 7.7  
  $125,000 - $150,000 40 0 40   43 4 39   11.2 0.0 12.3  
  $150,000 - $200,000 38 0 38   35 0 35   13.0 No Sales 13.0  
  $200,000 - $250,000 19 2 17   32 3 29   7.1 8.0 7.0  
  $250,000 - $300,000 22 4 18   28 13 15   9.4 3.7 14.4  
  $300,000 - $500,000 27 5 22   33 12 21   9.8 5.0 12.6  
  $500,000 - $750,000 11 0 11   5 0 5   26.4 No Sales 26.4  
  $750,000 + 2 0 2   1 0 1   24.0 No Sales 24.0  
  Totals 310 11 299   356 34 322   10.4 3.9 11.1  
                                 
  Southwest Leon County (Area 4)  
  $0 - $75,000 68 0 68   110 8 102   7.4 0.0 8.0  
  $75,000 - $100,000 26 0 26   20 0 20   15.6 No Sales 15.6  
  $100,000 - $125,000 18 0 18   7 0 7   30.9 No Sales 30.9  
  $125,000 - $150,000 15 0 15   6 1 5   30.0 0.0 36.0  
  $150,000 - $200,000 14 1 13   13 1 12   12.9 12.0 13.0  
  $200,000 - $250,000 8 0 8   0 0 0   No Sales No Sales No Sales  
  $250,000 - $300,000 6 0 6   5 0 5   14.4 No Sales 14.4  
  $300,000 - $500,000 1 0 1   2 0 2   6.0 No Sales 6.0  
  $500,000 - $750,000 1 0 1   0 0 0   No Sales No Sales No Sales  
  $750,000 + 0 0 0   0 0 0   No Sales No Sales No Sales  
  Totals 157 1 156   163 10 153   11.6 1.2 12.2  
  All Area Totals 1,856 71 1,785   2,377 136 2,241   9.4 6.3 9.6  
     

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* 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 November 2012

About Joe Manausa, MBA

Joe Manausa, MBA is a 22+ year veteran of real estate brokerage in the State of Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.