Tallahassee Home Inventory Report February 2013

The following real estate graph and tables demonstrate housing supply and demand dynamics in the Tallahassee real estate market as of February 5, 2013. 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”).

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real estate supply and demand

                                 
  Leon County Home Inventory Report  
  Residential Supply February 2013  
                                 
          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   31 0 31   7.4 No Sales 7.4  
  $75,000 - $100,000 45 0 45   66 0 66   8.2 No Sales 8.2  
  $100,000 - $125,000 42 0 42   67 0 67   7.5 No Sales 7.5  
  $125,000 - $150,000 56 0 56   121 2 119   5.6 0.0 5.6  
  $150,000 - $200,000 138 2 136   336 2 334   4.9 12.0 4.9  
  $200,000 - $250,000 144 16 128   267 29 238   6.5 6.6 6.5  
  $250,000 - $300,000 114 19 95   144 29 115   9.5 7.9 9.9  
  $300,000 - $500,000 170 15 155   201 18 183   10.1 10.0 10.2  
  $500,000 - $750,000 42 1 41   38 0 38   13.3 No Sales 12.9  
  $750,000 + 34 1 33   11 2 9   37.1 6.0 44.0  
  Totals 804 54 750   1282 82 1200   7.5 7.9 7.5  
                                 
  Northwest Leon County (Area 2)  
  $0 - $75,000 161 0 161   249 0 249   7.8 No Sales 7.8  
  $75,000 - $100,000 113 1 112   114 0 114   11.9 No Sales 11.8  
  $100,000 - $125,000 72 0 72   93 0 93   9.3 No Sales 9.3  
  $125,000 - $150,000 66 1 65   85 0 85   9.3 No Sales 9.2  
  $150,000 - $200,000 46 2 44   69 6 63   8.0 4.0 8.4  
  $200,000 - $250,000 19 1 18   19 3 16   12.0 4.0 13.5  
  $250,000 - $300,000 18 1 17   11 1 10   19.6 12.0 20.4  
  $300,000 - $500,000 15 0 15   8 0 8   22.5 No Sales 22.5  
  $500,000 - $750,000 3 0 3   2 0 2   18.0 No Sales 18.0  
  $750,000 + 2 0 2   1 0 1   24.0 No Sales 24.0  
  Totals 515 6 509   651 10 641   9.5 7.2 9.5  
                                 
  SouthEast Leon County (Area 3)  
  $0 - $75,000 65 0 65   85 0 85   9.2 No Sales 9.2  
  $75,000 - $100,000 49 0 49   45 0 45   13.1 No Sales 13.1  
  $100,000 - $125,000 33 0 33   52 0 52   7.6 No Sales 7.6  
  $125,000 - $150,000 28 0 28   51 3 48   6.6 0.0 7.0  
  $150,000 - $200,000 28 0 28   49 0 49   6.9 No Sales 6.9  
  $200,000 - $250,000 13 0 13   27 2 25   5.8 0.0 6.2  
  $250,000 - $300,000 13 4 9   31 11 20   5.0 4.4 5.4  
  $300,000 - $500,000 22 3 19   39 16 23   6.8 2.3 9.9  
  $500,000 - $750,000 11 0 11   4 0 4   33.0 No Sales 33.0  
  $750,000 + 2 0 2   1 0 1   24.0 No Sales 24.0  
  Totals 264 7 257   384 32 352   8.3 2.6 8.8  
                                 
  Southwest Leon County (Area 4)  
  $0 - $75,000 66 0 66   119 8 111   6.7 0.0 7.1  
  $75,000 - $100,000 27 0 27   19 0 19   17.1 No Sales 17.1  
  $100,000 - $125,000 18 0 18   7 0 7   30.9 No Sales 30.9  
  $125,000 - $150,000 15 0 15   5 0 5   36.0 No Sales 36.0  
  $150,000 - $200,000 11 1 10   10 0 10   13.2 No Sales 12.0  
  $200,000 - $250,000 10 0 10   3 0 3   40.0 No Sales 40.0  
  $250,000 - $300,000 3 0 3   5 0 5   7.2 No Sales 7.2  
  $300,000 - $500,000 3 0 3   2 0 2   18.0 No Sales 18.0  
  $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 154 1 153   170 8 162   10.9 1.5 11.3  
  All Area Totals 1,737 68 1,669   2,487 132 2,355   8.4 6.2 8.5  
     

* 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 February 2013

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.