Tallahassee Real Estate, Blog by Lisa Carey & Lesa Hart

Tallahassee Supply of Homes January 2008

January 8th, 2008 2:19 PM by Lisa Carey

Hi to all - I'll be trying to update my blog much more frequently this year with local statistics and news.  The Tallahassee Supply of Homes was just released, and I've included the stats for the northeast section of Tallahassee below.  The sales are year to date since January 2, 2007.  The supply is in number of months & is how we often measure the health of our market in inventory.  For example, in the $200,000 - $250,000 price range in the NE, there is a 6 month supply of homes.  So if we continued to sell homes at the current rate and no new homes entered the market, we wouldn't run out of homes in this price range and area for 6 months.  Ouch!

Columns are as follows:  Price range, active homes, active new construction, sold homes, sold new construction, supply of homes, supply of new construction.          

75,000-100,000

2

0

1

0

24.0

0*

100,000-125,000

4

0

4

0

12.0

0*

125,000-150,000

9

0

15

0

7.2

0*

150,000-200,000

109

2

189

2

6.9

12.0

200,000-250,000

153

12

306

15

6.0

9.6

250,000-300,000

171

26

273

42

7.5

7.4

300,000-500,000

293

65

380

79

9.0

9.9

500,000-750,000

94

16

88

30

12.8

6.4

750,000+

57

12

16

7

42.8

20.6

TOTALS

892

133

1272

175

Posted in:General
Posted by Lisa Carey on January 8th, 2008 2:19 PM

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