Market Intelligence Report — FL-220

Tallahassee, FL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-FL-07
As of the latest 2026 data
Cooling

Median Listing

$343K
-1.8% YoY

Pending Ratio

0.38
-1.2% YoY

Active Inventory

1,405
+1.4% YoY

Median DOM

56 Days
+8.8% YoY

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The Tallahassee, FL market is currently exhibiting "Cooling" conditions, with a pending ratio of 0.38 indicating demand absorption is lagging inventory. This is further underscored by a modest year-over-year increase in active listings of 1.4% alongside an 8.8% increase in median days on market.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

5.0%+0.9 pp YoY

Unemployment rate · Jun 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

397,442+0.4% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

192-39.2% YoY

Building permits (private housing units) · Jun 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Tallahassee market right now.

Median listing prices registered a slight month-over-month decline of 0.3% and a year-over-year contraction of 1.8%, reflecting prevailing market pressures. Active listings experienced a minor year-over-year increase of 1.4%, while new listings remained relatively stable with a 0.4% year-over-year change. The pending ratio has declined by 1.2% year-over-year, reinforcing the decelerating demand environment. Median days on market have extended by 8.8% over the past year, indicating a slower pace of transaction. The share of price-reduced listings increased by 1.5% year-over-year to 18.3%.

Historical Analysis

Market Trends

Median Price

$343K-0.3% MoM

Active Inventory

1,405+1.4% YoY

Days on Market

56+8.8% YoY

Sold Score™

52-1.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

52
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

In this "Cooling" environment, the extended median days on market and the relatively low pending ratio suggest that inventory is accumulating at a pace that allows for greater consideration by prospective purchasers. This dynamic reduces the urgency for rapid commitment, potentially leading to more deliberate negotiations. Price discipline may become increasingly important for properties to effectively differentiate in a less constrained market.

Luxury Segment

The average listing price, at $418,099, reflects a year-over-year decline of 2.0%, while the median listing price declined by 1.8% year-over-year. This indicates a general softening across price points rather than a distinct signal of luxury-segment weakness. Median listing price: $342,900 (MoM -0.3%, YoY -1.8%). Median $/sqft: $201 (YoY 0.2%). Average listing price: $418,099 (YoY -2.0%). The similar declines suggest general market softness rather than a distinct luxury segment trend.luxury_segment weakness.

Supply Dynamics

1,405 active listings represent the current floor, with new supply arriving at roughly 474 per month.

Pricing Pressure
18.3%

of active listings carry a price reduction, +1.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.2% year-over-year.

Absorption
0.38

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Tallahassee, FL? Homes here are taking 5 days longer to sell than last year.

Buyers have leverage in Tallahassee, FL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
38%
Median Days on Market
56 days
Inventory YoY
+1%

In a buyer's market, strategy beats timing. See how your home scores in Tallahassee, FL and what moves the number.

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The Monthly Briefing

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Metro Demographics

Metro Area
Tallahassee, FL
CBSA Code
45220
State
FL

ZIPs in Tallahassee, FL

Sorted by active inventory · click a ZIP for its full report