Market Intelligence Report — FL-220

Tallahassee, FL

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

Ref. No: 2026-FL-09
As of the latest 2026 data
Cooling

Median Listing

$337K
-0.6% YoY

Pending Ratio

0.35
+0.7% YoY

Active Inventory

1,384
+5.9% YoY

Median DOM

60 Days
+3.5% YoY

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The Tallahassee housing market is cooling, characterized by a pending ratio of 0.35. This indicates a contraction in demand relative to available inventory, with a year-over-year increase in active listings by 5.9%.

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

4.9%+0.4 pp YoY

Unemployment rate · Aug 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

186+111.4% YoY

Building permits (private housing units) · Aug 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.

The market is showing signs of cooling with a pending ratio at 0.35. Active listings have expanded by 5.9% year-over-year, while new listings saw an 18.7% increase over the past year. Concurrently, the median listing price experienced a modest month-over-month decline of 2.3%.

Historical Analysis

Market Trends

Median Price

$337K-2.3% MoM

Active Inventory

1,384+5.9% YoY

Days on Market

60+3.5% YoY

Sold Score™

53+0.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

53
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

Negotiating leverage is shifting as the pace of sales has slowed, evidenced by the pending ratio. Expanding inventory levels are reducing pressure on buyers and increasing the need for price discipline from sellers to align with current market conditions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,384 active listings represent the current floor, with new supply arriving at roughly 470 per month.

Pricing Pressure
16.1%

of active listings carry a price reduction, +0.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.4% year-over-year.

Absorption
0.35

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Tallahassee, FL? Buyer Demand Index is running at 35%.

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
35%
Median Days on Market
60 days
Inventory YoY
+6%

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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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