Gainesville Real Estate Market Report Oct 2017
Gainesville Real Estate Market Report for Single Family Homes Sold in October. 2017. Here you will find the recent three-month statistics for August, September & October 2017.
The chart below shows Gainesville’s market statistics for NEW LISTINGS, PENDING SALES, and the CLOSED SALES for the last 3 Months. New listings are UP this month to 276 homes. Our PENDING contracts are also up strongly at 280 homes. Closed Sales were 236. It’s very nice to see strong stats for the fall market!
The Gainesville-Alachua County Association of Realtors® provides their statistics to the Florida Realtors® each month and they compile statewide data that allows them to compile these reports. Let’s look at stats for Oct 2017 compared to the same month in 2016. Closed sales are UP 18% compared to last year. Yet our months supply of inventory has declined 7.5%, and this shows a trend to our low inventory of homes for sales under the $250K price range. Listings are selling faster, which is shown under medium time to sale or medium time to contract percentage. Median Sales Prices are steady. You can view the FULL Monthly Market Detail HERE.
This chart above provides a detailed breakdown of the Gainesville FL Real Estate Market October 2017. Our “Months Supply of Inventory” is down by 7.5%, so our inventory is low. This has already created multiple offer situations for buyers now for homes that are priced under $250,000. The average sale price is slightly down from last year at 1.9% and shows $234,251. To be a strong buyer, have your financing in place to make your offer strong. With interest rates heading up this year, there will be other buyers competing with you when looking at homes in Gainesville.
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Each month we will publish Gainesville’s real estate statistics. This data is compiled by Florida Realtors® Research & Statistics division and is available after the 23rd of each month. Our monthly market reports help us understand Gainesville’s market condition.
The Gainesville Real Estate Market great!