Gainesville Real Estate Market Report May 2017
Gainesville Florida Real Estate Market Report for Single Family Homes Sold in May 2017. Here you will find the recent three-month statistics for March, April and May 2017. We are having a strong spring market, and now moving into our HOT Summer season!
The chart below shows Gainesville’s market statistics for NEW LISTINGS, PENDING SALES, and the CLOSED SALES for the last 3 Months. New listings have fell slightly from last month. Our PENDING contracts are at 430 this month. Closed Sales are show UP for the month at 375 transactions closed in May.
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 May 2017 compared to the same month last year. Closed sales are UP 21% compared to last year. Yet our months supply of inventory has declined 12.8%, and this shows a trend to our low inventory of homes for sales under the $250K price range. Homes are moving faster, which is shown under medium time to sale or medium time to contract percentage. Median Sales Prices are steady. These are good stats for Gainesville’s spring season real estate market.
This chart above provides a detailed breakdown of the Gainesville FL Real Estate Market May 2017. Our “Months Supply of Inventory” is down by 12.8%, so our inventory is low. This has already created multiple offer situations for buyers now for homes that are priced under $250,000. 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!