Here is the Gainesville Fl Condominium Market Report for May 2012 that shows (3) Month Statistics on the Gainesville Florida Condominium & Townhouse Market. These charts reflects the March, April, and May 2012 data of units sold. This data is compiled from the Gainesville Multiple Listing Service.
This first chart below shows the total number of active listings in the MLS and how that compares to the number of pending sales, and the closed sales for each month. You will see that our inventory has is remaining stable, with new listings coming on the market as other units are selling. The current inventory is ready for Gainesville’s Spring/Summer buying season for incoming students.
This next chart shows the average days on the market for the Gainesville Condominium market and that numbers relationship to Closed Sales and Pending Sales. The May 2012 activity shows that the number of condo sales that are SOLD are up for May 2012, and our inventory is down slightly. It’s condo buying season in Gainesville FL!
The Gainesville condominium market continues to be good for buyers. The prices are down, and the inventory of active units is high. The biggest obstacle for condominium sales is a buyer’s ability to obtain a mortgage. Each condominium complex will be analyzed by the mortgage lender & underwriters for loan approval. Call me to find out which condo complexes will qualify for FHA Financing.
Cash Buyers and Investors have excellent opportunities in the Gainesville market.
Click Here for the January 2012 Condo Report
If you are interested in buying a townhome or condominium in Gainesville, please call me! I’d love to help you.