Here is the (3) Month Statistics on the Gainesville Florida Condominium & Townhouse Market. These charts reflect SEPTEMBER, OCTOBER, and NOVEMBER 2011 data compiled from the Gainesville Multiple Listing Service.
This chart 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.
This chart shows the average days on the market for the Gainesville Condominium market and that numbers relationship to Closed Sales and Pending Sales.
The Gainesville condominium market is 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. Cash Buyers and Investors have excellent opportunities in the Gainesville market.
If you are interested in buying a townhome or condominium in Gainesville, please call me! I’d love to help you.