Gainesville Florida Real Estate Market Report for Single Family Homes Sold in August 2014. Here you will find the three-month statistics for Gainesville Florida single family homes real estate market for June, July and August 2014.
The chart below shows the number of NEW LISTINGS that came on the market for the month of June, the currently NEW PENDING SALES, and the CLOSED SALES for the month of August 2014. It’s been HOT in Gainesville….and that includes the weather AND our real estate market!
You will see that NEW LISTINGS are down just a bit for this month, and this may be another indicator of lower inventory. Pending transactions and Closed Sales were down from July and this is normal for the beginning of the school year, as many family buyers want to be in their new homes before school starts.
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. Our average sales price has increased by 4.5%! And our months supply of inventory has declined. Proof that our market is shifting to a balanced market in our summer season.
This chart provides a detailed breakdown of the Gainesville FL Real Estate Market for the Month of August 2014. Our “Months Supply of Inventory” is down by 8.9% and this is further proof our local Gainesville market is recovering to a true balanced market. Another good statistic is the “average sales price” is up from 2013. This is showing good statistics for our Gainesville market.
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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. And I fully admit that I love numbers!