Gainesville FL Homes Sold Market Report – May 2014

Gainesville Florida Real Estate Market Report for Single Family Homes Sold in MAY 2014.  I am late getting this posted, sorry for the delay.  Here you will find the statistics for Gainesville Florida single family homes real estate market for March, April and May and 2014.

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!

The chart below shows the number of NEW LISTINGS that came on the market for the month of May, the currently NEW PENDING SALES, and the CLOSED SALES for the month of MAY 2014.  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 are up down from April, and closed sales are up for another month. Our market is hot, as this midway through our peak season.

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! And our months supply of inventory has declined. The number of days on the market has fallen, and projected inventory has reduced as well.  Proof that our market is shifting to a balanced market.

This chart provides a detailed breakdown of the Gainesville FL Real Estate Market for the Month of April 2014. Good to see that the # of days ont the market is reducing, and it is a strong factor to our recovering market. Our “Months Supply of Inventory” is down 11% 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.

You can view the FULL Monthly Market Detail HERE.

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