Gainesville Real Estate Market Report August 2016
Gainesville Florida Real Estate Market Report for Single Family Homes Sold in August 2016. Here you will find the recent three-month statistics for June, July and August 2016.
The chart below shows Gainesville’s NEW LISTINGS, PENDING SALES, and the CLOSED SALES for the last 3 Months. New Listings are down this month to 265. Our PENDING contracts are down to 247, and I think this is an indicator of low inventory for homes under $ 250,000. Closed Sales are also down to 296 for August. Strong stats for our active summer season that is winding down to fall.
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 August 2016 compared to August 2015. Closed sales show and INCREASE from August 2015. Yet our months supply of inventory has declined 13.5%, and this shows a trend to our low inventory of homes for sale. Our “new listing” stat is up 8% from last year. Homes are moving faster, which is shown under time to sale or time to contract percentage.
This chart above provides a detailed breakdown of the Gainesville FL Real Estate Market for August 2016. Our “Months Supply of Inventory” is down by 13.5%, so our inventory is shrinking. This has already created multiple offer situations for buyers now for homes that are priced under $ 300,000. To be a strong buyer, have your financing in place to make your offer strong.
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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!