Gainesville Real Estate Market Report August 2021
Gainesville Real Estate Market Report for August 2021. Here is the 17th full month of statistical data about our local real estate market since the COVID-19 Pandemic began. Now our report will show stats for both the single family home market, and our condominium and townhouse market. You will see both the single family homes and condominiums sections below with detailed stats for each category. You will find other statistics on each chart. We love numbers and hope you enjoy our monthly market reports. You can also download the reports under each of the charts. **Note these August 2021 stats are the 17th month’s from the start of the Covid pandemic. I know many people are tired of being reminded about the timeline of the pandemic.
Single Family Homes Market
This is our Gainesville real estate market report for August. New listings that came on the market in August are 343 homes. Our new PENDING contracts are 315. Closed Sales in August were 310 homes. Of those 310 home sales, 67 were cash sales, and that is up 34% from last year. The Months Supply of Inventory has increase to 1.9 months. We sure love to keep track of our market stats and will be sharing these reports each month. The charts will show statistics for the current year, then compared to last year and the change when comparing each year. The stats are important in our local area. Average Sales Price is up 17.4% from last year. The Dollar Volume numbers are up almost 33% from last year.
Gainesville Condominium Market
The chart below shows the stats for the Gainesville CONDOMINIUM Market. Closed condo sales are 96 units for August, and 39 of those sales were cash buyers. There were 91 new listings. And in August, there were 80 condos changed to PENDING. Our months supply of inventory is up a bit to 1.8 months. Our Gainesville Real estate market has low inventory of units for sale. Listings are selling faster, which is shown under medium time to sale or medium time to contract percentage.
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. 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 FL Real Estate market is STRONG, even with the COVID-19 Pandemic. Real Estate is an essential business, and buyers actively looking for homes in the current low inventory market. It is a seller’s market. Call us and let talk about BUYING or SELLING your home or condo in the Gainesville Area.