Gainesville Real Estate Market Report Dec 2017

Gainesville Real Estate Market Report Dec 2017

Gainesville Real Estate Market Report for Single Family Homes Sold in December. 2017.  Here you will find the recent three-month statistics for October, November & December 2017. Our winter real estate market stats are here. This closes out the last month of 2017. We’re looking forward to a strong market for 2018.

The chart below shows Gainesville’s market statistics for NEW LISTINGS, PENDING SALES, and the CLOSED SALES for the last 3 Months. New listings are down this month to 177 homes. A drop in the number of new listings to fall in December is normal, as many owners choose to wait until after the holiday season. Our PENDING contracts are steady at 226 homes. Closed Sales jumped way UP to 283.  This bump up on closed sales in December is typical for buyers wanting to close before the end of the year to get the homestead exemption status.

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 December 2017 compared to the same month in 2016.  Closed sales are UP 11% compared to last year. Yet our months supply of inventory has declined 18.9%, and this shows a trend to our low inventory of homes for sales under the $250K price range. Listings are selling faster, which is shown under medium time to sale or medium time to contract percentage. Median Sales Prices are steady.  You can view the FULL Monthly Market Detail HERE.

This chart above provides a detailed breakdown of the Gainesville FL Real Estate Market December 2017.  Our “Months Supply of Inventory” is down by 18.9%, so our inventory is low. This has already created multiple offer situations for buyers now for homes that are priced under $250,000. The average sale price is slightly up from last year 10.8% and shows $233,565. To be a strong buyer, have your financing in place to make your offer strong. With interest rates heading up this year, there will be other buyers competing with you when looking at homes in Gainesville.

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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!