Gainesville Real Estate Market Report For May 2019
Gainesville Real Estate Market Report for May 2019. We are now going combine our previous market reports in to monthly post. Previously we were doing a separate post for single family homes and an additional post for the condominium 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. We think this is a better format to report the local real estate market stats.
Single Family Homes Market
New listings that came on the market this month are 441. This proves a seller market with frustrated buyers on low inventory. Our new PENDING contracts are sitting at 424. Closed Sales in May was 384 homes. 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. This is our Gainesville real estate market report for May 2019.
Gainesville Condominium Market
The chart below shows the stats for the Gainesville CONDOMINIUM Market. Closed condo sales are 104 units for May, and 54 of those sales were cash buyers. There were 106 NEW LISTINGS. And in May there were 108 condos changed to PENDING. Our months supply of inventory is low at 2.0 months. Our Gainesville Real estate market is low on condo inventory for sale. Listings are selling faster, which is shown under medium time to sale or medium time to contract percentage. Median Sales Prices are steady.
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.
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