Gainesville Real Estate Market Report July 2017

Gainesville Real Estate Market Report July 2017

Gainesville Real Estate Market Report for Single Family Homes Sold in July 2017.  Here you will find the recent three-month statistics for May, June and July 2017. Our strong summer market has is underway.

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 slightly from last month.  Our PENDING contracts are at 324 this month. Closed Sales are dropped from last month to 283. In a strong market, our frustration is available inventory for buyers this summer.

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 JULY 2017 compared to the same month in 2016.  Closed sales are down 9.6% compared to last year. Yet our months supply of inventory has declined 8.7%, 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. These are good stats for Gainesville’s summer real estate market. You can view the FULL Monthly Market Detail HERE.

This chart above provides a detailed breakdown of the Gainesville FL Real Estate Market July 2017.  Our “Months Supply of Inventory” is down by 8.7%, 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 UP from last year at 7.7% and shows $259,985. 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!