Gainesville Real Estate Market Report March 2020
Gainesville Real Estate Market Report for March 2020. Here’s the stats to close out the first quarter of 2020. We are now combining our monthly market reports as one report. 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 March stats are PRIOR to the COVID-19 pandemic.
Single Family Homes Market
New listings that came on the market in March are 420 homes. This proves a seller’s market with frustrated buyers on low inventory. Our new PENDING contracts are up to 276. Closed Sales in March were 307 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 March 2020.
Gainesville Condominium Market
The chart below shows the stats for the Gainesville CONDOMINIUM Market. Closed condo sales are 87 units for March, and 51 of those sales were cash buyers. There were 93 NEW LISTINGS. And in March, there were 69 condos changed to PENDING. Our months supply of inventory is 2.2 months. Our Gainesville Real estate market has low inventory on units 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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