Gainesville Real Estate Market Report May 2016

Gainesville Real Estate Market Report MAY 2016

Gainesville Florida Real Estate Market Report for Single Family Homes Sold in May 2016.  Here you will find the recent three-month statistics for March, April and May 2016.

The chart below shows Gainesville’s NEW LISTINGS, PENDING SALES, and the CLOSED SALES for the last 3 Months.   New Listings are slightly down this month to 392.  Our PENDING contracts are down to 371, and I think this is an indicator of low inventory for homes under $ 250,000.  Closed Sales are also UP to 304 for May. We are having a HOT summer real estate market!

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 MAY 2016 compared to MAY 2015.  Closed sales show an 3.8% increase from last year. Yet our months supply of inventory has declined 15.8%, and this shows a trend to our low inventory of homes for sale. The total Dollar Volume is up 10% from last year. Homes are moving faster. The average sales price is UP 6.1% and these are very good numbers!  Call us for any questions about the Gainesville Real Estate Market.

This chart above provides a detailed breakdown of the Gainesville FL Real Estate Market for MAY 2016.  Our “Months Supply of Inventory” is down by 15.8%, so our inventory is shrinking. This has already created multiple offer situations for buyers now for homes that are priced under $ 300,000.  To be a strong buyer, have your financing in place to make your offer strong.

You can view the FULL Monthly Market Detail HERE.

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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!