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.
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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!