Gainesville Real Estate Market Report Oct 2018
Gainesville Real Estate Market Report for Single Family Homes Sold in October 2018. Here you will find the recent three-month statistics for August, September & October of 2018. Our real estate market stats are here, and this shows we are now in the slower fall market.
The chart below shows Gainesville’s market statistics for NEW LISTINGS, PENDING SALES, and the CLOSED SALES for the last 3 Months. New listings that came on the market this month are 277, and that is UP from last month. This is drop in our current inventory is a struggle for buyers. This proves a seller market with frustrated buyers on low inventory. Our new PENDING contracts are sitting at 258 homes. Closed Sales have are down this month to 226.
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 Oct 2018 compared to the same month in 2017. Closed sales are down 4.2% compared to last year. Yet our months supply of inventory has declined 2.7%, and this shows 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. You can view the FULL Monthly Market Detail HERE.
This chart above provides a detailed breakdown of the Gainesville FL Real Estate Market Oct. 2018. Our “Months Supply of Inventory” is down by 2.7%. This has already created multiple offer situations for buyers now for homes that are priced under $350,000. The average sale price is fallen slightly from is UP 4.3% and shows $244,268. 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!