Gainesville Real Estate Market Report October 2016
Gainesville Florida Real Estate Market Report for Single Family Homes Sold in October 2016. Here you will find the recent three-month statistics for August, September & October 2016.
The chart below shows Gainesville’s NEW LISTINGS, PENDING SALES, and the CLOSED SALES for the last 3 Months. New Listings are steady this month at 235. Our PENDING contracts are up to 267. Closed Sales are also down to 200 for October, and this is expected for our fall season.
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 October 2016 compared to October 2015. Closed sales show are UP from last year. Yet our months supply of inventory has declined 16.7%, and this shows a trend to our low inventory of homes for sales under the $250K price range. Homes are moving faster, which is shown under medium time to sale or medium time to contract percentage.
This chart above provides a detailed breakdown of the Gainesville FL Real Estate Market in October 2016. Our “Months Supply of Inventory” is down by 16.7%, so our inventory is shrinking. This has already created multiple offer situations for buyers now for homes that are priced under $250,000. 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!