Gainesville Real Estate Market Report October 2019
Gainesville Real Estate Market Report for Oct 2019. 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. We think this is a better format to report the local real estate market stats. You can also download the reports under each of the charts.
Single Family Homes Market
New listings that came on the market in October are 288. This proves a seller’s market with frustrated buyers on low inventory. Our new PENDING contracts are sitting at 260. Closed Sales in October were 217 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 October 2019.
Gainesville Condominium Market
The chart below shows the stats for the Gainesville CONDOMINIUM Market. Closed condo sales are 48 units for October, and 25 of those sales were cash buyers. There were 51 NEW LISTINGS. And in October, there were 63 condos changed to PENDING. Our months supply of inventory is low at 1.4 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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