Gainesville Real Estate Market Report September 2016
Gainesville Florida Real Estate Market Report for Single Family Homes Sold in September 2016. Here you will find the recent three-month statistics for July, August and September 2016.
The chart below shows Gainesville’s NEW LISTINGS, PENDING SALES, and the CLOSED SALES for the last 3 Months. New Listings are down this month to 239. Our PENDING contracts are steady at 248. Closed Sales are also down to 214 for September, and this is expected for the beginning of 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 September 2016 compared to September 2015. Closed sales show are down just a bit from last year. Yet our months supply of inventory has declined 14.3%, and this shows a trend to our low inventory of homes for sale 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 for September 2016. Our “Months Supply of Inventory” is down by 14.3%, 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.
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.
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