Here is the Febrary 2012 Market Report that shows (3) Month Statistics on the Gainesville Florida Condominium & Townhouse Market. These charts reflect December 2011, and January & February 2012. This data is compiled from the Gainesville Multiple Listing Service.
This first chart below shows the total number of active listings in the MLS and how that compares to the number of pending sales, and the closed sales for each month. You will see that our inventory has gone up a bit in February. The current inventory is ready for the Spring buying season for incoming students.
This chart shows the average days on the market for the Gainesville Condominium market and that numbers relationship to Closed Sales and Pending Sales.
The Gainesville condominium market is good for buyers, the prices are down, and the inventory of active units is high. The biggest obstacle for condominium sales is a buyer’s ability to obtain a mortgage. Each condominium complex will be analyzed by the mortgage lender & underwriters for loan approval.
Cash Buyers and Investors have excellent opportunities in the Gainesville market.
Click Here for the January 2012 Condo Report
Click Here for November 2011 Condo Report
Click Here for December 2011 Condo Report
If you are interested in buying a townhome or condominium in Gainesville, please call me! I’d love to help you.
Originally Posted at: Gainesville Real Estate Talk
Comments(2)