Gainesville Real Estate Market Report November 2016
Gainesville Florida Real Estate Market Report for Single Family Homes Sold for November 2016. Here you will find the recent three-month statistics for September October and November 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 207. Our PENDING contracts are down to 238. Closed Sales are up this month to 214 for November, and these are strong November stats.
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 November 2016 compared to November 2015. Closed sales show are UP from last year. Yet our months supply of inventory has declined 17%, 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 for November 2016. Our "Months Supply of Inventory" is down by 17%, so our inventory is low. 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!
**Originally Posted at GainesvilleRealEstateTalk.com