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Gainesville Home Sales Trends
Gainesville Home Sales Trends
 
Breaking down Gainesville MLS statistics, an analysis of Gainesville home sales from January through July for the past five years brings into stark focus the market's decline. So far this year 746 homes have sold in Gainesville, down from 867 in 2008.

In concert with the slide in the number of Gainesville homes sold, Gainesville home prices have declined as well.  The median price of Gainesville homes sold in 2009 is $185,804, down from $212,100 last year. "According to housing industry analysts with the National Association of Realtors(R) (NAR), sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less," according to an August 21, 2009 article in Earth Times. What this news means for buyers of Gainesville real estate: Yippee for you!  With high housing inventories and low mortgage rates, this is a GREAT time to buy Gainesville real estate!  First time homebuyers have the added benefit of the $8000 tax credit (or 10% of home's purchase price, whichever is less).  Free money...what more could you ... more

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