Now that the Holidays have passed and we are back to work and the numbers are in, it seems that all the experts have an opinion as to the past years activity and the pending 2007 activity. According to todays Gainesville Sun:
Sales of existing single-family homes in the Gainesville area plunged 21 percent in 2006, while the median price of homes locally jumped 19 percent - the largest increase in the state.
The average price of a home in the Gainesville Metropolitan Statistical Area - which consists of Alachua and Gilchrist counties - rose from $179,200 to $213,200.
The dip in home sales locally, agents say, came despite the fact that sales were still riding the crest of the 2004-05 nationwide investment wave through the first seven months of 2006. For the rest of '06, however, sales slowed to a near standstill.
If you are a buyer in the Gainesville Florida market, now is the time to make your move. The interest rates are still favorable and we have lots of inventory to choose from.