Alachua County Market Report October 2019

By
Real Estate Agent with Secure Investments Realty

The Alachua County Real Estate Market report covers data for all residential properties.  We will then review US Housing statistics and market forecast. ​

The statistics provided include year to date and month to date information. The report is broken down by the current month with all preceding months in order going back towards the beginning of the year. 

 

197 total properties closed in the month of September. This is down by 19.26% year over year. September of 2018 had 47 more homes close at 244 for the month.

September ended with 247 new listings for the month 25 more than last year which had only 222 new homes come onto the market. 

Pending sales were up by 9.13% with 227 properties under contract for the month of September. Compare to last year this time with 208 homes that went pending in 2018. 


The data included in the graph below covers single family homes under the Alachua County umbrella.

 

Properties were on the market at an average of 103 days, up by 3% compared to 100 days in September of 2018.

What does the average days on market mean?
It means the number of days the home was listed in the MLS before it went pending (under contract) to closed.

 

 

The median sales price in Alachua County is $225,500 for the month of September of 2018 and $239,000 year to date. The sales price increase year to date is 5.99% higher than this time last year. 

 

 

The sale-to-list ratio is the final sale price or what a buyer pays for the home, divided by the last list price expressed as a percentage. If it's above 100%, the home sold for more than the list price. If it's less than 100%, the home sold for less than the list price.

 The list price to sold price for the month of September increased by 0.21%. 

View the rest of this Alachua County FL Market Report for October here:

https://ansonproperties.com/alachua-county-real-estate-market-report-this-month/

 

 

Now let's move into the US Housing Market statistics.

There is till talk of recession amongst the talking heads and economists. This has many people spooked and not sure what to do with their money. Some are moving to precious metals while others are shorting stocks, buying cryptos or investing in real estate. 

It is apparent to all that the yield curve is inverted. It is usually a sign that there’s a recession right around the corner. That coupled with the up and down stock market has caused a lot more conversation about a recession. Most want to know how an economic slowdown will affect home prices.

 

If we take a look at the National Report per state for the year-over-year change in prices, every single region is seeing positive appreciation. Most states are at or above the national historical average.

The perception is that the level of homes is depreciating; this is just not the case. As you can see, not a single region is depreciating. In fact, the appreciation is more considerable than the historic norm of 3.5%. Price adjustments are healthy, and there are not any red states. They all show appreciation.

 

To view the rest of the US Housing Statistics view:

https://ansonproperties.com/alachua-county-real-estate-market-report-this-month/#USMarket

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Topic:
Real Estate Market Trends
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Florida Alachua County
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INTERNATIONAL REAL ESTATE - Become a global agent rather than a local agent
Tags:
real estate market trends
alachua county real estate market report
us real estate housing market

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Stephanie Anson

Estates | Homes | Land | Investments
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