Gainesville real estate market is slowly improving

The Gainesville real estate market is slowly improving. An analysis of Gainesville homes and condos sold during the 1st quarter of 2014 reveals the following:

Gainesville single-family homes sold between January-March 2014

  • Amount of Gainesville homes sold increased 3.2% over 1Q2013
  • Gainesville home sales prices increased 3.3% over 1Q2013
  • Average days on market for a Gainesville home decreased 4.1% from 1Q2013
Gainesville home sales January to March 2014

Gainesville condos and townhomes sold between January-March 2014:

  • Sales of Gainesville townhomes and condos decreased 2.4% from 1Q2013
  • Gainesville condo and townhome prices increased 16.4% over 1Q2013
  • Average days on market to sell a Gainesville condo or townhome decreased 2.5% from 1Q2013
Gainesville condos sold January to March 2014

Short sales and foreclosures continue to play a significant role in the Gainesville real estate market. Short sales and foreclosures comprised 30% of all homes sold in 1Q2014 — down from 1Q2013, but still a major factor in the Gainesville real estate market.

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