Here’s a look at the Gainesville real estate market in May 2012.
Short version – we sold fewer homes for less money over a longer period of time in May 2012 than we did the same time last year.
Highlights
There are less homes for sale in Gainesville than there were this time last year — less homes for sale will work towards helping stabilize Gainesville home prices.
There are 17% more sales contracts pending on Gainesville homes than there were this time last year — which indicates more home buyers are in the market.
The bulk of Gainesville homes sold are selling for $225,000 or less. The higher the sales price, the less buyers available, and the less homes sold — something for high-end sellers to keep in mind as they are marketing their homes for sale.
