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.
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.