Gainesville real estate market report – May 2012

Gainesville Real Estate Market Report – May 2012

How is the Gainesville real estate market?

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.

A few 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.

A full video report of the Gainesville real estate market (about 3 minutes in length) can be found here:

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