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2015 Gainesville FL Real Estate Market Trends Report

January 22, 2016 · No Comments

gainesville fl real estate

The headline from Realtor.com for its Housing State Of the Union is “We’re Back, Baby!” 2015 was a great year of growth and improvement—one that sets the stage for a return to normalcy in the months and years ahead.

Here are highlights from the report which is bases on data through November 2015:

  1. new-home sales were up 13% and existing-home sales were up 7%
  2. strong household formation (1.4 million households formed in the past four quarters ending in September)
  3. year of solid job creation (an average of 210,000 jobs per month through November)
  4. distressed sales declined
  5. home prices rose 5% to 7% nationally
  6. lower inventory levels and faster-moving inventory every month
  7. affordability remains strong with only marginally higher mortgage rates

See how this relates to our local housing market in 2015…

Gainesville FL Real Estate Market Trends in 2015

The Gainesville FL area single family home sales saw new listings increase by 7.62% for the year when compared with 2014 numbers.  Sold listings increased by 13.34% and pending sales increased by 12.13%. The average sales price increased by 5.71% to $213,9188 and market times dropped by 12 days.

Gainesville Area
Single Family
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
2015
3,897 2,901 2,778 $213,918 133
  
2014
3,621 2,587 2,451 $201,678 145

The Gainesville FL area Condo home sales saw new listings decrease by 5.99% in 2015 when compared to 2014 numbers.  Sold listings increased by 5.82%, and pending sales decreased by 2.17% compared to 2014.  The average sales price increased by 1.81% to $94,082, and market times decreased by 4 days or 2.72%.

Gainesville
Area Condo
New Listings Pending Sales Sold Listings Avg. Sales Price Days on Market
 
2015
925 719 709 $94,082 143
 
2014
984 735 670 $92,401 147

For the latest Gainesville FL real estate market conditions in your area, please call me at 888-424-8841 or visit MyGatorCondo.com.

Categories: Area Info · Market Trends · North Central Florida Real Estate · Real Estate
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