Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, jumped 7.4 percent to 93.4 from an upwardly revised reading of 87.0 in July, and is 8.8 percent higher than August 2007 when it stood at 85.8. The index is at the highest level since June 2007 when it stood at 101.4.
Lawrence Yun, NAR chief economist, said home buyers were responding to improved affordability. “What we’re seeing is the momentum of people taking advantage of low home prices, with pending home sales up strongly in California, Nevada, Arizona, Florida, Rhode Island and the Washington, D.C., region,” he said. “It’s unclear how much contract activity may be impacted by the credit disruptions on Wall Street, but we’re hopeful most of the increase will translate into closed existing-home sales.”
Let’s take a look at the sales statistics for September 2008 to see how the Gainsville FL real estate market looks:
The Gainesville FL area single family home sales experienced a 13% decline in new listings in September 2008, when compared against September 2007. Pending listings were down 11% and sold $208,520 while market times increased by 7 days.
|
Gainseville Area |
New Listings |
Pending Sales |
Sold Listings |
Avg. Sales Price |
Days on Market |
|
Sept 2008 |
412 |
142 |
113 |
$208,520 |
95 |
|
Sept 2007 |
473 |
159 |
175 |
$231,980 |
88 |
The Gainesville FL area Condo/TH market saw a 23% drop in pending sales in September 2008, compared to September 2007. Likewise, new listings were down 41% and sold listings were down by 49% this September. The average sales price, decreased by 16% to $157,520 while the average market times increased by only 102 days.
|
Gainseville Area |
New Listings |
Pending Sales |
Sold Listings |
Avg. Sales Price |
Days on Market |
|
Sept 2008 |
86 |
30 |
23 |
$157,520 |
187 |
|
Sept 2007 |
146 |
39 |
45 |
$187,548 |
85 |
For the latest Gainesville FL real estate market conditions in your area, please call me at 888-424-8841 or visit MyGatorCondo.com.
6 responses so far ↓
Gainesville FL Real Estate Sales Statistics - September 2008 : thegameoflove // Oct 23rd 2008 at 8:03 pm
[...] The Gainesville FL area single family home sales experienced a 13% decline in new listings in September 2008, when compared against September 2007. Gainesville FL Real Estate Sales Statistics - September 2008 [...]
Gainesville FL Real Estate Sales Statistics - September 2008 · Real-Estate-Investing.ExplainedOnline.Net // Oct 23rd 2008 at 8:05 pm
[...] Original post by Lake Greenwood SC Real Estate » Lake Greenwood SC Real Estate [...]
Gainesville FL Real Estate Sales Statistics - September 2008 · Invest-In-Real-Estate.ExplainedOnline.Net // Oct 23rd 2008 at 8:11 pm
[...] Original post by Lake Greenwood SC Real Estate » Lake Greenwood SC Real Estate [...]
Real Estate Newbie Info » Blog Archive » Gainesville FL Real Estate Sales Statistics - September 2008 // Oct 27th 2008 at 7:45 pm
[...] North Central Florida Real Estate Agent wrote an interesting post today onGainesville FL Real Estate Sales Statistics - September 2008Here’s a quick excerptLet’s take a look at the sales statistics for September 2008 to see how the Gainsville FL real estate market looks:. The Gainesville FL area single family home sales experienced a 13% decline in new listings in September 2008, … [...]
Real Estate Secret Info » Blog Archive » Gainesville FL Real Estate Sales Statistics - September 2008 // Oct 29th 2008 at 1:01 am
[...] North Central Florida Real Estate Agent wrote an interesting post today onGainesville FL Real Estate Sales Statistics - September 2008Here’s a quick excerpt“What we’re seeing is the momentum of people taking advantage of low home prices, with pending home sales up strongly in California, Nevada, Arizona, Florida, Rhode Island and the Washington, DC, region,” he said. … [...]
Safe Real Estate Info » Blog Archive » Gainesville FL Real Estate Sales Statistics - September 2008 // Oct 29th 2008 at 3:25 am
[...] North Central Florida Real Estate Agent wrote an interesting post today onGainesville FL Real Estate Sales Statistics - September 2008Here’s a quick excerptLet’s take a look at the sales statistics for September 2008 to see how the Gainsville FL real estate market looks:. The Gainesville FL area single family home sales experienced a 13% decline in new listings in September 2008, … [...]
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