This year’s fall slow down is in line with normal expectations. Unfortunately there are also higher inventory levels than normal and that is creating low absorption rates and has nudged average prices down. The silver lining for buyers is that that the average home they can afford is both newer and larger than what they could have bought a year ago.
October 17th, 2010 by Kathleen Seide
With indications that prices are stabilizing more and more owners are putting their homes on the market. This influx has outpaced the absorption by buyers and brought up the inventory levels again. In the meantime buyers have an overwhelming amount of inventory to sift through when looking for a home. When they find a home to purchase it is usually both larger and/or newer than what they were able to afford a year ago.
August 13th, 2010 by Kathleen Seide
Good News! From looking at the contracts being reported for May it looks like the market is remaining stable. While there are fewer sales going into contract each day it looks like the average sales price is almost $100,000 higher in May than in April. Our hopes that the tax incentives would free up money for people who already owned property seem to be happening.
May 20th, 2010 by Kathleen Seide
A look at the local real estate market, for Gainesville FL and Alachua County. Stats on home sales, new listings, pending contract, average prices, average DOM, and much more!
May 18th, 2010 by Kathleen Seide
The number of sales was up in March and the average sale price is also up! Buyers have a lot of homes to browse through to find the right one. Sellers have put their homes up for sale en-masse. If you qualify for the $8,000 or $6,500 tax credits you have until APRIL 30 to sign a contract, and you have to close by JUNE 30. Ready-set-go!
April 14th, 2010 by Kathleen Seide
We normally see a drop in the number of sales and a small increase in prices for January, which is true again this year (the average sale price for homes went up by about $5k). The good news is that the number of home sales increased by about 15% compared to Jan a year ago while the number of condo sales increased by 77% to 16 sales.
February 20th, 2010 by Kathleen Seide
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