The Long & Foster Market Minute

Focus On: Gainesville Housing Market July 2019

Zip Code(s): 20155 and 20156
Units Sold
88
Active Inventory
95
Median Sale Price
$469,500
Days On Market
31
Up 4%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 82%
Vs. Year Ago

Units Sold
There was an increase in total units sold in July, with 88 sold this month in Gainesville Real Estate versus 77 last month, an increase of 14%. This month's total units sold was higher than at this time last year, an increase of 4% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 36 units or 27%. The total number of active inventory this July was 95 compared to 131 in July 2018. This month's total of 95 is lower than the previous month's total supply of available inventory of 118, a decrease of 19%.

Median Sale Price
Last July, the median sale price for Gainesville Homes was $427,000. This July, the median sale price was $469,500, an increase of 10% or $42,500 compared to last year. The current median sold price is 4% lower than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
94
Current Contracts
89
Sold Vs. List Price
99.7%
Months of Supply
1.1
Up 8%
Vs. Year Ago
Up 31%
Vs. Year Ago
No Change
Vs. Year Ago
Down -30%
Vs. Year Ago

Months of Supply
In July, there was 1.1 months of supply available in Gainesville, compared to 1.5 in July 2018. That is a decrease of 30% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 94 homes newly listed for sale in Gainesville compared to 87 in July 2018, an increase of 8%. There were 89 current contracts pending sale this July compared to 68 a year ago. The number of current contracts is 31% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Gainesville was 99.7% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 17, an increase of 82%.

The Long & Foster Market Minute Gainesville are defined as properties listed in zip code/s 20155 and 20156.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.