The Long & Foster Market Minute

Focus On: Gainesville Housing Market December 2022

Zip Code(s): 20155 and 20156
Units Sold
35
Active Inventory
39
Median Sale Price
$635,000
Days On Market
36
Down
Vs. Year Ago
Up 160%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in December, with 35 sold this month in Gainesville Real Estate. This month's total units sold was lower than at this time last year, a decrease from December 2021.

Active Inventory
Versus last year, the total number of homes available this month is higher by 24 units or 160%. The total number of active inventory this December was 39 compared to 15 in December 2021. This month's total of 39 is lower than the previous month's total supply of available inventory of 63, a decrease of 38%.

Median Sale Price
Last December, the median sale price for Gainesville Homes was $550,000. This December, the median sale price was $635,000, an increase of 15% or $85,000 compared to last year. The current median sold price is 1% lower than in November.

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


New Listings
28
Current Contracts
34
Sold Vs. List Price
99.0%
Months of Supply
1.1
Down -26%
Vs. Year Ago
Down -13%
Vs. Year Ago
Down -2.2%
Vs. Year Ago
Up 383%
Vs. Year Ago

Months of Supply
In December, there was 1.1 months of supply available in Gainesville, compared to 0.2 in December 2021. That is an increase of 390% 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 28 homes newly listed for sale in Gainesville compared to 38 in December 2021, a decrease of 26%. There were 34 current contracts pending sale this December compared to 39 a year ago. The number of current contracts is 13% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Gainesville was 99.0% of the average list price, which is 2.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 36, higher than the average last year, which was 10. This increase was impacted by the limited number of sales.

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.