You are reading the November 2009 monthly real estate report for Gainesville & Alachua County. We take a look at activity and the strength of the real estate market. The report comes from information that local REALTORS® update in the local multiple listing service and won’t include every single transaction in the County.
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The full report has stats on active, pending, and sold real estate for October and the year to date, as well as information on price trends, days on the market, and inventory supplies by price bracket.
November saw a lot of contracts closing, and a steady stream of activity for future sales (like new contracts and new listings). There was a 2% increase in residential sale prices and we have seen an overall stabilization there for several months now.
The average residential price for 2009 is 10% below 2008 at $191,684. Comparing Nov 09 to Nov 08 we saw only a 4% drop in prices. The number of Sales is up by 40 units compared to Nov 08 and we are maintaining October’s levels.
Many buyers took pains to close on their home purchases in November to take advantage of the First Time Homebuyer Tax Credit. The credit has now been extended through April so I expect to see a similar rush in the spring.
With 12 months of inventory available for single family homes, 22 months for Condos, and over 78 for land we are still very much in a buyer’s market in Alachua County.
How to Read It
Click Here to download the November 2009 Real Estate Report for Gainesville & Alachua County.
(Adobe PDF file)
- The header of each page tells you what information is being reported on that page.
- At the top left of most pages you will find details for October of 2009, 2008, and 2007.
- At the top right of most pages you will find the details for January through October of 2009, 2008, and 2007.
- Pages that are not set up that way each have specific information comparing activity in October to previous Octobers, or graphs showing the year to date market activity going back up to five years.
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Based on information from the Gainesville-Alachua County Association of REALTORS or its Multiple Listing Service for the period 10/11/09 – 10/17/09. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.
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