You are reading the January 2010 Real Estate Report for Alachua County & Gainesville. We take a look at activity and the strength of the real estate market each month and share what we see with you. 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.
Overview: January Real Estate Market
January was not a surprising month, when trends from prior years held true.
Click Here to download the Jan 2010 Real Estate Report for Gainesville & Alachua County.
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.
Homes that sold tend to average a little larger in January which results in a slightly lower price per square foot and reflects that buyers are actually getting some pretty good deals in January.
Since the list to sell ratio has remained pretty stable for the last few months, at 88% it doesn’t seem that sellers are taking lower offers but had priced their homes more aggressively.
With high absorption rates at 9 months in our busiest market segments it is a buyer’s market. Across the county there are 1,583 homes for sale and there were 1,642 sales in the last 12 months, giving us a 10 month supply of homes. There is a 16 month supply of condos for sale.
The trick for buyers is to understand the dynamics in the different market segments to know where the best deals are to be had.
The secret for sellers right now is to understand how these trends are affecting their area and to price their homes accordingly.
The full report has stats on active, pending, and sold real estate for January and the year to date, as well as information on price trends, days on the market, and inventory supplies by price bracket.
How to Read It
Click Here to download the January 2010 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 January of 2010, 2009, and 2008.
- At the top right of most pages you will find the details for the entire years of 2010, 2009, and 2008.
- Pages that are not set up that way each have specific information comparing activity in January to previous January, or graphs comparing the 2010 market activity going back up to five years.
Interested in Past Reports?
Based on information from the Gainesville-Alachua County Association of REALTORS or its Multiple Listing Service. 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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