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Gainesville real estate this year had a slow start, with an activity peak in late March followed by another activity peak in June and July.

Overall we have seen about a 25% drop off in homes listed for sale and homes actually selling. The percentage of listed homes for sale actually closing is about the same as it has been for the last few years.

Price History

Price History

We have seen about 1,000 homes sell so far this year in Alachua County.  (this is homes, not condos, vacant land, etc.)

The Stats

Take a look at how the median sale stacks up in price and size compared to prior years:

Year Sold Sell Price Year Built Size Market Time
2004 $ 161,000 1992 1,647 85 days
2005 $ 185,000 1993 1,659 78 days
2006 $ 213,758 1995 1,647 84 days
2007 $ 208,500 1995 1,621 105 days
2008 $ 195,200 1993 1,644 122 days
2009 $ 181,000 1993 1,650 119 days

As you can see, prices have come down from their peak, and many homes are selling in the same price ranges as we saw in 2005 prior to “the bubble”.