This year’s fall slow down is in line with normal expectations. Unfortunately there are also higher inventory levels than normal and that is creating low absorption rates and has nudged average prices down. The silver lining for buyers is that that the average home they can afford is both newer and larger than what they could have bought a year ago.
With indications that prices are stabilizing more and more owners are putting their homes on the market. This influx has outpaced the absorption by buyers and brought up the inventory levels again. In the meantime buyers have an overwhelming amount of inventory to sift through when looking for a home. When they find a home to purchase it is usually both larger and/or newer than what they were able to afford a year ago.
The properties for sale on our list this week are larger than usual, averaging 2,855 square feet with 4 bedrooms and 3 baths. 9 of them are short sales. Most of them have a Gainesville address, but a few of the homes are in Alachua, High Springs, Micanopy, Melrose, and Newberry.
An overview of what the Gainesville / Alachua County Market is doing. An update on property sales for homes condos and land, sale prices, sales volume, marketing times, and more.