On top of a budding downward trend in sellers reducing price, including eight markdowns over the last 30 days, sales in the Gainesville market fell to 10 over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Prices are falling in Gainesville, and this period the median price of all sales fell from $128,750 to $126,875. Along with the slip in sales, a relatively high 10 months of inventory indicates that Gainesville is a definite buyer's market.
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