New Downward Trend in Price Cuts for Gainesville Real Estate Market

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.

You can be the one to discover a gem in Gainesville by checking out these new listings:

$101K   $128K   $155K  

Get started right now by checking out Gainesville homes for sale or reviewing Gainesville real estate trends.

Demographic facts about Gainesville:

  • The average elevation in this area is 762 feet.
  • The median income is $38,303 per household.
  • The student per counselor ratio in this area is 347:1. (513:1 = national average)

Data reported through 10/12/2016

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