Gainesville sees drop in volume, rise in prices of home sales

October 5, 2020

A team of Florida realtors recently announced their sales numbers for the month of August, and the overall signs are positive.

Despite the current COVID-19 pandemic, the housing market in the state of Florida has remained fairly sturdy. Though the recent numbers in Gainesville are a bit more mixed than elsewhere in the state, this pattern has mostly held true for the Alachua County seat.

In the month of August 2020, a total of 273 house sales were closed in the Gainesville Metropolitan Statistical Area. That represents a 9% decrease from August 2019.

But while the volume of house sales has noticeably dropped compared to the same time frame a year ago, the prices are going up. The median sale price of houses in Gainesville this past August was around a quarter of a million dollars. That's a 5.5% increase from August 2019.

This trend has also played out in nearby Marion County. The Ocala Metropolitan Statistical Area saw an 8.1% dropoff in the number of home sales closed in August of 2020 from August of 2019. But as was the case in Gainesville, the prices of those houses sold increased- in this case by 8.5%.

You can read the complete report, and statistics, in the report here.

Other blog entries

COVID-19, low wages threaten Gainesville Affordable Housing Market (10/28/2020)
Gainesville City Commission passes rental housing ordinance (09/24/2020)
Fears of potential gentrification may put East Gainesville development on hold (09/14/2020)
Hotel Eleo opens in Gainesville, right next to Shands (08/11/2020)

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