Gainesville - January 2008 Trend Report

Residential Homes trended DOWN by 17.3% (January Year-to-Year)

Original Price: $464,594
Sales Price: $414,708 (89.3% of Original Price)
Average Days on Market: 101
Number of Homes Sold: 31

Currently Active Listings:
Average List Price: $486,568
Average Days on Market: 178
Total Listed: 358

It is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.

Gainesville - 2007 Market Trend Analysis

Residential Homes trended DOWN by 10.4% during 2007

Average Original List Price: $483,484
Average Sales Price: $449,521 (93.0% of Original Price)
Average Days on Market: 118
Average Homes Sold per Month: 42
Total Sold in 2007: 502

Currently Active Listings:
Average List Price: $476,627
Average Days on Market: 154
Total Listed: 389

As we enter the new year, it is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.