August-2024 Home Sales Trends in Alachua County, Florida

County-Wide General Metrics

Alachua County

As a real estate professional, it is crucial to understand the correlations between key metrics to provide valuable insights to both buyers and sellers in the market.

The Months Supply of Inventory is a measure of how long it would take for all current listings to sell at the current pace of sales. With a 3.63 months supply, this indicates a relatively balanced market where neither buyers nor sellers have a significant advantage.

The 12-Month Change in Months of Inventory of +88.08% shows a significant increase in inventory over the past year. This could suggest a shift towards a more buyer-friendly market, providing more options for buyers and potentially leading to less competition and lower prices for sellers.

The Median Days Homes are On the Market at 33 days indicates a relatively fast-moving market where homes are selling quickly. This could be a result of high demand and limited inventory, leading to competition among buyers and potentially higher prices for sellers.

The List to Sold Price Percentage of 97.5% indicates that on average, homes are selling very close to their list price. This suggests that sellers are pricing their homes effectively and buyers are willing to pay close to asking price in the current market conditions.

Finally, the Median Sold Price of $350,000 provides a snapshot of the current market value of homes in the area. This can be useful for both buyers and sellers in understanding the pricing trends and making informed decisions.

866-RE-KINGZ

Overall, these metrics paint a picture of a dynamic real estate market with balanced inventory levels, fast-moving homes, and strong pricing. Buyers and sellers can use this information to navigate the market effectively and make informed decisions.

Looking to buy or sell a Home in Florida? Call Brian to help!

Want to dig a bit deeper into Real Estate Market trends


Subscribe to receive zip-code researched Real Estate Market Trends every month! Stay informed!

Relationships

By

Brian Rice

Brian is the owner and managing Broker at Real Estate Kingz LLC, a Florida licensed Real Estate Brokerage. You can contact Brian at 866-735-4649 (866-Re-Kingz) or visit BrianRiceRealtor.com

866-RE-KINGZ
Please follow and like us:
Scroll to Top