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Home Sales Growth Steady But Pace Slowing

Home Sales Growth Steady But Pace Slowing

Gainesville area home sales rose 8 percent in November from November 2012, a relatively modest year-to-year growth compared to the growth over the past year.

November’s closings of single-family homes totaled 149, while closing in the previous November were 138. In contrast, 276 homes closed this June, a 50 percent increase from June 2012, according to Gainesville Multiple Listing Service data.

The median price – with half of the homes selling for more and half for less – rose 13 percent from the past November, to $180,700 from $160,100.

Real estate experts caution against drawing conclusions from comparisons of monthly median sales prices because variations in the sales of high-priced homes between months can skew median prices up or down.

Tommy McIntosh, president of Prudential Trend Realty, said that prices for comparable homes are growing steadily, but moderately. “We’re not seeing the same type of appreciation as other parts of the state,” he said.

See Also

Prudential Trend announced this week that it will become Berkshire Hathaway HomeServices Trend Realty on Jan. 30. This will provide the brokerage with an affiliation with Berkshire Hathaway Inc., led by CEO Warren Buffett.

 

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