Home Sales in North Central Florida Rise Significantly Compared to Last Year
Published October 22nd, 2013
GAINESVILLE -- New numbers released Monday show a significant rise in the number of homes sold throughout North Central Florida compared to just one year ago.
According to data released by the Florida Realtors association, the Gainesville area saw a 34 percent increase in the number of homes sold in the month of September, compared to the same time last year.
That's the third-highest increase in the state, behind only Vero Beach and Ocala, which saw a 46 percent increase. Both are well above the 18 percent jump in home sales seen statewide.
While those are good numbers for anyone involved in real estate, economists say it's good news for everyone living in the area.
"It's especially good news for Gainesville because it suggests to me that there is optimism," said University of Florida economics professor David Denslow. "Housing is a long-term investment. And so what I think [these numbers] indicate is that you have the confidence that Gainesville is indeed a viable city, and continues to grow."
According to Denslow, economists for many of the world's biggest investment banks are predicting 2014 will be an even stronger year when it comes to overall growth and recovery here in the U.S.
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