Gainesville, FL Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Federal Housing Finance Agency (FHFA) house price index for Gainesville, FL, shows that home prices have increased steadily over the past few years. In the fourth quarter of 2019, the index value was 184.6, up from 181.3 in the third quarter. This is an increase of 1.7%.

Looking at home prices in Gainesville from a longer-term perspective, we see that they have been on an upward trend since bottoming out in early 2012. Since then, prices have risen steadily, with only a few small dips along the way. The biggest factor driving this overall increase has been the strong demand for housing in the area, which has outpaced supply. This has caused prices to rise as buyers compete for available homes.

The FHFA index is just one measure of home prices, but it’s a good indicator of trends in the market. It’s important to remember that there can be wide variation in prices depending on the specific neighborhood or type of home you’re looking at. So while overall prices may be rising, it’s still possible to find deals if you know where to look.