Ocala Florida Real Estate Market Report May 2020
CLOSED SALES | 463 |
---|---|
MEDIAN SOLD PRICE | $174,900 |
AVERAGE SOLD PRICE | $202,326 |
MEDIAN % ORIGINAL LIST PRICE | 97.4 % |
MEDIAN TIME TO CONTRACT | 44 days |
MEDIAN TIME TO SALE | 98 days |
NEW PENDING SALES | 740 |
NEW LISTINGS | 658 |
ACTIVE LISTINGS | 1827 |
MONTHS SUPPLY OF INVENTORY | 3.1 months |
The May sales report is significant since it shows sales from mid March through early and mid April after things got shut down from the Corona Virus. Real estate in Florida is considered an essential business and we never stopped selling houses sales just dropped off. Sales were down quite a bit and inventory is low too. Prices seem stable.
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