Ocala Florida Real Estate Market Report May 2020

Market Report
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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