Ocala Real Estate Market Report August 2020
CLOSED SALES | 658 |
---|---|
MEDIAN SOLD PRICE | $186,000 |
AVERAGE SOLD PRICE | $224,360 |
MEDIAN % ORIGINAL LIST PRICE | 97.5% |
MEDIAN TIME TO CONTRACT | 39 days |
MEDIAN TIME TO SALE | 91 days |
NEW PENDING SALES | 752 |
NEW LISTINGS | 742 |
ACTIVE LISTINGS | 1392 |
MONTHS SUPPLY OF INVENTORY | 2.4 months |
You would think that with the Covid 19 and the lock down in northern states home sales would have come to a screeching halt. Just the opposite home sales are great. Inventory is low. We are in a sellers market but still nothing crazy like multiple offers on every other sale. I have found when making appointments to see hoses that if I try to make 10 appointments I’ll find one or two has an offer but the agent hasn’t had time to post it as pending yet. It’s not uncommon for a house to take 3 or 4 months to sell. If you’re looking to buy there is still a good selection of nice homes. Homes prices have gone up a lot in the past few years and there aren’t many low priced homes like there used to be here in Ocala.
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