Ocala Real Estate Market Report February 2018

Market Report
CLOSED SALES 505
MEDIAN SOLD PRICE $155,000
AVERAGE SOLD PRICE $200,110
MEDIAN % ORIGINAL LIST PRICE 95.4%
MEDIAN TIME TO CONTRACT 56 days
MEDIAN TIME TO SALE 104 days
NEW PENDING SALES 670
NEW LISTINGS 863
ACTIVE LISTINGS 2633
MONTHS SUPPLY OF INVENTORY 4.9 months

Sales were up in February over January as you would expect. Winter and Spring are our best sales seasons here in Ocala. The interesting thing about this month’s report is a huge jump in the Average Sold Price from last month’s $170,143- to $200,110 this month. If you look at past Market Reports you will see statistics fluctuate back and forth but you don’t see big jumps like that very often. We are in a sellers market. Nothing crazy like houses sell in a week or two. Nice homes in desirable communities do go fast and I have seen multiple offer situations. Compared to other parts of the country and South Florida Ocala still looks like a bargain. If you are planning a move buy now price have no where to go but up.

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