Ocala Real Estate market Report January 2020

Market Report
CLOSED SALES 504
MEDIAN SOLD PRICE $175,000
AVERAGE SOLD PRICE $207,722
MEDIAN % ORIGINAL LIST PRICE 96.2 %
MEDIAN TIME TO CONTRACT 55 days
MEDIAN TIME TO SALE 102 days
NEW PENDING SALES 719
NEW LISTINGS 902
ACTIVE LISTINGS 2279
MONTHS SUPPLY OF INVENTORY 3.7 months

We are in a sellers market. For a balanced market you have to have 5.5 months of inventory. We now have only 3.7 months down from 5.0 in January 2019. Since January 2019 the median home price has gone from $159,000 to $175,000 a 9.4% increase. We are not seeing a lot of multiple offers but it’s getting common to make appointments to see 10 houses and to find 2 have offers but the agent hasn’t had time to mark them pending on the MLS yet. There is still a pretty good selection of homes for sale in the 55+ communities I work in.

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