Ocala Real Estate Market Report July 2019

Market Report
CLOSED SALES 663
MEDIAN SOLD PRICE $177,900
AVERAGE SOLD PRICE $209,353
MEDIAN % ORIGINAL LIST PRICE 97. %
MEDIAN TIME TO CONTRACT 47 days
MEDIAN TIME TO SALE 97 days
NEW PENDING SALES 695
NEW LISTINGS 801
ACTIVE LISTINGS 2370
MONTHS SUPPLY OF INVENTORY 4.1 months

Sales were good especially for a July which is a slower month here in Ocala. We are in a sellers market. For example I am selling my pool home and moving to the Del Webb Stone Creek 55+ community. I put my pool home on the market and got 2 offers in only 6 days. The inspection revealed I needed to replace the leach field in my septic system. My buyer wanted me to foot the whole bill even though it was beyond our contracts repair limit. I refused and cancelled the contract and sold my house again the next day to the other buyer who had made a previous offer. That’s the kind of market we are in. Nice houses sell fast for close to list price.

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