Ocala Real Estate Market Report May 2018
CLOSED SALES | 709 |
---|---|
MEDIAN SOLD PRICE | $159,000 |
AVERAGE SOLD PRICE | $204,508 |
MEDIAN % ORIGINAL LIST PRICE | 96.2 % |
MEDIAN TIME TO CONTRACT | 45 days |
MEDIAN TIME TO SALE | 92 days |
NEW PENDING SALES | 686 |
NEW LISTINGS | 949 |
ACTIVE LISTINGS | 2538 |
MONTHS SUPPLY OF INVENTORY | 4.6 months |
There were 709 sales in May. That is a huge number for our MLS. Closings were up 11% from May of last year. The average sold price was up 16.5% over this month last year. Fortunately the number of new listings are about the same as a year ago. We are in a full fledged sellers market. Price continue to go up seemingly every month. Well priced homes in move in condition are not staying on the market long. It’s still nothing crazy. I am not seeing a lot of multiple offers yet. There is still a pretty decent number of homes to choose from if you have a reasonable budget. Ocala still looks affordable compared to South Florida and most of the rest of the country.
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