Ocala Real Estate Market Report May 2018

Market Report
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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