Ocala Real Estate Market Report September 2017

Market Report
CLOSED SALES 470
MEDIAN SOLD PRICE $157,750
AVERAGE SOLD PRICE $185,308
MEDIAN % ORIGINAL LIST PRICE 96.1 %
MEDIAN TIME TO CONTRACT 46 days
MEDIAN TIME TO SALE 93 days
NEW PENDING SALES 407
NEW LISTINGS 829
ACTIVE LISTINGS 2551
MONTHS SUPPLY OF INVENTORY 4.8 months

September was a slow month for sales compared to August with 600 sold. Hurricane Irma was in September but that would have no effect because contracts take 30 plus days to close in most cases. Any effect from Irma won’t be felt until next month. I don’t worry much about an off month. What is significant is pending homes sales are low maybe because of Irma and inventory keeps going down. I just wrote a blog post about multiple offers. We are in a borderline sellers market.

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