Ocala Real Estate Market Report September 2018

Market Report
CLOSED SALES 528
MEDIAN SOLD PRICE $170,000
AVERAGE SOLD PRICE $206,627
MEDIAN % ORIGINAL LIST PRICE 96.2 %
MEDIAN TIME TO CONTRACT 46 days
MEDIAN TIME TO SALE 93 days
NEW PENDING SALES 584
NEW LISTINGS 777
ACTIVE LISTINGS 2607
MONTHS SUPPLY OF INVENTORY 4.6 months

Homes sales in the Ocala Marion County area are strong. We are in a sellers market. I personally am not seeing a lot of multiple offers but the average days to contract is only 46. I have read that in other parts of the country they expect sales to level off. I don’t expect that in Ocala. In 2008 when the real estate market crashed resales fell below the cost to build new and builders stopped building. Building didn’t really pick up until a few years ago. That left Ocala without additional inventory being added for years.

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