Ocala Real Estate Market Report September 2018
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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