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Ocala Real Estate Market Report – November 2021

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Market Report
CLOSED SALES 668
MEDIAN SOLD PRICE $250,000
AVERAGE SOLD PRICE $305,211
MEDIAN % ORIGINAL LIST PRICE 100 %
MEDIAN TIME TO CONTRACT 12 days
MEDIAN TIME TO SALE 60 days
NEW PENDING SALES 589
NEW LISTINGS 608
ACTIVE LISTINGS 871
MONTHS SUPPLY OF INVENTORY 1.3 months

Inventory is 1.3%, down 40.9% down from last year.  This is a serious Sellers Market.  Even though inventory is down and sales prices are up, Ocala is still an affordable place to live compared to the rest of Florida and the rest of the country.

Ocala Real Estate Market Report July 2021

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Market Report
CLOSED SALES 647
MEDIAN SOLD PRICE $234,900
AVERAGE SOLD PRICE $300,568
MEDIAN % ORIGINAL LIST PRICE 100 %
MEDIAN TIME TO CONTRACT 9 days
MEDIAN TIME TO SALE 62 days
NEW PENDING SALES 646
NEW LISTINGS 759
ACTIVE LISTINGS 825
MONTHS SUPPLY OF INVENTORY 1.3 months

Closed sales for July were down from the previous couple of months. Sales are typically lower in the summer here. Prices keep going up if you compare average and median sold prices to previous months. Active listing have gone up and that is good news but the months of inventory is still really low.

Ocala Real Estate Market Report June 2021

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Market Report
CLOSED SALES 855
MEDIAN SOLD PRICE $235,000
AVERAGE SOLD PRICE $298,774
MEDIAN % ORIGINAL LIST PRICE 100 %
MEDIAN TIME TO CONTRACT 8 days
MEDIAN TIME TO SALE 60 days
NEW PENDING SALES 740
NEW LISTINGS 817
ACTIVE LISTINGS 757
MONTHS SUPPLY OF INVENTORY 1.0 months

Homes are selling very fast often in less than a week and prices seem to be going up constantly. The average sale price is up 30% over June 2020 and the median sale price is up 43% over the same period. New home builders are adding an escalation clause to new builds allowing them to increase the sale price since homes are taking 7-9 months to finish. I don’t see this stopping any time soon. The only positive is that Ocala still seem cheap compared to other parts of the country and further south in Florida.

Ocala Florida real estate market report May 2021

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Market Report
CLOSED SALES 809
MEDIAN SOLD PRICE $225,000
AVERAGE SOLD PRICE $275,132
MEDIAN % ORIGINAL LIST PRICE 100 %
MEDIAN TIME TO CONTRACT 11 days
MEDIAN TIME TO SALE 57 days
NEW PENDING SALES 792
NEW LISTINGS 759
ACTIVE LISTINGS 711
MONTHS SUPPLY OF INVENTORY 1.0 months

I’m late on my sales report because the source, Florida Realtors keeps changing the numbers because of late reports from some brokers.

We are in a severe sellers market. Homes are selling in just a few days. A buyer asked me if all homes are selling for list price. I looked at the community he liked best Stone Creek going back 60 days. There were homes that sold for full list price. There were also some homes that sold for a few thousand less but also some that sold for over list price. I think that’s how we got that 100% of list price statistic in the chart above.

Ocala Florida real estate market report April 2021

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Market Report
CLOSED SALES 814
MEDIAN SOLD PRICE $215,000
AVERAGE SOLD PRICE $271,884
MEDIAN % ORIGINAL LIST PRICE 100 %
MEDIAN TIME TO CONTRACT 15 days
MEDIAN TIME TO SALE 65 days
NEW PENDING SALES 812
NEW LISTINGS 805
ACTIVE LISTINGS 686
MONTHS SUPPLY OF INVENTORY 1.2 months

April was a huge month for home sales here in Marion County and Ocala. I’m not sure if I can remember a month with so many sales. I admit I am surprised by that high a number. There are very few homes to sell on the MLS. I guess it’s because they are just selling so fast. Homes are selling in 15 days and for 100% of the list price. I assume the 100% is because some homes are selling above list price. You might think as A realtor I would be happy with such booming sales but I’m not. It’s very difficult working with out of state buyers when homes go on and off the market so quickly.

Ocala Florida Market Report March 2021

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Market Report
CLOSED SALES 628
MEDIAN SOLD PRICE $193,000
AVERAGE SOLD PRICE $253,716
MEDIAN % ORIGINAL LIST PRICE 98.5%
MEDIAN TIME TO CONTRACT 22 days
MEDIAN TIME TO SALE 78 days
NEW PENDING SALES 872
NEW LISTINGS 768
ACTIVE LISTINGS 962
MONTHS SUPPLY OF INVENTORY 1.5 months

We are in a serious sellers market here in Ocala. Prices keep going up and inventory is low. Homes in the lower price ranges are selling very fast. This is a competitive market if you are planning on buying you need a plan to compete with other buyers.

Ocala Real Estate Market Report February 2021

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Market Report
CLOSED SALES 513
MEDIAN SOLD PRICE $188,000
AVERAGE SOLD PRICE $259,920
MEDIAN % ORIGINAL LIST PRICE 98.2%
MEDIAN TIME TO CONTRACT 22 days
MEDIAN TIME TO SALE 79 days
NEW PENDING SALES 801
NEW LISTINGS 692
ACTIVE LISTINGS 884
MONTHS SUPPLY OF INVENTORY 1.6 months

We are in a serious sellers market here in Ocala. There is only 1.6 months of inventory. Active listings are own 55% from February 2020. Prices keep going up.

Ocala Real Estate Market Report January 2021

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Market Report
CLOSED SALES 482
MEDIAN SOLD PRICE $189,000
AVERAGE SOLD PRICE $255,044
MEDIAN % ORIGINAL LIST PRICE 98.3%
MEDIAN TIME TO CONTRACT 21 days
MEDIAN TIME TO SALE 88 days
NEW PENDING SALES 745
NEW LISTINGS 686
ACTIVE LISTINGS 1046
MONTHS SUPPLY OF INVENTORY 1.9 months

As expected sales are down from past months because closings in January result from contracts written over the holidays. Although we here in Ocala are in a serious sellers market our area is still much cheaper to buy and live than south Florida. There is a decent selection of homes as well.

Ocala Real Estate Market report December 2020

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Market Report
CLOSED SALES 765
MEDIAN SOLD PRICE $196,000
AVERAGE SOLD PRICE $248,158
MEDIAN % ORIGINAL LIST PRICE 98.6%
MEDIAN TIME TO CONTRACT 22 days
MEDIAN TIME TO SALE 77 days
NEW PENDING SALES 598
NEW LISTINGS 571
ACTIVE LISTINGS 1240
MONTHS SUPPLY OF INVENTORY 2.0 months

All I can say is that despite the Covid we had a better year in 2020 than in 2019.

Ocala Real Estate Market Report November 2020

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Market Report
CLOSED SALES 618
MEDIAN SOLD PRICE $195,000
AVERAGE SOLD PRICE $240,838
MEDIAN % ORIGINAL LIST PRICE 98.1 %
MEDIAN TIME TO CONTRACT 23 days
MEDIAN TIME TO SALE 72 days
NEW PENDING SALES 652
NEW LISTINGS 716
ACTIVE LISTINGS 1366
MONTHS SUPPLY OF INVENTORY 2.2 months

It’s still hard for me to believe that during the pandemic Ocala home sales are great. November closed sales were up 11.6% over 2019 and the median sold price was up 13.4% . Homes are selling fast and close to the list price. I personally had a better year in 2020 than I did in 2019.