Ocala Real Estate Talk

CLOSED SALES

December 2019 sales were 23% higher than December 2018. The median sold price was up 11%. Active listings were down 11.7% over December 2018. We are in a sellers market. Prices keep going up and nice move in ready homes sell for close to asking price. There is still a good selection of homes although that is not so true about cheap under $1ooK homes. Compared to other parts of the country and even other parts of Florida Ocala is still very affordable.

August sales are based on contracts signed in late June and July. The summer is typically our slow period in Ocala real estate sales but we had over 700 closings in August which is tremendous. We are in a sellers market and prices are going up. There is still a good selection of homes and prices here look great compared to other parts of the country.

It was a good month for homes sales in April. We are in what I think of as a soft sellers market. As you can see from the Median % of the Original Sales price of 96.2% homes are selling close to the list price but I am not seeing many multiple offers either. Sales in April 2019 were up in volume by 8.9% over April 2018. The average sold price was up 10.7% in the same period. Prices are up but homes in Ocala still look cheap compared to other parts of the country.

February sales were up from January as would be expected since January sales are from contracts written over the holidays. We don’t have a real selling season here in Ocala. We sell homes all year round unlike up north where not much happens during the winter. However we do sell more homes in the first 6 months of the year than the second. The worse the winter is up north the better sales are here in Ocala.

We are still in a sellers market. Well maintained homes with something unique about them sell quickly. Prices have gone up and will continue to rise in my opinion.