Ocala Real Estate Market Report October 2009
| $100.00 to $100,000.00 | 199 |
| $100,001.00 to $200,000.00 | 118 |
| $200,001.00 to $300,000.00 | 13 |
| $300,001.00 to $500,000.00 | 5 |
| $500,000.00 plus | 2 |
| TOTAL SALES FOR THE MONTH | 337 |
| Farm properties all price ranges | 5 |
| TOTAL ACTIVE LISTINGS FOR MONTH | 5,553 |
** Only homes listed & sold in Marion County on the Ocala Marion county MLS. Does not include For Sale by Owner, Vacant land, Commercial properties, or homes by Builders not listed on the MLS. Numbers subject to change due to late
reports from Brokers
Sellers sales are still being driven by bargain hunters. As you can see most homes sell for less than $200,000 and the majority sell below $100,000. There were 31 short sales and 137 foreclosure sales in October. That accounts for 50% of all sold homes. The Ocala area has a 13.5% unemployment rate. It will be 10 years before the market returns to the prices we saw in 2005-07. Waiting for the market to recover is not an option.
Buyers prices aren’t going much lower. We are already rolled back to about 2004. Interest rates are at historical lows and given the federal deficit and the weak dollar interest rates have to go up soon. There is still a great selection but if you’re looking for one of those newer foreclosures there are a finite number and they will run out sooner or later.
Statistics used for this blog post are from the Ocala Marion County MLS and are deemed to be accurate at the time this blog was written but are not guaranteed. All information is time sensitive and subject to change without notice.
