Ocala real estate market report December 09
| $100.00 to $100,000.00 | 216 | |
| $100,001.00 to $200,000.00 | 124 | |
| $200,001.00 to $300,000.00 | 21 | |
| $300,001.00 to $500,000.00 | 8 | |
| $500,000.00 plus | 5 | |
|
374 | |
| Farm properties all price ranges | 15 | |
| Foreclosures | 156 | |
| Short Sales | 40 | |
| TOTAL ACTIVE LISTINGS FOR MONTH | 5,534 |
Sales in December were 374 homes here in Marion County. If you remember my November report I thought sales were oddly low that month with only 266 sales. Apparently it was just a statistical fluctuation. Probably just a result of the time that offers were accepted or the time required to close the transactions.
Just as in previous months, the vast majority of sales are below $200,000- and over half are below $100,000.00. Once again foreclosures and to a lesser extent short sales account for over 50% of all sales.
The total number of listings seem to be pretty constant at around 5,500. As I’ve said many times, our market won’t recover until the number of active listings goes down. If you take 5534 active listings and divide it by the sales in December you get 14.8 months of inventory.
In general 2009 was a huge improvement over the past 2 years. Prices are down but volume is way up. There were 3224 sales of residential homes in Marion County in 2009 as compared to 2008 with 2453 and 2007 at 3169.
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. Home sales are for Marion County only and do not include FSBO, homes sold by builders not listed on the MLS, commercial properties or vacant land.
Ocala, FL