Archive for May, 2011
|$10,000 to $100,000||253|
|$100,001 to $200,000||100|
|$200,001 to $300,000||17|
|$300,001 to $500,000||7|
|Total residential sales||378|
Home sales were down from last month but that’s not surprising. March was the biggest month for sales since the market crashed. April is actually a great month in my opinion.
The big news is that inventory seems to be on a steady decline. As of today there are 4178 homes for sales on the Ocala Marion County MLS. That’s a huge decline from the dark days of 07-08 when there were over 7,000 active listings.
If you are waiting for the market to bottom out then this is it. A combination of brisk sales and a sharp decline in inventory are signs of the bottom.
I don’t think prices will go up in the short term. However I do think that there is a huge back log of out of state buyers. When these out of area buyers eventually sell their existing homes, competition may start to drive prices higher. After all the Ocala area has the lowest median home prices in Florida so there is no where to go but up.
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 or by auction that were not listed on the MLS, commercial properties or vacant land.
Today is Kentucky Derby day. Of the 19 horses running in today’s race 15 have ties to Ocala. Some were bred here, others were trained here and a couple are locally owned. It’s not just the great winter weather that attracts some of the world’s best horse trainers and breeders. It’s the grass. Limestone soil adds minerals that grow strong bones and great race horses. And that’s why Ocala Florida is the horse capitol of the world.
Link to a very nice Kentucky Derby article in the Ocala Star Banner.
It has been an unusually warm spring here in Ocala, with many days in April approaching 90 degrees. Normally temperature in April should be in the low 80′s. It’s been dry as is to be expected in the winter and spring months here. The humidity won’t return until the end of May which is also the start of our wet season.
May temperatures are normally in the high 80′s and night time temperatures drop to the mid to high 60′s. By the end of the month it will get humid and stay humid until mid October. Afternoon thunderstorms should get going by the end of May too.
It’s always a sunny day here in Ocala. Even when you get rain it’s only for a few hours and the sun comes back out. If you’re sick of winter followed by cold raw rainy spring weather then move to Ocala. The hot and humid summers are a small price to pay for no winters.