Ocala Real Estate Market Report June 09

Sales in June were 305 homes in Marion County. That’s a large increase over January at 142, February at 188, March at 220, April at 229 7 May at 259. This is a steady upward trend. Total listings also keep steadily going down which is great news.

We saw a huge increase in sales during June. This is all a result of lower prices. Buyers realize that prices are near bottom and interest rates are at historical lows with no where to go but up. Sellers realize that price is what sells a house in this market and that over priced homes just get over looked.

I don’t see prices going back up for a long time but the increase in sales combined with the decrease in listings is a very welcome sign.

Although I’m very optimistic about the increase is sales it should be noted that Foreclosures and Short sales accounted for 135 of the 319 sales in June. That’s 40%. Short sales being 37 sold and foreclosures a whopping 98 sales.

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