Ocala Real Estate Market Report April 2016

Market Report
CLOSED SALES 541
MEDIAN SOLD PRICE $146,500
AVERAGE SOLD PRICE $161,717
MEDIAN % ORIGINAL LIST PRICE 95.1%
MEDIAN TIME TO CONTRACT 47 days
MEDIAN TIME TO SALE 94 days
NEW PENDING SALES 657
NEW LISTINGS 798
ACTIVE LISTINGS 2623
MONTHS SUPPLY OF INVENTORY 4.9 months

We are currently in a neutral market. That is defined by 5-6 months of inventory. As you can see with 4.9 months we are leaning towards the seller side. I was just in a competitive bidding situation this week. Other agents have complained that they don’t have as many listing as they used to. Prices are definitely going up.  There are still a lot of nice houses here and although prices have gone up Ocala is still cheap compared to other parts of the country.

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