|MEDIAN SOLD PRICE||$128,900|
|AVERAGE SOLD PRICE||$159,435|
|MEDIAN % ORIGINAL LIST PRICE||94.8%|
|MEDIAN TIME TO CONTRACT||55 days|
|MEDIAN TIME TO SALE||89 days|
|NEW PENDING SALES||773|
|MONTHS SUPPLY OF INVENTORY||5.8 months|
Sales volume for April was good and pretty much the same as March which is always a good month. There are a few things that changed from the previous month and I think they illustrate the direction our Ocala real estate market is going. Median time to contract or days on the market dropped from 72 to 55. Pending home sales or homes under contract went from 695 in march to 773 in April. Active listings dropped from 3283 to 2988. What does this mean ?Inventory is going down and homes are selling faster.