Ocala Real Estate Market Report August 2020

 

Market Report
CLOSED SALES 658
MEDIAN SOLD PRICE $186,000
AVERAGE SOLD PRICE $224,360
MEDIAN % ORIGINAL LIST PRICE 97.5%
MEDIAN TIME TO CONTRACT 39 days
MEDIAN TIME TO SALE 91 days
NEW PENDING SALES 752
NEW LISTINGS 742
ACTIVE LISTINGS 1392
MONTHS SUPPLY OF INVENTORY 2.4 months

You would think that with the Covid 19 and the lock down in northern states home sales would have come to a screeching halt. Just the opposite home sales are great. Inventory is low. We are in a sellers market but still nothing crazy like multiple offers on every other sale. I have found when making appointments to see hoses that if I try to make 10 appointments I’ll find one or two has an offer but the agent hasn’t had time to post it as pending yet. It’s not uncommon for a house to take 3 or 4 months to sell. If you’re looking to buy there is still a good selection of nice homes. Homes prices have gone up a lot in the past few years and there aren’t many low priced homes like there used to be here in Ocala.

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