Ocala Real Estate Market Report December 2016

Market Report
CLOSED SALES 557
MEDIAN SOLD PRICE $139,000
AVERAGE SOLD PRICE $161,609
MEDIAN % ORIGINAL LIST PRICE 95.5 %
MEDIAN TIME TO CONTRACT 48 days
MEDIAN TIME TO SALE 98 days
NEW PENDING SALES 470
NEW LISTINGS 645
ACTIVE LISTINGS 2744
MONTHS SUPPLY OF INVENTORY 5.2 months

As I have said before our market is changing. The buyers market and the days of sellers considering low ball offers is long gone. Comparing even December 2015 to December 2016 you can see the trend in sales. 3417 active listing 2015 and 2744 in 2016. The percent of list price to sale price 92.9 % vs 95.5%. I work mostly in 55+ communities. A few years ago there was a great selection of homes under $100K. It is getting hard to find 55+ home under $100K in decent condition. A 55+ home I sold in 2012 for $59K just sold in the fall for $85K. There are still some good deals out there in retirement homes. There is a nice selection of 2005+ very move in ready homes in the $160K to $250K range for example. I think this is the sweet spot in our 55+ market right now.

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