April 2013 home sales here in Marion County were the best since I started doing my market reports back in January 2009. April is typically a good month for us here in Ocala. It’s the last month where you see sales from “snowbird season”. Active listing have gone down a little from past months. I’m surprised that there were 92 foreclosure sales. Short sales as always are few and very hard to close. I think April sales are more evidence that the market is recovering.
At this point I wonder when prices will begin to go up. I guess you could say when inventory gets below 6 months. Using April sales at 489 and multiplying times 6 that gets 2934 active listings. If you are a buyer you would want to make your move before that time. If you are a seller I think you might have to wait until 2014.
I’ve sold a couple of 55+ homes recently to buyers who aren’t ready to retire for a couple of years yet. Buy now and sell your primary residence in a couple of years when prices go up. That’s a pretty good strategy if you can afford to do it.
Call me, email me or use my Ocala Dream Home Finder. Prices are still low and there is still a good selection of homes available.