December sales were up at 547 homes after a disappointing November. I think these fluctuations are just a result of when a contract is written and the number of days it takes to close. Looking at the current number of active listings and current sales we have 6.8 months of inventory which means we are no longer in a buyers market. Don’t be deceived by the 300 sales under $100K. You should assume that the vast majority of these homes will need some sort of work or renovation. As I’ve said before there has been very little new construction since the market crashed in 2007. A sellers market is inevitable. What you buy today should look pretty good in 5 years in my opinion.
https://www.ocalarealestatetalk.com/2016/wp-content/uploads/2015/12/header.jpg 0 0 Valerie Ostrom https://www.ocalarealestatetalk.com/2016/wp-content/uploads/2015/12/header.jpg Valerie Ostrom2015-01-23 16:44:472020-07-31 16:00:38Ocala Real Estate Market Report for December 2014