Ocala Real Estate Market Report July 2020

Market Report
CLOSED SALES 608
MEDIAN SOLD PRICE $181,500
AVERAGE SOLD PRICE $227,225
MEDIAN % ORIGINAL LIST PRICE 97.4%
MEDIAN TIME TO CONTRACT 49 days
MEDIAN TIME TO SALE 110 days
NEW PENDING SALES 746
NEW LISTINGS 669
ACTIVE LISTINGS 1313
MONTHS SUPPLY OF INVENTORY 2.3 months

July sales were surprisingly good despite the Covid 19 virus. Compared to July 2019 sales were down 11%. However and this is not a good thing, Active listings ere down 50% and new listing are down 27%. Inventory is too low. We are in a sellers market with homes selling close to list price.

0 replies

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *