Ocala Real Estate Market Report June 2010

June was another good month for home sales in Marion County. There were 372 residential home sales in the Ocala area which is about what we have been seeing since March. Also, as we have been seeing for well over a year now, short sales and foreclosures represented 208 out of the total of 372 homes sold.

Here’s my advise to buyers. Interest rates, much to my surprise, have gone down even further. Rates are at a 50 year low with no where to go but up. There is a great selection of bargain priced homes. Buy now .

My advise to sellers is to price your house right. Testing the market is a waste of time, no one will look at your house. Speaking of a lack of showings, buyers are looking at your house every day, just not in person. Buyers look at homes online and then decide to view the best priced homes in person. Finally even if you do get an offer on your house it still has to pass a bank appraisal. Banks are using short sales and foreclosures as comparables for traditional sales. Well priced traditional sales are selling as evidenced by the 164 sales this month.

If you are interested in buying a home in the Ocala area call me, email me or use my Dream Home Finder in the right hand column of this blog.

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