|MEDIAN SOLD PRICE||$159,000|
|AVERAGE SOLD PRICE||$204,508|
|MEDIAN % ORIGINAL LIST PRICE||96.2 %|
|MEDIAN TIME TO CONTRACT||45 days|
|MEDIAN TIME TO SALE||92 days|
|NEW PENDING SALES||686|
|MONTHS SUPPLY OF INVENTORY||4.6 months|
There were 709 sales in May. That is a huge number for our MLS. Closings were up 11% from May of last year. The average sold price was up 16.5% over this month last year. Fortunately the number of new listings are about the same as a year ago. We are in a full fledged sellers market. Price continue to go up seemingly every month. Well priced homes in move in condition are not staying on the market long. It’s still nothing crazy. I am not seeing a lot of multiple offers yet. There is still a pretty decent number of homes to choose from if you have a reasonable budget. Ocala still looks affordable compared to South Florida and most of the rest of the country.