|MEDIAN SOLD PRICE||$130,000|
|AVERAGE SOLD PRICE||$153,568|
|MEDIAN % ORIGINAL LIST PRICE||95.5%|
|MEDIAN TIME TO CONTRACT||54 days|
|MEDIAN TIME TO SALE||100 days|
|NEW PENDING SALES||510|
|MONTHS SUPPLY OF INVENTORY||5.1 months|
There were 500 sales in October. That isn’t a huge number. It is more average for the past couple of years. This is what is important. The average sold price is going up. The percent of the original list price is 95.5%. The days until a contract is written is only 54 days. The months of inventory is down to 5.1. Our market has changed and we are heading towards a sellers market. As I’ve said before there has been very little new home building here since the crash in 07. It takes a couple of years to launch a new subdivision from the planning to infrastructure to building the first homes. Ocala will probably always have lower home prices than central and south Florida but our prices are going up. If you’d like to get listing for homes in our area please use my Ocala Dream Home Finder.