Ocala Real Estate Market Report October 2016

Market Report
CLOSED SALES 500
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
NEW LISTINGS 816
ACTIVE LISTINGS 2645
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.

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