The Ocala real estate market report provides monthly sales statistics and commentary for buyers and sellers.

Ocala Real Estate Market Report September 2019

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Market Report
CLOSED SALES 558
MEDIAN SOLD PRICE $170,000
AVERAGE SOLD PRICE $201,976
MEDIAN % ORIGINAL LIST PRICE 96.6 %
MEDIAN TIME TO CONTRACT 39 days
MEDIAN TIME TO SALE 84 days
NEW PENDING SALES 614
NEW LISTINGS 667
ACTIVE LISTINGS 2275
MONTHS SUPPLY OF INVENTORY 3.9 months

September was a good month for home sales here in the Ocala and the Marion County area. As I say every month we are in a sellers market. Prices keep edging up. Nice homes in move in condition sell quickly. We are still not seeing a lot of multiple offer situations. There is a good selection of home available at least in the 55+ communities I mostly work in. Prices here in Ocala still look cheap compared to most of the country.

If you’re not looking forward to another winter call me, email me or use my Ocala Dream Home finder and I will find you a nice house and you have my guarantee that you will never have to shovel snow here in Ocala.

Ocala Real estate Market Report August 2019

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Market Report
CLOSED SALES 716
MEDIAN SOLD PRICE $171,400
AVERAGE SOLD PRICE $197,926
MEDIAN % ORIGINAL LIST PRICE 97.1 %
MEDIAN TIME TO CONTRACT 34 days
MEDIAN TIME TO SALE 83 days
NEW PENDING SALES 700
NEW LISTINGS 827
ACTIVE LISTINGS 2362
MONTHS SUPPLY OF INVENTORY 4.1 months

August sales are based on contracts signed in late June and July. The summer is typically our slow period in Ocala real estate sales but we had over 700 closings in August which is tremendous. We are in a sellers market and prices are going up. There is still a good selection of homes and prices here look great compared to other parts of the country.

Ocala Real Estate Market Report July 2019

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Market Report
CLOSED SALES 663
MEDIAN SOLD PRICE $177,900
AVERAGE SOLD PRICE $209,353
MEDIAN % ORIGINAL LIST PRICE 97. %
MEDIAN TIME TO CONTRACT 47 days
MEDIAN TIME TO SALE 97 days
NEW PENDING SALES 695
NEW LISTINGS 801
ACTIVE LISTINGS 2370
MONTHS SUPPLY OF INVENTORY 4.1 months

Sales were good especially for a July which is a slower month here in Ocala. We are in a sellers market. For example I am selling my pool home and moving to the Del Webb Stone Creek 55+ community. I put my pool home on the market and got 2 offers in only 6 days. The inspection revealed I needed to replace the leach field in my septic system. My buyer wanted me to foot the whole bill even though it was beyond our contracts repair limit. I refused and cancelled the contract and sold my house again the next day to the other buyer who had made a previous offer. That’s the kind of market we are in. Nice houses sell fast for close to list price.

Ocala Real Estate Market Report June 2019

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Market Report
CLOSED SALES 640
MEDIAN SOLD PRICE $179.900
AVERAGE SOLD PRICE $202,408
MEDIAN % ORIGINAL LIST PRICE 97.3 %
MEDIAN TIME TO CONTRACT 49 days
MEDIAN TIME TO SALE 93 days
NEW PENDING SALES 696
NEW LISTINGS 701
ACTIVE LISTINGS 2359
MONTHS SUPPLY OF INVENTORY 4.1 months

My market report is late this month because I’ve been so busy. Usually business slows down at the end of June and I have some welcome down time during the summer but not this year. Being mostly a buyers agent I an finding when I make appointments to show 10 homes 1 or 2 are under contract and just not put Pending yet. There is still a good selection of homes but not much at all in the low priced range.

Ocala Real Estate Market Report May 2019

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Market Report
CLOSED SALES 709
MEDIAN SOLD PRICE $172,000
AVERAGE SOLD PRICE $218,698
MEDIAN % ORIGINAL LIST PRICE 96.7 %
MEDIAN TIME TO CONTRACT 46 days
MEDIAN TIME TO SALE 95 days
NEW PENDING SALES 784
NEW LISTINGS 883
ACTIVE LISTINGS 2517
MONTHS SUPPLY OF INVENTORY 4.4 months

May is always a good month for home sales here in Ocala. It has a lot of contracts written in the spring which is prime time for home buyers in Ocala looking to escape the northern winters. Prices keep going up. This is a sellers market.

Ocala Real Estate Market Report April 2019

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Market Report
CLOSED SALES 624
MEDIAN SOLD PRICE $170,000
AVERAGE SOLD PRICE $197,824
MEDIAN % ORIGINAL LIST PRICE 96.2 %
MEDIAN TIME TO CONTRACT 44 days
MEDIAN TIME TO SALE 91 days
NEW PENDING SALES 750
NEW LISTINGS 769
ACTIVE LISTINGS 2517
MONTHS SUPPLY OF INVENTORY 4.5 months

It was a good month for homes sales in April. We are in what I think of as a soft sellers market. As you can see from the Median % of the Original Sales price of 96.2% homes are selling close to the list price but I am not seeing many multiple offers either. Sales in April 2019 were up in volume by 8.9% over April 2018. The average sold price was up 10.7% in the same period. Prices are up but homes in Ocala still look cheap compared to other parts of the country.

Ocala Real Estate Market Report March 2019

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Market Report
CLOSED SALES 600
MEDIAN SOLD PRICE $166,750
AVERAGE SOLD PRICE $212,428
MEDIAN % ORIGINAL LIST PRICE 96.5 %
MEDIAN TIME TO CONTRACT 50 days
MEDIAN TIME TO SALE 92 days
NEW PENDING SALES 725
NEW LISTINGS 794
ACTIVE LISTINGS 2566
MONTHS SUPPLY OF INVENTORY 4.6 months

It was a good month for home sales here in Ocala. Although March is one of our best months. The worse the weather is up north the better home sales are down here. As I say every month we are in a mild sellers market. You don’t see many multiple offer situations but nice homes are seller pretty close to list price.

Ocala Real Estate Market Report February 2019

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Market Report
CLOSED SALES 481
MEDIAN SOLD PRICE $166,500
AVERAGE SOLD PRICE $190,977
MEDIAN % ORIGINAL LIST PRICE 96.6 %
MEDIAN TIME TO CONTRACT 56 days
MEDIAN TIME TO SALE 102 days
NEW PENDING SALES 653
NEW LISTINGS 754
ACTIVE LISTINGS 2638
MONTHS SUPPLY OF INVENTORY 4.7 months

February sales were up from January as would be expected since January sales are from contracts written over the holidays. We don’t have a real selling season here in Ocala. We sell homes all year round unlike up north where not much happens during the winter. However we do sell more homes in the first 6 months of the year than the second. The worse the winter is up north the better sales are here in Ocala.

We are still in a sellers market. Well maintained homes with something unique about them sell quickly. Prices have gone up and will continue to rise in my opinion.

Ocala Real Estate Market Report January 2019

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Market Report
CLOSED SALES 401
MEDIAN SOLD PRICE $159,900
AVERAGE SOLD PRICE $185,322
MEDIAN % ORIGINAL LIST PRICE 95.5 %
MEDIAN TIME TO CONTRACT 53 days
MEDIAN TIME TO SALE 94 days
NEW PENDING SALES 625
NEW LISTINGS 867
ACTIVE LISTINGS 2619
MONTHS SUPPLY OF INVENTORY 4.7 months

January was slower than past months but that is a result of contracts being written during the previous 30-45 days which were the Holidays. As I keep saying we are in a sellers market. There is not enough inventory. We need more new construction.

Ocala Real Estate Market Report December 2018

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Market Report
CLOSED SALES 504
MEDIAN SOLD PRICE $165,000
AVERAGE SOLD PRICE $194,664
MEDIAN % ORIGINAL LIST PRICE 96.2 %
MEDIAN TIME TO CONTRACT 48 days
MEDIAN TIME TO SALE 92 days
NEW PENDING SALES 428
NEW LISTINGS 506
ACTIVE LISTINGS 2459
MONTHS SUPPLY OF INVENTORY 4.4 months

The Ocala MLS is in a sellers market. It isn’t crazy like every home gets multiple offers or sells above list price but homes in desirable communities, in move in condition that are priced well are selling fast and close to the listing price. In showing homes I keep encountering a situation where I call to make an appointment only to have the listing agent tell me they have an offer and they are just working out the details.