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

Ocala real estate market report November 2016

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CLOSED SALES

CLOSED SALES 441
MEDIAN SOLD PRICE $138,000
AVERAGE SOLD PRICE $166,283
MEDIAN % ORIGINAL LIST PRICE 95.1%
MEDIAN TIME TO CONTRACT 48 days
MEDIAN TIME TO SALE 92 days
NEW PENDING SALES 456
NEW LISTINGS 733
ACTIVE LISTINGS 2691
MONTHS SUPPLY OF INVENTORY 5.1 months

Home sales were down quite a bit for November. Sales tend to fluctuate and I don’t think it is a big deal. The important thing to notice is that prices keep edging up and inventory keeps going down. I think 2017 will be the year that we move from a neutral market to possibly a sellers market later in the year.

Statistics used for this blog post are from the Ocala Marion County MLS and are deemed to be accurate at the time this blog was written but are not guaranteed. All information is time sensitive and subject to change without notice. Home sales are for Marion County only and do not include FSBO, homes sold by builders or by auction that were not  listed on the MLS, commercial properties or vacant land. Residential sales do include farms, mobile homes and condo’s.

Ocala Real Estate Market Report September 2016

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Market Report
CLOSED SALES 566
MEDIAN SOLD PRICE $140,000
AVERAGE SOLD PRICE $172,638
MEDIAN % ORIGINAL LIST PRICE 94.5%
MEDIAN TIME TO CONTRACT 59 days
MEDIAN TIME TO SALE 107 days
NEW PENDING SALES 584
NEW LISTINGS 759
ACTIVE LISTINGS 2694
MONTHS SUPPLY OF INVENTORY 5.2 months

The real estate market is changing here in Ocala. If you take a few minutes and look at past market reports you can see that prices are going up, the days on the market are going down and the inventory is going down. On the right hand side of this blog page you’ll see categories and Market reports.

Ocala Real Estate Market Report August 2016

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Market Report
CLOSED SALES 578
MEDIAN SOLD PRICE $135,000
AVERAGE SOLD PRICE $163,103
MEDIAN % ORIGINAL LIST PRICE 95.4%
MEDIAN TIME TO CONTRACT 54 days
MEDIAN TIME TO SALE 103 days
NEW PENDING SALES 652
NEW LISTINGS 909
ACTIVE LISTINGS 2762
MONTHS SUPPLY OF INVENTORY 5.3 months

If you go back and look at past market reports you can see a trend. The average and median sales prices are going up. The % of original list price is going up. Inventory and days on the market are going down. We are in a neutral market right now.

Ocala Real Estate Market Report July 2016

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Market Report
CLOSED SALES 520
MEDIAN SOLD PRICE $141,000
AVERAGE SOLD PRICE $172,585
MEDIAN % ORIGINAL LIST PRICE 95.3 %
MEDIAN TIME TO CONTRACT 59 days
MEDIAN TIME TO SALE 106 days
NEW PENDING SALES 610
NEW LISTINGS 762
ACTIVE LISTINGS 2773
MONTHS SUPPLY OF INVENTORY 5.4 months

Sales in July were down from June but that is to be expected. We don’t have a true off season like the dead of winter up north but things are slower in the summer here. You can see from past market reports that prices are slowly going up and inventory is going down.

Ocala Real Estate Market Report May 2016

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Market Report
CLOSED SALES 612
MEDIAN SOLD PRICE $130,000
AVERAGE SOLD PRICE $159,561
MEDIAN % ORIGINAL LIST PRICE 94.9 %
MEDIAN TIME TO CONTRACT 59 days
MEDIAN TIME TO SALE 95 days
NEW PENDING SALES 720
NEW LISTINGS 764
ACTIVE LISTINGS 2863
MONTHS SUPPLY OF INVENTORY 5.5 months

In May we sold 612 homes. I can’t remember the last time we sold so many homes. June 2015 was close with 606 closings. Looking back at past market reports you can see a trend with closings and prices going up and listings and days on the market going down. At the current rate of sales we are in a neutral market with 5 1/2 months of inventory. Another interesting statistic is that our median home price of $130,000- , although low compared to other states, was up almost 16% compared to June 2016. Another indication of where the market is going. As I have said numerous times in the past there has been very little new construction here since the market crash in 07 and I expect a sellers market as a result.

Ocala Real Estate Market Report April 2016

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Market Report
CLOSED SALES 539
MEDIAN SOLD PRICE $128,900
AVERAGE SOLD PRICE $159,435
MEDIAN % ORIGINAL LIST PRICE 94.8%
MEDIAN TIME TO CONTRACT 55 days
MEDIAN TIME TO SALE 89 days
NEW PENDING SALES 773
NEW LISTINGS 836
ACTIVE LISTINGS 2988
MONTHS SUPPLY OF INVENTORY 5.8 months

Sales volume for April was good and pretty much the same as March which is always a good month. There are a few things that changed from the previous month and I think they illustrate the direction our Ocala real estate market is going. Median time to contract or days on the market dropped from 72 to 55. Pending home sales or homes under contract went from 695 in march to 773 in April. Active listings dropped from 3283 to 2988. What does this mean ?Inventory is going down and homes are selling faster.

Ocala Real Estate Market Report March 2016

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Market Report
CLOSED SALES 542
MEDIAN SOLD PRICE $127,250
AVERAGE SOLD PRICE $166,244
MEDIAN % ORIGINAL LIST PRICE 94%
MEDIAN TIME TO CONTRACT 72 days
MEDIAN TIME TO SALE 117 days
NEW PENDING SALES 695
NEW LISTINGS 1025
ACTIVE LISTINGS 3283
MONTHS SUPPLY OF INVENTORY 6.3 months

I have changed the format of my market reports. Our MLS decided to change the vendor that supplies the software that runs our MLS search. The main difference is that I will no longer divide the sold homes into price ranges. I think there are new and interesting statistics here. The median time to contract shows how long it takes to get an offer accepted. The median time to sale minus the median time to contract shows how long it takes from the contract date to the closing. We now have new pending sales which are the homes that got under contract last month. We also have new listings which show how many new homes entered our market for sale over the past month. One statistic that needs explanation is % of original list price. That is the original list price and not the list price at the time the buyer made an offer. In some cases there could have been a price reduction made before attracting an offer.

Ocala Real Estate Market Report February 2016

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February was a good but not a great month volume wise for home sales here in Ocala. There are some interesting statistics that I got from the Ocala MLS though. The median home price is up 19% from this month last year. The median time to get a contract is down 23.8%. Inventory is down 9%. All of which prove what I’ve been saying for quite a while now, that the buyers market is over and we are now in a more balanced neutral market.

There are still great deal in Ocala compared to other parts of the country. My sister and I are selling our parents house in Billerica Mass. The difference in what you get for your money between Ocala and Billerica Mass is amazing ! Call me, email me or use my Dream Home Finder and I’ll email yo listings.

 

 

Ocala Real Estate Market Report January 2016

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Sales in January were down quite a bit from December. I don’t know why other than those are contracts written over the holidays. I still think the market is changing. I am having a great year so far with 4 sales already and 3 more pending. I’m also seeing some new construction. Builders are finally not only building but some have the confidence to build spec homes. I just closed on a brand new home by Triple Crown who I consider one of the areas top builders. I thought considering the upgrades it was a great home for the price. I’m also seeing new commercial projects sprouting up all over the place. The commercial builders are pretty sophisticated. They do all sorts of research before they commit their money into a project. The dark days of the real estate crash are finally over and I’m a happy camper !

 

Ocala Real Estate Market Report December 2015

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December sales were good considering many contracts were written during the holidays. Our busy season gets going in the winter and into the spring. The worse the weather is up north the better homes sales seem to be here in Ocala.

As I keep saying the market is changing. As someone who is out there showing other agents listings I see selection going down and prices going up. This is especially true of the lower priced homes. There was an overwhelming selection a couple of years ago and now it seems like I find a half dozen home to show in the 55+ communities where I spend most of my time.

There are still plenty of reasons to come to Ocala such as the weather. The slower pace of life compared to other parts of Florida. Not to mention that Ocala has never been hit by a hurricane.