News that effects the Ocala Marion County area real estate market

Ocala Real Estate Market Report March 2020

/in , ,
Market Report
CLOSED SALES 688
MEDIAN SOLD PRICE $181,500
AVERAGE SOLD PRICE $231,511
MEDIAN % ORIGINAL LIST PRICE 97.4%
MEDIAN TIME TO CONTRACT 55 days
MEDIAN TIME TO SALE 106 days
NEW PENDING SALES 627
NEW LISTINGS 697
ACTIVE LISTINGS 2055
MONTHS SUPPLY OF INVENTORY 3.3 months

Homes sales in our Ocala MLS were great in March. That’s because all those contracts were written before the Covid 19 virus started shutting things down mid month. Every day I look at the MLS and every day there are Pending listings. Those are contracts that were negotiated in the previous couple of days. The number per day varies but around 20 a day might be average. Much to my surprise people are still buying houses here.

Ocala Florida weather report for April 2020

/in ,

It’s been a warmer and dryer than usual spring. I’ve had to turn on my AC more than past years. It’s also been really dry with almost no rain until the end of April. April here in Ocala is a great month. Temperatures in the 80’s with little or no humidity and sunny almost every day. It’s almost May. May is a transition month from dry weather to humid weather starting near the end of the month. The humidity is a small price to pay for no snow or ice.

Ocala Real Estate Market Report February 2020

/in , ,
Market Report
CLOSED SALES 541
MEDIAN SOLD PRICE $172,500
AVERAGE SOLD PRICE $198,688
MEDIAN % ORIGINAL LIST PRICE 96.4 %
MEDIAN TIME TO CONTRACT 55 days
MEDIAN TIME TO SALE 110 days
NEW PENDING SALES 711
NEW LISTINGS 682
ACTIVE LISTINGS 1981
MONTHS SUPPLY OF INVENTORY 3.2 months

This report is for February. Statistics come from the board of Realtors and are always about a month behind. It will take some time to see the impact of the Corona virus. I look at new listings and pending listings every day but have not seen anything drastic yet.

Ocala Florida Weather Report March 2020

/in ,

March is the beginning of Spring in Ocala. Actually by some northerners standards it’s like their summer. Days in the 80’s and nights in the 60’s. This is the dry season and we can go for a week or more with no rain at all. There is no humidity either in March. March is one of our best months.

Ocala Real Estate market Report January 2020

/in , ,
Market Report
CLOSED SALES 504
MEDIAN SOLD PRICE $175,000
AVERAGE SOLD PRICE $207,722
MEDIAN % ORIGINAL LIST PRICE 96.2 %
MEDIAN TIME TO CONTRACT 55 days
MEDIAN TIME TO SALE 102 days
NEW PENDING SALES 719
NEW LISTINGS 902
ACTIVE LISTINGS 2279
MONTHS SUPPLY OF INVENTORY 3.7 months

We are in a sellers market. For a balanced market you have to have 5.5 months of inventory. We now have only 3.7 months down from 5.0 in January 2019. Since January 2019 the median home price has gone from $159,000 to $175,000 a 9.4% increase. We are not seeing a lot of multiple offers but it’s getting common to make appointments to see 10 houses and to find 2 have offers but the agent hasn’t had time to mark them pending on the MLS yet. There is still a pretty good selection of homes for sale in the 55+ communities I work in.

Ocala Real Estate Market Report December 2019

/in , ,

CLOSED SALES

Market Report
CLOSED SALES 628
MEDIAN SOLD PRICE $183,389
AVERAGE SOLD PRICE $219,745
MEDIAN % ORIGINAL LIST PRICE 96.7%
MEDIAN TIME TO CONTRACT 55 days
MEDIAN TIME TO SALE 99 days
NEW PENDING SALES 571
NEW LISTINGS 663
ACTIVE LISTINGS 2433
MONTHS SUPPLY OF INVENTORY 4.0 months

December 2019 sales were 23% higher than December 2018. The median sold price was up 11%. Active listings were down 11.7% over December 2018. We are in a sellers market. Prices keep going up and nice move in ready homes sell for close to asking price. There is still a good selection of homes although that is not so true about cheap under $1ooK homes. Compared to other parts of the country and even other parts of Florida Ocala is still very affordable.

 

 

Ocala Florida weather report January 2020

/in ,

Christmas was exceptionally warm here in Ocala with temperature in the high 70’s and low 80’s.

January is our winter month. February is winter too but it starts to warm up by the end of the month and March is spring. Winter is a series of cold fronts. The temperature will be in the 70’s then a cold front will come through and the day time temps will drop to the 60’s or even high 50’s for a couple of days. Then we arm back up until the next cold front. We can get a frost or two and every few years a freeze. The winter is the dry season with little rain and no humidity.

If you don’t love the winter like I do then move to Ocala ! The hot humid summers are a small price to pay for no snow and ice.

Ocala Florida weather report December 2019

/in , ,

The weather in November was unseasonably cool with little precipitation. December is a dry month with temperatures in the 70’s. The winter in Ocala is a series of cold fronts. Days in the 70’s followed by a cold front which drops the day time temps to the 60’s or even high 50’s for a few days. Then back in the 70’s until the next front comes rolling through.

Ocala Florida weather report November 2019

/in ,

October was a really warm month. Many days being 10 degrees above normal and the humidity persisted on and off until the end of the month. That’s too bad because I look forward to the cooler drier weather of our fall.

November is supposed to be in the high 70’s with no humidity. Let’s hope that’s the case this year. I like those months where I’m not paying the AC bill or needing heat.

Ocala Real Estate Market Report September 2019

/in , ,
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.