Ocala Florida Real Estate Statistics July 2008

Monday, August 18, 2008

Ocala Florida Real Estate Statistics July 2008

According to OMCAR (Ocala Marion County Board of Realtors) from the end of July of 2007 to July 30, 2008 the average sales price for residential homes fell from $187,206 to $152,155 for a decrease of 23%.

The average list price fell from $197,945 to $163,491, or a decline of 21% for the same 12 months period.

The average price per square foot of living area for residential homes fell from $115 a year ago to $92 by the end of July 2008.

The median sales price fell from $164,400 to $138,000 for a decline of 19%.

Our MLS has 7184 (7158 June 21st, 2008) active listings as of the August 18th, 2008, which shows a small increase in inventory. 195 homes sold through the Ocala Marion County MLS in June, which is an absorption rate of 36.8 (which means a home would take 36.8 months to sell at the current rate of sales).

For more detailed statistics or a free market analysis, please call or e-mail us.
Brigitte@ocalavisualtours.com 352-875-3897 Brigitte's Cell
www.OcalaVisualTours.com

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