According to OMCAR (Ocala Marion County Board of Realtors) from the end of September of 2007 to September 30, 2008 the average sales price for residential homes fell from $189,551 to $149,949 for a decrease of 26%.
The average list price fell from $200,038 to $161,109, or a decline of 24% for the same 12 months period.
The average price per square foot of living area for residential homes fell from $113 a year ago to $90 by the end of September 2008.
The median sales price fell from $164,500 to $135,000 for a decline of 22%.
Our MLS has 7214 active listings as of the October 23, 2008, which shows a small increase in inventory. Inventory has been very steady since December 2007. 217 homes sold through the Ocala Marion County MLS in September, which is an absorption rate of 33.2 (which means a home would take 33.2 months to sell at the current rate of sales).
For more detailed statistics or a free market analysis, please call or e-mail us, we are more than happy to be of service to you.
Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM! *
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