According to OMCAR (Ocala Marion County Board of Realtors) from the end of October of 2007 to October 31, 2008 the average sales price for residential homes fell from $213,059 to $146,151 for a decrease of 31%.
The average list price fell from $231,658 to $158,831 or a decline of 45% for the same 12 months period.
The average price per square foot of living area for residential homes fell from $123 a year ago to $87 by the end of October 2008.

The median sales price fell from $157,000 to $125,000 for a decline of 26%.
Our MLS has 7071 active listings as of the December 1, 2008, which shows a small decrease in inventory. Inventory has been declining slightly since December 2007. 157 homes sold through the Ocala Marion County MLS in October, which is an absorption rate of 30.1 (which means a home would take 30.1 months to sell at the current rate of sales).
Since our prices have fallen so much since our top at the end of 2005, we have noticed quite a bit of activity from buyers who cannot ignore the many good buys in the Ocala/Marion County Real Estate Market. With the many foreclosures and short sales, a buyer can find some excellent home and land values.
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
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