According to OMCAR (Ocala Marion County Board of Realtors) from the end of November of 2007 to November 30, 2008 the average sales price for residential homes fell from $176,901 to $122,019 for a decrease of 45%. The average list price fell from $190,108 to $131,207 or a decline of 44% for the same 12 months period.
The average price per square foot of living area for residential homes fell from $107 a year ago to $77 by the end of November 2008.The median sales price fell from $150,000 to $118,250 for a decline of 27%. Our MLS has 6992 active listings as of the December 16, 2008, which shows a small decrease in inventory. Inventory has been declining slightly since December 2007. 146 homes sold through the Ocala Marion County MLS in November, which is an absorption rate of 32 (which means a home would take 32 months to sell at the current rate of sales).
Buyers are in the driver seat and finding excellent values in Ocala/Marion County. Interest rates are at an all time low. For more detailed statistics or a free market analysis, please call or e-mail us.
Art & 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
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Thursday, December 18, 2008
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