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OCALA/MARION COUNTY MARKET UPDATE SEPTEMBTER 2010
According to OMCAR (Ocala Marion County Board of Realtors) from the end of August of 2009 to September  30th, 2010 the average sales price for residential homes fell from $119,921 to $91,722 for a decrease of 24%.  The average list price fell from $128,521 to 97,415  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 $71 a year ago to $57 by the end of September, 2010, for a decrease of 20%.  The median sales price fell from $103,500 to 76,700 for the same 1 year period for a decline of 26%.
Our MLS has 5354 active residential listings as of September 30th, 2010, which shows that inventory is down since the end of  August, 2010. This is mostly due to several Banks putting a temporary hold on Foreclosures.  244 residential homes sold through the Ocala Marion County MLS in September, 2010, this is a slight decrease of  6% from a year ago. The absorption rate (how many months it would take to sell the inventory at present market levels) fell from 17.7 months a year ago to 17.1 months in September of 2010.
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