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Ocala Real Estate: Current Home Inventory And Resale Levels
The city of Ocala, along with the whole of Marion County at present, has a very high housing inventory level , which amounts to approximately a 12-month supply of homes. This present scenario is one of the major causes for the drastic price reductions in home prices. There have been movements seen, however, which indicate a slowdown in the reduction of home prices. With the housing market here showing directions of hitting the bottom, and as the mortgage slump affects all aspects of the housing industry, real estate market observers are saying that now would be a good time to purchase new homes, as interest rates are still pegged at one of their lowest levels. Current Home Construction Figures For Ocala Based on current data provided by local property market veterans and county building officials, new construction rates are still slow at present; however, a number of property developers and builders are indicating that they will slowly pick up the pace and will continue to build homes this year. Home builders here are still seen offering great incentives to buyers, which would include paying your entire first years HOA fees, taxes and insurance, closing costs, and some even offer buyers bonuses ... more

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