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Ocala Florida Real Estate Statistics September 2008

By
Real Estate Agent with Re/Max Premier Realty

Ocala Florida Real Estate Statistics September 2008

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.

Info@ocalavisualtours.com  * www.OcalaVisualTours.com

800-243-4087  *  352-291-1276

Art & Brigitte Shultz - ReMax Premier Realty, Ocala FL

Ron Withers ----Retired Mortgage Professional
Kissimmee, FL

Art & Bridgette,

I haven't tracked our local market statisical data recently but I'm confident that it has probably deteriorated more so than yours. Best wishes for a happy and prosperous 2009.

Jan 14, 2009 01:48 AM