According to OMCAR (Ocala Marion County Board of Realtors) from the end of January of 2008 to January 31, 2009 the average sales price for residential homes fell from $163,442 to $121,059 for a decrease of 25%.

The average list price fell from $176,176to $133,296 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 $103 a year ago to $73 by the end of January 2009, for a decrease of 29%.

The median sales price fell from $140,000 to $110,000 for a decline of 21%.

Our MLS has 6431 active residential listings as of the March 4th, 2009, which shows another small decrease in inventory. Inventory has been declining since December 2007. 147 homes sold through the Ocala Marion County MLS in January 09, which is an absorption rate of 40.4 (which means a home would take 40.4 months to sell at the current rate of sales).

The Ocala/Marion County Real Estate Market is working hard on absorbing the many foreclosures and short sales. Sales volumes are up and prices are approx. 25% down. With interest rates still at an all time low and the recent approval of the $8000 tax credit we expect to see inventory continue to move at these lower levels.

For more detailed statistics or a free market analysis, please call or e-mail us.

Email Direct:  Brigitte@ocalavisualtours.com or call direct 352-875-3897 Brigitte’s Cell

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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