According to OMCAR (Ocala Marion County Board of Realtors) from the end of May of 2008 to May 31, 2009 the average sales price for residential homes fell from $173,883 to $121,280 for a decrease of 30%.

The average list price fell from $187,525 to 131,541 or a decline of 29% for the same 12 months period.

The average price per square foot of living area for residential homes fell from $102 a year ago to $73 by the end of May 2009, for a decrease of 29%.

The median sales price fell from $143,550 to 109,700 fro the same 1 year period for a decline of 23%.

Our MLS has 5894 active residential listings as of the May 12th, 2009, which shows small decrease in inventory from a month ago. Inventory has been declining since December 2007. 218 homes sold through the Ocala Marion County MLS in May 09.

The average sales price has slightly decreased in the last month from $126,277 to $121,280, but the average median sales price has increased slightly from $107,450 to 109,700 from April to May 2009.

The Ocala/Marion County Real Estate Market is  still working hard on absorbing the many foreclosures and short sales. Sales volumes are up, but prices are approximately 30% down from a year ago. 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 levels.

Want to get in on the great opportunities this buyer’s market has to offer?  Check out our article on Tips For Buying Distressed Properties for great comprehensive information on what to look for when buying a foreclosed or short sale home.

Are you facing foreclosure and need to sell your home for a short sale (selling the property for less than what the current mortgage amount is)?  The Shultz Team are experienced Short Sale Specialists and are more than happy to assist you in selling your property under stressful circumstances. With an aggressive marketing plan, great communication and fully staffed office, we are ready to help save your home and credit from foreclosure.  Feel free to contact Art & Brigitte Shultz to discuss your situation and start a plan to save your credit TODAY – the clock is ticking and sooner we are able to assist you, the more likely we are to have a successful closing.

You can also review our last statistics update for Ocala Florida Real Estate for January 2008

For more detailed statistics or a free market analysis, please call or e-mail us.
Info@TheShultzTeam.com or call us direct at 352-291-1276.

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
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM! *

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.