Everyone is watching the housing market with much interest these days. After a fantastic run up in values in 2004 and 2005, the market has temporarily run out of steam. We have gone from a strong seller’s market to a very strong buyer’s market. Our inventory of homes for sale has gone from 1,188 in June of 05 to 6,200 today.  A home’s average days on the market has almost doubled since a year ago. Art and I love statistics; what we find very interesting is that in spite of a huge inventory and houses taking longer to sell, our average price for residential homes from the last quarter of 2005 to the last quarter of 2006 has slightly increased from $187,302 to $191,221. While this is encouraging, it also could be somewhat misleading to the laymen. In actuality, prices have declined 5-7% from last year’s highs. The increase in the average price is due to an inordinate volume of new construction. Stay tuned for more on Marion County market trends and seller/buyer tips in following issues.

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Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
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Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com
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