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Ocala Real Estate Market Report for July 2007 |
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OCALA REAL ESTATE MARKET REPORT
JULY 2007 .................................302*
$100,000.00 or less..........................72
$100 to $200,000.00.......................137
$200 to $300,000.00.........................56
$300 to $500,000.00.........................25
$500,000.00 Plus..............................11
Active Listings as of 8/2/07……..7392*
Vacant Houses as of 8/2/07……..2182*
*This does not count homes sold by builders that may not be listed on the MLS.
** These numbers were revised due to late reports from my board of realtors.
July is traditionally a slow month for Ocala real estate sales. Sales were off from May and June which averaged about 350 homes sold per month. July sales were only 302, which is a 13% decrease. I think the current buyers market will continue well into 2008.
Homes are selling every day. It's just a question of which house sells first and which one sells last. A well priced home will sell in any market.
Now is the time to buy. Market timing doesn't work in the stock market and it doesn't work in real estate either. If interest rates go up while you are waiting for prices to go down your gain gets wiped out.
I provide honest, straight forward advise regarding Ocala real estate to home owners & investors. You can not make an informed investment decision without all the facts. Call or email me to see what it would take to get your home sold.
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