OCALA REAL ESTATE MARKET REPORT

Homes Sold March 2007 ........422

$100,000.00 or less....................69

$101 to $200,000.00................222

$201 to $300,000.00..................82

$301 to $500,000.00..................41

$501,000.00 Plus..........................8

Homes listed on the Marion County MLS as of March 30, 2007 were 6,869

  We are still in a buyers market. Sales are off quite a bit from March of 2006 when 614 houses were sold. There is a glut of vacant new homes that were bought by investors who intended to flip them and are now caught with houses they can't sell. There were 1,948 vacant houses on the Ocala Marion County MLS as of March 30.

   Homes that are selling are well priced and in the mid to lower price range. Well priced homes are selling close to their asking price.

   I sold 1 of my listings and got contracts on 3 others in the month of March. Every one of these homes were priced at or near the lowest in their sub division. We had multiple showings every week. It just goes to show that a well priced home will sell in any market.

   This is a great time to buy. There are excellent deals out there. Interest rates are near historical lows. The median price for Ocala real estate is already the 2nd lowest in Florida so there is a tremendous potential for apreciation over the next several years.

   If you need market information on a specific Marion County sub division please don't hesitate to contact me.