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Ocala Florida Real Estate Market - Is It A Buyer's Market?



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By : Tim Papa    99 or more times read
Ocala, Florida real estate is located in North Central Florida. It comfortably nestled between Orlando to the South and Gainesville, home of “the Gators” to the North.

This tourist destination abounds with scenic rolling hills, lush cattle pastures. Beautiful horse farms and luxury estates spot its expansive country landscape. It is home to horse enthusiasts from all over the world but folks from all walks of life have fallen in love with Ocala’s charm and made it their home.

When it comes to real estate there is a wide array of choices. Ocala and Marion County has many golf course and senior communities. There are hundreds of safe and comfortable middle-class American subdivisions too. And of course there are plenty of horse farms and estates to suit your liking.

Recent homes sales data shows that the market is one of a kind for buyers. It’s a truly great time to buy a home or property in Ocala! Ocala Foreclosures, short sales and other distress deals abound.

Another factor in favor of buyers are the current low interest rates in America. Mortgage payments are now more affordable than ever. Median home price are some of the lowest, if not the lowest, in the entire state.

So Is Ocala Real Estate A Buyer's Market? Lets allow the numbers to tell us what’s really going on. Multiple Listing data from OMCAR indicate Ocala homes for sale numbers show 5454 sold in the previous 12 months starting May 1, 2010.

This equates to over 100 percent more homes being sold than in fiscal 2008-2009. Listing inventory in recent months has fallen as homes were gobbled up at a fast pace - an average of 454 houses sold per month.

The reason for current buyer’s market conditions is that home values have dropped dramatically in recent years and it cost considerably less money to buy an existing home then to build it new from the slab up. Many of the property sales are remnants of the investor driven market in recent years.

The homes built during that time were speculative in nature. These same houses with average 1800-2000 square footage are now selling for less than $100k. The result is that cash investors, first time home buyers and other deal seekers are in the market in full force.

If you are looking for more information on Ocala Florida Real Estate make sure to contact a competent local Realtor. They will be able to provide you with details about area subdivisions, shopping, schools and parks. Make sure you do not miss out on a great deal. Ask the broker you work with to give you priority access to the latest homes for sale in Ocala Florida.


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