Ocala/Marion real estate: In June, median single-family home sale price was up 23.9%
Marion County’s median sale price for existing family homes continues to climb, with prices jumping by 23.9% in June when compared with the same month last year, according to the Ocala Marion County Association of Realtors.
The median price rose from $230,000 in June 2021 to $285,000 this year. The average price rose from $291,692 in June 2021 to $338,152 this year. Experts say the median sales price is the best gauge of home values.
Median is the middle sale price after all sales are ranked from highest to lowest. Average is when all sales are added together and divided by the number of sales. Average prices can be skewed when multi-million dollar home sales are in the mix.
The number of existing single-family homes sold in Marion decreased by 20.2% year over year, ticking down from 743 in June 2021 to 593 this year.
The overall total sales volume of existing single-family homes in Marion County was $200.5 million, down from $216.7 million in June 2021. That’s a decrease of 7.5% from June 2021.
Pending inventory decreased by 27.8%, from 1,252 in June 2021 to 904 this year. There was 1.8 months of available inventory in June, up from 1.1 months in June 2021.
The median time to contract a home from the time it hits the market was only 10 days in June, up from June 2021’s nine days. The median number of days to sell a home was 56 in June, down from 61 in June 2021.
The number of active listings was 1,166 at the end of June, up from 700 in June 2021. The number of new listings was 844 this June, up 19.5% from 706 last year.