Current Analysis Of Housing Market Trends In Ocala & Marion County

The central Florida city of Ocala, located in Marionrefers to approximately a 12-month supply of homes,
County, is a lovely locale that includes wonderful rollingwhich is causing the price reductions to continue,
green terrain, splendid public parks and well-kept naturehowever the reductions are starting to slow down by
reserves like Silver Springs and the Ocala Nationalthis time. With the housing market showing signs of
Forest.hitting the bottom, and the mortgage slump affecting all
The county also has a healthy sprinkling of horseaspects of this industry, market analysts are saying
farms, historic districts that feature city streetsthat now is the perfect time to purchase new homes,
canopied by 100-year-old trees, top-caliber golfas interest rates are currently at one of their lowest
courses, friendly and truly livable communities, cleanlevels.
and sparkling rivers and fresh-water springs as well.New Home Construction Statistics
The area's subtropical climate also makes this countyAccording to local property analysts, and county
a perfect year-round vacation destination.building officials, new construction starts are still slow at
An Area Rich In Wonderful Natural Resourcesthe moment, however, a number of property
It's a fact that many newcomers and tourists alikedevelopers and builders are indicating that they are
spend as much time as possible enjoying the outdoors,picking up the pace somehow.
and this area is a community blessed with a treasureHome builders are still offering great incentives to
trove of cultural and natural resources. The county'sbuyers, which could include paying your entire first
mild climate allows its residents and visitors to enjoy ayears HOA fees,taxes and insurance, closing costs,
wide range of outdoor activities all year round.and even offering free bonuses like large-screen TV
The county offers a wide variety of outdoor sportingsets, lawn mowers, & appliance upgrades and
activities, with numerous public and private golfmore, which makes it a perfect time to make a home
courses, tennis courts and recreation facilities that arepurchase decision. To add, new home builders have
closely located . Those who like basking in the greatalso drastically reduced pricing on inventory homes, to
outdoors will truly enjoy the presence of many lakes,make these inventories sell more quickly.
rivers, crystal clear springs and nature parks foundFigures On Home Resales
throughout the area. For those wishing to go further,Home resales figures in the Ocala and Marion County
and spend some time in the beaches, the Floridaarea, are continuing to see increased activity in home
coasts are just within 60 miles of the city's downtownresales, especially today hat prices have slid even
area.further. Many home sellers now seem to realize that
Current Home Inventory Levelsthe prices of 2005 are history, and if they will not be
For Ocala, and the whole of Marion County as well,aggressive in pricing their homes, they may truly be
the area's housing inventory levels are still high , whichwasting their time and investment.