Ocala Real Estate - Current Home Inventory And Resale Levels

The city of Ocala, along with the whole of MarionIn addition, new home builders have also drastically
County at present, has a very high housing inventoryreduced pricing on inventory homes, in order to lessen
level , which amounts to approximately a 12-monththe number of unsold home inventories these days.
supply of homes. This present scenario is one of theHome Resales Statistics For The City
major causes for the drastic price reductions in homeHome resales figures in the Ocala and Marion County
prices.have continued to see increased activity, particularly
There have been movements seen, however, whichtoday that prices have slid even further. Many home
indicate a slowdown in the reduction of home prices.sellers now seem to realize that the prices of 2005
With the housing market here showing directions ofare history, and if they will not be aggressive in pricing
hitting the bottom, and as the mortgage slump affectstheir homes, they may truly be wasting their time and
all aspects of the housing industry, real estate marketinvestment. Each year, thousands of new residents
observers are saying that now would be a good timeare attracted to this area , lured by the region's healthy
to purchase new homes, as interest rates are stilleconomy, excellent quality of life, diverse recreational
pegged at one of their lowest levels.activities, pristine environment, and the wide array of
Current Home Construction Figures For Ocalashopping opportunities.
Based on current data provided by local propertyThe number of residents coming to this city, and
market veterans and county building officials, newcounty, makes it among the three fastest growing
construction rates are still slow at present; however, aareas in the nation. The county's welcoming
number of property developers and builders areatmosphere makes transitions easy, and the wide
indicating that they will slowly pick up the pace and willarray and affordability of housing options ensures that
continue to build homes this year.the types of homes here will suit every home buyer's
Home builders here are still seen offering greatpreference, lifestyle and budgets.
incentives to buyers, which would include paying yourLocated 80 miles north of the Greater Orlando Metro
entire first years HOA fees, taxes and insurance,area, Ocala is considered by many to be a wonderful
closing costs, and some even offer buyers bonusesplace to live and call home. The county is famed for
such as home appliances, lawn mowers, appliancehaving lush rolling green fields, horse farms, wooded
upgrades and more. This move is indicative of beingforests, lakes, springs and rivers.
the perfect time to ponder on make a home purchase.