This year, the national housing market is trending toward stabilization, and the local real estate market trends in the Ocala area are no exception. Low mortgage rates, steady job growth and a surge in housing supply are driving the market forward in 2016. The number of first-time buyers has jumped four percent from January of last year, and total sales have leapt 11 percent since then. On the strength of these figures, Freddie Mac has named 2016 the best housing year in a decade. Now is the time to put your home on the market or search for that perfect place in the Ocala area to settle down!
Locally in Marion County and surrounding areas the residential market is thriving, with homes $250,000 and under comprising the bulk of sales. Mini-farms ten acres and under are dominating their category with an average price point of $500,000 and under. Our top selling neighborhoods are Ocala’s famously vibrant and active 55+ communities, with an average price point of $150,000.
2016 is poised not only to be a great year for the Ocala area housing market, but for all of us here at Showcase Properties. For two years in a row, one of our agents has received OMCAR’s rookie of the year recognition for selling one million in properties during their first year. In 2015 alone, five of our agents took home outstanding achievement recognitions from OMCAR for selling over three million in properties. Our sales volume is flourishing at just under 30 million in sales, and we are proud to be counted among the top 15 realty companies locally. Buy and sell with confidence at Showcase!