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Tuesday, July 23, 2024

Ocala/Marion County has third-highest increase in home sales among Florida metropolitan areas

Among the 22 metropolitan statistical areas in Florida, Ocala/Marion County has the third-highest increase in home sales over last year, with 3,758 reported sales in 2024.

Florida Realtors released a report last week detailing data from Florida’s multiple listing services for home sales throughout the state in 2024.

According to the report, there were 927 single-family home sales in the Ocala MSA during the month of May, accounting for an 11.4% increase over 2023.

Only one other MSA (Punta Gorda/Charlotte County) experienced double-digit growth (10.7%) in May, and more than half (12) experienced decreases.

Through the year, the Ocala MSA has seen 9.5% growth in single-family home sales over last year, with 3,758 closings through May 31, 2024. That ranks the area third in the state for the year, behind only Punta Gorda (14.7%) and The Villages/Sumter County (14.2%).

The report also notes that the median sales price for Ocala/Marion County single-family homes has been $289,000 through the year, which is the third lowest across the state. It is one of only three areas with median sales prices under $300,000, joining Homosassa Springs/Citrus County ($285,995) and Sebring/Highlands County ($274,990).

In addition to the single-family market, the Florida Realtors’ report also included data for townhouse and condominium sales through the year.

Despite having a relatively smaller market, the Ocala MSA has seen increases in both the median sales price ($219,000) and number of closed sales (245) this year over last.

To read the complete report, visit the Florida Realtors’ Florida Housing Market update for May.

The report from Florida Realtors follows similar studies and figures from other organizations, including the United States Census Bureau, that illustrate the continued growth of Marion County.

Earlier this year, Portable On Demand Storage (PODS) said Ocala had the second highest number of move-ins over the past year.

According to the Census Bureau, out of 3,144 counties in the United States, Marion County had the ninth-highest net domestic migration last year, adding over 15,000 residents at a rate over ten times higher than the national average.

Have you bought a new home in Ocala or Marion County recently? Share your experience with us in a letter to the editor.