When you are buying or selling a home, it’s important to know the state of the Ocala housing market before you begin. Knowledge of the market can help you get the best price and the most favorable terms for your real estate transaction. 

However, the market fluctuates over time. To ensure that you are buying or selling in the right market, you need the most updated information possible. To help you on your real estate journey, below we take a look at the Ocala housing market in 2023 and teach you how to leverage the market in your favor going into the new year. 

What’s a Buyer’s Market Versus a Seller’s Market in the Ocala Housing Market?

Understanding the difference between a buyer’s market and a seller’s market is crucial knowledge as it will impact every aspect of your transaction. 

A buyer’s market is a housing market in which the conditions favor the homebuyer. This means that the demand for homes is low while the supply of homes for sale is high. It gives homebuyers options and the luxury of being able to take their time before putting in an offer. A buyer’s market also gives the homebuyer an advantage at the negotiating table to push for better terms and a lower price.

A seller’s market, on the other hand, can be seen as the opposite of a buyer’s market – a seller’s market favors the home seller. When the supply of homes for sale is low and the demand is high, a home seller can expect their home to sell quickly and near the asking price. The home seller also has the upper hand in negotiating the terms and price of the sale.

Is Ocala a Buyer’s Market or a Seller’s Market?

At the end of 2022, Ocala was firmly a seller’s market. However, 2023 will see a swing towards a neutral market. 

What does a neutral market mean for you? Simply put, it means that neither the home seller nor the homebuyer has the upper hand in negotiations. The supply of homes is adequate for the demand and homes sell at an average rate and price. 

In a neutral market, it’s important to have an experienced realtor by your side to tip the scales in your favor. An expert realtor can help you negotiate the terms you want and need as well as take the hassle out of buying or selling a home. Your friends at Your Home Sold Guaranteed Realty - Coldwell Real Estate Services have the knowledge and experience to be able to get you the right price in your timeframe.

Buying or Selling a House in Ocala

Whether you are buying or selling a home in the Ocala housing market, having a realtor by your side will ensure success on your terms. With just one quick call to Your Home Sold Guaranteed Realty - Coldwell Real Estate Services our expert realtors will start you on your real estate journey. Or, you can simply complete the form below for more information. Whichever way you choose to contact us, we are ready and able to help you get a fantastic deal on your home sale or purchase. Contact us today before the market changes!