How long do most Ocala houses take to sell? If you’re planning to sell your house, knowing how long the process will take can help you prepare and come up with an effective strategy.
In this post, our real estate experts at Your Home Sold Guaranteed Realty - Coldwell Real Estate Services will discuss how long it takes most houses to sell and what the Ocala housing market is like. We’ll also share some factors that influence how long it takes homes to sell.
Key Takeaways:
- On a national scale, homes can take anywhere from 30 to 90 days to sell. This includes the moment the offer is accepted to the final closing day.
- In Ocala, most homes spend 74 days on the market before selling, while the hottest homes sell in as fast as 13 days.
- Overpricing is one of the most common reasons homes linger on the market. Make sure your pricing strategy is based on comparable sales data in your area.
How Long Do Most Houses Take to Sell?
How long it takes houses to sell depends on a variety of factors, including the condition of the home, how much the original asking price is, buyer demand, and even what type of buyer accepts your offer. For example, a cash buyer will lead to a faster sale than a buyer using traditional financing.
On a national scale, homes can take anywhere from 30 to 90 days to sell. This includes the moment the offer is accepted to the final closing day. However, the process can be shorter or longer depending on your area and unique situation.
What is the Housing Market Like in Ocala, Florida?
In Ocala, most homes spend 74 days on the market before selling, while the hottest homes sell in as fast as 13 days.
The Ocala housing market is considered a neutral market, so neither buyers nor sellers have the upper hand in a transaction. In recent months, the median home price was $280,000, which is a 3.4% decrease from the same point last year.
In addition, most homes sell for four percent below their asking price, while the hottest homes sell for exactly their original price. The Ocala market has a sale-to-list price ratio of 95.9% and only 6.9% of homes sell above their asking price.
What Factors Influence How Long It Takes For Homes to Sell?
- Location: Homes in popular neighborhoods close to good schools, parks, libraries, and grocery stores tend to sell faster. Short commute times and low crime rates are also important factors buyers look at when evaluating a location.
- Condition of the Property: Well-maintained homes that are move-in ready typically sell faster than fixer-uppers. In addition, buyers look for homes with amenities and updated features, like new appliances, smart technology, and security systems.
- Price: Overpricing is one of the most common reasons homes linger on the market. Make sure your pricing strategy is based on comparable sales data in your area.
- Market Conditions: In a seller’s market with high demand and low inventory, homes tend to sell more quickly. In a buyer’s market with more supply than demand, homes may take longer to sell. Other factors like interest rates, inflation, and recessionary conditions impact how much time a sale takes.
- Seasonality: Homes sell faster in the spring and summer. In contrast, markets usually slow down during the winter months, causing homes to spend more time on the market.
- Marketing Strategy: Properties that are marketed aggressively with professional photography, virtual tours, online listings, targeted advertising campaigns, flyers, and direct mail campaigns are more likely to attract buyers quickly.
- Accessibility for Showings: Homes that are easy for buyers to view with flexible showing times and minimal scheduling restrictions are likely to sell faster.
We Can Sell Your Ocala House No Matter What Time of Year It Is
The most significant factor in how long it takes your home to sell is which realtor you decide to work with. An experienced agent who understands the local market and has a track record of fast sales can help you achieve success.
If you’re planning to sell in Ocala, Florida, Scott Coldwell and our team at Your Home Sold Guaranteed Realty - Coldwell Real Estate Services are the best choice. On average, we sell homes 48% faster and for 2.4% more money than our competitors. Plus, with our seller guarantees such as our Guaranteed Sale Program, you can ensure a risk-free home-selling experience.
Contact us today at 352-290-3512, send a message to [javascript protected email address], or use the form on this page to learn more about working with our award winning real estate team.
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