Let's check in with Ocala Waterway neighborhood in SW Ocala.
Activity in Ocala Waterway has been pretty consistent throughout the past year. On average, about 5 homes have sold per month in the neighborhood.
Prices have been pretty stable also, fluctuating around $150,000 on average.
But the real story in Ocala Waterway right now is just how little there is on the market. Right now there are only 21 homes on the market in Ocala Waterway which translates to only 4 months supply!
Generally speaking, 6 months supply means a "balanced" market -- neither a buyer's market or a seller's market. But at just over 4 months supply, Ocala Waterway is a seller's market right now. Not too long ago, a seller's market would have been unthinkable, but times have changed!
