Is Marion County bucking the national slowdown trend?

Our friends up in Alachua County recently reported that the market there is trending more towards buyers.  This is not an isolated trend - many experts are expecting a slowdown in the market.  But when we looked at the local data here in Marion County, we saw a different story.

Unlike in Alachua County, where monthly activity has steadily dropped since May, here in Ocala/Marion County, activity was solid until we saw a drop in September, and then a rebound in October.

And inventory remains consistent with the previous 2 years:

It's too early to say for sure whether Ocala/Marion County is bucking a national trend, but looking at the chart for Gainesville/Alachua County, it does seem like a tale of 2 different markets:

Activity has dropped 10-15% each month since May, while in Ocala, it actually increased from June-August and September-October.

With increasing mortgage rates and buyers nervous about entering a market where prices have been climbing for several years, it's understandable why markets around the country are slowing.  But real estate is a very local thing!  We'll see how thinks look in about 6 months but as of today, our market in Ocala/Marion County is showing encouraging signs.

Other blog entries

Halloween Happenings (10/27/2018)
Awesome Outings in Autumn (10/17/2018)
The End of Summer Last Hurrah List (09/12/2018)
Enjoy Cooler Weather at Marion County's Fall Festival (09/06/2018)
New 12 Screen Movie Theatre in the Works for Ocala (08/17/2018)
Ice Cream, You Scream (08/06/2018)
'Kroger' Grocery Chain Moving into Florida (08/03/2018)
State approves $5.5M towards new commerce park (07/05/2018)
Texas Roadhouse coming to Ocala (06/17/2018)

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