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Laura Bessoni
Coast2Coast Lending

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.

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