Residential home prices continue their rise

According to a recently released report by Florida Realtors Association, the statewide median single-family sales price for homes in February rose another month to $381,481, up from $375,000 the previous month, a 21.1% year over year increase.

Statewide, townhouses and condo median sale prices statewide also rose to $290,000, up from $285,000, the previous month and a year over year increase of 24.3%.

In the same report, Ocala/Marion County’s February median sale price for single family homes was $269,000, up from $193,000 just a year before.

Out of the twenty-two metropolitan areas monitored in the association’s report, Ocala/Marion County median single family home price had the second highest percentage year over percentage increase at 39.4% second only to Punta Gorda in Charlotte County, at 41.3%.

The median townhouse and condo market in the Ocala/Marion County also had a significant increase, with a February median sales price of $182,500, a 52.1% increase over the previous year.

For townhouses and condos, Ocala/Marion County again holds the second highest increase to median sales prices year over year in the state- second only to Winter Haven who experienced a 57.8% increase.

Here is how Ocala/Marion County’s compared to the other metropolitan areas in Florida: