The city of Ocoee, FL, zip code 34761, has seen a pretty steady rise in the real estate market throughout 2010. The number of sales ranged from 35-70 sales a month and December 2010 resulted in 55 sales.
Inventory levels have ranged from 2.7 months to 6.7 months with current inventory based on closed sales at 5.6 months as of December 2010.
The number of homes for sale have ranged from 273 to 323 in 2010 and currently there’s 310 for sale.
The average sales price is currently $147,000 and the median price is $137,000. Prices have been falling albeit at slower pace than the past few years. The average sales price fell from $161,000 in January 2010 to $147,000 at the end of the year. The median price from $156,000 to $137,000 in the same period.
The average days on market is currently 96 days and home sellers have been getting 94% to 98% of their asking price.