North Central Florida home sales fall, while prices go up

Home sales sign
Home sales sign(MGN, Wonderlane / Flickr / CC BY 2.0)
Published: Nov. 18, 2022 at 5:27 PM EST
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GAINESVILLE, Fla. (WCJB) - The housing market is sluggish heading into the holidays, but prices are still up.

October sales data released on Friday by Florida Realtors show a big drop in the number of homes sold in October compared to a year ago. On the other hand, the homes that are sold are going for much higher prices.

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In the Gainesville market, sales fell 8.5 percent but the average price rose 9.5 percent. In Ocala, sales dropped 12 percent but prices jumped nearly 19 percent.

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