Cycle Phase
Ocala experienced a market correction from early 2025 through late 2025. Elevated inventory persists, suggesting the market hasn't fully normalized.
Building activity may be outpacing demand absorption
Ocala's housing market shows average risk, ranking 194th of 287 metros. The market has been in Hypersupply for 5 months. The market shows signs of liquidity stress with elevated inventory.
Executive Summary
Risk is Neutral, driven primarily by permits per capita and affordability. The market is in Hypersupply phase. Liquidity is stress and valuation is balanced.
Top Risk Drivers (This Month)
Market Signals
Inventory has surged +27% YoY with days on market up +16% — significant supply buildup indicating market stress.
Liquidity
Valuation
Factor Details
Factor Breakdown
12-month HPI change — higher = overheating
YoY permit change — higher = supply pressure
Permits per 1,000 residents — higher = overbuilding risk
Mortgage payment / income — higher = more burdened
12-month employment change (risk inverted)
Net AGI migration (risk inverted)
Underlying Values
| Metric | Value | Pctile |
|---|---|---|
| Price Momentum | -0.4% | p10 |
| Permit Growth | -15.4% | p25 |
| Permits/1K Pop | 14.96 | p98 |
| Affordability | 0.37 | p95 |
| Employment | +0.7% | p31 |
| Net AGI Migration | +$429K | p9 |
National ContextDoes not affect score
Credit Conditions
Credit Regime
Oversupply with deteriorating transactions and no credit excuse. Supply-driven correction risk is elevated.
Supply Pipeline
Supply Regime
Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.
Local SignalsDoes not affect score
Metro Permit Activity
Permit Activity
Sharp CoolingRaw signal — not the composite percentile
Relative to 2016–2019 norms for this metro
Both supply and demand are in contraction. The market is in full retreat — builders have stopped and buyers have pulled back.
Liquidity
Liquidity
Internal Structure
County-level structural analysis.
County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.
Score History
| Month | Score |
|---|---|
| 2025-11 | 54 |
| 2025-09 | 57 |
| 2025-07 | 64 |
| 2025-05 | 59 |
| 2025-02 | 58 |
| 2025-01 | 57 |
| 2024-12 | 54 |
| 2024-10 | 59 |
| 2024-08 | 48 |
| 2024-07 | 49 |
| 2024-06 | 51 |
| 2024-04 | 53 |
| 2024-01 | 61 |
| 2023-11 | 52 |
| 2023-08 | 54 |
| 2023-05 | 56 |
| 2023-03 | 61 |
| 2023-01 | 63 |
| 2022-10 | 66 |
| 2022-07 | 69 |
| 2022-04 | 69 |
| 2022-02 | 73 |
| 2021-12 | 73 |
| 2021-11 | 72 |
| 2021-09 | 66 |
| 2021-06 | 72 |
| 2021-05 | 72 |
| 2021-03 | 61 |
| 2021-01 | 60 |
| 2020-11 | 61 |
| 2020-10 | 62 |
| 2020-08 | 63 |
| 2020-07 | 64 |
| 2020-05 | 63 |
| 2020-04 | 64 |
| 2020-02 | 69 |
| 2019-11 | 66 |
| 2019-08 | 66 |
| 2019-05 | 64 |
| 2019-03 | 64 |
| 2019-01 | 65 |