The Orlando Florida real estate housing statistics for February 2015 have been released by the Orlando Regional Realtor Association. Here is a direct link to the full MLS statistics details. These numbers are for Orange County and Seminole County in Florida and show properties sold via the MLS. They do not include for sale by owner FSBO, courthouse auction, builder sales, or other non-MLS sales.
Month Inventory New Listings New Pendings Closed Sales Median Price
Feb 2014 10,184 3982 3232 1997 $158,000
Dec 2014 11,557 2947 2101 2803 $169,000
Jan 2015 11,631 4066 2960 2120 $155,000
Feb 2015 11,446 3922 3072 2377 $165,000
The market overall appears to have stabilized. Inventory that peaked 6 months ago in August has gone down some and appears to have mostly flattened off. New listings are on par for what they have been in previous Februarys. Same with new pendings. The previously large gap between new listings vs. new pendings has shrunken considerably and now the difference is just 850 properties which is fairly reasonable.
Closed sales remain strong and are up some 19% above the same month last year. We now have a 4.8 month supply of homes available for sale. (11,446 inventory / 2,377 sales = 4.8 months' supply). We are in a softer seller's market which will hopefully continue throughout 2015. The Orlando market is reasonably healthy for both buyers and sellers right now.
Prices have hovering around the 160s-170s mark for a while now. The median price in Orange & Seminole County in February to $165,000 appreciation is basically flat.
You can read another detailed analysis from the Orlando Realtors at this link. If I can help you buy or sell your property, please contact me or one of our agents and we will take great care of you and your real estate needs in Central Florida.
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