The Orlando Florida real estate housing statistics for March 2016 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
Mar 2015 11,529 4418 3244 3132 $177,100
Jan 2016 10,777 3814 2540 2146 $180,000
Feb 2016 10,696 3918 2747 2415 $185,000
Mar 2016 10,583 4353 3033 3022 $195,000
Spring is upon us. The Orlnado real estate market is going full blast. Inventory continues to creep downward with no lack of new listings. Buyers are finding a shortage of inventory to pick from and multiple offers seem to be fairly normal in the under $300,000 price range.
Closed sales remain strong in spite of the new financing rules. We now have a 3.5 month supply of homes available for sale. (10,583inventory / 3,022 sales = 3.5 months' supply). The market is a strong seller's market and sellers are having few problems selling if they price their property correctly.
Prices are up 10% since March 2015 as the median price increased to $195,000.
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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