orlando real estate: Orlando Real Estate June 2021 - 07/20/21 08:20 AM
The #OrlandoRealEstate market continues to burn red hot as the summer selling season got under way last month. Sales and prices soared double digits, while the inventory of homes available for sale remains extremely low. June saw a 42% increase in the number of homes sold, compared to last year. The 4,414 closed sales last month is the highest number so far this year. The median price last month jumped 19% compared to a year ago, skyrocketing from $265,000 a year ago to $315,000. The inventory of homes available for sale did increase about 10% compared to May, but was still … (1 comments)

orlando real estate: Orlando Real Estate May 2021 - 06/16/21 08:25 AM
Take the sales increase with a grain of salt. Remember last year, May sales were way off due to COVID-19. That being said, sales did climb 82% compared with a year ago, and the median price soared 15% compared with May 2020. Over that same time, the inventory of homes of all types available for sale has plummeted 61%. Sales last month outpaced the inventory, meaning we have less than a one month supply of homes available for sale in Orlando. That may be starting to turn around though, because the 2,822 homes for sale represented a 6% increase in supply … (0 comments)

orlando real estate: Orlando Real Estate March 2021 - 05/19/21 07:00 AM
Homes are now routinely selling above the asking price, and many times sellers are requesting that appraisal contingencies be waved. Five of my last nine sales have been at list to as much as $25,000 over the asking price. When you watch this video breaking down the #OrlandoRealEstate market for March you will see why. Sales are soaring, and inventory is in a freefall pushing prices up double digits compared to a year ago. 
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orlando real estate: Orlando Real Estate February 2021 - 04/08/21 10:12 AM
Be sure to check out my post about the current challenges of purchasing a home in Orlando.
When you check out the latest market report for February 2021, you will understand why buying a home in Orlando right now is not easy. Even with all the challenges, sales continue to be strong. In fact, sales of all types of homes rose 19% in February compared to a year ago. There were 2,995 sales, up from 2,521 in February of 2020. Low interest rates and strong demand have pushed prices up too. The median price in February 2020 was $250,000, and that has … (1 comments)

orlando real estate: 523 Adirondack Ave , Orlando $349,900 - 03/25/21 05:02 PM
I do not usually post my listings on here, but this one is really amazing. This home was nearly destroyed by Irma a few years ago, but it has been completely renovated. It is really like a brand new home. I am also thrilled this is the 6th sale I have helped this family with across three generations. Just check out this home, which is just about the last house for sale in Orlando. At least it feels that way.
#OrlandoRealEstate
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orlando real estate: Orlando Real Estate January 2021 - 02/17/21 10:27 AM
It is a new year, but we are seeing more of the same when it comes to the #OrlandoRealEstate market results for January 2021. When I say more of the same, it is way more of the same. Sales for last month were up 20% compared to a year ago. There were 2,727 closed sales last month compared to 2,270 in January 2020. But wait there's more... Prices climbed 12% compared to a year ago. The median price held steady compared to the prior month, but jumped from $245,000 a year ago to $275,000 over the last three months. If a … (2 comments)

orlando real estate: Orlando Real Estate December 2020 - 02/11/21 11:58 AM
The #OrlandoRealEstate market report for December is more of the same. Sales are soaring, and inventory is in a freefall. This is pushing prices ever higher. Sales in December were up 21% compared to a year ago with 3,672 closed sales compared to 3,033 in 2019. The inventory of homes available for sale has absolutely plummeted 31% over the same time period. As of the end of December only 4,875 homes of all types were available for sale, giving Orlando just over a 1.3 month supply of inventory. The continued strong demand for homes, and declining inventory pushed prices up 10% … (1 comments)

orlando real estate: Orlando Real Estate November 2020 - 02/03/21 07:36 AM
I am a bit late on this one, but I will be catching up. Here is the #OrlandoRealEstate market report for November 2020. For all the investors out there that thought people would be desparate to sell due to the pandemic, it just is not happening. In fact the big story in our market is the continued drop in inventory of homes available for sale. Inventory in November was down to 5,583 which is over 26% fewer homes than November 2019. And if you thought demand would be down too - that's a big nope! Sales in November were up over … (1 comments)

orlando real estate: Orlando Real Estate October 2020 - 11/16/20 09:31 AM
Low interest rates and strong demand for housing in Orlando has continued to push sales higher. Last month #OrlandoRealEstate sales climbed 25% compared to a year ago. During the same time, the number of homes available for sale plummeted 25%, leaving us with just a little more than a 1.6 month supply of inventory. High demand and low supply has pushed the median price up 12% to $269,950. Check out the latest market report in this brief video.
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orlando real estate: Orlando Real Estate September 2020 - 10/15/20 08:44 AM
Orlando real estate sales and prices up double digits, but inventory plunges. 
Sales last month were up 16% compared to a year ago, with 3,478 closed sales of all types of homes. The strong demand pushed prices up 10% compared to last year with a median sales price of $270,000. The number of homes available for sales continues to drop with only 5,972 homes of all types currently on the market. That is a 23% drop from last September. With such strong sales, and such low inventory, we currently have only about 1.7 months supply of homes available for sale here in Orlando. … (0 comments)

orlando real estate: Orlando Real Estate August 2020 - 09/15/20 08:29 AM
Low interest rates, strong demand and declining inventory pushed the median price up double digits here in The City Beautiful. We saw an increase in sales of 4% last month compared with a year ago. I think we could have seen much better sales if it were not for the staggering 22% drop in homes available for sale since August of 2019. The median sales price soared 10% going from $250,000 last year to an all time high of $275,000 last month. At last month's sales pace, we are down to less than a 1.7 month supply of inventory.
#OrlandoRealEstate #Remax #Realtor
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orlando real estate: Orlando Real Estate July 2020 - 08/17/20 08:57 AM
Orlando real estate sales and prices are both up for July 2020, even as inventory plummets 22% compared to a year ago. The official closed sales number comes in way lower than what I saw in the multiple listing service, but still up from a year ago. 3,679 sales were recorded compared to 3,628 in July 2019. The median sales price rose to a new high of $270,000 up 9% from last year's $247,300. With strong sales and sinking inventory, currently Orlando has less than a 1.7 month supply of homes available for sale. 
Check out this brief video breakdown.
#OrlandoRealEstate
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orlando real estate: Orlando Real Estate June 2020 - 07/15/20 09:48 AM
Year over year sales were off again last month, but only by 9%. New contracts however were up by nearly 14% compared to a year ago, so I expect July sales will see a nice increase. Inventory is becoming our biggest issue as we saw a 19% decline in all homes available for sale. The decline in inventory, and continued strong demand pushed prices up 6%.
#OrlandoRealEstate #Remax #Realtor
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orlando real estate: 13018 Stoddart Ave, Orlando, FL 32827 - 07/10/20 04:50 AM
Enjoy this virtual Open House, and take a video walk through this elegant home in Lake Nona's Medical City. 13018 Stoddart Ave is located in Laureate Park, and features a 4/3.5 main home plus a 1/1 garage apartment over the three car garage.
 
For a self guided 3D walk through https://rem.ax/2ZOzv5A
For more information and photos https://www.davidwelch.com/FL/Orlando/13018-Stoddart-Avenue
#OrlandoRealEstate #Remax #Realtor
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orlando real estate: Real Estate Apps Only Go So Far - 05/23/20 07:47 AM
We all have apps for entertainment, work and even to make our lives a little easier. We even have apps for real estate. A real estate app can only go so far though, and can never replace an experience agent. Anyone who is really serious about making a move, whether selling or buying, should get in touch with a local agent who knows the market, and understands what it takes to help you achieve your real estate goals.
If you are ready to make your move in Orlando, I would love to help you personally.
#OrlandoRealEstate #Remax #Realtor
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orlando real estate: Orlando Real Estate April 2020 - 05/15/20 11:09 AM
As expected, Orlando saw  pretty big drop in sales last month due to the COVID-19 pandemic. We saw lower sales and lower inventory as buyers and sellers alike followed the safer at home order. Sales dropped by 28%, and inventory continued its long decline dropping by 3%. The one interesting statistic was the increase in the median price by 12%. I suspect job losses and furloughs disproportionately effected buyers in lower price ranges, pushing the median sales price up. The moratorium on evictions may also have kept some investors from being able to sell rentals that are often in the lower … (1 comments)

orlando real estate: Is Your Agent Looking Out for Your Best Interest - 04/29/20 11:57 AM
One of the rules I live by is 'trust your gut'. If you don't feel like your real estate agent is looking out for your interests, they probably aren't. When you are purchasing real estate, your agent should make sure you are informed about all the different types of inspections relevant to the property your are purchasing. You owe it to yourself to hire an agent that is more interested in you, than the fee they are going to collect at closing. Don't make a costly mistake, trust your gut.
#OrlandoRealEstate #Remax #Realtor
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orlando real estate: Orlando Real Estate March 2020 - 04/15/20 07:33 AM
With Orlando and the entire state of Florida currently under stay at home orders, I am expecting to see a pretty big drop in sales with a corresponding increase in inventory for April, but March was business as usual in the City Beautiful. Sales were only up about 2%, but prices jumped nearly 8% compared to a year ago. The number of homes available for sale continued to decline, seeing a drop of almost 10% year over year. We currently have over 900 homes in Orange, Seminole and Osceola counties in a temporarily off market status, as many sellers have decided … (1 comments)

orlando real estate: Orlando Real Estate February 2020 - 03/17/20 11:37 AM
Sales and prices were up on again on strong demand and low supply. In fact the inventory of homes available for sale has declined 17% compared to a year ago. We are still waiting to see what impact the Covid-19 pandemic will have, but with such low inventory I don't see a big impact on prices just yet.
Check out the brief video breakdown of the #OrlandoRealEstate market results for February 2020.
#Remax #Realtor
(3 comments)

orlando real estate: Orlando Real Estate Market January 2020 - 02/18/20 09:26 AM
Sales are climbing, inventory is dropping, and prices are rising. More of the same here in Orlando. Our real estate market is really hot right now, and if you are thinking at all about selling, there is no reason to wait for the spring selling season. Check out this brief video breaking down the #OrlandoRealEstate market results for January 2020.
#Remax #Realtor
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David Welch, #OrlandoRealEstate Optimist (Remax 200 Realty)

David Welch

#OrlandoRealEstate Optimist

Orlando, FL

More about me…

Remax 200 Realty

Address: 954 S. Orlando Ave., Winter Park, FL, 32789

Mobile: (407) 924-7670

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Orlando Real Estate Blog, news, statistics, marketing reports, insight, opinions. Orlando real estate includes, Winter Park Windermere, Apopka, Ocoee, and Winter Garden, as well as Conway and Dr. Phillips areas of Orlando.


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