orlando real estate agent: Orlando Real Estate Market December 2024
- 01/20/25 07:24 AM
Sales had a nice bump last month with 2,154 closed transactions in December 2024 compared to 1,982 closed sales the prior year. That resulted in nearly an 8.7% increase. The median home price also saw a nice gain from the same month a year ago. The median sales price for all residential properties in December 2023 was $367,250. That rose to $380,000 last month representing just shy of a 3.5% increase. Inventory remains high and saw a slightly more than a 28% increase in the number of all types of homes available for sale in the #OrlandoRealEstate market. Check out this … (2 comments)
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orlando real estate agent: Orlando Real Estate Market November 2024
- 12/17/24 12:29 PM
The Orlando real estate market has really been soft the last several months. November was no exception. Sales were off 9.6% compared to November 2023. Only 1,805 homes sold last month. Prices have continued to hold steady even with declining sales and increasing inventory. The median sales price was up about 1.3% last month compared to a year ago. The median sales price of homes sold last month was $380,000. The number of homes of all types available for sale increased 41.5% last month compared to a year earlier. Inventory rose to 11,604 homes. Based on last month's sales pace, this … (2 comments)
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orlando real estate agent: Orlando Real Estate August 2024
- 09/18/24 08:18 AM
Last month the inventory of all types of homes for sale was up 88% compared to a year ago. There were 11,511 at the end of last month compared to 6,115 at the end of August 2023. The median home price was up 3% compared to August of 2023. The median sales price last month was $384,500 compared to $375,000 the year before. The total number of closed sales was down by 5% compared to the same month last year. There were 2,655 closed sales this August compared to 2,792 last year.
New listings were up compared to last year, but new … (0 comments)
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orlando real estate agent: Orlando Real Estate December 2023
- 01/18/24 09:23 AM
The #OrlandoRealEstate market continues to move a bit slower than 2022, but slower sales have not had an effect on prices. Total sales were 11% lower than a year ago with just 1,982 homes of all types closing in December 2022.
The slower pace of sales has had an impact on inventory with the number of homes available for sale climbing 23% year over year. Currently, there are 7,838 homes available for sale in the Orlando market.
Even with the slower sales pace and the rising inventory, home prices continue to be strong with a 4% increase compared to December 2022. The median … (1 comments)
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orlando real estate agent: Orlando Real Estate October 2023
- 12/13/23 10:20 AM
The inventory of homes available for sale continues to climb on high interest rates. Prices too are up from a year ago rising 3% to $377,000. The number of sales is once again lower when compared with October 2022 with just 2,429 homes of all types closing during the month. That is down 11% compared to a year ago. The 7,813 homes available for sale at the end of October is still just a 3.2 month supply of inventory. Check out the brief video breaking down the #OrlandoRealEstate market results for October 2023.
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orlando real estate agent: Orlando Real Estate May 2023
- 06/27/23 07:57 AM
The number of homes of all types available for sale is of course still up compared to last year. There were 5,149 homes for sale in May up 33.7% compared to a year ago, but up only 1 home compared to April. The number of closed sales was down 20.2% with 3,150 closed transactions last month compared to 3,946 in May 2022. These numbers pretty much continue the trends we have been seeing since interest rates began to rise last summer. One trend that was broken last month was year over year sales price increases. The median sales price last month … (0 comments)
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orlando real estate agent: Orlando Real Estate April 2023
- 05/22/23 08:36 AM
Orlando real estate numbers continue to be solid. Inventory remains high compared to a year ago with 5,148 homes of all types available for sale compare to just 2,670 a year ago. However, that is still less than a two month supply of homes for sale. The median price remains strong at $370,000 holding steady compared to last year. The total sales number is again way down compared to a year ago, and I have no answer for this, because the official numbers continue to run around 1,000 fewer than what I am counting on our multiple listing service.
If you are … (0 comments)
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orlando real estate agent: Orlando Real Estate February 2023
- 03/15/23 12:52 PM
The latest #OrlandoRealEstate market report for February 2023 is in. Take a look at the brief video below. Inventory is up 140% from a year ago, but down for the third month in a row. Homes available for sale declined over 9% compared to January. Sales declined 30% from a year ago, but increased over 33% compared to the month before. The median sales price for February was up 3.8% compared to February 2022, and up 2.3% compared to January of this year. The Orlando real estate market remains quite strong, even with higher interest rates. Nearly 1/3 sales have been … (2 comments)
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orlando real estate agent: Orlando Real Estate December 2022
- 01/17/23 11:27 AM
Since the Federal Reserve started raising rates last year, we have seen the inventory of available homes increase and sales decrease when compared to the prior year. This continued in December. Inventory was up 146% compared with December 2021, and sales declined 42% over the same period. The rate hikes have also slowed the rise in prices with the median sales price last month increasing just 4% compared to a year earlier.
However, compared with November we did see fewer new listings and higher sales last month, so the inventory of homes for sale actually declined nearly 12% month over month. The … (0 comments)
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orlando real estate agent: Waiting for Orlando Real Estate Prices to Fall?
- 10/25/22 06:36 AM
If you are waiting on #OrlandoRealEstate prices to collapse, keep waiting. This is not the 2008 recession. A lot of buyers in 2004-2006 were speculating on the rapid rise in real estate prices to flip properties. The increases were further fueled by crazy financing such as 105% financing with no documentation needed. Our crazy increases over the past couple of years have been dominated by actual 'home' buyers and long term cash investors from what I have seen.
When the market began cooling in 2006 there were about 6,000 lis pendens filed in Orange County, and that number grew to over 27,000 … (2 comments)
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orlando real estate agent: Orlando Real Estate September 2022
- 10/19/22 07:41 AM
Once again inventory rose significantly compared to a year ago, but the 6,884 homes available for sale was up only 1.8% from August. Close sales were down 28.3% compared to a year ago with just 2,717 compared to 3,789 in September of 2021. New listings and new contracts were also down compared to the same month last year, but the median sales price was up 14.8% to $365,000. The inventory or homes for sale represents a 2.5 month supply compared to about a one month supply last year, and the time on market rose slightly to 31 days compared to 27 … (2 comments)
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orlando real estate agent: Orlando Real Estate September 2021
- 10/18/21 07:54 AM
Inventory remains low with 39% fewer homes of all types available for sale compared with a year ago. We did see a very small, 1% increase in inventory from August to September however. Even with the lower inventory, total sales continued to climb by 9% compared to September of 2020. Based on the total number of sales of 3,789, we have roughly 29 days of inventory on hand. Low inventory and strong demand along with very favorable interest rates pushed the median sales price to $318,000, which is up 18% compared to last year.
Be sure to check out this brief video … (1 comments)
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orlando real estate agent: 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 agent: 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)
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orlando real estate agent: 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 agent: 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 agent: 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 agent: 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)
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orlando real estate agent: 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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Sales had a nice bump last month with 2,154 closed transactions in December 2024 compared to 1,982 closed sales the prior year. That resulted in nearly an 8.7% increase. The median home price also saw a nice gain from the same month a year ago. The median sales price for all residential properties in December 2023 was $367,250. That rose to $380,000 last month representing just shy of a 3.5% increase. Inventory remains high and saw a slightly more than a 28% increase in the number of all types of homes available for sale in the #OrlandoRealEstate market. Check out this … (2 comments)
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