orlando real estate blog: 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 … (0 comments)
orlando real estate blog: 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. … (0 comments)
orlando real estate blog: 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)
orlando real estate blog: 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)
orlando real estate blog: Orlando Real Estate March 2023
- 04/17/23 08:13 AM
Inventory and prices remain higher than a year ago, with sales numbers quite a bit lower than last March. Currently inventory is just over double what it was last year with 5,052 homes available for sale. However, that number is 9% lower than February, and March is the fourth month in a row with declining numbers of homes for sale. The median price last month was $365,000 which is a modest 1% increase over last March. Sales continue to be much lower than a year ago, with 2,936 closed transactions last month. That is down 28% from March of 2022, however … (2 comments)
orlando real estate blog: 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)
orlando real estate blog: Orlando Real Estate October 2022
- 11/29/22 07:49 AM
Climbing interest rates continue to have an impact on closed sales and new contracts. Closed sales dropped 27.8% with 2,716 homes of all types closing compared to 3,760 a year ago. New contracts declined over 50% from 3,583 to 1,788 compared to October 2021. Slowing sales have pushed the inventory of homes available for sale up over 100% compared to last year. There are currently 7,128 homes for sale compare to 3,406 last year. Higher rates have also caused home price increases to slow. The median sales price last month was up 12.3% compared to last year. The median sales price of … (0 comments)
orlando real estate blog: Orlando Real Estate May 2022
- 06/15/22 11:03 AM
The 11 year trend of falling inventory is definitely reversing. New listings shot up nearly 12% pushing our inventory of homes available for sale up over 36% compared to a year ago. Our upward sales trend has not quite reversed course, but may be heading that way. In April we saw sales slip slightly from the year before, but May had a slight rebound with 3,946 closed sales up 1.9% compared with May of 2021. Prices continue to push higher with nearly a 27% increase in the median sales price compared to a year earlier. The May median sales price climbed … (0 comments)
orlando real estate blog: Sold Over Asking Price - Orlando 2021
- 09/08/21 07:39 AM
Just how challenging has the Orlando real estate market been for buyers this year? I took a look at the percentage of closed sales, in Orange and Seminole Counties for the last six months that closed above asking price. I looked at the numbers for this year compared with 2019. I went back two years for obvious reasons, given the special circumstances and challenges of 2020. Below is a table that illustrates just how much more challenging our market has been for buyers this year. You can see that in a 'normal' market nearly 10% our sales in Orlando close above the … (3 comments)
orlando real estate blog: 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 blog: 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 blog: 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 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.
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.
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