orlando real estate market: Buying Orlando Real Estate is Challenging to Say the Least - 03/03/21 12:27 PM
Brace Yourself
If you are in the market to purchase real estate here in Orlando, you probably already know it is challenging. If you have not started looking for property in Orlando yet, brace yourself. The market has changed pretty dramatically in just the last month or so. Our inventory has been declining steadily and fairly swiftly for over ten years, but our current inventory is now 40% lower than it was a year ago. In addition to plummeting inventory, demand is up 25% compared to a year ago, and prospective buyers are running into multiple offer situations repeatedly.
Move Fast
If a home … (0 comments)

orlando real estate market: 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 market: 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 market: 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 market: 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 market: 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 market: Orlando Real Estate Market October 2019 - 11/15/19 09:39 AM
Check out this brief video breaking down the #OrlandoRealEstate market results for October 2019. Sales were down very slightly on lower inventory. Prices however, continue to see gains on strong demand for housing in The City Beautiful.
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orlando real estate market: Orlando Real Estate Market August 2019 - 09/16/19 10:10 AM
August saw a small increase in sales compared to a year ago, but prices took a pretty big jump on slighlty lower inventory. Check out this brief breakdown of the market results for last month.
#OrlandoRealEstate
#Remax #Realtor
 
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orlando real estate market: Orlando Real Estate Market March 2019 - 04/15/19 10:18 AM
Sales are down, but prices and inventory are up slightly. Check out this quick breakdown of the #OrlandoRealEstate market results for March 2019.
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orlando real estate market: Orlando Real Estate Market February 2019 - 03/15/19 09:08 AM
The latest official numbers are out for #OrlandoRealEstate for February 2019. We have literally had eight years of year over year, monthly price gains. We are not seeing double digit increases any more, but are showing a sustainable 3% increase for last month compared to a year ago. Please check out the brief video.
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orlando real estate market: Orlando Real Estate Market January 2019 - 02/15/19 11:08 AM
91 straight months of year over year price increases here in The City Beautiful. I am looking for increasing inventory this year as more and more sellers are finding that they have equity in their homes. Check out this brief video with a breakdown of the #OrlandoRealEstate market results for January 2019.
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orlando real estate market: Orlando Real Estate Market December 2018 - 01/15/19 10:09 AM
Slower sales and slower price appreciation highlight the December 2018 #OrlandoRealEstate market results. Look for more of the same in 2019, in my opinion. I am expecting flat sales and a return to historically typical appreciation after nearly eight years of double digit increases.
Check out this brief video detailing December's market results.
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orlando real estate market: Orlando Real Estate Market August 2018 - 09/17/18 07:49 AM
Sales are down along with inventory compared with a year ago. Prices continue to trend up compared to 2017, but appreciation is slowing. Inventory is up month over month for the second month in a row, so we may be starting to see some changes coming to the #OrlandoRealEstate market.
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orlando real estate market: Orlando Real Estate Market January 2017 - 02/15/17 11:21 AM
I wrote a post the other day explaining why location is so important. Fortunately for me, I practice real estate in Orlando, Florida. The location really doesn't get much better than right here in the center of The Sunshine State. Our terrific weather, growing economy and lower cost of living help make Orlando Zillow's #4 real estate market. Check out this brief video courtesy of the Orlando Regional Realtor Association, breaking down the market results for January 2017.
#OrlandoRealEstate
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orlando real estate market: Orlando Real Estate Statistics March 2015 - 04/06/15 02:41 AM
Apparently, March was the month to buy a home in Orlando, but I'll get to that in a minute. Inventory inched down a bit to 11,450 properties listed available by Orlando Realtors®. Of the properties listed active, 1,667 or 14.6% are REO, only 640 or 5.6% are short sales, and 9,143 or 79.9% are equity sales.Pending sales, including properties listed as pending and active with contract edged up slightly to 7,561. Of the properties with contracts, 1,729 or 22.9% are REO, 1,943 or 25.7% are short sales, and 3,889 or 51.4% are equity sales.Although the total number of active properties, and … (2 comments)

orlando real estate market: Orlando Real Estate Market March 30, 2015 - 03/30/15 04:47 AM
There are 11,419 homes for sale listed by Orlando Realtors® and 7,782 homes listed as contract pending. Of the homes still available for sale, 1,660 are foreclosures and 642 are short sales. Of the homes with contracts pending, 1,797 are foreclosures and 1,966 are short sales.
Early Orlando real estate sales statistics for March: 2,640 closed sales with a median sales price of $175,000. Sales and prices are way up from March 2014. A year ago we had 2,435 closed sales with a median price of  $160,000.
David Welch Real Estate Optimist, Orlando Real Estate
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orlando real estate market: Orlando Real Estate Statistics January 16, 2015 - 01/16/15 12:37 AM
There are 12,036 homes for sale listed by Orlando Realtors® and 6,381 homes listed as contract pending. Of the homes still available for sale, 2,064 are foreclosures and 870 are short sales. Of the homes with contracts pending, 1,871 are foreclosures and 2,010 are short sales.
Way too early Orlando real estate sales statistics for January: 732 closed sales with a median sales price of $161,437. December closed really strong, but so far January looks to be a bit behind.
David Welch Real Estate Optimist, Orlando Real Estate
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orlando real estate market: Orlando Real Estate Statistics December 2014 - 01/06/15 02:28 AM
For the second month in a row, the inventory of available homes for sale is down. At this point it could be a reflection of normal seasonality, or maybe the beginning of a trend. There are 11,947 homes listed as active by Orlando Realtors®. Of the properties currently available, 2,213 or 18.5% are REO properties, 872 or 7.3% are short sales and 8,862 or 74.2% are equity sales.  REO properties are also known as bank owned or foreclosure properties. Short sales are properties that are valued less than the outstanding mortgage, and equity sales are traditional sales where the owner actually … (0 comments)

orlando real estate market: Orlando Real Estate Statistics November 20, 2014 - 11/20/14 12:45 AM
There are 12,861 homes for sale listed by Orlando Realtors® and 7,183 homes listed as contract pending. Of the homes still available for sale, 2,254 are foreclosures and 1,022 are short sales. Of the homes with contracts pending, 1,826 are foreclosures and 2,325 are short sales.
Way too early Orlando real estate sales statistics for November: 1,337 closed sales with a median sales price of $160,000. If the sales pace and price hold they will mark impressive increases from a year ago when we posted 2,158 sales at $150,000. This should mark three months in a row of year over year increased sales. This could bode … (1 comments)

orlando real estate market: Orlando Real Estate Statistics November 12, 2014 - 11/12/14 02:05 AM
There are 12,892 homes for sale listed by Orlando Realtors® and 7,187 homes listed as contract pending. Of the homes still available for sale, 2,299 are foreclosures and 1,006 are short sales. Of the homes with contracts pending, 1,771 are foreclosures and 2,402 are short sales.
Way too early Orlando real estate sales statistics for November: 606 closed sales with a median sales price of $163,000. Sales are rolling on, and the median price appears to have rebounded from last month's drop.
 
David Welch Real Estate Optimist, Orlando Real Estate,
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David Welch, #OrlandoRealEstate Optimist (Remax 200 Realty)

David Welch

#OrlandoRealEstate Optimist

Orlando, FL

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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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