orlando real estate statistics: 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 statistics: Orlando Real Estate August 2022
- 09/15/22 08:32 AM
Sales are down compared to a year ago, but the median sales price is still way up from 2021. Inventory has climbed dramatically since this year's low in February. Sales have declined 17% to 3,324 compared to 3,999 a year earlier. Prices are up 18% over the same time period, rising from $320,000 to $377,750 last month. The most dramatic change has come in our inventory of homes of all types available for sale. The inventory has risen from 3,638 to 6,762, an increase of 86%.
Check out this brief video with more information about the #OrlandoRealEstate market results for August.
… (1 comments)
|
orlando real estate statistics: Orlando Real Estate July 2022
- 08/22/22 07:15 AM
The Orlando real estate market is shifting. Higher interest rates are having a significant impact on purchasing power. Buyers that were qualified to purchase a $500,000 home, may only qualify for $400,000 now. This drop in purchasing power has fueled a sharp decrease in sales, leading to a dramatic increase in inventory. In fact, sales were off 21% compared to a year ago. The inventory of homes available for sale climbed 85% compared to a year ago in July.
I do expect to see lower median and average sales prices, but I do not expect to see a collapse in the real … (3 comments)
|
orlando real estate statistics: 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 statistics: Orlando Real Estate April 2022
- 05/17/22 05:39 AM
Two notable changes may indicate a couple of new trends in the #OrlandoRealEstate market.
First, inventory actually ticked up compared to a year ago. Last month we had 2,670 homes of all types available for sale compared to 2,655 a year earlier. Since 2011, this is only the third time we have seen a year over year increase in inventory. The other two times were at the peak of COVID lockdowns in 2020.
Second, total sales dropped pretty sharply. There were 3,800 closed sales last month compared to 4,081 a year earlier. The rapid rise in interest rates has clearly had an impact, … (1 comments)
|
orlando real estate statistics: 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)
|
orlando real estate statistics: Orlando Real Estate July 2021
- 08/17/21 09:13 AM
No major changes last month. Sales and prices continue to climb double digits, while inventory continues to run low. Total sales in July rose 14% compared to a year ago with 4,183 homes of all types closing last month. The median price of the homes sold in July rose 18% compared to July 2020 with a median sales price of $320,000. While inventory was still 43% lower than a year ago, we did see a rise of 14% compared to June. As of the end of July there were 3,524 homes available for sale representing about a 26 day supply of … (1 comments)
|
orlando real estate statistics: 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 statistics: 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.
… (1 comments)
|
orlando real estate statistics: 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 statistics: 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 statistics: 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 statistics: 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.
… (0 comments)
|
orlando real estate statistics: 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 statistics: 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
… (0 comments)
|
orlando real estate statistics: 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 statistics: 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 statistics: 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 statistics: 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
… (2 comments)
|
orlando real estate statistics: 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.
… (1 comments)
|
|
|
|
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)
;)
;)
;)
