Orlando Florida housing market statistics June 2013

By
Real Estate Agent with Sand Dollar Realty Group, Inc. BK627826
https://activerain.com/droplet/YtJ

The Orlando Florida June 2013 real estate statistics have been published by the Orlando Regional Realtor Association. Here is a direct link to the full MLS statistics details. These numbers are for Orange County and Seminole County in Florida and show properties sold via the MLS.  They do not include for sale by owner, courthouse auction, builder sales, or other non-MLS sales.

Month            Inventory          New Listings       New Pendings      Closed Sales    Median Price

June 2012          8136              3214                    3289                   2614              $125,000

Mar 2013            6937              3446                    3455                   2710              $140,000

Apr 2013            7202              3852                    3435                   2768              $143,700

May 2013           7272              3841                    3519                   2984              $145,100

June 2013          7616              3732                    3191                   2563              $153,000

Orlando inventory increased again in June.  This is 3 months in a row that inventory has risen.  Also 3 months in a row that new listings have outpaced new pendings - we have not seen that since January 2011.  Is this sign of the bottoming out of the red hot market that we have been seeing the last few months?  Hard to tell.  Multiple offers are still the norm on properties priced under $150,000.  At some point it had to settle down a little and that might be what we are now seeing.  It reminds me a little of the year 2006 when the market started to stabilize except prices are about half what they were back then.    

Sales remain strong and continue to bounce around in the 2500 mark give or take a few sales.  But our month's supply of inventory is till very low at just 2.97 months (7616 inventory / 2563 sales = 2.97). The market is still incredibly busy by all accounts. 

Homes under contract continues to reduce and is now at 8441.  The majority of these are short sales which are slowly selling off.  There are still a tremendous amount of these working their way through the system.   

Interest rates have rebounded and actually spiked a bit last month.  Conventional loans are in the mid 4s which is historically a fantastic number.  I remember back in 2003 when I refinanced my home at 5.75% and was amazed I could get anything under 6 (a number we had not seen in decades). So don't complain too much about mid 4s.

Prices are up again in June.  The median price in Orange & Seminole County is $153,000.  This is 22% over what it was in June 2012 so not too shabby there either. 

You can read another detailed analysis from the Orlando Realtors at this link. If I can help you buy or sell your property, please contact me or one of our agents and we will take great care of you and your real estate needs in Central Florida.

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Topic:
Real Estate Market Trends
Location:
Florida Seminole County Altamonte Springs
Groups:
Orlando Real Estate
Central Florida
Florida Real Estate Market Reports
Seminole County Florida
Florida Real Estate Investors
Tags:
orlando housing statistics
orlando real estate market

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Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Values are increasing very nicely, hope the trend continues. Nice job with the report.

Jul 18, 2013 05:26 AM #1
Rainmaker
1,257,414
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

ROB:

Just dropping by to say Hi. Nice post. Have a great weekend. 

Jul 20, 2013 12:45 PM #2
Rainmaker
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Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Just stopped by Rob to say hi and read your latest market report. All the best

Aug 04, 2013 10:20 AM #3
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Rainmaker
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Rob Arnold

Metro Orlando Full Service - Investor Friendly & F
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