Orlando FL housing market statistics - March 2014

By
Real Estate Agent with Sand Dollar Realty Group, Inc. BK627826

The Orlando Florida real estate housing statistics for March 2014 have been released 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 FSBO, courthouse auction, builder sales, or other non-MLS sales.

Month            Inventory          New Listings       New Pendings      Closed Sales    Median Price

March 2013        6937                    3446                      3455                       2710                $140,000

Jan 2014              9927                    3931                      3089                       1889                $149,500

Feb 2014            10,184                   3982                      3232                       1997              $158,000

March 2014       10,343                   4406                      3659                      2342              $160,000

The inventory numbers continue the upward trend. March 2014 marks 12 months in a row of increases since our low point in March 2013.  We now have 49% higher inventory than we did a year ago. The month's supply of homes, also known as the absorption rate, decreased some to 4.4 month's supply. (10,343 inventory / 2342 sales = 4.4).  Spring is in the air and buyers are looking for that new house to buy.  So sales have rebounded after the winter lull.

Interest rates remain relatively steady at 4.43% for a 30-year mortgage.  They have been hovering in the mid-4s for about 6 months now but odds are they will be headed up as this rate is still historically very low.   

Prices have plateaued since June 2013.  The median price in Orange & Seminole County is $160,000.  They have been hovering between $150,000 to $160,000 since June.

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:
Investors
Orlando Real Estate
Central Florida
Seminole County Florida
Florida Real Estate Investors
Tags:
orlando housing statistics
orlando housing market
central florida housing market

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Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Rob - very good recap of March 2014 sales in Orlando real estate.  Positive overall signs with increased inventory yet still a sellers' market with a less than six months supply plus still excellent mortgage rates.   

Apr 27, 2014 12:33 AM #1
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Rainmaker
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Rob Arnold

Metro Orlando Full Service - Investor Friendly & F
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