The Orlando Florida real estate housing statistics for April 2015 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
Apr 2014 10,647 4401 3604 2698 $162,500
Feb 2015 11,446 3922 3072 2457 $164,900
Mar 2015 11,529 4418 3244 3132 $177,100
Apr 2015 11,725 4508 3303 3031 $175,000
The market continues to stabilize. Inventory has remained stead around the 11 to 12,000 mark for about 8 months now. The number of new listings and new pendings remain stable as well. The gap between those 2 numbers hovers around the 1200 mark which is a little high but deals are definitely closing.
Closed sales remain strong. Orlando solds have been over 3000 properties for 2 months in a row. We have not seen 3000 solds since June 2010 when the federal tax credit/stimulus for first time buyers expired. We now have a 3.9 month supply of homes available for sale. (11,725 inventory / 3,031 sales = 3.9 months' supply). We are in a seller's market which will hopefully continue throughout 2015. The Orlando market is reasonably healthy for both buyers and sellers right now.
Prices continue to climb. The median price of $175,000 which is a fantastically high number - the 2nd highest price we have seen since the 2008 market crash.
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.