The Orlando Florida real estate housing statistics for July 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
July 2014 12,093 4265 2745 2542 $171,000
May 2015 11,798 4431 3197 3117 $181,000
June 2015 12,058 4370 3067 3603 $180,000
July 2015 11,819 4302 2971 3388 $183,900
The market continues to stabilize. Inventory has remained stead around the 11 to 12,000 mark for about a year now. The number of new listings and new pendings remain stable as well. The gap between those 2 numbers hovers around the 1300 mark which is a little high but deals are definitely closing.
Closed sales remain very strong. July boasted the 2nd highest number of closed sales that we have seen since the association started reporting statistics back in 2004 - the only higher month was in June. We now have a 3.5 month supply of homes available for sale. (11,819 inventory / 3,388 sales = 3.5 months' supply). We are in a strong seller's market which is generally a good thing. It is somewhat challenging though for buyers because everything priced right is selling quickly. Days on market has reduced down to just 69 days.
Prices continue to climb slightly. The median price of $183,900 is the 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.