Orlando real estate market statistics - July 2015

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

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.

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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
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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good information for families moving to the area.

Many Maryland retirees have resolved to move to Florida before the next winter.

Aug 19, 2015 01:29 AM #1
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

This is indeed great information. I have so many clients that do not want to spend another winter up north!

Aug 20, 2015 06:21 AM #2
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Your market is holding steady. That is great news. I hope your market at least continues to stay steady and hopefully increase. 

Aug 23, 2015 12:22 AM #3
Rainmaker
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Rob

The Orlando Florida real estate market is stable and moving forward.

Good luck and success.

Lou Ludwig

Aug 24, 2015 12:45 PM #4
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Rainmaker
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Rob Arnold

Metro Orlando Full Service - Investor Friendly & F
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