The Orlando Florida real estate housing statistics for September 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
Sept 2014 12,316 4017 2666 2770 $167,100
July 2015 11,819 4302 2971 3566 $183,300
August 2015 11,661 4006 2828 3195 $181,000
Sept 2015 11,533 3702 2389 2857 $182,000
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. September sales are less than during the summer month but higher than they were a year ago. We now have a 3.5 month supply of homes available for sale. (11,533 inventory / 2,857 sales = 4.0 months' supply). We are in a 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 again to just 67 days.
Prices continue to climb slightly. The median price of $182,000 is the 2nd highest price we have seen since the 2008 market crash. (The highest price was in July.)
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.