The Orlando Florida real estate housing statistics for October 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
Oct 2014 12,507 4125 2645 2888 $160,000
August 2015 11,661 4006 2828 3195 $181,000
Sept 2015 11,533 3702 2389 3013 $182,500
Oct 2015 11,411 3928 2580 2800 $180,000
The market continues to stabilize. Inventory has remained steady just under 12,000 for 10 months in a row. 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 strong this Autumn. October sales are similar to what they were a year ago. We now have a 3.5 month supply of homes available for sale. (11,411 inventory / 2,800 sales = 4.1 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 are at 71 days which is historially very reasonable.
Prices remain steady. The median price of $180,000 is similar to what it has been since May 2015.
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.