The Orlando Florida real estate housing statistics for November 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
Nov 2014 12,121 3128 2341 2290 $165,000
Sept 2015 11,533 3702 2389 3013 $182,500
Oct 2015 11,411 3928 2580 2877 $179,900
Nov 2015 11,300 3388 2271 2255 $182,000
The market continues to stabilize. Inventory has steadily decreased ever so slightly since June. The number of new listings and new pendings remain stable as well. The gap between those 2 numbers hovers around the 1100 mark which is about normal. New listings are typically slower during the holiday months of November and December as sellers wait until the holidays to pass before putting their home on the market.
Closed sales remain strong this Autumn. November sales are similar to what they were a year ago. We now have a 5.1 month supply of homes available for sale. (11,300 inventory / 2,225 sales = 5.1 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 68 days which is historially very reasonable.
Prices remain steady. The median price of $182,000 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.