Orlando real estate market November 2015

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

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.

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Topic:
Real Estate Market Trends
Location:
Florida Orange County Orlando
Groups:
Orlando Real Estate
Central Florida
Florida Real Estate Market Reports
Seminole County Florida
Florida Real Estate Investors
Tags:
orlando housing market
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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Rob Arnold These are very valuable latest real estate stats for Orlando.

Dec 15, 2015 09:21 AM #1
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Rob- Good market information and this is what sellers and buyers in Orlando are looking for. 

Dec 16, 2015 09:28 AM #2
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Rainmaker
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Rob Arnold

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