Market Update - Central Florida - December 2015

Real Estate Agent with Real Living Real Estate Solutions

In the Central Florida real estate market, conditions continue to favor sellers over buyers even as fewer houses become available compared to his time last year. December 2015 found a decrease in the number of new listings, active listings for single family homes, according to information from My Florida Regional MLS.

The 3,395 new listings in December 2015 represented a 3% decrease over December 2014. Active listings decreased 18% percent to 13,079 over the same period. Actual sales of single-family homes also decreased over the same period. The My Florida Regional MLS reports that in December 2015, a total of 3,395 single homes were sold in the Central Florida area. This represents a 5% decrease over sales in December 2014.

Prices in the Central Florida real estate market continued to climb during that year-long period. The median price of a single-family home in the Central Florida area increased 10% between December 2014 and December 2015 to $187,000. Average home prices rose 9% during that period to $226,070.

The dollar volume of sales during the year increased 5 percent. In total, $767,158,497 worth of homes were sold in December 2015.

Homes spend an average of 76 days on the market in Central Florida, which is a decrease from December 2014.

Generally high prices, limited availability, and quick sales of those homes that come up for sale make the Central Florida real estate market a favorable environment for sellers.

Contact us today for more information on Central Florida real estate and for professional assistance navigating this sometimes complex home market.

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