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.