The Orlando Florida real estate housing statistics for December 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
Dec 2014 11,557 2947 2101 2803 $169,000
Oct 2015 11,411 3928 2580 2877 $179,900
Nov 2015 11,300 3388 2271 2325 $184,000
Dec 2015 10,634 2939 2006 2552 $185,000
The market continues to stabilize. Inventory has decreased by about 900 units during 2015. The number of new listings and new pendings is down slightly because of the holidays but is line with previous years. The gap between those 2 numbers hovers around the 900 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. Things slowly pick up in January.
Closed sales remain strong. December sales are slightly less than last year. We now have a 4.2 month supply of homes available for sale. (10,634 inventory / 2,552 sales = 4.2 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 are at 72 days which is historially very reasonable.
Prices remain steady. The median price of $185,000 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.