Orlando real estate market December 2015

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

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.

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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:
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Rainmaker
2,701,088
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Rob Arnold This is very good real estate market stats for Orlando.

Jan 20, 2016 09:32 AM #1
Ambassador
1,962,828
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Rob, great overview of the Orlando real estate market and just what buyers and sellers need to know!

Jan 21, 2016 10:49 AM #2
Rainmaker
2,093,229
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

I would love to own a home in Orlando someday....I would have season passes to Disney for all my grandbabies!

Jan 22, 2016 04:28 AM #3
Rainmaker
4,019,618
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Rob, great stats for the Orlando area, and sure looks like home values are increasing nicely! 

Jan 22, 2016 09:54 PM #4
Rainmaker
2,940,275
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

You sure have seen a swing. Good to read things are well Rob Arnold 

Jan 22, 2016 11:27 PM #5
Rainmaker
1,675,306
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Rob Arnold ,  Nice market report for the Orlando residents, or wanna=be residents.

Jan 26, 2016 11:25 AM #6
Rainmaker
845,955
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hi Rob-your market seems to be very steady and stable which is a good thing! I think ours may be heading for a reality check.

Jan 27, 2016 09:28 PM #7
Rainmaker
1,158,213
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Inventory down slightly, which probably means you don't have the shortage that we do here. This is a great overview of your market,  Rob.

Jan 30, 2016 04:58 AM #8
Rainmaker
2,394,715
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Less inventory has caused Orlando's prices to go up considerably!

Jan 30, 2016 10:19 AM #9
Ambassador
2,188,589
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Rob. This is a great overview of your market. I'm glad to hear it's doing well. 

Feb 01, 2016 07:11 AM #10
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Rainmaker
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Rob Arnold

Metro Orlando Full Service - Investor Friendly & F
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