Orlando real estate market statistics - January 2016

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

The Orlando Florida real estate housing statistics for January 2016 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

Jan 2015              11,631                 4066                      2960                       2120                 $155,000

Nov 2015             11,300                 3388                      2271                       2325                 $184,000

Dec 2015              10,634                2939                      2006                       2639                  $185,000

Jan 2016               10,777                3814                      2540                       1745                  $176,500 

2016 started off with a whimper.  Inventory is up slightly as listings always spike upward in January.  New pendings are down slightly year over year but this is partially because inventory is also down about 8% since January 2015.  

Closed sales took a dip in January to their lowest figure in about 3 years.  However they are expected rise and temperatures warm up.  We now have a 6.2 month supply of homes available for sale. (10,777 inventory / 1,745 sales = 6.2 months' supply).  This indicates we are in a balanced market where buyers and sellers should have equal negotiating power, however in the lower price ranges inventory is still relatively low and thus challenging for buyers to get good deals.    

Prices are down slightly to a median of $176,500.  However this is 13.8% higher than a year earlier.    

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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Rainmaker
2,477,118
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Rob, you provide good information for buyers and sellers on the Orlando FL real estate marekt.

Feb 18, 2016 10:50 AM #1
Rainmaker
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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hey Rob-looks like Orlando is heading for another change in direction once again.

Feb 18, 2016 11:57 PM #2
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Rob. This is great information to share with the public. Both buyers and sellers will appreciate having this information available to them. 

Feb 20, 2016 09:49 AM #3
Rainmaker
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Pamela Cendejas
Second Self Virtual Assistance - Kingman, AZ
Second Self Virtual Assistance (928) 692-3235

The information you're providing is really helpful to anyone interested in Orlando real estate - buyers and seller alike.

Feb 25, 2016 04:44 AM #4
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Rob. I'm stopping by to say hello and thank you for your comments. I hope you are having a wonderful week. 

Mar 02, 2016 10:58 AM #5
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Rainmaker
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Rob Arnold

Metro Orlando Full Service - Investor Friendly & F
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