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.