In the Central Florida real estate market, conditions favor both buyers and sellers as more houses become available. April 2016 found a 2.6% decrease over April 2015 in the 5,244 number of new listings and a 16.4% decrease to 13,019 active listings for single family homes. However, April 2016 found a 3.4% increase in the number of new and active listings from the previous month, March 2016.
Actual sales of single-family homes also decreased over the same period. The My Florida Regional MLS data reports that in April 2016 a total of 3,800 homes were sold in the Orlando area. This represents a 1.2% decrease over sales in April 2015. Prices in the Orlando 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 13.2% between April 2015 and April 2016, to $215,000. The median price of all homes (including single-family homes, townhouses, and condominiums) increased 11% to $192,000 during that same year long period. Average home prices rose 6% during that period to $256,119 while average price of all homes (including single-family homes, townhouses, and condominiums) increased 6.7% to $227,986.
The dollar volume of sales during the year increased 5.8%. In total, $865,433,572 worth of homes were sold in March 2016. Homes spend an average of 74 days on the market in Central Florida, which is a decrease from April 2015.