Orlando, Florida Housing Market Report ~ for May 2017

By
Real Estate Agent with TEAMCONNECT REALTY - (407) 394-9766

The June 15, 2017 ORRA - Orlando Regional REALTORS ASSOCIATION Housing
Market Report, covering 4 counties (Lake, Orange, Osceola, Seminole) -  gave the following information.

   *Orlando home sales increased 14% in May 2017 compared to May 2016
   *Median price jumped 7.4%
   *Inventory dropped 16.8%
   *Small increase of 1.2% homes available May 2017 compared April 2017
   *Interest Rates dip from 4.11% to 4.09% (May 2017 compared April 2017

   *Distressed homes (foreclosures/short sales) 31% less than May 2016
                     only 276....
  *Overall Inventory of Homes decreased 16.8% compared to May 2016
               16.2% fewer single homes
               22.5% fewer condos
  *Current Inventory:   2.30 month supply of homes in Orlando (May 2017)
                                          3.15 month supply of homes (May 2016)

ORRA sales


*Corrected monthly sales. **No longer includes listings with a status of "Active with Contract." Complete stats and data may be found under Market Info at orlandorealtors.org. Comments or suggestions? Contact Mike Blinn, Statistician.

Market Pulse™ data represents all listings taken or sold by ORRA brokers, regardless of location and is exclusive to residential property, which includes townhomes, duplexes, single-family homes, and condos. It does not include vacant land or commercial transactions.

                                  ~ Thank you to all my friends and acquaintances.  ~

 

JANE CHAULKLIN-SCHOTT,   Orlando REALTOR

 TeamConnect Realty - CENTRAL ORLANDO, FLORIDA

  Call/Text:   (407) 394-9766

                    Email:     Jane@LuxuryCentralFloridaHomes.com   

                          Website: https://TeamConnectHome.com

 

Posted by

Jane Chaulklin-Schott, Realtor    (407) 394-9766
                   TEAMCONNECT  REALTY  -  CENTRAL  ORLANDO,  FLORIDA

  * Windermere,   Dr. Phillips,   Orlando,   Winter Garden,   Reunion Resort*   Golden Oak ,  Ocoee, Clermont~
www.TeamConnectHome.com 
Email:  Jane@LuxuryCentralFloridaHomes.com 


   "We will chase Perfection and find Excellence in the process."
       (Vince Lombardi - late Green Bay Championship Football Team Coach)       

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Rainmaker
2,539,366
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable information for home buyers and sellers in the Orlando, Florida real estate market place.

Jun 22, 2017 04:07 AM #1
Rainmaker
1,615,788
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

It's always good to be in the know. Thanks for keeping us in the loop!

Jun 22, 2017 09:51 AM #2
Rainmaker
753,739
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Hi Myrl Jeffcoat, our office and agents are quite busy. Remember the years when we used to have 9 to 12 months projected inventory each and every month and an overload of distressed foreclosures and short sales...Just not the case today. 

Jun 22, 2017 04:05 PM #3
Rainmaker
753,739
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Yes, Jeremy K. Frost,  it is very important for a buyer today to be prepared and have all pertinent and informative  information available.  The Orlando Regional REALTOR Association (ORRA) does an exceptional service with its monthly housing market report.

Jun 22, 2017 04:29 PM #4
Rainmaker
5,383,591
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Many Maryland residents are relocationg to Florida.

Jun 24, 2017 09:06 AM #5
Rainmaker
753,739
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Yes, Roy...We have many people from the northern states contact us and especially following one of their huge snowstorms :) We do have beautiful winters down here in Florida. Perfect time to get in a lot of golfing, too.

Jun 24, 2017 03:45 PM #6
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Sep 11, 2019 07:53 AM #37
Anonymous
Pinoy Tambayan

very important article. thanks for sharing such a great information.
Pinoy Tambayan

Sep 11, 2019 12:38 PM #38
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Rainmaker
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Jane Chaulklin-Schott

TeamConnect Luxury Homes - Orlando, Florida, 32836
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