MONTHLY HOUSING MARKET UPDATES
These days, the Central Florida real estate market is ever-changing - on nearly a daily basis. Right now, short sales, foreclosures and bank owned properties dominate the marketplace. But are they really a good deal? Are prices going down or up? How much inventory is out there? What is the average price of a home here in Central Florida? What are the latest trends?
During the month, many various organizations send us information, opinions and editorials and statistical data specific to the Central Florida real estate marketplace.
Each month we compile, edit, and interpret the various pieces sent to us and condense them into a report which we hope you will find useful.
There were 2,521 (actual sales from MLS listings) in February – an increase of 11.1% over last month, and 4.4%
Single family home inventory represents the vast bulk of the inventory and dropped to 5,394 – just slightly down from 5,426 last month. This represents a .59% decrease from last month, and a
There were 3,020 (actual sales from MLS listings) in December – a significant increase of 11.56% over last month (2,671) and whopping
Inventory decreased over the past month to 7,562 units representing a 3.5% reduction from last month and a 10.3%
The median (usually close to the average) price of all homes sales
There were 2,972 (actual sales from MLS listings) in September. This is a 12.5% decrease (from 3,385) from last month but a 7.1% increase from last year. Single family home sales increased
The median (usually close to the average) price of all homes sales rose 8.7% to $250,000 from a year ago. This represents a 1.1% increase from last month. The year over year median price for a single family
Inventory decreased over the past month to 7,998 units – down from last month. This represents an decrease of less than 1% from last month and a 5.9% decrease from a year ago. A year ago there were 7,525 units and
There were 3,790 closings (actual sales from MLS listings) in May, an 11% increase over last year at this time, and a 12.1% increase over last month. This snaps the six month
Sales of existing homes in the entire Orlando MSA are down 2.1% from a year ago. Looking at various price points, it appears now that homes under $600,000 still favor sellers while homes above that price point now favor buyers......
There were 3,127 closings (actual sales from MLS listings) in March, a 11.5% decrease from a year ago. This marks the fifth month
There were 2,402 closings (actual sales from MLS listings) in February, a 5.4% decrease from a year ago. This marks the fourth month in a row
Inventory has increased over the past month to 8,243 from 7,782 in December, a 4.7% increase. This also represents an 8.4% increase in housing units available over this time last year. One year ago there were 7,604 available. Two year
This issue includes a 2018 Sales and Price Recap at the end of this report. Inventory decreased to August 2018 levels from 8,432 units in November to 7,782 in December – a 6.6% decrease. Despite this decrease, this
Inventory rose again this this month by 2.2% over last month from 8,092 units to 8,272 this month. The number has not been at this level since sometime in November of 2017. However, this is still
There were 2,768 closings (actual sales) in September, a 8.5% increase from a year ago, but down a whopping 18.1% from last month. Single family home sales increased 7.6% and condo sales were up
The median (usually close to the average) price of all homes sales rose 2.7% from a year ago to
Of the sales in July, 96.4% were normal, arms-length transactions – indicative of a normal housing market as it relates to the quality of buyers. Sales of existing homes in the entire Orlando MSA were down 3.4% from a year ago. Year to date, sales are
There were 3,407 closings (actual sales) in May, down 11.4% from a year ago but
There were 3,347 closings (actual sales) in April, up 8.03% from a year ago and down 5.2% from last month. Single family home sales increased