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.
Inventories continue to trend steeply downward as buyers vie for homes. The Orlando area gained almost 61,000 new residents in 2020 – the highest number in the last five years. Multiple bids and sale prices...
There were 3,478 sales (actual closed sales from MLS listings) in September, which was 1...
Driven by low existing home inventory and ultra-low interest rates, new home inventory has continued to make up for the lack of existing inventory with
Single family home inventory is now down 32.7% from last year and down 5.02% from last month. Condo inventory and townhome inventory bucked...
The inventory has dropped again this month. There are now fewer homes available on the market (6,557) than there were in...
Surprisingly, inventory numbers dropped 5.2% from last month and...
As has been anticipated, inventory is again up from the previous month by
Before reporting the below, a few words about the elephant in the room aka The Big Real Estate Question: How will the SARS-CoV-2 virus and COVID19 pandemic ultimately affect the real estate market? As you may have
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