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CENTRAL FLORIDA

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.

 


The Orlando Florida Regional Housing Market Update November 2017

A year ago the unadjusted inventory was 10,025 and two years ago it was 11,441. For further comparison:  In December of 2008, there were 22,524 on the market. In March 2013, which was where inventory bottomed out, there were only 6,937.  

Single family home inventory is down 12.5% from a year ago, and the condo inventory is down by 28.2%.   


The Orlando Florida Regional Housing Market Update October 2017

Hurricane Irma had some impact upon the Orlando, Florida area real estate market in September.  Sales were delayed due to power outages and the inability to bind insurance resulting in more than one thousand fewer closings in September vs. August.  Inventory numbers were altered as


The Orlando Florida Regional Housing Market Update September 2017

There were 3,544 closings (actual sales) in August.  This is up 2.7% from a year ago and 4.8% higher than the previous month. Single family home sales increased 1.3% and condo sales were up 2.9% compared to a year ago.  Of the sales in July, 94.2% (3,340) were normal, arms-length transactions. Short sales


The Orlando Florida Regional Housing Market Update August 2017

There were 3,347 closings (actual sales) in July – another slight decrease of .2% from last month, and down 13.8% from a year ago. Single family home sales decreased .9% and condo sales were up 6.1% compared to a year ago.   Of the sales in July, 94.0% (3,145) were normal, arms-length


The Orlando Florida Regional Housing Market Update July 2017

There are now 9,141 homes on the market in the Orlando area – a gain of 4.1% from last month – but still


Orlando Florida Regional Housing Update June 2017

There were 3,817 closings (actual sales) in May – an increase of 23.5% from last month, and up 14.0% from a year ago.   Single family home sales increased 13.2% a.....


Orlando Florida Regional Housing Market Update May 2017

Normal (aka arms-length) sale inventory is down 13.0% from last year and bank-owned inventory is now down by 44.2% from a year ago.  This is the twenty-sixth month in a row the bank-owned inventory number has dropped.  Short sale inventory declined again and is now down by 69.2% from a year ago.

It now appears that short sales and foreclosures are no longer influencing the overall Orlando housing market. Recent articles have pointed out that in most places in


The Orlando Florida Regional Housing Market Update April 2017

What is notable in the above statistics is that all over the Orlando MSA there have been numerous housing starts and new communities developed. Despite the new inventory from numerous new home builders – which does not typically show up on the


The Orlando Florida Regional Housing Market Update March 2017

The median (usually close to the average) price of all homes sales rose 10.8% from a year ago to $205,000. This resumes the previous 61 month record of rising prices for the Orlando MSA. Sixty-six of the past 67 months have seen year over year price increases in the Orlando MSA.       

Remember however - the median price above encompasses all sales types. Individual types fluctuate at different rates. The median price


Orlando Florida Regional Housing Market Update February 2017

The current inventory is 13.4% lower than last year at this time when adjusted for the aforementioned change (20.7% unadjusted) and down by .5% from last month.   These inventory numbers include all homes: single family homes, condos, duplexes and townhomes.  For comparison:  In December of 2008, there were 22,524 on the market. In March 2013, which was where inventory bottomed out, there were only 6,937. Normal (aka arms-length) sale inventory is down 13.5%


The Orlando Florida Regional Housing Market Update January 2017

There are now just 8,590 homes on the market, down from 9,270 last month and 10,025 the month before.  A year ago this month there were 10,364.  Two years ago there were 11,557 on the market.  The current inventory is 19.20%


The Orlando Florida Regional Housing Market Update December 2016

Inventory numbers moved downward again this month.  The number is a seemingly significant drop, but really doesn’t depart from the general slow and steady decline over the past six or so months.  This is because one of the designations used during the real estate melt-down was removed this past month by the Multiple Listing Service.  This long-anticipated move took a significant number of properties from the “Active”,


Orlando Florida Regional Housing Update November 2016

There were 2,654 closings (actual sales) in October – a decrease of 7.75% from a year ago and down 14.66% from a year ago.  Single family home sales decreased 6.38% and condo sales were down 14.03% compared to a year ago. Of the sales in October, 88.09% (2,338) were normal, arms-length transactions. Short sales made up only 2.83% (75) and Bank Owned properties rounded

 


The Orlando Florida Regional Housing Update October 2016

There were 3,091 closings (actual sales) in September – an increase of 2.59% from a year ago but down 10.43% from a year ago. Single family home sales increased 1.43% and condo sales were up 6.51% compared to a year ago. Of the sales in September, 89.49% (2,766) were normal, arms-length transactions. Short sales made up only 2.75%


Orlando Florida Regional Housing Market Update August 2016

Normal (aka arms-length) sale inventory is up 1.01%% from last year and bank-owned inventory is now down again by 66.79% from a year ago. This is the seventeenth month in a row this inventory number has dropped. Short sale inventory declined again and is down by


The Orlando Florida Regional Housing Report Update July 2016

The median (usually the average) price of all homes sales rose 15.00% from a year ago to $207,000, and up 1.93% from last month. The Orlando Florida metro area market has now posted positive year-over-year gains in price for 59 consecutive months.  However, remember - the median price above encompasses all sales types. Individual types fluctuate at different rates. The median price for a normal-sale single family existing home was 


The Orlando Florida Regional Housing Market Update June 2016

Normal (aka arms-length) sale inventory is up 1.68% from last year and bank-owned inventory is now down again by 65.96% from a year ago. This is the fifteenth month in a row this inventory number has dropped. Short sale inventory declined again and is down by 47.40% from a year ago. Single family home inventory is down 9.08% from a year ago, and the condo inventory is down by 16.64%. The inventory of duplexes, townhomes and villas is


The Orlando Florida Regional Housing Market Update May 2016

The median (usually the average) price of all homes sales rose 9.66% from a year ago to $191,900, and up 1.59% from last month. The Orlando Florida metro area market has now posted positive year-over-year gains in price for 57 consecutive months. However, remember - the median price above encompasses all sales types. Individual types fluctuate at different rates. The median price for a normal-sale single family existing home was $201,063 - a year


Orlando Florida Regional Housing Market Update April 2016

There were 3,022 closings (actual sales) in March – a decrease of 3.51% from a year ago, but an impressive 25.13% increase from February.   Single family home sales decreased 2.54% and condo sales


The Orlando Florida Regional Housing Market Update March 2016

The median (usually the average) price of all homes sales rose 12.19% from a year ago to $185,000, and up 2.78% from last month. The Orlando Florida metro area market has now posted positive year-over-year gains in price for



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: My Florida Regional MLS (updated 12/17/17)
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New Southern Properties Inc.
4300 West Lake Mary Blvd
Bldg 1010, #415
Lake Mary, FL 32746
Phone: 1-800-488-4847
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