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.
January continues the significant decline in residential inventory in the Orlando market. Sixteen out of the last 18 months has seen Orlando’s housing inventory decline. Currently there are now only 9,258 housing units on the market through the Orlando Regional Multiple Listing Service - down from 9,732 last month. Last January
Overall inventory is down 35% from a year ago and 4% from last month. Single family inventory is down 34.5% and condo inventory is down 32.1% compared to a year ago. The current pace of sales equates to only 4.58 months worth of supply. Six months
The latest housing market data are in for Central Florida, including Lake Mary Florida, Longwood Florida, and Sanford Florida. Here are the highlights taken from the Orlando Realtor Regional Board for September 2011: Iventory September 2011 marks the 15th consecutive month of inventory decline in the Orlando market. Currently there are now only 9,931
Once again the downward trend of inventory continues! Currently there are now only 10,055 housing units on the market through the Orlando Regional Multiple Listing Service – a drop of more than 1,425 units from April’s 11,480 and almost 300 fewer homes than were available last month. This equates to a 40% drop in inventory from a year ago. Last year at this time there were 16,535 homes on the market. For other comparisons
Again the downward trend of inventory continues! Currently there are now only 10,349 housing units on the market through the through the Orlando Regional Multiple Listing Service – a drop of more than 1,100 units from April’s 11,480 and 210 fewer homes than were available last month. This equates to a 53% drop in inventory from a year ago. For comparisons, last
The significant downward inventory trend continues! Currently there are now only 10,559 housing units on the market through the Orlando Regional Multiple Listing Service – a drop of almost than 1,000 units from April’s 11,480 and 400 fewer homes than last month. The inventory is 35% less than it was a year ago. This is a continuation of the trend that began in June 2010 when there were more than 16,300 units
The drop in inventory has led to the third month in a row of price increases. The median price of an existing home rose to $105,000 from last month’s 103,000 and February’s $96,000, but still down 8.7% from a year ago.
Remember - the median price above encompasses all sales. The median price for Bank Owned properties’ was $80,000, unchanged from last month but $6000 more than February. Short Sales’ median came in at $91,000, down from $102,500, last month. Normal sales price continues to lead the median price breakout with
The downward inventory trend continues. Currently there are now 12,533 housing units on the market through the Orlando Regional Multiple Listing Service – another drop of nearly 1,000 units from February’s inventory and 23% fewer than a year ago. This is a continuation of the trend that began in June 2010 when there were more than
February sales were up 10.5 percent over February 2010 and there were 44 more closings in February, than there was in January. As has been the trend for some time now, Bank-owned sales led the break out of sale-types with 1,041. Normal sales accounted for 553 closings and short sales came in at 491. This continues the newly formed trend whereby short sales and “normal sales” are nearly even
Currently there are now 14,398 “units” on the market through the Orlando Regional Multiple Listing Service. This is another decrease of 595 units from December’s inventory and continues the trend that began in June when there were more than 16,300 units on the market. The inventory for this December was 9.5% less than a year ago. For a comparison, in December of 2008, there were 22,524 units on the market.
There are 11,919 single family homes on the market – another 303 fewer
Orlando Florida Housing Update: Currently there are now 14,993 “units” on the market through the Orlando Regional Multiple Listing Service. This is another decrease of 199 units from November’s inventory and continues the trend that began in June when there were more than 16,300 units on the market. The inventory for this December was 3.5% less than a year ago and this is the first time the inventory has been below 15,000 in years. For comparison, in December of 2008, there were 22,524 units on the market.
Currently there are now 15,192 “units” on the market through the Orlando Multiple Listing Service. This is another decrease of 249 units from October’s inventory and November 2010’s inventory is 810 units lower than it was in November 2009. This is the 4th month in a row that overall inventory has decreased, and it continues the trend of declining inventory year over year.
There are 12,083 single family homes on the market – virtually unchanged
The latest data in are in: Here are the highlights taken from the Orlando Realtor Regional Board for October 2010: Orlando home sales in October slowed somewhat. There were 2,374 (revised) closed sales in September – but only 1,848 in October, a decrease of 526 and almost 21% fewer than a year ago.
To date, Orlando area home sales are up over 26% compared to this time last year.
The number of “Normal sales” - those between a willing homeowner and willing buyer – continues to trail bank-owned and short sales – with normal sales accounting for 32.74% of all sales (up by just over 4% from last month) and the latter groups making up 67.26%....
Inventory rose again last month to 7,616 homes from 7,272. It appears the lack of inventory bottomed out at 6,937 in March. The inventory includes single family homes, condos, duplexes and townhomes. A year ago the inventory was