Central Florida Monthly Market Updates | Orlando Housing Market | Orlando Housing Prices | Affordable Housing in Orlando Florida
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.
Orlando Florida Regional Housing Market Update September 2015
The number of normal sales increased by 37.53% compared to a year ago while the number of short sales fell by 38.02%. Bank-owned sales increased by .75% over the same period. All of three of these are now established trends. Homes spent an average of
Orlando Florida Regional Housing Update August 2015
Overall sales were up a vigorous 33.28% from a year ago, but down 5.97% from last month. Single family home sales increased 33.73% while condo sales decreased by 20.26% as compared to last year. Townhome and Villa sales were up 48.33% from a year ago to 310. Sales of existing homes (i.e. excluding new construction) were
Orlando Florida Regional Housing Market Update May 2015
Normal (aka arms-length) sale inventory is up 20.85% and bank-owned inventory is now down 1.13% from a year ago. This is now the third month in a row this has dropped. This has not happened since the meltdown. Short sale inventory is again down 38.02% from a year ago. Single family home inventory is now up 6.22% from a year ago and condo
Orlando Florida Regional Housing Market Update April 2015
Overall sales were up 25.95% from a year ago, and up 27.23% from last month. The latter stat can be misleading since we are moving into the prime spring selling season. Single family home sales increased
Orlando Florida Regional Housing Market Update March 2013
The median price of a home rose 19.82% from a year ago to $133,000. The Orlando Florida metro area market has now posted positive year-over-year gains in price for 20 consecutive months. However, remember - the median price above
Orlando Florida Regional Housing Market Update March 2015
Overall sales were up 19.03% from a year ago, and up 12.12% from last month. Single family home sales increased 21.45% while condo sales increased by 6.85% as compared to last year. Of the 2,377 closed sales in February, 1,563 or 65.76% were “normal”, 137
The Orlando Florida Regional Housing Market Update February 2015
The average median price of all homes sales has risen 3.68% from a year ago to $155,000. The Orlando Florida metro area market has now posted positive year-over-year gains in price for 42 consecutive months. The year-over-year increase
The Orlando Florida Regional Housing Market Update November 2014
Overall sales were up 17.74% from a year ago and up 1.34% from last month. Single family home sales increased 18.28% and condo sales increased by 11.30% as compared to last year. Of the 2,807 closed sales in October, 1,913 or 68.15% were “normal”, 145 were short sales (5.17%) and 749 (26.68%) were bank-owned.
Orlando Florida Regional Housing Market Update September 2014
The average median price of all homes sales has risen 6.45% from a year ago to $165,000. The Orlando Florida metro area market has now posted positive year-over-year gains in price for 37 consecutive months. The year-over-year increase for single family homes was 6.05 percent. Condos went up 1.3%. However, remember - the median price above encompasses all sales. Individual categories can fluctuate within the median. However, this month, as was the case last
Orlando Florida Regional Housing Market Update August 2014
Again, the area inventory numbers continue to rise. There are now 12,093 on the market up from 11,518 homes last month. Last year at this time there were 8,099, a 49.31% increase in inventory from a year ago, and a 4.99% increase from last month. Normal sale inventory is up 53.52% and bank-owned
Orlando Florida Regional Housing Market Update July 2014
Overall sales were up 5.94% from a year ago and up 5.99% from last month. Of the 2,817 closed sales in June, 1,850 or 65.67% were “normal”, 220 were short sales (7.81%) and 747 (26.52%) were bank-owned. The number of normal sales increased by 11.31% compared to a year ago and the number of short sales fell by 57.20%. Bank-owned sales increased by 54.66% over the same period.
The Orlando Florida Regional Housing Report Update June 2014
This represents a full 50% increase in inventory from a year ago, and a 2.45% increase from last month. Single family home inventory is up 53.27% from a year ago and condo inventory is up 38.56%. The inventory number includes 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 appears to be the inventory bottom, there were 6,937. This inventory is what is reflected on the Multiple Listing Service (MLS). While it is
The Orlando Florida Regional Housing Market Update May 2014
Of the sales in April, 1,766 or 67.15% were “normal”, 238 were short sales (9.05%) and 626 (23.80%) were bank-owned. The number of normal sales increased by 9.55% compared to a year ago and the number of short sales fell by 59.39%. Bank-owned
The Orlando Florida Regional Housing Market Update April 2014
Of the sales in March, 1,603 or 68.45% were “normal”, 186 were short sales (7.94%) and 553 (23.61%) were bank-owned. The number of normal sales increased by 3.69% compared to a year ago and the number of short sales fell by a massive 68.37%. Bank-owned sales decreased by 3.99% over the same period. The trend of the number of short sales falling faster
Orlando Florida Regional Housing Market Update March 2014
Single Family Home sales decreased by 16.71% over a year ago, but up 2.81% from the previous month. Condo sales were down 18.40% and villa/townhome sales decreased this month by 19.91%. Homes spent an average of 76 days on the market in February – four days more than last month and just a bit more than a week less than a year ago. The average home sold for
Orlando Florida Regional Housing Market Update February 2014
Overall sales were down 10.67% from a year ago and down 26.32% from last month. Reflecting the holiday season wherein many would-be Buyers are distracted with holiday preparations and goings-on, a drop in sales is not unusual for January. Of the sales in January, 1,126 or 62.56% were “normal”, 211 were
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