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 Report January 2014
The current pace of sales equates to 3.97 months of supply, down from 4.65 months of supply last month and 4.1 months of supply the previous month. This is an undersupply market. Supply is tied to both inventory and pace of sales. Six months of supply is generally considered balanced. Under normal economic conditions
Orlando Florida Regional Housing Update December 2013
Single family home inventory is up 21.77% from a year ago and condo inventory is up 19.67%. Much of the rise in inventory numbers is coming from the new housing starts found around the area along with Sellers who have been stuck with their homes for the past 6+ years due to the housing crash. The current pace of sales equates to 4.65 months of supply, up from 4.1 months of supply last month and 3.8 months of supply the previous month. As would be expected, the supply number is increasing with the rapid
Orlando Regional Housing Market Update November 2013
The median price of a home has risen 26.12% from a year ago to $154,500 The Orlando Florida metro area market has now posted positive year-over-year gains in price for 28 consecutive months. However, remember - the median price above
Orlando Florida Regional Housing Market Update October 2013
The median price of a home in the Orlando Florida area has risen 24.48% from a year ago to $155,475. The Orlando Florida metro area market has now posted positive
Orlando Florida Regional Housing Market Update September 2013
Single family home inventory is up 5.26% from a year ago and condo inventory is up 4.61%. The current pace of sales equates to only 3.04 months of supply, up slightly from last month’s 2.86. Supply is tied to both inventory and
Orlando Florida Regional Housing Market Update August 2013
Inventory rose substantially this past month to 8,099 from 7,616 homes last month. This is the 4th consecutive month that the inventory has risen and represents 1,162 more homes on the market than 4 months ago and is almost the same inventory number as a year ago. At this time, it appears the inventory numbers bottomed out at
Orlando Florida Regional Housing Market Update July 2013
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
Orlando Florida Regional Housing Market Update June 2013
There were 2,855 closings in May, a 15.63% increase from a year ago. Of the sales in May, 1,696 or 59.40% were “normal”, 620 were short sales (21.72%) and 539 (18.88%) were bank-owned. The number of normal sales increased by 44.96% compared to a year ago and the number of short sales fell by 8.98%. Bank-owned sales decreased by 12.78%. This continues the now-standing long-term trend of normal sales taking more and more of the sales total than those sales under distressed conditions. Single Family Home sales increased by 16.63% over
Orlando Florida Regional Area Housing Update May 2013
The median price of a home rose 23.93% from a year ago to $145,000. The Orlando Florida metro area market has now posted positive year-over-year gains in price for 22 consecutive months. However, remember - the median price above encompasses all sales. Individual categories can fluctuate within the median. However,
Orlando Florida Regional Housing Market Update April 2013
The median price of a home rose 21.74% from a year ago to $140,000. The Orlando Florida metro area market has now posted positive year-over-year gains in price for 21 consecutive months. However, remember - the median price above encompasses all sales. Individual categories can fluctuate within the median. However, this month, as was the case last month, prices year over year rose in all categories. Normal sales rose 11.99% to $173,590, short sales rose
Orlando Florida Regional Housing Market Update February 2013
There were 1,923 closings in January, an 11.09% increase from a year ago. Of the sales in January, 954 or 49.61% were “normal”, 455 were short sales (23.66%) and 514 (26.73%) were bank-owned. The number of normal sales increased by a whopping 51.43% compared to a year ago and the number of short sales fell by 30%. Bank-owned sales increased by 13.97%. This reflects the trend of normal sales increasingly taking more and more of the sales total than those sales
Orlando Florida Regional Housing Market Update January 2013
The distinct and long-term downward trend for inventory levels continues in December. Twenty-five out of the last 29 months now have seen Orlando Florida’s regional housing inventory decline. Currently there are now only 7,384 housing units on the market through the Orlando Regional Multiple Listing Service – down from 7,847 last month and down from 9,258 last January. This includes
Orlando Florida Regional Housing Market Update DECEMBER 2012
After last month’s slight increase, this month brings a pronounced drop in inventory – almost 2.5% in one month. Thus, twenty-four out of the last 28 months now have seen Orlando Florida’s regional housing inventory decline. Currently there are now only
Orlando Florida Regional Housing Market Update November 2012
There were 2,434 closings in October in the Orlando Florida Regional Market, a 6.01% increase over September, and a 14.17% increase from a year ago. Of the sales in October, 1,148 or 47.17% were “normal”, 725 were short sales and
Orlando Florida Regional Housing Market Update October 2012
After last month’s slight increase, this month resumes the overall long term trend of declining inventory. Twenty-three out of the last 26 months now have seen Orlando Florida’s housing inventory decline. Currently there are now only 8,073 housing units on the market through the Orlando Regional Multiple Listing Service - down from...
Orlando Florida Regional Housing Market Update September 2012
There were 2,634 in August, a 5.36% increase over last August and a 10.59% hike over last month. Of the sales in August, 1,265 or 48.03% were “normal”, 610 were short sales and 759 were bank-owned. This continues the trend
Orlando Florida Regional Housing Market Update August 2012
Inventory has dropped again. This continues the long-term decline in residential inventory in the Orlando market. Twenty-two out of the last 24 months has seen Orlando Florida’s housing inventory decline. Currently there are now only
Orlando Florida Regional Housing Market Update July 2012
Overall inventory is down almost 23% from a year ago. Single family inventory is down 26%. The current pace of sales equates to only 3.22 months worth of supply – the lowest yet and down again from last month’s 3.53. This supply shortage hasn’t been seen since 2005. Six months of supply is generally considered balanced. Under normal conditions, anything above six months is generally considered
Orlando Florida Regional Housing Market Update June 2012
There were 2,337 home sales in the Orlando Florida Region in May a drop of more than 5% from last May and a decrease of a little more than 4% from last month. Of the sales in May, 1,107 were “normal”, 642 were short sales and 588 were bank-owned – marking almost an even split between normal...
Orlando Florida Regional Housing Market Update March 2012
Home sales were up just under 7 % over last month. However, home sales dropped by almost 15% in February compared to a year ago. A closer look at the numbers however, reveal that the drop in condo sales was almost 35% and single family homes almost 3%. Of the 1,854 sales in February, 738 ....
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