Central Florida Real Estate Market Recap - February 2021

Posted by Florida Realty Marketplace on Friday, February 19th, 2021 at 12:22pm

During the First Month of 2021 the Orlando Housing Market Remained Strong


January 2021 Recap

State of the Market

  • There are fewer homes on the market to start off in 2021. More people are moving to Central Florida, furthering the gap between supply and demand. The Orlando metropolitan area gained 60,977 new residents in 2020, the most in the last five years.
  • Buyers are quickly snatching up available homes. In January, homes spent an average of just 40 days on the market versus 60 days in January 2020.
  • “Sellers definitely have the upper hand right now. Inventory is down significantly from a year ago, and we’re seeing this continued influx of people moving to Central Florida. Buyers need to be pre-approved and ready to make an offer on a home they like, as the competition for homes is fierce,” said Natalie Arrowsmith, 2021 Orlando Regional REALTOR® Association President, NextHome Arrowsmith Realty.

Market Snapshot

  • ORRA members sold 2,727 homes in January 2021, an increase of 20% over January 2020.
  • The median sales price for January 2021 was $275,000, up 12% from January 2020.
  • Listings spent an average of 40 days on the market until contract in January 2021, a drop of 33% from January 2020.

Inventory

  • The Orlando area inventory is down 40% from 7,030 homes in January 2020 to 4,233 homes in January 2021.
  • The number of new listings decreased 5% from 3,579 homes in January 2020 to 3,394 homes in January 2021.

Sales Details by County

MSA Numbers  

Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, Polk and Seminole counties) in January were up by 15.7% when compared to January of 2020.

Lake
Orange
Osceola
Seminole
Polk
11.7%
16.6%
17.9%
12.7%
19.8%
Above January 2020
Above January 2020
Above January 2020
Above January 2020
Above January 2020

 

 

Homes for Sale in Davenport FL - Click Here to Search All of Davenport


New
412 Button Sage Lane, DAVENPORT
  • Residential
  • 3 Beds
  • 2 Baths
  • 1,302 SqFt

412 Button Sage Lane, DAVENPORT

$237,990
627 Paloma Drive, DAVENPORT
  • Residential
  • 4 Beds
  • 3 Baths
  • 1,542 SqFt

627 Paloma Drive, DAVENPORT

$245,000
New
443 Haversham Way, DAVENPORT
  • Residential
  • 3 Beds
  • 2 Baths
  • 1,268 SqFt

443 Haversham Way, DAVENPORT

$245,000

 

 

 

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Listing information last updated on March 7th, 2021 at 12:31am EST.

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