Central Florida Real Estate Market Recap of April 2022

April’s median home price was recorded at $370,000. This sets a record high for the third month in a row.

April 2022 Recap

State of the Market

  • April’s median home price was recorded at $370,000, an increase of 2.5% compared to $361,000 in March 2022; this sets a new record high for the third month in a row.
  • Interest rates increased by 17.6% from 4.2% in March 2022 to 4.9% in April 2022. This is a 66% increase compared to April 2021 when interest rates were at 3%.
  • Overall sales in April decreased by 7.3%, with a total of 3,800 sales compared to 4,100 sales in March 2022. This is a 7% decrease compared to April 2021 when overall sales were recorded at 4,081.

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Central Florida Real Estate Market Recap of March 2022

March’s median home price was recorded at $361,000. This sets a record high for the second month in a row.

March 2022 Recap

State of the Market

  • March’s median home price was recorded at $361,000, an increase of 4.6% compared to $345,000 in February 2022. This sets a record high for the second month in a row.
  • Interest rates increased by 8.7% from 3.9% in February 2022 to 4.2% in March 2022.
  • Overall sales in March increased by 28.2%, with a total of 4,100 sales compared to 3,198 sales in February 2022.
  • Homes spent an average of 27 days on the market in March, down 10% from February 2022 when the average was 30.
  • Inventory increased in March by 7.1% from…

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February’s median home price was recorded at $345,000, an increase of 2.99% compared to January 2022

February 2022 Recap

State of the Market

  • Overall sales in February increased by 5.44%, with a total of 3,198 sales compared to 3,033 sales in January 2022.
  • February’s median home price was recorded at $345,000, an increase of 2.99% compared to January 2022 and setting a new record high, surpassing December 2021’s record high of $340,000. The median home price in February 2021 was $280,000.
  • Homes spent an average of 30 days on the market in February, down slightly from January 2022 when the average was 32.
  • Inventory continued to drop in February, decreasing by 2.77% from January 2022 for a total of 2,313 homes on…

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December’s median home price was recorded at $340,000, closing the year with the highest median home price ever recorded.

Orlando Regional REALTOR® Association releases overall 2021 data, revealing a historic year of real estate in Orlando, including an all-time record low for inventory and an all-time record high for median home price.

2021 Annual Market Recap 

(Cumulative 2021 totals compared to cumulative 2020 totals)  

  • The overall median home price in 2021 was recorded at $310,000, a record high and a 17% increase compared to 2020 when the overall median home price was recorded at $265,000.
  • Overall sales in 2021 increased by 23.6% with a total of 45,572 sales. Overall sales in 2020 were recorded at 36,871.

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November’s median home price was recorded at $330,000, a new record high and increasing once again after October’s median home price was recorded at $325,000.

November 2021 Recap

State of the Market

  • November’s median home price was recorded at $330,000, a new record high and increasing once again after October’s median home price was recorded at $325,000.
  • Overall sales in November dropped by 2.55%, with a total of 3,664 sales.
  • Homes spent an average of 28 days on the market in November, up slightly from October 2021 when the average was 27.
  • Inventory continues to drop in November, decreasing by 10.57% from October to November, for a total of 3,046 homes on the market in November.
  • After the number of new listings…

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October’s median home price was $325,000. This is an increase after a slight drop in September to $318,000.

 

 

October 2021 Recap

State of the Market

  • October’s median home price was recorded at $325,000, increasing once again after a slight drop in September to $318,000. Orlando saw a 10-month steady increase in the median home price prior to September when the record high hit $320,000 in July (maintained in August).
  • Overall sales in October dropped by 0.77%, with a total of 3,760 sales.
  • Homes spent an average of 27 days on the market in October, the same amount as September 2021.
  • Inventory dropped for the first time in six months, decreasing by 7.12% from September to October, for a total of 3,406 homes…

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Housing Market Projections as We Near 2022Even though we a few months of 2021 remaining, real estate experts have already begun shifting their focus on 2022 and beyond. While there are many factors that influence the real estate market as a whole, there are several that have the greatest impact on the consumer and will affect buyers and sellers in the year to come. Let’s take a look at these factors and where they are projected to go in 2022. 

Interest Rates

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers looking for homes for sale in Haines City. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity. And while…

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September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021

 

 

September 2021 Recap

State of the Market

  • Orlando’s median home price dropped by $2,000 from last month. September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021. The median home price has steadily been increasing over the last 11 months when it was recorded at $269,950 in October 2020.
  • Overall sales in September dropped by 5.25%, with a total of 3,879 sales.
  • Homes spent an average of 27 days on the market in September, an 8% increase from August.
  • Inventory edged upward for the fifth straight month, rising by…

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Orlando’s median home price remained unchanged in August 2021 from the prior month – a record-high $320,000

August 2021 Recap

State of the Market

  • Orlando’s median home price remained unchanged in August 2021 from the prior month – a record-high $320,000. The median price is 16% higher than August 2020’s $275,000.
  • Sales fell for a second straight month this summer. In August 2021, sales dropped 4.4% from the previous month.
  • Homes spent just 25 days on the market in August 2021, which is a record low. That is half the time homes spent on the market during the same month in 2020.
  • For a fourth straight month, inventory increased, after reaching its lowest point in April 2021. This is in line with national trends…

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Is It Better to Buy or Rent in FloridaIf you are considering whether renting or owning one of the many homes for sale in Minneola, Fl is right for you, there can be a lot of factors affecting your decision. While each situation is unique, there are some advantages to both scenarios that will ring true across the board. Let's take a look at the advantages that both options provide to help you better understand what is right for you and your family.

Advantages of Renting

Avoiding Property Value Losses

One of the many benefits to renting a home is the protection from property value losses. While decline in property value is rare, especially in the recent real estate markets, outside factors can contribute to a home becoming less valuable over time. By renting the home you are not tied…

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