Found 8 blog entries tagged as Monthly Newsletter.

Central Florida Real Estate Recap of October 2024

Orlando saw a Drop in the nine-month streak of rising inventory in October, even as interest rates rose back into the 6.0s

State of the Market

  • Inventory for October was recorded at 11,357, down 1.8% from September when inventory was recorded at 11,560. This breaks a nine-month streak of rising inventory.
    • Inventory in October 2024 was still 45.4% higher than in October 2023.
  • October’s interest rate was recorded at 6.4%, up from 5.9% in September.
  • The median home price for October was recorded at $388,990, up from $380,000 in September.
  • Homes spent an average of 60 days on the market (DOM) in October – up slightly from 58 in September.
  • …

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Demand remains so high, new listings are snatched up almost as soon as they’re on the market.

May 2021 Recap

State of the Market

  • Median home prices in the Orlando area are now at their highest in ORRA’s recorded history. In May 2021, the median home price was $300,000, up 15% from May 2020.
  • While inventory is on the rise for the first time since September 2020, listings in May 2021 spent only 36 days on the market – the fastest time frame since the Great Recession from 2007-2009.
  • A fall in sales from April 2021 to May 2021, due to inventory shortages, is in line with national trends, reported by the National Association of REALTORS®. Both nationally and in the Orlando area, housing demand continues to dramatically…

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ORLANDO MEDIAN PRICE RISES IN OCTOBER WHILE SALES AND INVENTORY DROP

October 2019 Recap

Orlando’s housing market in recorded a 6% year-over-year increase in median price and a small 1% decrease in sales in October. The inventory of homes available for purchase appears to be back on a declining trend, with a decrease (5%) for the third consecutive month.

“Low inventory translates into opportunity for sellers,” says Orlando Regional REALTOR® Association President Jeffrey M. Fagan, Watson Realty Corp. “Declining interest rates mean greater purchasing power, which is alluring to buyers, and our local demand is illustrated by an 8 percent increase in pending sales for October.”

“The holidays and wintertime are actually excellent times to list a…

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