Found 13 blog entries tagged as Newsletter.

Central Florida Real Estate Recap of January 2025

Sales slowed in January coming off of the holidays, which is typical for this time of year

State of the Market

  • New listings spiked 68.1% from December to January, with 4,220 new homes on the market in January, compared to 2,510 in December.
  • Inventory for January was recorded at 11,697, up 16.4% from December when inventory was recorded at 10,049.
    • This is the highest inventory since July 2015.
  • Pending sales rose by 24.8%, with 2,661 in December and 3,320 in January.
  • The median home price for January was recorded at $375,000, down from $380,000 in December.
  • January’s interest rate was recorded at 6.8%, up from 6.5% in December.
  • Homes…

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Central Florida Real Estate Recap of September 2024

Lower interest rates and rising inventory levels are setting the stage for a balanced Orlando housing market as we head through fall

State of the Market

  • Inventory for September was recorded at 11,560, up 0.4% from August when inventory was recorded at 11,511. This is the ninth month in a row inventory has risen. The last time inventory was this high was September 2015.
    • Inventory in September 2024 was 71.1% higher than in September 2023.
  • September’s interest rate was recorded at 5.9%, down from 6.1% in August. This is the lowest interest rates have been since August 2022.
  • Homes spent an average of 58 days on the market (DOM) in September – up…

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Central Florida Real Estate Recap of June 2024

June 2024 had the Highest monthly median home price on record in the Orlando area

State of the Market

  • The median home price for June was recorded at $395,000, up from $385,000 in May. This is the highest monthly median home price on record in the Orlando area. This is the second time in 2024 the record has been broken.
  • Inventory for June was recorded at 10,796, up 5.0% from May when inventory was recorded at 10,282. This is the sixth month in a row inventory has risen. The last time inventory was this high was November 2015.
  • Overall sales fell 10.6% from May to June. There were 2,601 sales in June, down from 2,909 sales in May. This breaks a four-month…

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Central Florida Real Estate Recap of February 2024

New Orlando Regional REALTOR® Association data shows a Rise in the Median Home price.

State of the Market

  • Overall sales rose 26.5% from January to February. There were 2,174 sales in February, up from 1,719 sales in January. This comes after eight months of falling sales.
  • The median home price for February was recorded at $377,000, up from $360,000 in January. This comes after three months of falling median home price.
  • Pending sales increased by 17.8%, with 3,303 in January and 3,891 in February.
  • New listings rose 7.8% from January to February, with 3,799 new homes on the market in February, compared to 3,524 in January.
  • Inventory for February was…

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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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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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ORLANDO MEDIAN PRICE AND INVENTORY RISE AS SALES SLIP IN JUNE

Orlando’s housing market enjoyed year-over-year increases in both median price and inventory in June, while sales took a bit of a slide during the peak of our traditional homebuying season. 
 
“We are expecting June’s 2% decline in sales to reverse itself in the coming months as families seek to close on their new homes before the start of the school year,” says Orlando Regional REALTOR® Association President Jeffrey M. Fagan, Watson Realty Corp. “In addition, we anticipate an eagerness to take advantage of favorable conditions such as falling mortgage rates and small-but-steady increases in the inventory of homes available for purchase in the Orlando area.” 

June Housing Market…

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Real Estate Market Update

Orlando's housing market cools in advance of summer 

April 2019 Recap

After 93 months of consecutive year-over-year increases in median price, the Orlando housing market saw its first decline in April. The decrease was only 1% but it comes at the start of our traditional summer selling season, which typically sees jumps in both median price and sales.

According to the latest monthly report from the Orlando Regional REALTOR® Association, the median price (the figure at which half of the homes sold for more and half sold for less) was $235,000.

The report also shows 3,315 homes were sold in April compared to 3,371 for a 2% decrease. The decline can be…

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Central Florida Real Estate News
March 2019

March 2019 Recap

The Orlando housing market saw its median price continue a years-long upward trek with an economically healthy 3 percent year-over-year increase in February. Sales dipped a fraction and inventory increased for the fourth consecutive month, just in time for the start of Orlando’s homebuying season. 

“March and April typically herald the beginning of our most active period, when a great many prospective buyers begin getting serious about being settled into a home before the new school year,” says Orlando Regional REALTOR® Association President Jeffrey M. Fagan, Watson Realty Corp. “Despite a decrease in year-over-year sales, greater inventory combined with moderated prices…

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