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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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Orlando's median home price and inventory
maintain upward pattern in March 


April 2019 Recap

The Orlando housing market enjoyed a 2% increase in median price for the month of March, while year-over-year inventory rose 5% and experienced its fifth consecutive month of increase. Sales dropped 11% compared to last year.

However, Orlando home sales of all types leapt 30% compared to last month and condo sales soared a whopping 42 percent over February.

“Sales traditionally increase from month to month as the spring/summer homebuying season progresses. This year it appears that a powerful combination of more inventory and steady interest rates is driving a stronger-than-usual surge in buyer confidence,” says

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Here’s a look at the news and events that will shape housing and mortgage finance in the week ahead:

It’s a shortened market week for the Christmas holiday, but there are still a number of key metrics to look for this week.

On Tuesday the Federal Housing Finance Agency will release its house price index for the month of October. September’s report saw a 0.8 percent gain from August, and a 6.1 percent change on an annual basis. Analysts don’t expect much deviation from that range for October, and in fact there could be a TRID related bump owing to the increased interest in the run-up to TRID’s enactment in September.

Also on Tuesday, the National Association of Realtors will release its existing home sale numbers for November. Existing homes

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