Found 3 blog entries tagged as Real Estate Newsletter.

Central Florida Real Estate Market Recap of June 2022

Housing inventory jumped 41% in June with an additional 1,586 more homes on the market in June

June 2022 Recap

State of the Market

  • Inventory increased by 41.2% from May 2022 to June 2022, with 1,586 more homes on the market in June compared to May. This is the second month in a row with a surge in inventory, following May’s increase of 44.2%.
  • Inventory increased by 75.5% from June 2021 to June 2022, jumping from 3,098 homes in June 2021 to 5,437 in June 2022.
  • June’s median home price was recorded at $387,000, an increase of 1.9% compared to May 2022; this sets a record high for the fifth month in a row. This is a 22.9% increase from June 2021 to June 2022,…

2531 Views, 0 Comments

Read Full Post

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…

43504 Views, 0 Comments

Read Full Post

ORLANDO MEDIAN PRICE GAINS WHILE INVENTORY DROPS AND SALES HOLD STEADY

Orlando’s housing market in August saw both its largest increase (+9%) in year-over-year median price and its first inventory decline (-2%) in 2019. Sales were up a tiny fraction (+0.1) compared to August 2018.

“Orlando’s ongoing challenge with the lower-price range categories, which have solid demand and insufficient supply, is consequently pushing up home prices,” says Orlando Regional REALTOR® Association President Jeffrey M. Fagan, Watson Realty Corp. “In addition, while our local economic indicators — particularly very favorable interest rates — point toward a housing strong market, low supply that leaves first-time homebuyers with few options is restraining sales up the…

3740 Views, 0 Comments

Read Full Post