Found 6 blog entries tagged as Selling a home.

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 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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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…

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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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Sooner or later, most of us will find ourselves in the middle of a real estate transaction. We could be buying, selling, or inheriting real property. Or, we could be involved in a real estate dispute involving easement, for instance. Whether you’re a property owner, investor, developer, or a tenant, you will need a basic understanding of real estate law when dealing with issues related to real property.

Here are some of the things you need to know about real estate law.

Real estate law

Real estate law is usually defined as a branch of civil law that governs who may possess, use, and enjoy land and all its permanent man-made attachments.

In the United States, real estate law requirements vary considerably from state to state. That’s because all…

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One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. See 5 common mistakes for sale by owners make in 2017 . The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”(emphasis added)

Why…

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