If you need assistance, please call 407-603-9240

Perfect Storm Brewing in the Orlando Real Estate Market

Thursday, October 22, 2015   /   by Tom Nickley

Perfect Storm Brewing in the Orlando Real Estate Market

Want to sell your Orlando Home? Get a FREE home value report | Want to buy an Orlando Home? Search all homes for sale


After a record-breaking summer for real estate sales here in Orlando, we're experiencing the traditional autumn slowdown. However, sales are actually still up by 3% over September of last year. The median sale price has also risen for the 50th consecutive month! This is excellent news for homeowners in the area! In fact, home values have risen by nearly 60% since 2011.

The median sale price is $182,000, which is a 9% increase over last September. The total amount of closed transactions was 2,857, a 3% increase over last year. Traditional sales are up by 15%, and short sales have decreased by 50%.

The average days on market is 67 days, and homes are selling for about 97% of their asking price. These are great indicators of a healthy real estate market.

Inventory has increased by 6.36%, and this means that we have a 4 month supply of homes. This is a healthy seller's market, but with the Autumnal lull in business, buyers actually have a really nice opportunity in front of them to buy an affordable home.

Buyers can also expect a higher level of service because Realtors are less busy and they can spend more time meeting and exceeding all of your needs. Another thing to consider is that interest rates are still ultra-low. Here in Orlando you can find financing with a rate of only 3.8%.

We like to think of this market as the 'perfect storm'. Whether you're buying or selling, you'll find opportunities for a transaction that will benefit your needs.

If you have any questions, give us a call or send us an email. We look forward to hearing from you!

  market updates

The Nickley Group
Tom Nickley
11 S. Bumby Ave, Suite 200
Orlando, FL 32803

mls logo© 2024 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.4/21/2024 7:14 AM CST
This site powered by CINC: www.cincpro.com