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Following the frenetic sales season, the Orlando real estate market experienced a much-needed breather. July experienced a 40% increase of transactions. Comparatively, the October market decreased by 3% in transactions.
Nonetheless, central Florida home values continue to increase. Compared to last October, home values increased by 12.5%. This is excellent news, because this increase actually marks the 51st consecutive increase of home values. Between July 2011 and October 2015, home value increased by a total of 56%.
Additionally, active listings in the Orlando market sell quickly. The average home in central Florida spent 71 days on the market before entering a contract. The average home sold for 96.7% of the listed price.
Over the last four months, we’ve noticed a dramatic decrease in inventory of single-family homes. Currently! ...

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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.&nb! ...

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Today, we're going to discuss the current market conditions here in Orlando.
Orlando's summertime sales stampede continued full-speed ahead through the month of July. We saw closing of existing home sales increase 33% in July of 2015 from July of 2014.
The good news is that the median sales prices also increased 8% year-over-year. That marked 48 consecutive months of year-over-year increases, meaning median home prices are 59% higher today than they were in 2011.
One of the main things driving the Orlando market is strong buyer demand, which has directly affected home inventory levels. Existing homes on the market decreased 2.27% from 2014. That's the first time that's happened in over two years. Right now, we have a 3.5 month supply of inventory, which indicates a very strong seller's market.
The average days on marke! ...

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The Orlando market has continued its onward charge as of late and right now we are experiencing a very hot and very healthy seller’s market. Today we are going to give you a quick update on the scorching hot market, and let you know what to expect in the near future.


Over the last year, we have seen a huge leap in home sales. From June 2014 to June 2015, we saw a 21% increase in the number of home sales! Last month alone there were 3,435 homes put under contract, a record in Orlando.
 

In addition to this, the median home price in Orlando has also risen by about 7.73%, and now sits at $181,000. Right now, there are about 12,000 active listings on the market in Orlando, and the average home is spending 67 days on the market. That gives us 3.5 months of inventory, a strong sign of a seller’s market.


Right now in Orlan ...

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Welcome back, today we are discussing the latest market conditions in Central Florida. We saw steady appreciation of homes over the last year here in Central Florida, and the Orlando market is on a steady rise this year when compared to 2014. Here's what has happened in the last year:
Sales have increased by 10%
   
The average sale price has risen from $165,000 to $182,000
   
Since April of this year, home prices have increased by 4%

Most people think of foreclosures as a good deal, but that couldn't be further from the truth right now. Foreclosure prices have risen 18.6% in the last year alone, and there are much fewer distressed properties on the market than there were in the past.
Right now, we have about 12,000 properties on the market, putting us in a slight seller's market. However, buyers should be ...