Summary JULY 2017
Orlando median price, sales on the rise and inventory slide decelerates
THE MEDIAN PRICE OF ORLANDO HOMES SOLD DURING THE MONTH OF JUNE INCREASED MORE THAN 7 PERCENT –
WHILE SALES LIKEWISE CLIMBED NEARLY 8 PERCENT COMPARED TO JUNE 2016.
Inventory continued its year-over-year slide but registered the smallest decline this year: 14 percent.
Look to see inventory increase in the months ahead.
Summary JUNE 2017
Sales and median price increase as interest rate dips during Orlando’s homebuying season
Orlando home sales increased 14 percent in May compared to May of 2016 while the median price jumped 7 percent. Inventory continued its year-over-year slide and dropped by 16.8 percent, but a small relief was found in the 1 percent increase in the number of homes available in May compared to April.
Summary MAY 2017
Orlando median home price continues upward climb as sales and inventory dip
Orlando home sales declined 4 percent in April compared to April of 2016, in large part the result of sustained declines in the number of homes available for purchase. Orlando’s skimpy inventory also continued to push prices upwards, with the area’s year-over-year median home price again hitting a double-digit increase.
Summary APRIL 2017
Sales activity versus available inventory drives Orlando’s supply of homes to its lowest point since 2013.
Buyer activity during the month of March pushed the supply of homes available for purchase in Orlando to just 2.48 months’ worth, the lowest since May of 2013. Housing economists consider six months of supply to indicate a market that is balanced between buyers and sellers.
Summary MARCH 2017
Orlando median price jumps 11 per cent – sales hold steady while inventory plummets.
THE ORLANDO HOUSING MARKET EXPERIENCED INCREASES IN BOTH MEDIAN PRICE and SALES IN FEBRUARY, WHILE INVENTORY OF HOMES AVAILABLE FOR PURCHASE SHRANK BY 21 PER CENT IN COMPARISON TO FEBRUARY OF 2016.
Summary FEBRUARY 2017
Orlando home sales increase 2 percent as median price jumps 11 percent in January!
The Orlando housing market experienced increases in both median price and sales in January, while the pool of available homes for purchase shrank by 21 percent in comparison to January of last year.
Summary JANUARY 2017
Orlando housing market ends 2016 with increases in cumulative median price and sales
Orlando’s 2016 annual median price ($200,000) is a healthy 12.0 percent higher than the 2015 annual median price ($178,500), thanks to another 12 months of year-over-year price increases. Sales for 2016 finished out at 35,780 and squeaks in at 1.8 percent above the cumulative sales total of 35,151 for 2015
Summary DECEMBER 2016
Orlando home sales, median price increase along with mortgage rate in November.
Orlando home sales experienced a 7 percent year-over-year jump in November, along with a 9 percent increase in median price. The average interest rate paid by an Orlando homebuyer is November is 3.82 percent, up from 3.57 percent.
Summary NOVEMBER 2016
Orlando median price continues its upward trend as sales and inventory slip.
The median price of Orlando area homes rose 14 percent year-over-year in October. Meanwhile, sales decreased 8 percent as inventory took its greatest year-over-year tumble in 2016 and dropped by 12 percent.
Summary OCTOBER 2016
Orlando home sales jumps 7 percent; median price rises 14 percent as inventory continues downward slide.
The median price of Orlando homes rose 12 percent year-over-year in September, while sales increased by 3 percent. The supply of homes available for purchase in the Orlando area slid downward by 10 percent.
Summary SEPTEMBER 2016
Orlando home sales increase 3 per cent a median price continues upward march of 12 per cent.
Sales of homes in Orlando experienced a year-over-year increase of 7.32 percent for the month of August, reports the Orlando REALTOR Association. The jump occurred despite yet another 10 percent decrease in inventory which continues to contribute to the area’s sustained rise in median price.
Summary AUGUST 2016
Orlando Median price jumps 12 percent amid declines in both inventory and sales.
The inventory of homes available for purchase in the Orlando area dropped by 9.91 percent in July 2016 compared to a 6.28 percent decrease in sales and a 12.04 percent increase in median price when compared to July of 2015.
The Orlando median home price has now experienced year-over-year increases for the past 60 consecutive months; as of July the median price is 77.82 percent higher than it was in July 2011.
The median price of single-family homes increased 14.5 percent when compared to July of last year and the median price of condos increased 9.20 percent.
Summary JULY 2016
Decline in available inventory sends Orlando median home price soaring.
The median price of Orlando homes sold during the month of June increased 15 percent compared to June of last year, the result in part of yet another double-digit decline in inventory. Sales decreased by 3 percent when compared to June 2015, but increased by 5 percent when compared to last month.
The Orlando median home price has now experienced year-over-year increases for the past 59 consecutive months; as of June the median price is 79.22 percent higher than it was in July 2011.
Summary JUNE 2016
Orlando’s home prices rise 7 percent, median price jumps 12 percent.
The median price of Orlando homes sold during the month of May increased more than 12 percent compared to May 2015 and crossed the $200,000 mark for the first time since August 2008. In addition, sales showed a year-over-year increase of nearly 7 percent despite a continuing slide in inventory.
The year-to-year median price of normal sales increased 7.00 percent, while the median price for foreclosure sales increased 10.31 percent and short sales increased 1.05 percent.The median price of single-family homes increased 10.68 percent when compared to May of last year, and the median price of condos increased 15.29 percent.
Summary MAY 2016
Orlando’s home inventory declines 11 percent in April, driving median price upward and impacting sales.
The median price of Orlando homes shot up nearly 10 percent in April compared to April 2015, while sales increased about two percent. Both the rise in values and the sluggish movement in sales continue be influenced by the area’s ever-declining inventory.
The Orlando median home price has now experienced year-over-year increases for the past 57 consecutive months, as of April the median price is 66.15 percent higher than it was in July 2011.
– The year-to-year median price of normal sales increased 1.55 percent, while the median price for foreclosure sales increased 11.66 percent and short sales increased 11.45 percent.
-The median price of single-family homes increased 7.73 percent when compared to April of last year, and the median price of condos increased 13.92 percent.
Summary APRIL 2016
Orlando home buying season kicks off with a decline in inventory, increase in median price
Summary MARCH 2016
Summary FEBRUARY 2016
Inventory declines drive Orlando home sales down, squeeze median price upward in January.
The median price of Orlando homes sold in January increased nearly 14 percent of January of 2015, amid an inventory level that has seen year-over-year decreases for the last seven months.
Summary JANUARY 2016
ORLANDO HOUSING MARKET ENDS 2015 WITH A 15 PERCENT INCREASE IN ANNUAL SALES; 9 PERCENT INCREASE IN MEDIAN PRICE!
Orlando’s 2015 median price ($178,788) finished a healthy 9.02 percent higher than the 2014 annual median price ($164,000), thanks to a full 12 months of year-over-year price increases. Sales for 2015 finished 15.46 percent above the cumulative total sales for 2014.
Summary DECEMBER 2015
ORLANDO MEDIAN PRICES RISE 10 PERCENT – SALES DROP 3 PER CENT
The Orlando median home price has now experienced year-over-year increases for 52 consecutive months; as of November the median price is 57.84 percent higher than it was in July 2011. (keep in mind in July 2011, we were not long in the beginning processes of recovery mode. According to Zillow, national home values still lag 6.8% below their pre-recession peak.)
Home sales in the Orlando area slipped 3 percent in November, as the inventory of available properties dropped for the fifth consecutive month. At the same time, the median home price rose 10.30 percent in November compared to November 2014.
Summary NOVEMBER 2015
Summary OCTOBER 2015
Orlando home sales increase 3 percent, median price rises 9 percent
Summary SEPTEMBER 2015
Orlando home sales increase 22 percent; median price rises 11 percent
Orlando consumers chased the traditional summertime home buying wave to its tail end and racked up 22 percent more home sales in August of 2015 than in August of 2014. Buyer demand also helped swell the median home price by 11 percent, which marks the greatest month-over-month percentage increase this year.
Summary AUGUST 2015:
Orlando home sales increase 33 percent; median price rises 8 percent
Orlando’s summertime sales stampede continued through July, which saw closings of existing homes increase more than 33 percent, reports the Orlando Regional REALTOR® Association. In addition, the area’s median price experienced yet another rise in July, marking 48 consecutive months of year-to-year increases. The July 2015 median price is now 59.20 percent higher than in July 2011.
Summary JULY 2015:
Orlando home sales skyrocket 21 percent in June
A leap in “normal” transactions has boosted Orlando area home sales more than 21 percent over June 2014 and to its highest number (3,435) since the Orlando Regional REALTOR® Association began recording sales. In addition to skyrocketing sales, the median price for existing homes sold in June increased 7.73 percent.
Summary June 2015:
Orlando home sales, median price both up 10 percent in May!
Orlando’s housing market is riding its traditional summertime wave of home sales — fueled in part by both low interest rates and more inventory — and posted positive numbers for the month of May. Sales of existing homes increased 10 percent while the median price also increased 10 percent when compared to May of 2014, reports the Orlando Regional REALTOR® Association.
Summary May 2015:
Orlando home sales increase 12 percent; median price up 8 percent
Summary April 2015:
Orlando home sales soar 26 percent in March
Existing homes for sale in the Orlando area flew off the shelves in March, which saw a more than 25 percent increase in the number of transactions compared to March of 2014. The area’s overall median price (all sales types and all home types combined) increased more than 10 percent in that same March-to-March comparison.
The median price for March is the highest since October 2008, while the number of sales is the highest since June 2010.
Summary March 2015:
Orlando home sales leap 19 percent; median price rises 4 percent
Sales of existing homes in the Orlando area took a big jump last month, with nearly 20 percent more homes closing in February 2015 than in February 2014. In addition, the area’s overall median price (all sales types and all home types combined) increased nearly 5 percent in that same February-to-February comparison.
February 2015 Report
The Orlando housing market enjoyed healthy January-to-January comparison increases in both sales and median price as we head into the annual home buying season. The overall median price for January 2015 is 3.68 percent higher than in January 2014, while closings of all home types and all sale types combined is 9.79 percent higher compared to January 2014. Orlando home sales increased 10 per cent as interest rates fell to a new 19 month low!