Orlando Real Estate Market News

There are currently 89 blog entries related to this category.

October 'observations' From The Resort Area...   The Resort area saw total sales of 316 during October which was down 10.4% from the 349 closings of October 2018 but a rise of 4.8% on the 301 sold homes last month. The pipeline number of properties under contract awaiting closure stood at 413 which was a rise of 4.4% from the corresponding pipeline total of one year ago. A home that sold achieved an average of 97.6% of its listed price having spent 99 days on the market which compared to the 97.5% and 116 days achieved respectively one year ago.  The markets median price was up 7% from $212,362 in October 2018 to $228,118 whilst the number of homes withdrawn from the market during the month having failed to sell totaled 77 which was 11 lower than…

The October Team Donovan community reports have now been updated and are available from the following link:

                                                                               Community Reports

September 'summary' From The Resort Area...

Resort area prices recorded a year on year median price increase of 6.9% from $211,293 to $226,731 during September according to the latest monthly figures. The average days on market that a home takes to sell has fallen by 22 days during the same period to 98 days whilst a home that sells achieves on average 97.6% of its listed price compared to 97.6% back in September 2018. Total inventory was up 4.5% or by 55 homes from a year ago at 1,200 whilst the pipeline number of homes under contract awaiting closure stood at 529, up from 524 in September 2018 and also up on last months pipeline of 513 homes. Completed closings during September totaled 301 which was 5.9% down on the 319 sales of a year ago and 24.9%

The September Team Donovan community reports have now been updated and are available from the following link:

                                                                               Community Reports

August 'allsorts' From The Resort Area...
The sale of 376 homes during August across the resort area reflected a 5.5% fall in overall closings compared to a year ago and a 4.5% decrease from last months total sales of 393. The average days that a home took to sell is down 26 days from a year ago to a revised 97 days and down one day from last month. Homes that closed achieved an average 97.7% compared to 97.2% achieved a year ago. The markets median price was 5.2% higher than a year ago at $223,968 from $212,812. The number of homes under offer/contract stood at 513 at the end of August compared to 548 last month and the 517 pipeline total of a year ago whilst 94 homes were withdrawn from the market during the month having failed to achieve a…

The August Team Donovan community reports have now been updated and are available from the following link:

                                                                               Community Reports

July 'jargon' From The Resort Area...   Total inventory levels in the resort area were little changed from last month but recorded a 6.9% increase from a year ago with listed homes up from 1,158 to 1,238 over the last 12 months. The average days that a home takes to sell has fallen by 32 days over the same period from 130 in July 2018 to 98. A home that sold during July achieved an average 97.6% of its listed price compared to 97.3% 12 months ago. A homes median price continued year on year growth with a 5.9% increase from July 2018 to a revised median price of $223,250 from $210,681. The pipeline number of homes under offer/contract awaiting closure totaled 548 which was down 20.8% down from last months 662 and also 6.9% lower than the 586

The June Team Donovan community reports have now been updated and are available from the following link:

                                                                               Community Reports

June 'maths' From The Resort Area...   Junes sales across the resort area totaled 375 which was 3 lower than the corresponding month a year ago and 7.2% lower than the 402 sales in May 2019. Homes under contract awaiting closure were unchanged from the previous month at 662 but 44 or 7.1% up from the 618 total pipeline of a year ago. The number of homes withdrawn from the market having failed to attract a buyer was at the lowest monthly level for over 3 years at 54 homes. The markets median price of $221,843 was up 5.8% from the one year ago price of $209,675. A home that sold achieved an average 97.4% of the asking price after 98 days on the market which compares to 128 days a year ago and the 97.3% average price achieved. Overall inventory was 1.4

April 'arithmetics' From The Resort Area...   The median price of a resort area home in April stood at $217,936 which was 5.6% higher than the $206,286 median of a year ago and 0.6% up from last months $216,628. The total number of homes listed for sale was down 1,273 to 1,263 homes whilst a house that sold during April closed after an average of 100 days on the market achieving 97.3% of its listed price. This compares to the 132 days it took a year ago and an average achieved price then of 97.4% of the listed price. Total sales during the month of 331 compares to 345 closings in April 2018 and the 322 of last month. Homes under offer and awaiting closure totaled 657 which compared to 579 last month and a 698 pipeline total last April.  During the…