Orlando Real Estate Market News | Page #6

***Published on 1st January 2021***

December "data" from the Resort Area Market...

The final Team Donovan review of 2020 (a year like no other!) reveals that the the median price of a resort area home has climbed 6.9% over the past 12 months rising from $234,156 in December 2019 to $250,305. Overall inventory levels when compared to 12 months ago detail a fall of 125 listings from 1,431 homes a year ago to 1,306 in December 2020. The average days on market that a home takes to sell stood at 99 and was 1 higher than it took twelve months ago and 5 more days than the 94 achieved in November 2020. A home that sold during December secured on average 97.4% of its listed price which compares to 97.5% last month and 97.8% a year ago.  Total sales of 415…

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

                                                                               Community Reports

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November 'numbers ' From The Resort Area...   The resort are median market price was up 8.2% from November 2019 at $248,425 which was also a 0.6% increase over October 2020. Total inventory of 1,423 homes represents a decrease of 3.8% from last months 1,461 listed total and is just 6 homes higher than the 1,417 recorded total of a year ago.  A sold home on average attained 97.8% of its final listed price after spending on average 94 days in the market which compared to 97.5% and 97 days, respectively,  one year ago.  Total closings of 417 homes during the month were 32.8% up on the 314 sales recorded a year ago and also 12.4% more than the 371 sales last month. The pipeline number of homes awaiting closure under offer/pending stands at 687 which is …

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

                                                                               Community Reports

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October 'oracle ' From The Resort Area...   The October resort area market saw 371 homes change hands during the month which was 17.4% up on the 316 closings of October 2019 but 61 sales down on the 432 sales recorded in September 2020. A home that did sell achieved an average of 97.6% of the listed price which was the same rate as a year ago whilst the average days that a home takes to sell was down by 2 days from twelve months ago at 97 days.  The markets median price was up 8.3% from a year ago at 246,975 from 228,118.  Overall inventory levels were up 8.4% from a year ago at 1,461 homes whilst the number of homes under offer/contract stood at 734 which was slightly up from 729 pipeline total of last month but 221 higher than the 513 total in…

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

                                                                               Community Reports

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September 'summary' From The Resort Area...   The Resort areas median price was up 7.9% year on year in September from $226,731 to $244,658 whilst homes were also selling on average 2 days quicker than they were a year ago at 96 days.  A September closed home achieved on average 97.8% of the asking price which was marginally up on the 97.6% level being achieved 12 months ago. Total inventory of homes available for purchase stood at 1,484 which was 5.1% less than the previous months inventory but 184 homes higher than the September 2019 total of 1,300. Total market sales of 432 reflected a 43.5% increase on the 301 closings of September last year and were also up  63 sales compared to the 369 closings last month. During September 118 homes were…

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

                                                                               Community Reports

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August 'announcements' From The Resort Area...   August resort area inventory levels saw an overall increase of 25.3% year on year to 1,561 homes which was also a rise of 4% from the 1,500 homes listed last month. The total number of sales during August was 369 which was 7 closings down on the corresponding month a year ago and 44 lower that the 413 sales in July. A sold home during August closed in an average of 97 days which was the same as August 2019 and achieved on average of 97.8% of the asking price which was also little changed from the 97.7% level last year.  The markets median price stood at $241,750 which was 7.9% up on the $223,968 median price of one year ago.  The number of homes pending under offer/contract awaiting closure stood at …

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

                                                                               Community Reports

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