Orlando Real Estate Market News

May “math’ From The Resort Area.

The May pipeline of homes under offer/contract stood at 422 which was 4.3% up on the 404 pipeline total in April but 19.4% down from the the 523 total recorded in May 2022. The May listed total of 875 homes was 2% up on Aprils 858 listings and was still much higher than the 451 listings in the comparable month a year ago. Mays month on month median price was up 1.7% from $367,300 to $369,987 and also rose 13.6% from the one year ago median price of $319,850. Total listings of 875 were 2% up Aprils 858 total and remain significantly higher than the 451 listings recorded in May 2022. Closed sales during the month of 422 was an increase of 18 on the April total of 404 but 119 down on the 523 total recorded in May 2022. A…

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ORLANDO REAL ESTATE MARKET NEWS - April 2023 - Published 1st May 2023

April “answers’ From The Resort Area.

 The resort area markets month on month median price fell during April for the first time in over 5 years, with the revised median price down from $371,252 last month to $367,300 in April, which represents a 1.1% decrease month on month but still a 16.3% increase on the one year ago median price of $310,900. April's listed 858 was 3.3% below the March total of 887 but still significantly higher than the 325 listings in the comparable month a year ago. The April pipeline total number of homes under offer/contract was 686, which was 5.3% up on the 650 pipeline total in March but & down on the 807 pipeline total of April 2022. …

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Orlando Real Estate Market News - March 2023 - Published 1st April 2023

 

March "math' From The Resort Area.

March total listings of 887 were 9.6% below February's 981 total but still significantly up on the 273 listings in the comparable month a year ago. March total closings of 364  were down  29% on the 512 closings recorded a year ago but did increase 69 sales from the 295 closings last month. A home selling in the Resort area Market achieved an average 99.6% of the listed price, down from 100.1% last month and below the 99.8% level seen a year ago. The average days on the market that a home took to close was 75, compared to 76 days twelve months ago and 70 days last month. The March pipeline number of homes under…

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ORLANDO REAL ESTATE MARKET NEWS - February 2023 - Published 1st March 2023 


February “figures' From The Resort Area.

The February total number of closings across the resort area market was 295, which was 34.2% down on the 448 closings recorded a year ago.  On average, a home in our market closed at 100.01% of the listed price, down slightly from 100.2% last month but still higher than the 99.9% level achieved a year ago.  The average days on the market that a home took to close was 70, which compares to 79 days a year ago but 1 day upon the 69 days it took in January.   The market's median price climbed again during the month, with the revised median setting a new record once again at $369,481, which represents a 19.3% increase on…

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ORLANDO REAL ESTATE MARKET NEWS - JANUARY 2023 - Published 1st February 2023

 

JANUARY "summary' From The Resort Area.

 The January resort area climbed again during the month, with the revised median setting another new record of $365,387, representing a 25% gain on the one-year-ago median price of $292,300. Month on month, the January median price represented a 0.6% increase from the $363,100 price in December. The total number of January closings was 228 which was  55% below the 418 closings recorded a year ago. On average, a January closed home achieved 100.02% of the listed price, up to the 99.17%  level achieved a year ago. The average days on the market that a home took to close was 69 which compares to 82 days a year ago but 2 days higher…

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THE January TEAM DONOVAN COMMUNITY SALES REPORTS HAVE NOW BEEN UPDATED AND ARE AVAILABLE FROM THE FOLLOWING LINK: 

                                                                              COMMUNITY REPORTS

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Published January 1st 2023

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

The final Team Donovan review of 2022 reveals that the median price of a resort area property has increased 26.6% over the past 12 months rising from $286,600 last December to $363,100 a year later.  Total resort area inventory has risen significantly over the same period from just 385 listings a year ago to  1115 homes available now.  The average number of days on the market that a home took to close during December was 67, compared to the 66 day total in November and the 84 days it took during December 2021.  A home closing during the month did so at an average of 100.01% of its listed price, which compared to an average of 99.4% twelve months ago.   December saw 128 homes…

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

                                                                               Community Report

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Published 1st December 2022 November 'numbers' From The Resort Area.   The resort areas median price for November stood at $358,875 representing another new record and a 22.8% gain on the $279,875 median price recorded a year ago. whilst month on month the November price represented a gain of 1.7% from the $353,063 price in October. November saw a total of 298 closings which was down 41.0% on the 505 closings in November 2021 and also down on the 306 sales last month.  A resort area home that did change hands during the month closed after an average 66 days on the market, down 1 day from the 65 days of last month and  20 days below the 86 day level being achieved one year ago. Homes that sold achieved an average  100.03%  of the listed…

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

                                                                               Community Report

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