Orlando Real Estate Market News

***Published on 1st December 2024*** 

November “numbers ”  from the Resort Area Market... 

Total resort area sales during November of 283 were down 22 from the previous month and also down by 57 on the 412 closings recorded during September. The average days a home took to close during October was 116, up 1 day from October and was 2 days higher than the 114-day average recorded in September. A home closing in November achieved an average of 97.6% of its listed price, down from 98.3% the previous month. The average days a home spent on the market was 83, compared to 73 days in October and a 71-day average over the past 12 months. The November median price changed little, to $399,990, compared to $400,000 in October, but it was down 1.1% from the…

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***Published on 1st October 2024***  

September “summary ”  from the Resort Area Market...  

The resort area's rising inventory levels continued in September, with the total number of listings recorded at 3,217, 1.7% up on the 3,161 in August and still well above the 2,767 total listings recorded at the start of 2024.  The August median price was unchanged from July at $400,000  but remains down 1.1% from the January median price of 404,418.  Total sales during September of 340 were down 14  from the previous month and also down by 72 on the 412 closings recorded during July.  The average days a home took to sell during September was unchanged from August at 114 but up 2 days from the 112-day average recorded in July.   A closed home in September…

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***Published on 1st September 2024***  

August “answers ”  from the Resort Area Market... 

The August median home price was unchanged from July at $400,000  but remained down 1.1% from the January median price of 404,418, whilst the average days that a home takes to close was up by 2 days from July at 114  and 3 higher than 111-day average recorded in June.  The trend of rising inventory slowed in August, with the total number of listings at 3,162. Little changed from 3,157 in July, but it was above the 2,767 total listings recorded in January 2024.  Total sales during August of 326 homes were down 96 on the previous month and down 75 on the resort area closings recorded during June.  A home that closed during August did so at an average of 97.8% …

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***Published on 1st August 2024***.  

July “jottings”  from the Resort Area Market...

Total sales during July were 412, 11 higher than the previous month, but 32 were below the 444 resort area closings recorded in May.  A home that did sell during July closed at an average 98.0%  of its final listed price, which was up from the June figure of 9.7%, whilst the average days that a home spent on the market during the month was 68 which compared to the 72-day average last month and a 63-day average recorded in the previous 12 months.  The recent trend of overall increasing Inventory stopped in July, with the total number of listings standing at 3,157, down from 3,468 in June but still up 12.4% on the 2,767 total listings recorded at the start of the…

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***Published on 1st June 2024***

 May “math ”  from the Resort Area Market...

 Total sales during May of 444 were a new monthly high for 2024 which compared to 408 in April and the low of 281 closings in January.  A home that sold during May achieved an average 98.1%  of its listed price which compares to 97.5% in April, whilst the average days that a home was on the market was 82 during the month, compared to a 70 day average recorded over the last 12 months.  The May median price increased 0.3% month on month from $402,949  to $404,000 whilst the average days that a home takes to close was up by 2 days from April at 109 and up 4 days from the 104 day average of the first quarter of 2024.   Overall Inventory levels continued to rise with the May…

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***Published on 1st May 2024***

April “answers ”  from the Resort Area Market...

The April median price was down 0.3% month on month from $404,000 to $402,949, whilst the average days a home takes to close was 107, a rise of 2 days from both March and February’s 105 days.  Total resort area market inventory was up by 67 homes at 2,867 compared to March's 2,800 total and February’s 2,775.    A home closing in March achieved an average of 97.5%, compared to 98.0% last month.  The average number of days that a home was listed was recorded as 79 during March, compared to an average of 58 over the last 12 months.  The pipeline number of homes under offer/pending closure was 734, which was 50 homes up from March and 44 higher than the 690 recorded in…

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Published on 1st March 2024  

March “math”  from the Resort Area Market...

The February resort area median price was down 0.5% month on month from $404,419 to $402,500, whilst the average days a home takes to close was unchanged from January at 105 days. The total inventory was up by just 7 homes compared to January's at 2,775 listings and 2% up from December's inventory of 2,719.   A home that did sell during the month closed at an average of 97.8% of its listed price, which compares to 97.6% in the previous month. During February, 314 homes were withdrawn from the market, having failed to sell, which was below the January withdrawn total of 319 but up on the  260 withdrawn during December 2023.  The total pipeline number of homes under…

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Published January 1st 2024

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

The final Team Donovan report for 2023 sales activity details that the median Price of a resort area home has increased 2.7% over the past 12 months, rising from $363,100 in December 2022 to $373,156 twelve months later. Total resort area inventory was up 30% over the same period from 1,115 listings a year ago to the 1,595 total currently available. The average number of days on the market that a home took to close in December was 98, compared to 67 days a year ago.   A home that closed during the Month did so at an average of 97.9% of its listed Price, from an average of 100.01% twelve months ago.   During December, the market saw 120 homes withdrawn after failing to sell,…

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November “numbers”  From The Resort Area.

The average days it now takes for a home in our market to close stands at 100 days, which is 3 days up on the October figure of 97 and 34 days higher than the 66 days it took in November 2022. Total sales during the month of 263 were 35 below the 298 a year ago and 43 below the 306 closings recorded last month. A home selling in the resort area during November achieved an average of 97.7% of its listed price, which was unchanged from October but down from the 100.03% level achieved twelve months ago.  November month-on-month median price saw a marginal increase from $372,320 to $372,862, but from a year ago, prices were up 5% from the one-year median of  $358,875.  Total listings across the market saw an…

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ORLANDO REAL ESTATE MARKET NEWS - September 2023 - Published - 1st October 2023

September “summation From The Resort Area.

 The September month-on-month median price was little changed at $370,495 from $370,562 in August but was 6.1% higher than the one-year-ago median price of  $348,188. The total number of listings stood at 1,318  homes, a rise of 15% from the 1,121 total listings in August and 21.9% higher than the 1,030  recorded in September 2022. Total closings during the month were down 13.1% compared to a year ago, with 307 homes selling against 353 last September.   A home selling in the resort area market did so at an average 97.8 % of its listed price, which was unchanged from the previous month but well below the 99.9% level typically…

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