Orlando Real Estate Market News

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

August “arithmetics’ From The Resort Area.

 August total closings were down 9.7% from a year ago, with 328 homes selling during the month compared to 363 a year ago.  Sales were also down 13% from July's total of 377.  A resort area home that sold during August did so at an average of 97.85 % of its listed price, which was slightly below last month's 98.0% average and well below the 99.8% level sales achieved one year ago.  The average days it now takes for a resort area home to close stands at 93, which is 1  day higher than in July but some 33 days longer than the 60 days it took in August 2022.  August's month-on-month median price was little changed at…

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ORLANDO REAL ESTATE MARKET NEWS - July 2023 - Published - 1st August 2023

 July “journal’ From The Resort Area.

Julys month on month median price was broadly unchanged at $370,131 but has gained 10.1% from the one year ago median price of $335,875.  July's total of listings stood at 973  homes which was little changed from the 972 listings in June but was 102 homes up on the 871 recorded in July 2022. Closed sales during July totaled 377 which was slightly up on the 373 in June but was a fall of 35 sales on the 412 closings of a year ago.  A home selling during July 2023 in our market closed at an average 98.0% of its listed price, which was slightly from an average 98.1% last month and well below the 99.9% level achieved…

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May “math’ From The Resort Area.

The May pipeline of homes under offer/contract stood at 422, 4.3% up on the 404 pipeline total in April but 19.4% down from the 523 total recorded in May 2022. The May listed total of 875 homes was 2% up on April's 858 listings and was still much higher than the 451 listings in the comparable month a year ago. May's 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 April's 858 total and remained 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 home…

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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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