Orlando Real Estate Market News

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…

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

                                                                              COMMUNITY REPORTS

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…

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

                                                                               Community Report

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…

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

                                                                               Community Report

Published 1st November 2022
October 'oracle' From The Resort Area. 

 October sales of 306  were down 39.1% on the 501 closings recorded in October 2021  and also down 13.4% on the 353 sales in September.  A home that sold during October closed after an average 65 days on the market, down 1 day from the 64 days of last month and down some 24 days from the average 89 days of one year ago. A closing achieved an average 100.01% of the listed price which was up on both the 99.9% level from last month and the 99.2% being achieved twelve months ago.  The resort area median price increased during October with the revised market price once again setting a new record at $353,063 representing 27.9% gain $275,875 median price of a year ago.  Month on month…

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

                                                                               Community Report

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

                                                                               Community Report

August 'arithmetic' From The Resort Area. Published 1st September 2022   August inventory levels climbed again during the month with the total number of homes now listed for sale standing at 911 which was an increase of 4.6% from the 871 listings of last month. Year on year total inventory has climbed 86% from the 489 total listings recorded twelve months ago. The markets median price continued to rise with the  August price setting a new record of $341,311 which was a 27.4% increase from the one year ago price level of $267,937. Month on month the August median price represented a 1.6% increase from the $335,875 price of July.  Total sales during August of 363 were down 27.8% from the 464 closings recorded in the corresponding month last year. …