Orlando Real Estate Market News | Page #3

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

                                                                               Community Report

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July 'journal' From The Resort Area.   The resort area saw closed sales during July totaling 412  which was  8% down on last months 445 closings and 18.2% down on the one year ago total of 487 .  A home that sold during the month achieved  99.9%  on average of the listed price and took a total of 63 days to close compared to  98.6% and 97 days respectively that was being achieved 12 months ago. The markets median price continued to climb with the July price of $335,875  representing a  27.4%  increase from the one year ago price of $263,438 . Month on month,  Julys median price was up 2.4% from the  $328,000  recorded in June.  Overall inventory levels climbed during the month with the total number of homes listed for sale revised…

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June 'journal' From The Resort Area.   Resort area inventory levels continued to climb during June as the total number of homes listed for sale increased 35% from in May 451 to 692 in June. Year on year overall inventory is up by 307 homes or 45% from the 385 total twelve months ago. Total sales during the month of 445 were down 15% from the 523 closings last month and also down from the 525 sales achieved in  June 2021.  During June the average days on market that a home took to sell was 64 which was 12 days faster than last month and some 35 days below the number of days it took a year ago. A home that closed during June went on to achieve 99.9% of its listed price which is up on the 98.7% level being achieved last June.  The markets median…

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May 'memorandum' From The Resort Area.

Inventory levels across the resort area have increased 38.7% from last month with 451 homes listed for sale in May compared to the 325 of last month. Year on year listings also rose to be up 24.3% from the 404 homes available during May 2021. The average days on market that a home now takes to sell increased by 5 days from the previous month at 76 but remained 24 days below the 100 day period it took for a home to close a year ago. A home that did sell achieved on average 99.8% of its listed price which was just sightly down on the 99.9% level of April 2022. The markets median price continued to increase and stood at $319,950 which was a 2.9% increase from April and represented a rise of 24.4% from the …

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

                                                                               Community Reports

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April 'Answers" From The Resort Area...

The resort area saw 441 homes change hands during April which was 71 lower than the 512 sales in March and 123 adrift of the 564 sales recorded in April 2021.  Total net inventory was up by 19% as the number of homes listed increased from 273 last month to 325 in April but was still 42% below the 461 listings of exactly a year ago. The markets median price continued to rise and closed the month at $310,900 recording a 2.5% increase from last month and a 17.9% rise on the $255,306 price recorded a year ago. Total sales during April of 441 represented a decrease of 13.9% from the 512 sales during March and also a 21.9% decrease on the 564 closings in April 2021.  A home that closed during April achieved on…

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April 'Answers" From The Resort Area..

The resort area saw 441 homes change hands during April which was 71 lower than the 512 sales in March and 123 adrift of the 564 sales recorded in April 2021.  Total net inventory was up by 19% as the number of homes listed increased from 273 last month to 325 in April but was still 42% below the 461 listings of exactly a year ago. The markets median price continued to rise and closed the month at $310,900 recording a 2.5% increase from last month and a 17.9% rise on the $255,306 price recorded a year ago. Total sales during April of 441 represented a decrease of 13.9% from the 512 sales during March and also a 21.9% decrease on the 564 closings in April 2021.  A home that closed during April achieved on average …

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February 'facts" From The Resort Area...
 
The February resort area sales total of 448 closings was up on the 418 sales of last month and an increase of 11.7% against the 401 closings of February 2021.  The markets median price climbed to $298,900 and represented an increase of 2.2% from the January median price of $292,300 and 18.4% up from the February 2021 median price of $252,362. The average days that a home now takes to close was down 3 days from last month at 79 days and down 15 from the 97 day level seen a year ago. A home that closed during February achieved on average 99.9% of its listed price compared to the 97.8% level being achieved twelve months ago. During the month 40 homes were withdrawn from the market having failed to sell whilst…

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

                                                                               Community Reports

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January 'numbers" From The Resort Area...
 
The January resort area median price stood at $292,300 representing an increase of 2.2% from the December 2021 median of $286,000 and up 16.5% from the January 2021 median price of $250,800. Total sales during the month of 418 were 65 lower than the December total of 483 but 49.5% up on the 323 sales recorded in January 2021. The average days on market that a home now takes to sell is down 2 days from the previous month at 84 and 8 days below the 96 day average recorded a year go. A January sold home achieved an average of 99.5% of its listed price which compared to the 97.9% level that was being achieved twelve months ago.  Inventory levels overall continued to fall to record low levels month on month with…

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