Orlando Real Estate Market News | Page #3

***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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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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