Orlando Real Estate Market News | Page #4

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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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…

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

                                                                               Community Report

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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…

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

                                                                               Community Report

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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 a 27.9% gain $275,875 median price of a year ago.  Month on month…

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