Orlando Real Estate Market News | Page #4

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 on 1st January 2022***

December "data" from the Resort Area Market...

The last Team Donovan review of 2021 reveals that the median price of a resort area property has increased by 14.2% during the past 12 months increasing from from $250,305 in December 2020 to $286,600. Total inventory across the market has  fallen significantly over the same period from the 1,306 homes available a year ago to the 385 listings available December 2021. The average days on market that a home took to close during December was 84 which compares to  a 86 day total in November 2021 and the 99 days it was taking in December 2020.  A home sold during the month closed at an average 99.4% of its listed price which compares to an average 97.4% twelve months ago.…

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

                                                                               Community Reports

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November 'numbers" From The Resort Area...   The November resort area median price reached $279,875 which was an increase of 1.4% from the October median of $275,875 and up 12.5% from the November 2020 median of $248,425. Total closings during the month of 505 were 4 higher than the previous month and 21.1% up on the 417 sales recorded a year ago. The average days on market that a home now takes to sell is down 3 days from last month at 86 and 8 days below the 96 day average recorded last November. A sold home achieved 99.5% of the listed price on average which compared to the 97.8% level of twelve months ago. Inventory levels overall fell month on month during November by 25% from 534 homes to 428 while year on year inventory levels are down by…

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

                                                                               Community Reports

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  October 'oracle" From The Resort Area...   Total sales during October were up 8.7% from September at 501 closings compared to 461. Year on year sales were also 35% higher than the 371 closings during October 2020. The resort area median price stands at $275,875 which is an increase of  1.1% from last months median of $272,763 and an increase of 11.7% from the October 2020 median of $246,965. Inventory levels are down by 9.6% month on month from 586 listings in September to 534 this month while year on year inventory levels are down by 73% from the 1,461 listings back in  October 2020. The average days on market that a home takes to sell is down 2 from last month at 89 which was also down 8 days from the 97 days of a year ago. A sold home…

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

                                                                               Community Reports

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September 'signs' From The Resort Area...   Inventory levels overall were up 20% month on month in September across the resort area with 586 homes listed for sale compared to the 489 total in August. From one year ago total listed home inventory reveals a very different picture with the number of homes listed in September 2020 at 1,484.  The markets median price reached $272,763 which is an increase of 1.8% from last months $267,937 and an 11.5% increase from the September 2020 median price of $244,658.  Total closings during September of 461 sales was just 3 homes less than last month but represented a  6.7% increase on the 432 closings recorded during September 2020.The average days on market that a home now takes to sell was down 2 from a month…

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

                                                                               Community Reports

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July 'market numbers' From The Resort Area...   Total July resort area sales of 487 homes were 7.8% lower than the June total of 525 but 17.9% above the 413 recorded sales in July 2020 when Florida was just opening up from lockdown. For the first time in some time month on month inventory increased in the market as the total number of home listed for sale increased from 385 to 449. This increase is still substantially below the 1,500 listings that were recorded in July 2020 in what was a very different market.  A home that closed during July achieved on average 98.6% of its listed price after an average of 97 days from listing to closing. A year ago the average days to sell was also 97 but the asking price percentage achieved was an average of 97.7%…

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