Orlando Real Estate Market News | Page #6

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 During the month 40 homes were withdrawn from the market having failed to sell whilst…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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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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