Orlando Real Estate Market News | Page #7

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

                                                                               Community Reports

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June 'market numbers' From The Resort Area...   Total inventory fell again during June but at a much reduced pace from recent months as the total number of homes listed for sale across the resort market place declined from 404 to 385 which compares to a very different picture to the 1480 listings available for purchase in June 2020 at the height of Pandemic uncertainty. During the month 525 homes changed hands which compared to 520 last month and the 300 sales recorded twelve months ago. A home that sold during June achieved on average 98.7% of the asking price compared to 98.2% last month and closed after an average 99 days from offer which was a fall of 1 day from the 100 days recorded last month. The markets median price stood at $260,738 which…

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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 'arithmetic' From The Resort Area...   Total sales across the resort market of 564 represented a 234% increase on the 241 closings in April 2020 and were also 4.6% up on the 539 sales recorded last month. The number of homes under contract awaiting closure was 28 lower than last months total of 883 but 229% higher than the 386 total in April last year.  A home that sold in our market during April 2021 achieved on average 98.1% of its listed price and closed in an average 99 days from being listed. These numbers compare to 97.6%  and 98 days respectively in April 2020. The markets median price was 7% higher than twelve months ago moving from $238,438 to $255,306. The median price was also 0.7% higher than the $253,420 recorded last month.…

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

                                                                               Community Reports

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

                                                                               Community Reports

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February 'figures' From The Resort Area...   Total sales during February of 401 across the resort area represented an increase of 19.5% from the 323 closings in January and 35.2% over the 264 sales of February 2020. A home selling in our market took on average 97 days and achieved 97.8% of its listed price which compared  to 96 days and 97.9% respectively during February 2020. Overall inventory levels have fallen 40% from twelve months ago when 1,345 recorded as listed for sale compared to 815 in February 2021. Listings were also down by 37.4% from the January 2021 total of 1,187. The markets median price reached $252,361 which was 5.8% higher than the year ago price of $237,469.  The number of homes under offer/contract also increased from 594 a…

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