- Orlando home sales

Out-of-State Home Buyers Help Fuel Orlando Construction Boom

Posted by Team Donovan on September 17th, 2020

Construction of new homes in Orlando is booming thanks to an influx of out-of-state residents moving to Florida, low interest rates, and Orlando's renowned attractions. In addition, Orlando’s rental market is tight, with an average vacancy rate of 8.3 percent.

The Construction Boom in Orlando

Dodge Data & Analytics reported new home construction valued at $711 million in Central Florida counties during the month of July, an increase of about 22 percent compared to July 2019.

The boom in construction supports the local economy by creating new job opportunities. That’s good news for home investors looking to buy short-term rental vacation homes in one of the country’s most popular destinations. As Orlando home sales continue to rise, so does the…

Orlando Median Home Price Rises in July

Posted by Team Donovan on August 29th, 2017

If you’ve been thinking about buying a home in Orlando to use as a second home or investment property, you may want to take action soon before home prices get too expensive.

The median price of Orlando homes sold during the month of July rose nearly 7 percent compared to the same period a year ago. And sales slipped 0.2 percent compared to July 2016.

One reason for the uptick in prices is the fact that there are fewer homes for sale. The Orlando Regional Realtor Association reported that inventory was down 15 percent in July compared to year ago levels.

Orlando’s overall median home price (which combines all home types) was $220,000 in July, up 6.8 percent from July 2016’s median price of $206,000.

Single family home sales fell 0.9 percent in…