Orlando Real Estate Statistics
On this page, you will find articles and statistics on Orlando Real Estate. If you are thinking you want to invest in Orlando Real Estate, or you just want to sell your Orlando home fast, look no further.
Want to know whether it is a Buyer’s or Seller’s market and how many months of Inventory are currently in the Orlando Real Estate market?
How about Orlando median sale prices? All this and more is included in the reports here.
This Month’s Highlights
The median price of homes in Orlando increased by 10% year over year to $205,990.00, with 3,429 sales closed in the month of August. There was a total inventory of 10,505 homes, which stands at 3 month’s supply, so it is still very much a Seller’s Market.
There were 4,090 new listings, which is about 2% lower under August 2015.
There were a total of 2,555 new contracts and 4,955 homes under contract. 903 listings were withdrawn and 260 listings expired.
Average Days to Close fell slightly to around 46 days, still close to the lowest it has been in a number of years; this is a reflection of the reduced amount of foreclosures and short sales available. The acquisition of viable Rehab projects in the Orlando Real Estate market has turned out to be somewhat of a bidding war, as both seasoned and newbie Orlando Real Estate Investors continually bid up the existing inventory, further exacerbating the price increases month over month.
Finally, Mortgage Rates for homes in the Orlando Real Estate market remain flat at 3.45%; you have to go back 4 years to see similar mortgage rates.
All reports were provided by the Orlando Regional Realtors Association.