Orlando Real Estate Market October 2020

By | General

Continued low interest rates and strong demand for housing in Orlando continue to push sales higher. Last month home sales climbed 25% compared to a year ago. During the same time, the number of homes available for sale declined 25%, leaving us with just a little more than a 1.6 month supply of inventory. High… Continued

November 16, 2020

Orlando Real Estate Market September 2020

By | General

Last month sales were up 16% compared to September 2019, with 3,478 closed transactions. The strong demand pushed prices up 10% compared with a year ago, with a median sales price of $270,000. The number of homes available for sale continues to decline with only 5,972 homes of all types currently on the market. That… Continued

October 15, 2020

Orlando Real Estate Market August 2020

By | General

Inventory plummeted 22% compared to a year ago, but sales still climbed 4% last month. Low interest rates and strong demand pushed the median sales price up 10% to a new high of $275,000. Check out this short video breaking down the #OrlandoRealEstate market results for August 2020.

September 15, 2020

Orlando Real Estate Market July 2020

By | General

Orlando real estate sales and prices are both up for July 2020, even as inventory plummets 22% compared to a year ago. The official closed sales number comes in way lower than what I saw in the multiple listing service, but still up from a year ago. 3,679 sales were recorded compared to 3,628 in… Continued

August 17, 2020

Orlando Real Estate Market June 2020

By | General

Sales were off by 9% compared to a year ago, but new contracts climbed nearly 14%. Inventory plummeted by 19% compared to last year, leaving us with just barely a two month supply of inventory of homes available for sale. Prices were up 6% compared to a year ago indicating strong demand for homes in… Continued

July 15, 2020

2315 Upper Park Rd - SOLD

Orlando Real Estate Market May 2020

By | General

As you watch the video, the number that really stands out for May is the drop in closed sales. Last month we saw a 44% drop in closed sales compared to a year ago, but you need to take a closer look at the numbers. New contracts in May only declined 4% from a year… Continued

June 17, 2020

Orlando Real Estate Market April 2020

By | General

Sales and inventory were down as expected as buyers and sellers followed ‘safer at home’ orders. We saw a 28% decline in sales compared to a year ago, while inventory dropped only 3%. The median sales price jumped 12%. My thought is that buyers in lower price ranges were disproportionately effected by furloughs and layoffs…. Continued

May 15, 2020

Orlando Real Estate Market March 2020

By | General

COVID-19 stay at home orders are in effect for Orlando, Orange, Seminole and Osceola Counties and the state of Florida, but it was business as usual here in The City Beautiful for March 2020. Sales were up just 2%, and prices rose nearly 8%, while the inventory of homes available for sale dropped almost 10%… Continued

April 15, 2020

101 Tomoka Trail

Orlando Real Estate Market February 2020

By | General

Sales were up 4%, the median sales price was up 6%, but the number of homes available for sale was down 17% compared to a year ago. If you are thinking of selling, now could be a great time to get started. If you are thinking of buying a home, interest rates are at historic… Continued

March 17, 2020

Orlando Real Estate January 2020

By | General

The number of homes available for sales plummeted by over 1,200 properties compared to a year ago, for a 16% decline. Strong demand saw an increase of more than 300 sales compared to a year ago for a 15% increase. The combination of lower supply and stronger demand pushed the median sales price up 8%… Continued

February 18, 2020