Helping Orlando Home Owners and Home Buyers Since 1997 - #OrlandoRealEstate
David Welch
| Broker-Associate
Helping Orlando Home Owners and Home Buyers Since 1997 - #OrlandoRealEstate
By David Welch | 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
By David Welch | 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
By David Welch | 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
By David Welch | 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
By David Welch | 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
By David Welch | 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
By David Welch | 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
By David Welch | General
The latest numbers are in, and prices are up quite a bit on lower inventory and a big jump in demand for houses at the end of last year. Check out this brief video. #OrlandoRealEstate #Remax #Realtor
January 15, 2020
By David Welch | General
The number of homes available for sale tumbled while sales and prices both rose. Check out the November 2019 Orlando real estate market report in this quick video. #OrlandoRealEstate #Remax #Realtor
December 16, 2019
By David Welch | General
The only thing holding #OrlandoRealEstate back is the lack of available inventory in the more affordable price ranges. Sales dropped slightly last month on lower inventory, once again. The strong demand for homes pushed prices up at a very good pace. Check out this short video with a breakdown of the market results for October… Continued
November 15, 2019
