Orlando Regional Realtor® Association reports home values up 1.2% in Dec. 2018

The Orlando Regional Realtor® Association reports the December 2018 median home value of $232,750 for Central Florida with home values up 1.2% year-over-year in its monthly “Market Pulse Report.” Home values appear to be reaching a plateau. The data reveals an average DOM of only 56 with only 3.3-month supply of inventory. Distressed properties represented less than 4% of all sales. The housing shortage is easing with a 4.9% increase in inventory year-over-year. The cumulative number of homes sales from December 2017 to December 2018 was down 20.8%. However, in looking at 2018 as a whole, the overall median home value for Central Florida homes rose 5.7%. In analyzing the statistics, the real estate market is changing as evidenced by the slow down in price appreciation, decrease in the cumulative number of sales & an inflection point has been identified with inventory now on the rise. Historically, condominiums tend to be the first to experience price deprecation during a market downturn & last to display price appreciation during an upswing. From December 2017 to December 2018, consistent with historical data, condominiums showed the highest appreciation in overall median value with a 10.5% rise. The full report is available for you here: ORRA Market Pulse Report for December 2018

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Orlando Regional Realtor® Association reports home values up 3.6% in Nov. 2018

The Orlando Regional Realtor® Association reports the November 2018 median home value of $233,100 for Central Florida with home values up 3.6% year-over-year in its monthly “Market Pulse Report.” Average DOM of only 53 with only 3.3-month supply of inventory. Distressed properties represented only 5% of all sales. The housing shortage appears to be slowing with a 1.7% increase in inventory year-over-year. It was the first year-over-year inventory increase since the summer of 2015. The full report is available for you here: ORRA Market Pulse Report for November 2018

Orlando Regional Realtor® Association reports home values up 4.5% in Oct. 2018

The Orlando Regional Realtor® Association reports the October 2018 median home value of $228,500 for Central Florida with home values up 4.5% year-over-year in its monthly “Market Pulse Report.” Average DOM of only 52 with only 2.8-month supply of inventory. Distressed properties represented only 4% of all sales. It’s a seller’s market with historically low inventory levels & multiple buyers competing for properties, however the inventory shortage is slowing. The full report is available for you here: ORRA Market Pulse Report for October 2018

Orlando Regional Realtor® Association reports home values up 3.6% in Sept. 2018

The Orlando Regional Realtor® Association reports the September 2018 median home value of $233,000 for Central Florida with home values up 3.6% year-over-year in its monthly “Market Pulse Report.” Average DOM of only 48 with only 2.9-month supply of inventory. Distressed properties represented less than 5% of all sales. It’s a seller’s market with historically low inventory levels & multiple buyers competing for properties. The full report is available for you here: October 2018 Monthly Market Pulse Report

Orlando Regional Realtor® Association reports home values up 2.7% in Aug. 2018

The Orlando Regional Realtor® Association has released its September 2018 Market Pulse Report. Here are the highlights: From August 2017 to August 2018, the median home value for Central Florida is up 2.7% with inventory down 11.6%, during the same time frame. The combined median home value for all homes sold is $231,000 and average days-on-market was only 49 days. There is a 2.3 month’s supply of inventory. Distressed sales (REO & Short Sale) only account for less than 4% of all sales. Real estate values have more than doubled since 2011. The full report is available for you here: ORRA Housing Report for August 2018

Orlando Regional Realtor® Association reports home values up 6.8% in July 2018

The Orlando Regional Realtor® Association has released its August 2018 Market Pulse Report. Here are the highlights: From July 2017 to July 2018, the median home value for Central Florida is up 6.8% with inventory down 16.9%, during the same time frame. The combined median home value for all homes sold is $235,000. Average days-on-market was only 45 days. There is a 2.2 month’s supply of inventory. Real estate values have more than doubled since 2011. The full report is available for you here: August 2018 Market Pulse Report

Orlando Regional Realtor® Association reports home values up 6.8% in June 2018

The Orlando Regional Realtor® Association has released its July 2018 Market Pulse Report. Here are the highlights: From June 2017 to June 2018, the median home value for Central Florida is up 6.8% with inventory down 17.3%, during the same time frame. The combined median home value for all homes sold is $239,180. Average days-on-market was only 48 days. There is a 2.2 month’s supply of inventory. Real estate values are up 107% since 2011. The full report is available for you here: July 2018 Market Pulse Report