Orlando Regional Realtor® Association reports home values up 10.4% during its March 2018 Market Pulse Report

The Orlando Regional Realtor® Association has released its March 2018 Market Pulse Report. Here are the highlights: From Feb. 2017 to Feb. 2018, the median home value for Central Florida is up 10.4% with inventory down 8.9%, during the same time frame. The combined median home value for all homes sold is $228,000. Average days-on-market was only 64 days. There is a 3.09 month’s supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. Distressed properties sales are down 41.4% year-over-year. The full report is available for you here:
March 2018 Market Pulse Report

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Florida Association of Realtors® Reports Jan. 2018 Sales Data; Values up 9.1-11.7%

Florida Association of Realtors® (FAR) reported its statewide sales data for Jan. 2018. The median value for existing Single Family Homes (SFHs) was $240k, up 9.1% year-over-year. The median home value condos/town houses was $179.9k, up 11.7%. Inventory is historically low with only 3.9 months of supply available for SFHs & 5.9 months for condos/town houses. Inventory is down 7.3%, year-over-year (SFHs) & 4.8% (condos/town houses). This data excludes new construction. Median is the midpoint; ½ above & ½ below. Freddie Mac reported an avg. mortgage rate of 4.03% for a 30-year fixed mortgage. The full article is available for you here: January 2018 Statewide Sales Data Report

According to sales data, Central Florida Real Estate values in January 2018 still below market peak of 2007.

The media is circulating that the real estate market has now surpassed the peak of 2007. IT’S NOT TRUE! There’s no data presented to support this claim. In researching the ACTUAL sales data for all homes sold, the results are below:

According to ORRA, the median home value for all homes sold in Central Florida peaked at $264,436 in July 2007. As of January 2018, the median home value for all homes sold in was $225,000. Overall prices are still 15% below the peak. Many condo values are still about 40% below the peak! The median home value data is comprised of closed sales for SFHs, condos, town houses, & duplexes. It does not include vacant land or commercial properties.

If you’re interested in the opposite end of the spectrum. The real estate market bottom did NOT occur in 2009 or 2010. It was January 2011 when the median home value for Central Florida bottomed at $94,900.

If you bought a house since 2011 & are ready to cash-out and sell. Message me! I can guide you on every step of the process from market readiness to renovations to valuation to marketing to legal disclosures to buyer screening to contracts to title to closing to avoiding scams to finding a new home, and much more!

Orlando Regional Realtor® Association Reports 12.6% jump in home values in its February 2018 Market Pulse Report

The Orlando Regional Realtor® Association has released its February 2018 Market Pulse Report. Here are the highlights: From Jan. 2017 to Jan. 2018, the median home value for Central Florida is up 12.6% with inventory down 11%, during the same time frame. The combined median home value for all homes sold is $225,000. Average days-on-market for Jan. 2018 was only 63 days. There is a 2.5 month’s supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. Distressed properties sales are down 41% year-over-year. The full report is available for you here: February 2018 Market Pulse Report >

Orlando Regional Realtor® Association reports 10% increase in home values with inventory down 12.6%, during its January 2018 Market Pulse Report

The Orlando Regional Realtor® Association has released its January 2018 Market Pulse Report. Here are the highlights: From Dec. 2016 to Dec. 2017, the median home value for Central Florida is up 10% with inventory down 12.6%, during the same time frame. The combined median home value for all homes sold is $230,000. Average days-on-market for Dec. 2017 was only 62 days. There is a 2.9 months supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. Distressed properties sales are down 50% year-over-year. The full report is available for you here > January 2018 Monthly Market Pulse Report

Orlando Regional Realtor® Assoc. reports 11% increase in home values for Nov. 2017 & prices up 94% since 2011

The Orlando Regional Realtor® Association has released its December 2017 Market Pulse Report. Here are the highlights: From Nov. 2016 to Nov. 2017, the median home value for Central Florida is up 11.4% with inventory down 10.5%, during the same time frame. The combined median home value for all homes sold is $224,000. Average days-on-market was only 62 days. There is a 3.7 months supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. Lake County lead Central Florida with a 10.1% increase in existing home sales, year-over-year. Orange County was a close 2nd place at a 9.9% increase in existing home sales. The data continues to support the region’s robust seller’s market & housing shortage. The full report is available for you here > 

Orlando Regional Realtor® Association reports 6.3% increase in home values with inventory down 15.6%, during its November 2017 Market Pulse Report

The Orlando Regional Realtor® Association has released its November 2017 Market Pulse Report. Here are the highlights: From Oct. 2016 to Oct. 2017, the median home value for Central Florida is up 6.3% with inventory down 15.6%, during the same time frame. The combined median home value for all homes sold is $218,000. Average days-on-market for Oct. 2017 was only 56 days. There is a 2.9 months supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. Hurricane Irma & its aftermath resulted in declines in closed sales, however sales bounced back in October. The full report is available for you here > October Market Pulse Report 2017