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 7% increase in home prices with inventory down 15%, during its August 2017 “Market Pulse”

The Orlando Regional Realtor® Association has released its August 2017 Market Pulse Report. Here are the highlights:  From July 2016 to July 2017, the median home value for Central Florida is up 7% with inventory down 15%, during the same time frame. The combined median home value for all homes sold is $220,000. Average days-on-market for July 2016 was only 52. There is a 2.7 months supply of inventory. Experts say 6 months of inventory demonstrates a healthy balance between supply and demand. There were 3,347 total sales in July 2017, which is actually a decrease of 13% from June – indicative of the major housing shortage. Condo values have been rising significantly, up 21% year-over-year. The full report is available for you here > August 2017 Market Pulse