Orlando Regional Realtor® Association reports homes values up 10.3% in its May 2018 Market Pulse Report

The Orlando Regional Realtor® Association has released its May 2018 Market Pulse Report. Here are the highlights: From April 2017 to April 2018, the median home value for Central Florida is up 10.3% with inventory down 11%, during the same time frame. The combined median home value for all homes sold is $237,000. Average days-on-market was only 55 days. There is a 2.3 month’s supply of inventory. Real estate values are up 105% since 2011. The full report is available for you here: May 2018 Market Pulse Report

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Orlando Regional Realtor® Association reports home values up 5.5% in its April 2018 Market Pulse Report

The Orlando Regional Realtor® Association has released its April 2018 Market Pulse Report. Here are the highlights: From March 2017 to March 2018, the median home value for Central Florida is up 5.5% with inventory down 9.7%, during the same time frame. The combined median home value for all homes sold is $230,000. Average days-on-market was only 60 days. There is a 2.2 month’s supply of inventory. Real estate values are up 99% since 2011. The full report is available for you here: April 2018 Market Pulse Report

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

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