Orlando Regional Realtor® Association reports home values up 4% in May 2019

Orlando Regional Realtor® Association reports home values up 4% year-over-year in its monthly “Market Pulse” report for data from May 2019. The median home value increased from $233,000 in May 2018 to $243,000 in May 2019. Inventory remains bleak with only 2.1 months available, well below a healthy balance of 6 months. However, condo inventory is leading the Orlando area with a 27% increase in condos available year-over-year. The full report is available here: ORRA Market Pulse Report published June 2019

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Orlando Regional Realtor® Assoc. reports first decline in median value in nearly 8 years

Orlando Regional Realtor® Association reports 1st decline in median home value after nearly 8 years of price appreciation, in its monthly “Market Pulse” report for Apr. 2019. Inventory still near record low levels w/ only 2.3 months of supply available. Prices are down only 1% year-over-year with a median home value of $235,000 for Central Florida. The traditional summer selling season is just around the corner & historically, jumps are expected in prices & sales. Central Florida is still overall in a seller’s market, although prices of $600,000 & above are generally favoring buyers. Condos are experiencing the highest increase in sales & prices were up 6% year-over-year. Full report available here: Market Pulse Report for data from April 2019

Orlando Regional Realtor® Association reports 2.2% increase in home values in Mar. 2019

Orlando Regional Realtor® Association reports Central Florida home values up 2.2% year-over-year in its monthly market “Market Pulse” report for data from Mar. 2019. The overall median home value was $235,000 with an average-days-on-market of 62 days. Price increases have been recorded for 93 consecutive months with home values up 103.5% since 2011.

Inventory is hovering near historical lows & showing a slight increase of 5.3% year-over-year. Distressed sales (REO & short sale) are representing less than 4% of total sales.

The full report is available to view here: Market Pulse Report for data from March 2019

Orlando Regional Realtor Association reports 2.6% increase in home values in Feb. 2019

Orlando Regional Realtor® Association reports Central Florida home values up 2.6% year-over-year in its monthly market “Market Pulse” report for data from Feb. 2019. The overall median home value was $235,000 with an average-days-on-market of 62 days. Price increases have been recorded for 92 consecutive months with home values up 103% since 2011.

Inventory is hovering near historical lows & showing a slight increase of 6.3% year-over-year. Distressed sales (REO & short sale) are representing less than 5% of total sales.

Full market report is available here: March 2019 “Market Pulse” Report

Orlando Regional Realtor® Association reports home values up 0.7% in Jan. 2019

The Orlando Regional Realtor® Association reports home values leveling off in its February 2019 Market Pulse Report. Home prices increase 0.8% year-over-year from Jan 2018 to Jan 2019 with inventory up 8% during same time frame. Inventory has increased for 3 consecutive months.

Median home value of $226,500 for January 2019 versus $225,000 for January 2018. Median home value has increased for 91 consecutive months dating back to July 2011. Prices appear to be reaching a plateau after almost a decade of increases & provide evidence that we’re heading into the next market cycle and/or reaching a peak in the market.

Distressed sales (REO and short sale) only represent <5% of all sales.

The full report is available for you here: ORRA Market Pulse Report published February 2019

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

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