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Orlando Real Estate Sales
Orlando Real Estate experienced the highest volume of sales in 27 years. Yes, that is right, with record number at 3,435 properties in June.
Orlando Real Estate sales experienced a 21% growth compared to June 2014.
Prices still increasing
Orlando Real Estate prices have increased for the straight 47 months (almost 4 years). The new median price of a home is now $181,500.
Foreclosures prices have increased out of all the sales types to 16.3% compared to last year. While foreclosures are helping market prices stay steady, foreclosures are not the bargain they once were in the past.
Less Discounts on Orlando Real Estate
We are seeing less negotiating room as we did in the past, and Junes sales proved the general sales price was 97% of asking price. You can expect to see multiple offers on well priced quality properties. Orlando Real Estate is on the rise for sure.
Benefits to Orlando Home Buyers
Orlando Real Estate offers something for everyone; large selection of home choices and low interest rates is what keeps the market selling briskly.
Market inventory is 12,058 which is up 4.69% from June of 2014 and indicates a 4.06 month supply (6 months is balanced). This does on include all the various choices in new construction in Orlando Real Estate.
Orlando Real Estate Growth by County since June 2014
- Lake County Real Estate: 10.22 percent
- Orange County Real Estate: 20.55 percent
- Osceola County Real Estate: 16.43 percent
- Seminole County Real Estate: 28.42 percent
What Home Buyers Can Expect
The summer will be coming to an end soon, and children will be back in school and we are approaching Fall. Fall is a great time to buy, there are less buyers in the market place which allows a serious home buyer to scope out the market with less chance from property being quickly sold. In addition, there are plenty of home choices to select from. Right now, the best deals are on new construction inventory homes.
Let Buyers Broker of Florida find you most ideal properties and negotiate favorable terms. Check out our excellent reviews and call us. 407-539-1053
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