Orlando Real Estate Market June 2015
Prices in Orlando Real Estate are going up faster than expected.
Anyone sitting on the fence and waiting for prices to go down needs to buy this year or expect to pay more.
Compare Orlando Real Estate to a few months ago here.
The median price of properties went up more than 10% from a year ago.
Central Florida is still the place to be.
With affordable home choices galore, places to visit and things to do, you just can’t beat all that the Orlando Real Estate Market offers.
What about other median price increases?
- Median price of short sales increased about 6%.
- Median price of single family homes increased more than 11%.
- Median price for condo’s went up almost 8%
What is selling in Orlando Real Estate?
Almost everything, except for short sales. The sale of short sales has decreased almost 54%, I do not mean the price has decreased, just the number of short sales selling. The number of homes on the market have gone up 8% from last year.
Even with prices almost doubling over the last four years, Orlando Sales prices remain below the median of $264,436 set at the top of the market in 2007.
Sales of Homes in Central Florida by county:
Lake County: up 13.41%
Orange County: up 19.42%
Osceola County: up 2.69%
Seminole County: up 9.1%
Inventory of Orlando Real Estate
There are currently 11,725 homes available for purchase through the MLS. Inventory for Orlando Real Estate is up about 10% over last year. This translates info 3.87 months of home supply.
Overall inventory for Central Florida is up 10.12%.
New Construction Homes
New Home sales are up as builders are all flush with new construction going strong. There are many inventory homes ready for immediate move in currently available.
To learn more about what homes are available anywhere in Central Florida, call the premier Buyer Agency Office that specializes only in representing the best interest of the home buyer, never the seller. 407-539-1053