Orlando Housing Market Snapshot – August 2016

Median Price *The median price of all existing homes combined sold in July 2016 — $205,383 — is a 12.04 percent increase from the $183,310 median price recorded in July 2015, and a 0.78 percent decrease compared to June 2016. *The median price for “normal” existing homes sold in July is $217,000, an increase of […]

Orlando Housing Market Snapshot-September 2016

Orlando home sales jump 7 percent; median price rises 14 percent as inventory continues downward slide Sales of homes in Orlando experienced a year-over-year increase of 7.32 percent for the month of August, reports the Orlando Regional REALTOR® Association. The jump occurred amid yet another double-digit decrease in inventory, which continues to contribute to the […]

Orlando Housing Market Snapshot – June 2016

Median Price *The median price of all existing homes combined sold in June 2016 — $207,000 — is a 15.00 percent increase from the $180,000 median price recorded in June 2015, and a 1.97 percent increase compared to May 2016. *The median price for “normal” existing homes sold in June is $215,000, an increase of […]

Hire inspector even for a newly built home

FORT LAUDERDALE, Fla. – June 24, 2016 – Question: I’m having a home built, and the closing is in two weeks. Although our formal walk-through is next week, I’ve already identified several items that need correction or repair. If the builder refuses to make the appropriate repairs/corrections, what recourse do I have? – Ed

Disney sells more Flamingo Crossings land

Disney-owned land just west of Walt Disney World at the growing Flamingo Crossings development has a new owner. Orlando Hotel Groups LLC, a Pembroke Pines-based company doing business as Orlando Gateway Hotel Group LLC, purchased more than 7 acres of a larger 158-acres parcel of land from Flamingo Crossings LLC, an entity related to The […]

Orlando Housing Report-March 2016

Median Price *The median price of all existing homes combined sold in March 2016 — $195,000 — is a 10.12 percent increase from the $177,075 median price recorded in March 2015, and a 5.41 percent increase compared to February 2016. *The median price for “normal” existing homes sold in March is $203,970, a tiny decrease […]

Orlando Housing Report – February 2016

Orlando median price continues upward trek as buyer demand for homes outstrips inventory in February The inventory of Orlando homes available for purchase took another tumble in February, slowing year-over-year sales by 5 percent and driving a double digit increase in median price.

Orlando-January 2016 Housing Market

January 2016 Housing Market Released February 15, 2016 Median Price *The median price of all existing homes combined sold in January 2016 — $176,500 — is a 13.87 percent increase from the $155,000 median price recorded in January 2015, and a 4.59 percent decrease compared to December 2015.

Orlando Housing Report – December 2015 and 2015 Year-end

Orlando Housing Report – Market ends 2015 with a 15 percent increase in annual sales; 9 percent increase in median price Orlando’s 2015 median price ($178,788) finished a healthy 9.02 percent higher than the 2014 annual median price ($164,000), thanks to a full 12 months of year-over-year price increases. Sales for 2015 finished 15.46 percent […]

November/December 2015 Market Pulse

NAR October 2015 | By Lawrence Yun Home sales are outpacing last year’s sales, but tight inventories and mortgage underwriting continue to weigh on the market. First-time buyers are slowly emerging but make up just 30 percent of buyers, down from historical norms of around 40 percent.