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Orlando Real Estate

Please take a look at this short video update on the Orlando real estate market results for April 2016. Courtesy of the Orlando Regional Realtor® Association.

Posted by David W. Welch on May 16th, 2016 12:58 PMLeave a Comment

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May 11th, 2016 2:58 PM

Inventory is down, pending sales are up, prices and sales are still going strong as the spring buying season is in full swing here in Orlando. There are currently 9,768 homes of all types listed as active by Orlando Realtors®. That is down over 16.6% from last year's 11,725. Of the homes listed as active only 480 or 4.9% are REO, 275 or 2.8% are short sales and 9,013 or 92.3% are traditional, equity sales. 

There are 7,515 homes listed as either pending or active with contract. The number of pending sales has been steadily climbing, and is up from last month's 7,195. Of the homes with contracts on them, 793 or 10.6% are REO, 1,181 or 15.7% are short sales and 5,541 or 73.7% are equity sales. Climbing pending sales is a strong indicator of climbing sales numbers in the coming months.

Sales were very strong in April with 3,374 closed transactions with a median price of $191,000. That is down slightly from March's $191,205, but represents better than a 9.1% increase over last April's $175,000. The number of sales is up more than 11.3% compared to last April's 3,031. At the April absorption rate our current inventory represents only a 2.9 month supply of inventory. That is down nearly an entire month from a year ago. Of the homes that sold last month, 488 or 14.5% are REO with a median price of $120,997; 123 or 3.6% are short sales with a median price of $158,000; and 2,763 or 81.9% are equity sales with a median price of $220,000. The 123 closed short sales represents only 10.4% of the pending short sales, and they took 282 days to close on average.

While cash is always king, the king is not as strong as he used to be. Last month 1,145 or 33.9% of the sales closed for all cash with a median price of $119,900. The remaining 2,229 or 66.1% of closed sales had some type of financing and a median price of $220,000.

David Welch Real Estate Optimist, Orlando Real Estate


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on May 11th, 2016 2:58 PMLeave a Comment

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April 25th, 2016 11:41 AM

There are 9,912 homes for sale listed by Orlando Realtors® and 7,506 homes listed as contract pending. Of the homes still available for sale, 509 are foreclosures and 278 are short sales. Of the homes with contracts pending, 848 are foreclosures and 1,223 are short sales.

Too early Orlando real estate sales statistics for April: 2,208 closed sales with a median sales price of $189,450. We are definitely on track for another 3,000+ sales this month. Inventory continues to decline, and pending sales are climbing. The sales price to list price ratio is up to 98%.

David Welch Real Estate Optimist, Orlando Real Estate


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on April 25th, 2016 11:41 AMLeave a Comment

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April 19th, 2016 1:59 PM

There are 9,936 homes for sale listed by Orlando Realtors® and 7,402 homes listed as contract pending. Of the homes still available for sale, 536 are foreclosures and 290 are short sales. Of the homes with contracts pending, 877 are foreclosures and 1,249 are short sales.

Too early Orlando real estate sales statistics for April: 1,647 closed sales with a median sales price of $189,000. We are definitely on track for another 3,000+ sales this month. Inventory continues to decline, and pending sales are climbing.

David Welch Real Estate Optimist, Orlando Real Estate


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on April 19th, 2016 1:59 PMLeave a Comment

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Take a moment to watch this brief video, courtesy of the Orlando Regional Realtor® Association. This is the latest market highlights for March 2016. To stay on top of Orlando real estate market conditions, follow my top ranked blog www. RealEstateOptimist.com


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on April 15th, 2016 11:52 AMLeave a Comment

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April 11th, 2016 1:04 PM
Inventory continues to hover around 10,000 with 10,041 homes of all types listed as active by Orlando Realtors®. Of the homes still available, 567 or 5.6% are REO, 315 or 3.1% are short sales and 9,159 or 91.2% are traditional, equity sales. Pending sales remain strong with 7,195 homes listed as either active with contract or pending. Of the homes with contracts on them, 896 or 12.5% are REO, 1,249 or 17.4% are short sales and 5,050 or 70.2% are equity sales.

Closed transactions for the month picked up from February with 3,276 closed sales with a median sales price of $191,205. That is more than double our low median price from back in 2011 when we bottomed out at $95,000. Based on last month's absorption rate we currently have just over a three month supply of homes available for sale. Of the homes that sold in March 525 or 16.0% were REO with a median price of $127,100; 115 or 3.5% were short sales with a median price of $150,000; and 2,636 or 80.5% were equity sales with a median price of $205,000.

The 115 closed short sales represented on 9.2% of the number of pending short sales, and the average days to close for the closed short sales was 262 days. Cash sales remain strong with 1,127 or 34.4% of the transactions closing for all cash with a median price of $125,000. Financed sales accounted for 2,149 or 65.6% of all the sales with a median price of $216,000. The 3,276 sales is just over 4.5% more than March 2015's 3,132. The median sales price of $191,205 is nearly 8.0% higher than last year's $177,100. Our current active inventory is almost 13% below last year's 11,529.

David Welch Real Estate Optimist, Orlando Real Estate


Posted by David W. Welch on April 11th, 2016 1:04 PMLeave a Comment

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Check out this short video courtesy of the Orlando Regional Realtor Association with a summary of the Orlando real estate market for the month ended February 2016. Year over year sales are down, while prices are up on declining inventory.

Posted by David W. Welch on March 15th, 2016 10:52 AMLeave a Comment

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March 14th, 2016 12:06 PM

Inventory continues a slow slide with only 10,104 homes of all types listed as Active by Orlando REALTORS®. Of the homes available on the market, 651 or 6.4% are REO, 333 or 3.3% are short sales and 9,120 or 90.3% are traditional, equity sales. Based on our most recent absorption rate, there is less than a 3.9 month supply of inventory. Check out my breakdown to see just how low the Orlando real estate inventory is by price range.

Pending sales are actually up quite a bit from January. There are currently 6,981 homes listed as Pending or Active With Contract. Of the homes with contracts pending, 968 or 13.9% are REO, 1,291 or 18.5% are short sales and 4,722 or 67.6% are equity sales.

Closed sales are way up over January's 2,277, but down slightly from February of last year. There are 2,600 closed sales in February with a median price of $179,900. Sales are down almost 2.5% from a year ago, but prices are up nearly 12%. Of the closed sales 530 or 20.4% are REO with a median price of $124,777; 104 or 4.0% are short sales with a median price of $155,000; and 1,966 or 75.6% are equity sales with a median price of $195,000.

Cash sales are still strong with 1,054 or 40.5% of all sales closing for all cash with a median sales price of $125,000. The remaining 1,546 or 59.5% closed with some type of financing at a median price of $204,537.

David Welch Real Estate Optimist, Orlando Real Estate


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on March 14th, 2016 12:06 PMLeave a Comment

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February 23rd, 2016 1:36 PM

There are 10,306 homes for sale listed by Orlando Realtors® and 6,577 homes listed as contract pending. Of the homes still available for sale, 733 are foreclosures and 389 are short sales. Of the homes with contracts pending, 1,042 are foreclosures and 1,277 are short sales.

Way too early Orlando real estate sales statistics for February: 1,555 closed sales with a median sales price of $178,000. The red hot market seems to be cooling off a little to start the year. We will have to watch it to see if this becomes a trend.

David Welch Real Estate Optimist, Orlando Real Estate


Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on February 23rd, 2016 1:36 PMView Comments (1)

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Here is a short video with highlights of the Orlando Regional Realtor Association Market analysis for January 2016.



Posted in:Market Report and tagged: Orlando real estate
Posted by David W. Welch on February 15th, 2016 12:26 PMLeave a Comment

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