Orlando Housing Market Report Video – October 2014

Orlando’s swelling inventory of homes available for purchase is helping meet pent-up demand and spurred a whopping 18 percent jump in sales in October, reports the Orlando Regional REALTOR® Association. In addition to the jump in sales, the median price of Orlando homes sold in October rose nearly 4 percent compared to October 2013.

Orlando Housing Market Report Video – September 2014

Orlando home sales up 11 percent, median up 7 percent in September

Orlando Housing Market Report Video – July 2014

Fewer homes are selling for higher prices, reveals the latest housing market activity report from the Orlando Regional REALTOR® Association. The data shows that home sales in July dropped more than 17 percent from that recorded in July 2013, while prices rose nearly 9 percent in the same year-over-year comparison.

Orlando Housing Market Report Video – June 2014

Orlando Housing Market Report Video – May 2014

Orlando Housing Market Report Video – April 2014

Orlando’s housing market continues to see across-the-board increases in median prices, with each sales type and each home type recording positive year-to-year comparisons in April.

The overall median price for the month of April is $163,000, a 13.43 percent increase over the April 2013 median price of $143,700. (In addition, the April overall median price is 1.88 percent above that of the $160,000 posted last month.) In fact, Orlando’s overall median price has recorded year-to-year gains for 33 consecutive months and has risen 41.13 percent since July 2011.

Homes of all types spent an average of 77 days on the market before coming under contract in April 2014, and the average home sold for 96.29 percent of its listing price. In April 2013 those numbers were 76 days and 96.85 percent, respectively.

The average interest rate paid by Orlando homebuyers in April decreased to 4.39 percent. Last month, homebuyers paid an average interest rate of 4.43 percent; this month last year, homebuyers paid an average interest rate of 3.49 percent.

Orlando Housing Market Report Video – March 2014

The Orlando Housing Market Report for March 2014 shows our usual spring selling season is off and running with a 17.28 increase in closings than February. The median sales price jumped to $160,000, up from $158,000 last month and current inventory continues to increase and rests at 10,343. Homes of all types spent an average of 76 days on the market compared to 79 days in March 2013 before coming under contract. Interest rates increased slightly to 4.43%, compared to 4.37% last month.

For all the latest, check out the video below!

Orlando Housing Market Report Video – February 2014

The Orlando Housing Market Report for February 2014 shows an overall inventory increase of 42%, giving Buyers, who found themselves stymied by low inventory and multiple offer competitions, more choices.

January Orlando Housing Market Report Video

The January Orlando Housing Market Report shows a continued rise of median home sale price of 18% with sales experiencing their traditional January dip

2014 Real Estate Market: Forbes.com’s predictions

What do the experts think the 2014 real estate market is going to look like?

In a nutshell:

  • Dodd-Frank lending changes: tight requirements for borrowers seeking qualified mortgages.
  • Interest rates are most likely to go up and surpass 5%.2014 Real Estate Market
  • Expect turnarounds in a lot of cities: Detroit, Santa Barbara and Reno top the lists.
  • Home affordability expected to decline: it dropped to it’s lowest in 5 years in 2013.
  • Don’t count on finding a foreclosure: fewer homeowners are losing their homes as the economy improves.
  • It may be a good time to buy a second home: Florida and Nevada are still seeing higher inventory and listing prices well below the national average.
  • Prices will increase at a less rapid pace than past years: forecasts put the increases between 3%-5%.

What do you think?