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Orlando Home Sales Statistics for June 2014

Orlando home sales were 2817 for the month of June which equates to a 6% increase year over year and 5% from the month of May. Additionally, ‘Normal’ sales were approximately 66% of this pie. The available inventory stands at 11,500 properties for sale, which represents 4 months supply. The Days on the Market decreased by 2 coming in at 71 days. This month, the Median Sales Price ticked up just a bit while the Average Sales Price dropped about 4.5% to $204,812. Even with that and except for the prior month, we still have not seen numbers like this since 2008.

A couple of definitions are in order.  The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time – in other words, it’s the midpoint of sale prices.  So basically what this means, is that the median sales price is showing market activity in that it’s specifically indicating which price range is more active.

The average sales price, as opposed to the median sales price, is the total volume of sold properties divided by the number of properties sold.

There needs to be a disclaimer here.  These stats are only telling us what it being purchased and happening at a certain period in time.  It needs to be fully understood that not only is real estate local, but it is hyper-local.  What this means is that the trends that we hear about are overall.  Let’s put it this way, what’s happening in one neighborhood may not be realized in the neighborhood next door.

Additionally, these are only monthly statistics and to get a better scope of what is happening, you need to look at a longer period of time.  More high-end homes might be sold in one month as opposed to another.  By looking at a longer period, you will get a better overall picture.  It is all relative and this has to be understood when utilizing these stats.

 

For information on Seminole County real estate and Seminole County homes for sale in addition to Seminole County relocation contact Marc Grossman, your Seminole County Realtor @ 407-463-1034.  Additional information is available for Seminole County real estateOrange County real estate, West Volusia County and South Lake County.

To learn more about Marc and the services he has to offer, visit his website.

Marc Grossman, GRI  -  http://www.OrlandoHomes-4u.com/  -  407-463-1034

Marc It Sold! is a Certified LGBT Business Enterprise through the Supplier Diversity Initiative of the NGLCC.

You can read Marc’s other blogs Real Estate Morsels, Real Estate Off The Leash & Real Estate Cracker

Marc It Sold!

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Fourth of July Fireworks in the Orlando Central Florida Area

Here’s a look at free Fourth of July fireworks displays in the Greater Orlando Central Florida area. Hope everyone has a safe and fun 4th of July! JULY 3RD Altamonte Springs– Red, Hot & Boom! – with live entertainment and fireworks.  4pm – 11pm Thursday, July 3rd, with fireworks at 9:30pm. Cranes Roost Park, Uptown Altamonte. Mount Dora – Freedom…

Orlando Home Sales Statistics for May 2014

Orlando home sales were 2651 for the month of May. The available inventory stands at approximately 11,000 properties for sale with the Days on the Market at 73 days, yielding just over 4 months inventory. What was really good to see, is that Median and Average Sales Price and Average List Price all increased to…

Orlando Home Sales Statistics for April 2014

Orlando home sales were 2630 for the month of April. The available inventory stands at approximately 10,500 properties for sale with the Days on the Market edging up to 76 days, yielding just over 4 months inventory. What really is good to see, the Median Sales Prices jumped a few thousand to $160K. Yet, the…

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Orlando home sales were 2342 for the month of March. And as I thought, this is a nice beginning to the Spring selling season. The available inventory, again, added 159 properties and the Days on the Market stayed steady at 76 days. This all equates to 4.42 months of inventory available for sale. What really…

Our April Newsletter…Marc It Sold!

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Orlando Home Sales Statistics for January 2014

1800 properties closed in the month of January, in the Greater Orlando market, down from the previous month’s 2443 sales. That’s the first time in 2 years where sales have been less than 2K units. While this may give some pause, that should not be the case. January is typically a slower month than December…