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Orlando Home Sales Statistics for March 2013

WOW!! Great news especially if you are interested in selling your home! The real estate market statistics for Orlando home sales are out. Closed sales were up to just over 2600 properties sold in the month of March. With that said, the available inventory for sale dropped to below 7000 units, the lowest since September 2005. The average and median sales prices jumped month over month as well as year over year. Call me today if you are thinking of buying or selling! Interest rates are still quite low, but don’t expect them to remain that way for very long. Good properties are going quickly!

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!

2012, 2011 – Highest in Service & Overall Satisfaction – Orlando Magazine

3 Responses to Orlando Home Sales Statistics for March 2013
  1. jeff
    April 18, 2013 | 11:20 am

    its great to see things are really starting to look “up”. The stock market and the Home Market never seem to agree to anything but positive trends are worth writing home about.l

  2. Orlando Ford
    May 8, 2013 | 2:35 pm

    Sounds like it’s a sellers market at this point. Great time to sell, maybe not so great if you are buying.

  3. Ashley Cusack
    May 23, 2013 | 5:33 pm

    We are seeing the same trend down in Miami, especially on the Coral Gables and Pinecrest neighborhoods.

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