Wednesday, June 19, 2013

Orlando Real Estate Statistics for May 2013; Median Price up 23%



Orlando Real Estate Statistics for May 2013

Days on the market are decreasing to 68 a sign properties are selling faster than ever before back at the pace of 2006.  The Orlando Real Estate Market is recovering and prices are increasing with median price up  to $148,000 which is 23% compared to May 2012.  Sellers are getting their prices on quality properties with many going for full price or over full price.  The average home is selling for 96.70% of the list price.   The home inventory is extremely low at 2.55 months supply. Creating competition for quality properties.  While interest rates are still at historical lows, they are increasing and market continues to improve.  The price gap of New Construction properties vs. Resale properties is widening, and builders incentives drastically decreasing while New Construction prices remarkably increasing.  Buyers Broker of Florida is an Orlando Buyer Broker office that can easily assist you in sorting out the best Orlando areas to live, pricing, and representation in home transaction.  Contact us, help is a quick email away.

  • Average Mortgage Rate:  3.64%
  • Total Inventory: 7,272
  • New Listings:  3,841
  • Under Contract:  8,631
  • Back on the Market:  653
  • Expired Listngs:  218
  • Withdrawn:  745
  • Sales Closed:  2,855
  • Days on Market: 68