Tuesday, September 17, 2013

Orlando Housing Market - August 2013



There are several highlights to Orlando Real Estate activity in August 2013.  Inventory of Central Florida homes has inched up a bit to 3.04 months of supply which is good, to get to better balance of supply, but there is lots of room for improvement.  Normal sales account for 45.02% of home sales.  Short sales and foreclosures are on the decline.  The median price of a home slipped to $155,000 from July, but up 28% compared to August 2012.
  • Average Mortgage Rate:  4.64%
  • Inventory of Homes:  8,576
  • New Listings: 3,922
  • New Contracts:  3,146
  • Under Contract:  7,519
  • Back on the Market:  722
  • Expired Listings:  249
  • Sales Closed:  2,825
  • Days on Market:  67
It's a great time to buy Orlando Real Estate before interest rates rise too much and you have to settle for less expensive home.  Contact Buyers Broker of Florida if you need additional information regarding the Central Florida Real Estate Market.