Tuesday, October 15, 2013

Orlando Housing Market Report - September 2013

Inventory is increasing which is good news, its up 6.42% over August, and maybe a sign prices will be stabilizing a bit. Its a great time to buy real estates as there are fewer buyers in the market place now as opposed to first 3 quarters of the year.  Mortgage rates holding steady, many mortgage experts think this will continue to be the case.  Median price of a home inching up to $155,475.

  • Average Mortgage Rate:  4.49%
  • Total Inventory: 9,127
  • New Listings:  3,588
  • New Contract:  2,767
  • Under Contract:  7,224
  • Back on Market: 743
  • Expired: 305
  • Withdrawn: 742
  • Sales Closed: 2,404
  • Average Days on Market:  67
If you are in the market for a home and need help, contact Buyers Broker of Florida.