Monday, June 16, 2014

Orlando Housing Market Report: May 2014

Orlando Real Estate Market Statistics for May 2014 shows inventory of homes up 50% over last years so their are more choices for home buyers.  Home prices are up and affordability index is getting higher as well.  The median price of a home is up 14% compare to this time last year at $165,000.  Despite prices rising the interest rates are still great!  If you are in the market to purchase a home, do not go it alone, take an experienced buyers agent to guide through all the choices and complexities of Orlando Real Estate.

  • Average Mortgage Rate: 4.16%
  • Inventory: 10,098
  • New Listings:  4,693
  • New Contracts:  3,275
  • Under Contract: 7,407
  • Back on Market: 824
  • Expired: 310
  • Withdrawn: 921
  • Sa;es Closed: 2,651