Orlando Housing Market Snapshot – May 2016

Median Price *The median price of all existing homes combined sold in May 2016 — $203,000 — is a 12.15 percent increase from the $181,000 median price recorded in May 2015, and a 5.73 percent increase compared to April 2016. *The median price for “normal” existing homes sold in May is $214,000, an increase of […]

Orlando Housing Market-November 2016

Orlando Housing Market-November 2016  Median Price *The median price of all existing homes combined sold in November 2016 — $200,000 — is an 8.70 percent increase from the $184,000 median price recorded in November 2015, and is 2.44 percent below the October 2016 median price of $205,000. *The median price for “normal” existing homes sold […]

Orlando Housing Market Snapshot – August 2016

Median Price *The median price of all existing homes combined sold in July 2016 — $205,383 — is a 12.04 percent increase from the $183,310 median price recorded in July 2015, and a 0.78 percent decrease compared to June 2016. *The median price for “normal” existing homes sold in July is $217,000, an increase of […]

Orlando Housing Market Snapshot-September 2016

Orlando home sales jump 7 percent; median price rises 14 percent as inventory continues downward slide Sales of homes in Orlando experienced a year-over-year increase of 7.32 percent for the month of August, reports the Orlando Regional REALTOR® Association. The jump occurred amid yet another double-digit decrease in inventory, which continues to contribute to the […]

Orlando Housing Market Snapshot – June 2016

Median Price *The median price of all existing homes combined sold in June 2016 — $207,000 — is a 15.00 percent increase from the $180,000 median price recorded in June 2015, and a 1.97 percent increase compared to May 2016. *The median price for “normal” existing homes sold in June is $215,000, an increase of […]

Hire inspector even for a newly built home

FORT LAUDERDALE, Fla. – June 24, 2016 – Question: I’m having a home built, and the closing is in two weeks. Although our formal walk-through is next week, I’ve already identified several items that need correction or repair. If the builder refuses to make the appropriate repairs/corrections, what recourse do I have? – Ed

Orlando Housing Report-March 2016

Median Price *The median price of all existing homes combined sold in March 2016 — $195,000 — is a 10.12 percent increase from the $177,075 median price recorded in March 2015, and a 5.41 percent increase compared to February 2016. *The median price for “normal” existing homes sold in March is $203,970, a tiny decrease […]

Orlando Housing Report – December 2015 and 2015 Year-end

Orlando Housing Report – Market ends 2015 with a 15 percent increase in annual sales; 9 percent increase in median price Orlando’s 2015 median price ($178,788) finished a healthy 9.02 percent higher than the 2014 annual median price ($164,000), thanks to a full 12 months of year-over-year price increases. Sales for 2015 finished 15.46 percent […]

Fla.’s Housing Market Continues to Show Gains in 3Q 2015

ORLANDO, Fla., Nov. 12, 2015 – Florida’s housing market reported more closed sales, higher median prices, a tighter inventory and fewer days on the market during the third quarter of 2015, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 74,141 in 3Q 2015, up 14.7 percent […]

Florida Real Estate Market Update Sept 2015

 Florida Real Estate Market Update Sept 2015 What’s happening in Florida’s housing market? Real estate is a vital part of the economy in the Sunshine State, and Florida Realtors® serves as the voice for real estate in Florida. In this Market Minute, Florida Realtors® Chief Economist Dr. John Tuccillo keeps you up-to-date on the state’s […]