David's Orlando Real Estate Blog

Below is a chart of mortgage rates going back to 1971. Note the average mortgage rate over the last 50 years is about 7.7%. The recent spike in interest rates over the last few years has really impacted purchasing power. There is no argument about that. However, waiting on rates may not work out....

The number of homes of all types available for sale in the Orlando area continued to rise compared with a year ago. There were 13,557 homes for sale compared to 11,158 in July 2024. This was a 21.5% increase compared to last July, but the second month in a row with a decline. I think this may bec...

The inventory of homes of all types available for sale in Orlando continues to rise. The Orlando Regional Realtor Association registered 13,304 homes currently on the market. That is nearly a 42% increase compared to a year earlier. The total number of new contracts, pending sales and closed tran...

Sales had a nice bump last month with 2,154 closed transactions in December 2024 compared to 1,982 closed sales the prior year. That resulted in nearly an 8.7% increase. The median home price also saw a nice gain from the same month a year ago. The median sales price for all residential propertie...

The Orlando real estate market has really been soft the last several months. November was no exception. Sales were off 9.6% compared to November 2023. Only 1,805 homes sold last month. Prices have continued to hold steady even with declining sales and increasing inventory. The median sales price ...

Last month the inventory of all types of homes for sale was up 88% compared to a year ago. There were 11,511 at the end of last month compared to 6,115 at the end of August 2023. The median home price was up 3% compared to August of 2023. The median sales price last month was $384,500 compared to...

The #OrlandoRealEstate market continues to move a bit slower than 2022, but slower sales have not had an effect on prices. Total sales were 11% lower than a year ago with just 1,982 homes of all types closing in December 2022.The slower pace of sales has had an impact on inventory with the number...

The inventory of homes available for sale continues to climb on high interest rates. Prices too are up from a year ago rising 3% to $377,000. The number of sales is once again lower when compared with October 2022 with just 2,429 homes of all types closing during the month. That is down 11% compa...

The number of homes of all types available for sale is of course still up compared to last year. There were 5,149 homes for sale in May up 33.7% compared to a year ago, but up only 1 home compared to April. The number of closed sales was down 20.2%  with 3,150 closed transactions last month compa...

Orlando real estate numbers continue to be solid. Inventory remains high compared to a year ago with 5,148 homes of all types available for sale compare to just 2,670 a year ago. However, that is still less than a two month supply of homes for sale. The median price remains strong at $370,000 hol...